Calculate the net impact on cash given the following information: decrease in accounts receivable= $30; decrease...

Calculate the net impact on cash given the following information: decrease in accounts receivable= $30; decrease in inventory= $45; net fixed asset Disposals= $75; decrease in accounts payable= $27; increase in notes payable= $30; increase in long-term debt= $105; decrease in retained earnings= $18; decrease in common stock= $600.

a. $470 net addition to cash

b. $120 net deduction from cash

c. $360 net addition to cash

d. $120 net addition to cash

e. $360 net deduction from cash

Expert Solution

Answer :

e. $360 net deduction from cash

Transaction	Cash flow nature	Cash
decrease in accounts receivable= $30;	inflow	30
decrease in inventory= $45;	inflow	45
net fixed asset Disposals= $75	inflow	75
decrease in accounts payable= $27	outflow	-27
increase in notes payable= $30;	inflow	30
increase in long-term debt= $105	inflow	105
decrease in retained earnings= $18	outflow	-18
decrease in common stock= $600.	outflow	-600
	Net impact on cash	-360

jeff jeffy answered 1 year ago

Calculate the net impact on cash given the followinginformation: increase in accounts receivable = $10;...

Calculate the net impact on cash given the following information: increase in accounts receivable = $10; increase in inventory = $15; net fixed asset acquisitions = $300; increase in accounts payable = $50; decrease in notes payable = $60; decrease in long-term debt = $200; increase in retained earnings = $42; increase in common stock = $80.Multiple Choice$413 net addition to cash.$185 net addition to cash.$226 net addition to cash.$226 net deduction from cash. $413 net deduction from cash.

You are given the following information. Calculate Total Liabilities. Cash and equivalents is $85 accounts receivable...

You are given the following information. Calculate Total Liabilities. Cash and equivalents is $85 accounts receivable are $87 inventory is $66 net fixed assets is $199 accounts payable is $92 accruals are $99 notes payable are $81 long term debt is $82

Prepare cash flow statement based on information given Decrease in accounts receivable $20 Increase in inventory

Prepare cash flow statement based on information given Decrease in accounts receivable $20 Increase in inventory 10 Operating income 200 Interest expense 20 Decrease in accounts payable 20 Dividend 20 Decrease in common stock 30 Increase in net fixed asset 20 Depreciation 15 Income tax 20 Beginning cash 100

Which one of the following is a source of cash? increase in accounts receivable decrease in...

Which one of the following is a source of cash? increase in accounts receivable decrease in notes payable decrease in common stock decrease in accounts payable increase in inventory all of the above none of the above

cash collections of accounts receivable will increase and decrease _ 1) accounts payable , accounts...

cash collections of accounts receivable will increase ____ and decrease _____ 1) accounts payable , accounts receivable 2) accounts receivable, accounts payable 3) cash, accounts receivable 4) cast, accounts payable when developring cost functions , which of the following is false 1) the cost funtion must be believable 2) the cost function does not have to be reliable 3) personal observations of cost and activities provide the best evidence of a plausible relationship between a cost and its cost driver...

What is the net addition to cash given the information below ? Decrease in inventory =...

What is the net addition to cash given the information below ? Decrease in inventory = $5,250 Increase in accounts receivable = $7,650 Decrease in net fixed assets = $9,150 Increase in accounts payable = $6,250 Decrease in notes payable = $8,750 Increase in long-term debt = $8,500 Decrease in retained earnings = $1,150 Increase in common stock = $5,550

30-Sep The following information is available: Sales Revenue (net credit sales) 1,200 Accounts Receivable &nb

30-Sep The following information is available: Sales Revenue (net credit sales) 1,200 Accounts Receivable 800 Allowance for Doubtful Accounts 15 (credit balance) Prepare the journal entry assuming that bad debts are expected to be 6% of accounts receivable. GENERAL JOURNAL DATE ACCOUNT TITLE DEBIT CREDIT Garcia Company has accounts receivable of $ 2,500 Prepare the journal entries for the following transactions: 1-Sep Added 1% finance charges to $600 company credit card balances for not paying within 30...

The following data is given: December 31, 2018 2017 Cash $66,500 $49,500 Accounts receivable (net) 90,000...

The following data is given: December 31, 2018 2017 Cash $66,500 $49,500 Accounts receivable (net) 90,000 59,000 Inventories 90,000 105,000 Plant assets (net) 382,500 324,000 Accounts payable 55,500 39,500 Salaries and wages payable 12,000 5,500 Bonds payable 68,500 72,000 8% Preferred stock, $40 par 100,000 100,000 Common stock, $10 par 120,000 90,000 Paid-in capital in excess of par 75,000 70,000 Retained earnings 198,000 160,500 Net credit sales 995,000 Cost of goods sold 740,000 Net income 82,000 Compute the following ratios:...

Given the following Financial Information Answer the following question: 2017 2018 Cash 2,000 189,100 Accounts Receivable...

Given the following Financial Information Answer the following question: 2017 2018 Cash 2,000 189,100 Accounts Receivable 2,000 2,020 Inventory 8,000 8,080 Prepaid Assets 3,000 3,030 Other Assets 4,000 4,040 Total Current Assets 19,000 206,270 Net PPE 20,000 4,000 Intangibles 10,000 10,000 Total Assets 49,000 220,270 Accounts Payable 8,000 8,080 Salary Payable 6,000 6,060 Notes Payable 3,000 3,000 Total Current Liabilities 17,000 17,140 Long-Term Debt 40,000 40,000 Total Liabilities 57,000 57,140 Common Stock 80,000 80,000 Retained Earnings -88,000 83,130 total equity...

Consider the following: Net income, $285,000 Depreciation Expense $33,000 Increase in accounts receivable, $12,000 Decrease in...

Consider the following: Net income, $285,000 Depreciation Expense $33,000 Increase in accounts receivable, $12,000 Decrease in merchandise inventory, $60,000 Decrease in accounts payable, $24,000 Increase in income taxes payable, $9,000 Using the Indirect Method, the Net Cash provided by Operating Activities was: Group of answer choices $351,000 $303,000 $318,000 $270,000

Question