How much cash was provided by operating activities

Assignment Help Accounting Basics
Reference no: EM132768797

Question - The net income reported on the income statement for the current year was $245,000. Depreciation was $40,000. Account receivable and inventories decreased by $12,000 and $35,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $1,000 and $8,000. How much cash was provided by operating activities?

Reference no: EM132768797

Questions Cloud

Which must pay tax due to the sale of the property : If Passan sells his cottage in 2017 for $365,000, what is the MINIMUM amount on which he must pay tax due to the sale of the property?
How would you control your variables : Now that you have worked through the Rabbit Island case, you are ready to think of your own experiment to find out what microbe is causing a disease outbreak.
What is the maximum amount that simone can contribute : What is the MAXIMUM amount that Simone can contribute to an RRSP this year without incurring an over-contribution penalty?
Management of the team project within etihaad : Discuss the impacts of these dynamics upon the management of the team project within Etihaad.
How much cash was provided by operating activities : Prepaid expenses and accounts payable increased, respectively, by $1,000 and $8,000. How much cash was provided by operating activities
What annual pension benefit will receive : What annual pension benefit will he receive when he retires after 20 years of service? Justin belongs to an integrated defined-benefit pension plan
What knowledge do you still need to demonstrate competency : Provide one specific example of how you achieved the weekly objectives. What knowledge do you still need to demonstrate competency in the weekly concepts?
What statement regarding old age security benefits is true : Other than annual vacations to Italy, the couple has resided in Canada without interruption. What statement regarding Old Age Security (OAS) benefits is true?
Which recently began using kanban system : The Jewel Golf Club Company, which recently began using a Kanban system,

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd