Prepare the cash flows from operating activities

Assignment Help Financial Accounting
Reference no: EM133005980

Question - Carbon Co. had the following 2019 Income Statement; Sales Revenue: $200,000 Cost of Goods Sold: 120,000 Gross Profit: 80,000 Operating Expense: 50,000 Net income: 30,000. The following account increased during 2019: account receivable $12,000, inventory $11,000, and account payable $13,000 and operating expense includes depreciation of $21,000. Prepare the cash flows from operating activities sections of Carbon's statement of cash flow using the direct method?

Reference no: EM133005980

Questions Cloud

How much money would be in the bank account : How much money would be in the bank account? Let's now assume that your ancestor invested the $1,000 dollars in a bank account.
How much money would the account now contain : The bond market has had a real return of 3.5% per year over this same 200-year period. How much money would the account now contain?
What is the coefficient of elasticity for this product : A Company lowers its price for a certain product by 6% and has an increase of 15% in revenue from the product. What is the Coefficient of Elasticity
What seems to be the nash equilibrium : What seems to be the Nash equilibrium? Can you think of some way that an incentive could be changed in order to arrive at better payoffs?
Prepare the cash flows from operating activities : Prepare the cash flows from operating activities sections of Carbon's statement of cash flow using the direct method
What is the value trigger point at this time : One year later interest rate are 5.3%. What is the value trigger point at this time that would require the manager to immunize the portfolio
Benefits of the project management office : Prepare an initial report which should reassure the senior management team your capability in dealing with the project and its stakeholders
Determine the lowest transfer price : The annual production capacity is 35,000 units and the variable cost of each unit is R24. Determine the lowest transfer price
Explain whether valerie ranching activity is a trade : In 2004 and 2005, Valerie realized losses of $4,125 and $1,894, respectively. Explain whether Valerie's ranching activity is a trade or business

Reviews

Write a Review

Financial Accounting Questions & Answers

  What amount of money must the company borrow

On January 1, Wilson Company has a beginning cash balance of $16,200. During the year, the company expects cash receipts of $35,000 and cash disbursements of $43,000. If Wilson requires an ending cash balance of $12,600, what amount of money must the..

  What is the ticker symbol for the company you have selected

What is the Ticker Symbol for the company you have selected? Where does the company rank in terms of Total Revenue when compared to its competitors?

  Find What is the amount of cost of goods sold

Find What is the amount of cost of goods sold? At the end of the period, the physical count of inventory reveals that $10,000 of inventory is on hand.

  Explain why a company reported earnings

Explain why a company's reported earnings may not necessarily be an objective measure of economic reality. Give examples of when this might occur

  What is the value of the investment internal rate of return

The present value of the benefits,What is the value of the investment's internal rate of return, its net present value, and its profitability index?

  What is the present value of the annuity

An annuity has an interest rate of 7% and makes a quarterly payment of $2000. The annuity is to last for 5 years. What is the present value of the annuity.

  Little cabbage firm acquired an adjacent lot to construct

Little Cabbage Firm acquired an adjacent lot to construct. Fees paid to remove an old building from the land were $9,000. Materials salvaged from the demolition of the building were sold for $3,000. A contractor was paid $800,000 to construct a new..

  Calculate the break-even point in sales

Calculate the break-even point in sales dollar-Should Dr. Peterside buy this company.

  Calculate the npv for the ram electric acquisition

Calculate the NPV for the Ram Electric acquisition. All else being equal, would you recommend the acquisition of Ram Electric by Cavalier Electric? Explain

  Make the current liabilities section of the balance sheet

Accounts Payable $77,000. Prepare the current liabilities section of the balance sheet, assuming $40,000 of the mortgage is payable next year.

  What is cost of marginal bad debts under proposed plan

Variable cost per unit is P3,060. The firm's required return on investment is 20 percent. What is the cost of marginal bad debts under the proposed plan?

  What amount should be reported as deferred tax expense

Aries Company reported a deferred tax asset of P90,000 on January 1, 2020. What amount should be reported as deferred tax expense

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