How much was Super Market net cash provided

Assignment Help Accounting Basics
Reference no: EM133071406

Question - Super Market earned net income of $69,000 after deducting depreciation of $6,000 and all other expenses. Current assets decreased by $5,000, and current liabilities increased by $7,000. How much was Super Market's net cash provided by operating activities (indirect method)?

Reference no: EM133071406

Questions Cloud

Systems thinking report : Explaining the CLD as if it is a solution (ideal situation). Remember, at this stage you are explaining the current situation and what is causing the problem
How much can Wildhorse expect to receive : Wildhorse Railroad Co. is about to issue $338,000 of 9-year bonds paying an 12% interest rate, How much can Wildhorse expect to receive
International management-executive leadership : Assess state/city leadership's/representatives' perspectives on the effectiveness of these programs.
Discuss the implications of our hedging actions : A. We fear a revaluation of the currency of our affiliate the S. African rand.
How much was Super Market net cash provided : Current assets decreased by $5,000, and current liabilities increased by $7,000. How much was Super Market's net cash provided
Find company most current yearly ratios : Pick a publically traded company listed on either the NYSE or NASDAQ and complete each part below. You can use the Financial Management Project Template to comp
Explain the high standard deviations : Risk - A broker has advised you not to invest in the oil industry stocks because they have high standard deviations.
Compute the book value per share of common stock : During Year 3, Stuart Corporation reported after-tax net income of $3,565,000. Compute the book value per share of common stock
Banking plan at a different institution : Research online two different banking plans in Canada(it could be two different banking plans at the same institution or comparing a banking plan at one institu

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate weighted average number of shares for Ivanhoe

Ivanhoe Limited had 41,700 common shares outstanding on January 1, 2020. Calculate the weighted average number of shares outstanding for Ivanhoe

  Determine the amount of Joan Canada caregiver tax credit

The corresponding amount for her mother is $21,400. Determine the amount of Joan's Canada caregiver tax credit, if any, for 2019

  What is the depreciation rate per unit

pangle Corporation uses the unit-of-production method to estimate depreciation. What is the depreciation rate per unit?

  What is the intrinsic price of these bonds

The XY Company's bonds mature in 10 years, have a par value of $1,000 and an annual coupon rate of 12%. What is the intrinsic price of these bonds

  What the simple rate of return for the investment is

What the simple rate of return for the investment (rounded to the nearest tenth of a percent) is: (Round your answer to 1 decimal place.)

  Discuss the costs and benefits to a company of gathering

Consider the costs and benefits to a company of gathering, reporting, and disclosing non-financial information

  Create an ideal internal control system

Create an ideal internal control system for Long Term Assets.

  Prepare the production budget

Every unit needs 0.8 of the direct labor hours and every hour costs $30/ hour. Prepare the Production budget

  Compute the difference in the present value of tax shields

For the purpose of your calculation use 30% as the tax rate and 16% as the required return. The difference, to the nearest dollar, is

  Determine ending inventory under perpetual inventory system

Lyon Center began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.

  Calculate the material cost variance

Production during the month: 1,000 kg Quantity of material used: 3,500 kg Price of sunflower oil: € 3/kg You are required to Calculate material cost variance

  How do we close these accounts

Let's suppose we have following four accounts to close. This is a simplification because we would likely have many more expenses. How do we close these accounts

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