Question

In: Accounting

Calculate cash flow from operating activities using the following information. Please place your answer in the...

Calculate cash flow from operating activities using the following information. Please place your answer in the blank below (please do not use commas or dollar signs, i.e., simply type 1000).

Net income 60,000

Purchase of new machine 35,000

Depreciation expense 10,000

Increase in Accts. Receivable 15,000

Loss on sale of machine 9,000

Decrease in Prepaid Expenses 7,000

Increase in Accts. Payable 14,000

Decrease in Accrued Liabilities 4,000

Solutions

Expert Solution


Related Solutions

a. Using the information for the Seville Corporation above, calculation the cash flow from operating activities....
a. Using the information for the Seville Corporation above, calculation the cash flow from operating activities. b. Using the information for the Seville Corporation above, calculation the cash flow from investing activities. c. Using the information for the Seville Corporation above, calculation the cash flow from financing activities. Accounts payable increase            9,000 Accounts receivable increase            4,000 Accrued liabilities decrease            3,000 Amortization expenses            6,000 Cash balance Jan 1          22,000 Cash balance Dec 31            1,500 Cash...
    1 Using the following information for 2018, calculate the net cash provided by Operating Activities....
    1 Using the following information for 2018, calculate the net cash provided by Operating Activities. Net income $             110,000 Depreciation expense $               60,000 Decrease in Accts Receivable $               45,000 Increase in Inventory $               35,000 Decrease in Accts Payable $               20,000     2 Using the following information for 2018, calculate the net cash provided by Investing Activities. Purchase of land $         1,100,000 Purchase of equipment $             300,000 Proceeds from sale of building $         2,500,000 Purchase of computers $               25,000 Purchase...
Differentiate the cash flow from asset from the cash flow from operating activities, financing activities and...
Differentiate the cash flow from asset from the cash flow from operating activities, financing activities and investing activities. Why is it important to study the operating cash flow of a company? Illustrate your answer with example(s).
Differentiate the cash flow from asset from the cash flow from operating activities, financing activities and...
Differentiate the cash flow from asset from the cash flow from operating activities, financing activities and investing activities. Why is it important to study the operating cash flow of a company? Illustrate your answer with example(s).
What is the net cash flow from operating activities? can someone explain how to calculate and...
What is the net cash flow from operating activities? can someone explain how to calculate and what the result would be? Increase in account receivable: 70,000 Increase in salaries payable: 57,500 Decrease in inventory: 32,000 Depreciation expense: 48,500 Increase in prepaid insurance: 3,800
Which of the following items would not be included as a cash flow from operating activities...
Which of the following items would not be included as a cash flow from operating activities in a statement of cash flows? Multiple Choice Collections from customers. Interest on note payable. Purchase of equipment. Purchase of inventory.
Operating Activities How do you determine cash flow provided by (used in) operating activities using the...
Operating Activities How do you determine cash flow provided by (used in) operating activities using the indirect method? How is cash flow provided by (used in) operating activities determined using the direct method? How is this different from the indirect method? Investing Activities How do you determine cash flow provided by (used in) investing activities? Financing Activities How do you determine cash flow provided by (used in) financing activities? What is the formula to calculate change in cash flow? What...
Calculate cash flows from operating activities for 2018
Chew Corporation prepares its statement of cash flows using the indirect method of reporting operating activities. Net income for the 2018 fiscal year was $1,250,000. Depreciation expense of $140,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash:ParticularsAmount$Increase in accounts receivable152,000Decrease in inventories108,000Decrease in prepaid expenses62,000Decrease in salaries payable30,000Increase in income taxes payable44,000Calculate cash flows from operating activities for 2018
Net Cash Flow From Operating Activities Verna Company's records provided the following information for 2016: Decrease...
Net Cash Flow From Operating Activities Verna Company's records provided the following information for 2016: Decrease in accounts payable, $4,600 Loss on sale of land, $1,900 Increase in inventory, $7,800 Increase in income taxes payable, $2,700 Net income, $68,400 Patent amortization expense, $1,600 Ordinary loss, $6,200 Decrease in deferred taxes payable, $2,500 Amortization of discount on bonds payable, $1,300 Payment of cash dividends, $24,000 Depletion expense, $5,000 Decrease in salaries payable, $1,400 Decrease in accounts receivable, $3,500 Gain on sale...
Net Cash Flow From Operating Activities Verna Company's records provided the following information for 2016: Decrease...
Net Cash Flow From Operating Activities Verna Company's records provided the following information for 2016: Decrease in accounts payable, $4,600 Loss on sale of land, $1,900 Increase in inventory, $7,800 Increase in income taxes payable, $2,700 Net income, $68,400 Patent amortization expense, $1,600 Ordinary loss, $6,200 Decrease in deferred taxes payable, $2,500 Amortization of discount on bonds payable, $1,300 Payment of cash dividends, $24,000 Depletion expense, $5,000 Decrease in salaries payable, $1,400 Decrease in accounts receivable, $3,500 Gain on sale...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT