User Account

All Pages

The following information reflects cash flow and other

Assignment Help Accounting Basics
Reference no: EM13580827

The following information reflects cash flow and other activities of Framer Company for six months ended June 30:

  • Paid for equipment $45,000
  • Paid for income taxes 3,000
  • Paid for insurance 1,000
  • Paid for interest 900
  • Paid for utilities 790
  • Paid for advertising 560
  • Paid for owners 5,000
  • Paid for suppliers 28,000
  • Paid for employees 17,000
  • Depreciation expense 13,500
  • Received from customers 99,000
  • Received from issuing long-term 40,000
  • Received from sale of land 18,000

(a) What are the net cash flows from operating activities for the period?
(b) What are the net flows from investing activities for the period?
(c) What are net cash flows from financing activities for period?
(d) What was the net change in cash for the period?

Reference no: EM13580827

Questions Cloud

Fogerty company makes two products titanium hubs and : fogerty company makes two products titanium hubs and sprockets. data regarding the two products followdirect
Based on the preceding information what amount would be : on january 1 2008 wilhelm corporation acquired 90 percent of kaiser companys voting stock at underlying book value. the
Aug 31submit and record your bill for the accounting : aug 31?submit and record your bill for the accounting services for the month to set up the records for jens tennis
Cabinets inc is a large manufacturer of modular kitchen : cabinets inc. is a large manufacturer of modular kitchen cabinets sold primarily to builders and developers. the
The following information reflects cash flow and other : the following information reflects cash flow and other activities of framer company for six months ended june 30 paid
Forty percent of fixed manufacturing overhead consists of : during heaton companys first two years of operations the company reported absorption costing net operating income as
Biando corporation began operations on may 1 2010 and : biando corporation began operations on may 1 2010 and completed the following transactions during its first month of
Indicate the balances in the three stockholders equity : on october 1 chile corporations stockholders equity is as follows.common stock 4 par
Allocate the depreciation intrest and taxes occupancy costs : 1. allocate occupancy costs to the diaz and wright departments using the current allocation method.2. allocate the

Reviews

Write a Review

Accounting Basics Questions & Answers

  The machine hours for the month of april for all of the

record in good journal entry format the following transactions1. april 10 300 units of raw materials were purchased at

  What is the rate of return on common stockholders equity

What is the rate of return on common stockholders' equity if sales are $100,000, net income is $22,700, and average common stockholders' equity is $86,000?

  One-half of retirement savings

You can tax shelter only one-half of your retirement savings. You want to invest one-half of your savings in bonds and one-half in stocks. How much of the bonds and how much of the stocks should you allocate to the tax sheltered investment?

  What is the amount of liability for coupons

Sasha Co. shipped 100,000 rebate coupons in products sold during 2005. The coupons are redeemable for $15 each. Each product is sold for $200 and has a cost of $100. Sasha anticipates that 70 percent of the rebate coupons will be redeemed. The..

  Determine the amount of the pbo

During 2009, pension benefits paid were $40,000. The discount rate for the plan for this year was 10%. Service cost for 2009 was $80,000. Plan assets (fair value) increased during the year by $45,000. Required: Determine the amount of the PBO at D..

  Prepare the manufacturing staffs calculations

Prepare the manufacturing staffs calculations for the three alternatives:    In addition to reducing costs, the new technology proposed for the greenfield plant would increase  rnanufacturing flexibility, which would enable eTI to respond more quic..

  What is the difference between financial statements

what is the difference between financial statements prepared from the expanded accounting equation and those prepared

  Drewery inc has fixed costs of 50000 and net operating

drewery inc. has fixed costs of 50000 and net operating income of 17000. if sales increase by 18 by how much will noi

  Account not affected by account receivable written off

Which of the following accounts is not affected when an account receivable written off as uncollectible is unexpectedly collected?

  Restrictions on beta ability to use minimum tax credit

Beta Corporation incurs a $60,000 regular tax liability and a $20,000 AMT liability. Assuming no restrictions on Beta's ability to use the minimum tax credit, what journal entry would be necessary to record tax expense?

  How using tax preparation software or internet r e s

how using tax preparation software or internet r e s ources can assist the tax professional in the preparation of tax

  At the begining of the year manufacturing overhead for the

at the begining of the year manufacturing overhead for the year was estimated to be 702450. at the end of the year

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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