What is cash generated from operations for the year

Assignment Help Accounting Basics
Reference no: EM133182612

Question - Defoe Ltd made a profit before tax of £624,000 for the year ended 31 December 2021, after charging depreciation of £96,000. The following information was included in the statement of financial position as at 31 December 2021:

 

2020

2019

 

£000

£000

Inventories

520

470

Trade receivables

316

402

Trade payables

294

325

Required - What is cash generated from operations for the year ended 31 December 2021?

Reference no: EM133182612

Questions Cloud

Describe major strategic initiatives : Describe any two major strategic initiatives/objectives of your organization which require management of change?
Determine the total tax due of pedro : Pedro is a tax operator. The following data were provided for taxable year 2018: Determine the total tax due of Pedro assuming the opted to use the 8% tax
What could you do to ensure external equity in work : How might the pay rate for your job be influenced if it was a similar job in another industry or another geographic area?
Practice of emergency management : Explain the long- and short-term impacts that Hurricane Katrina had on the practice of emergency management.
What is cash generated from operations for the year : Defoe Ltd made a profit before tax of £624,000 for the year ended 31 December 2021, What is cash generated from operations for the year
Calculate the cash used in or cash from financing activities : The also borrowed $1,200,000 by way of a mortgage on a building it purchased for $1,500,000. Calculate the cash used in or cash from financing activities
Recommended approach to driving top performance : Using a different human behavior theory of motivation that your peer describes, offer a recommended approach to driving top performance.
What is the amount of proceeds to be reported : What is the amount of proceeds to be reported in the Statement of Cash Flows of Goldson Ltd for the year ended 31 December 2021
Define unstructured and structured interviews : Define unstructured and structured interviews. What are the advantages and disadvantages of each? Which method is more reliable and valid? Why?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much equity does it need to finance the expansion

If the firm aims to maintain a debt ratio of 30 per cent and need to raise an additional $1.3 million, how much equity does it need to finance the expansion

  What is the purpose of the audit teams brainstorming session

what is the auditors responsibility under auditing standards for detecting fraud

  Calculate the amount of the asset and liability of Timmer

Timmer estimates that the equipment has a fair value of $300,000, an economic life of 5 years, Calculate the amount of the asset and liability of Timmer

  Calculate the effect of realized and unrealized gains

Calculate the effect of realized and unrealized gains and losses associated with the Donald bonds and the Watson stock on Feherty's net income

  In 2008 wishbone corporation had an operating profit of

in 2008 wishbone corporation had an operating profit of 750000 and a residual income of 300000. if wishbones cost of

  The revenues and the expenses of a proprietary fund

What is the cause and effect relationship between the revenues and the expenses of a proprietary fund?

  Which division sets the maximum transfer price

Which division sets the maximum transfer price, and what is it? Do you suppose that Indian and Maple divisions would choose to transfer.

  Define comments and suggestions about the course

Given the readings and assignments in the course, identify and briefly discuss two important concepts from this course that are applicable to your degree.

  Compute the manufacturing cycle efficiency mcewhat

johnson corporation keeps careful track of the time required to fill orders. the times required for a particular order

  Prepare required adjusting journal entries to record taxes

Pre-tax accounting income is $ 300,000. The enacted income tax rate is 25%. Prepare the required adjusting journal entries to record income taxes for 2020

  Which statement relating to workers compensation insurance

Which statement relating to workers' compensation insurance is incorrect? It is compulsory for all employers to take out workers' compensation insurance.

  Prepare the entry to record the exchange

Record annual depletion for the first year, ended August 31, 2017. (Credit account titles are automatically indented when the amount is entered

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