Reference no: EM13342559
1. Glitter Girl, Inc. recognized net income of $150,000 including $26,000 in depreciation expense.
Additional changes from the balance sheet are as follows.
Accounts Receivable $3,500 decrease
Prepaid Expenses $15,000 decrease
Inventory $35,500 increase
Accrued Liabilities $12,000 decrease
Accounts Payable $20,000 increase
Compute the net cash from operating activities based on the above information.
$132,500
$79,000
$205,500
$167,000
2. Cash flows from operating activities (indirect and direct methods).
Presented below is the income statement of Smiling Tiger, Inc.
Sales
$250,000
Cost of goods sold
109,000
Gross profit
$141,000
Operating expenses
85,000
Income before income taxes
56,000
Income taxes
22,400
Net income
$33,600
In addition, the following information related to net changes in working capital is presented.
Debit
Credit
Cash
$10,600
Accounts receivable
2,400
Inventories
$3,600
Salaries payable (operating expenses)
12,000
Accounts payable
15,000
Income taxes payable
1,400
Depreciation expense for the year was $14,700
Deferred tax liability account increased $1,800
Required:
Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows:
(a)using the indirect method.
(b)using the direct method.
|
Find the maximum acceleration of the top of the building
: During an earthquake, the top of a building oscillates with an amplitude of 32cm at 1.3Hz. What is the maximum acceleration of the top of the building
|
|
What is the direction of the flywheels angular velocity
: A flywheel is spinning with its axle pointing along the east-west direction. You are standing west of the flywheel facing toward it. What is the direction of the flywheel's angular velocity
|
|
Define some of the challenges that china faces
: Cultural Revolution highlights some of the challenges that China faces as it moves towards the adoption of International Accounting Standards. These challenges include, but are not restricted to, societal, cultural and accounting issues.
|
|
Define a reasonable structure for the compound
: Compute the unsaturation number (aka index of hydrogen deficiency) associated with C4H3NO2S. Interpret your results. If there are no triple bonds in this compound, can you suggest a reasonable structure for the compound
|
|
Prepare a schedule computing the net cash flow from operatin
: 1. Glitter Girl, Inc. recognized net income of $150,000 including $26,000 in depreciation expense.
|
|
Define what would be the wavelength (in nm) associated
: What is the force constant associated with this stretch in newtons/meter. Data: C = 12.000 amu/atom, H = 1.0078 amu/atom What would be the wavelength (in nm) associated with the first overtone band
|
|
Explain which child has the larger angular speed
: Tom and Mary are riding a merry-go-round. Tom is on a horse about half way between the center and the outer rim, Which child has the larger angular speed
|
|
Define the diagram of the electrochemical cell
: Standard reduction potentials are given on the next page. (a) Draw a diagram of the electrochemical cell, labeling all electrodes and solutions. (b) What is the pH in the Pt | H+ | H2 half-cell? (c) What is the value of the equilibrium constant fo..
|
|
Find the normal forces at left and right points of contact
: A bowling ball of mass 6.00 kg rests in a groove with smoth, perpendicular walls, inclined at angles of 30.0 degrees (theta). find the normal forces at the left and right points of contact
|