Reference no: EM13851539
Determining Net Cash Flow from Operating Activities Indirect Method [LO4]. Below is an income statement for Newell Products for the year ended December 31, 2014, and a schedule listing the company's current assets and current liabilities at the end of 2013 and 2014: Newell Products Income Statement For the Year Ended December 31, 2014 Sales $ 125,800 Cost of goods sold $ 52,800 Gross profit $ 73,000 Operating expenses: Selling and general expenses $ 11,700 Depreciation expense $ 2,600 $ 14,300 Operating income $ 58,700 Loss on sale of land $ 3,600 Income before taxes $ 55,100 Income tax expense $ 19,285 Net income $ 35,815 Schedule of Current Assets and Current Liabilities 12/31/2013 12/31/2014 Cash $ 12300 $ 14,800 Accounts Receivable $ 3,600 $ 4,600 Inventory $ 5,500 $ 6,100 Prepaid Expenses $ 2,800 $ 2,350 Accounts payable $ 1,530 $ 2,200 Accrued liabilities $ 2,600 $ 1,950.
Required Prepare the operating activities section of the statement of cash flows using the indirect method.
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A firm''s short run inverse demand function
: a) A firm's short run inverse demand function is given by p=150-2q. The short run cost function is C=1500+50q. The fixed cost of 1500 is rent on a building and is unavoidable in the short run. What is the short run profit-maximizing quantity and pric..
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The book cites which factor for slow growth
: The book cites which factor for slow growth in Latin America countries? A) their reliance on the drug trade B) Excessive government intervention in the economy
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Thequatity of physical capital per worker
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Calculate the equilibrium value of n in the long run
: Assume that the marginal cost curve of an individual firm is MC = q/15 and the minimum average cost is 10. Derive the short run industry supply curve assuming there are N vegetable oil producers (Hint: Set MC=P, solve for q and then multiply the resu..
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Prepare the operating activities section of given statement
: Determining Net Cash Flow from Operating Activities Indirect Method [LO4]. Required Prepare the operating activities section of the statement of cash flows using the indirect method.
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Can you exert horizontally on the crate without moving it
: What maximum force, in Newton's, can you exert horizontally on the crate without moving it and If you continue to exert this force once the crate starts to slip, what will its acceleration be, in meters per square second?
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How much cash was provided or used by operating activities
: How much cash was provided or used by operating activities? (The only noncash items in income are depreciation and the gain from the sale of the investment. The purchase and sale of investment are related.)
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Block swings up to a maximum angle
: The mass of the block is unchanged by the passage of the bullet (the mass removed making the hole is negligible, in other words). After the collision, the block swings up to a maximum angle θmax. and then stops. Find θmax.
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Why you would implement opportunity assessment process
: Explain why you would implement the opportunity assessment process before decisions are enacted to pursue specific marketing objectives. State any new opportunities that emerged based on the opportunity analysis you performed
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