Question
In: Accounting
Calculate amounts for each case
Calculate amounts for each case
Solutions
Expert Solution
| PE 14 - 1A | |
| a) | Financing |
| b) | Operating |
| c) | Operating |
| d) | Financing |
| e) | Investing |
| f) | Operating |
| PE 14 - 1B | |
| a) | Investing |
| b) | Investing |
| c) | Operating |
| d) | Operating |
| e) | Operating |
| f) | Financing |
| PE 14 - 2A | |
| Net Income | $ 120,400 |
| Adjustments to reconcile net income to net cash flow from operating activities: | |
| Depreciation | $ 8,400 |
| Amortization of patents | $ 3,080 |
| Loss from sale of land | $ 4,480 |
| Net cash flow from operating activities | $ 136,360 |
| PE 14 - 2B | |
| Net Income | $ 175,000 |
| Adjustments to reconcile net income to net cash flow from operating activities: | |
| Depreciation | $ 8,750 |
| Amortization of patents | $ 3,250 |
| Gain from sale of investment | $ (18,750) |
| Net cash flow from operating activities | $ 168,250 |
ekkarill92 answered 2 years agoRelated Solutions
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One
way to find the missing amounts would be to prepare a contribution
format income statement for each case, enter the known data, and
then compute the missing items.)
Required:
a. Assume that only one product is being sold in each of the
four following case situations:
b. Assume that more than one product is being sold in each...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One way to
find the missing amounts would be to prepare a contribution format
income statement for each case, enter the known data, and then
compute the missing items.) Required: a. Assume that only one
product is being sold in each of the four following case
situations: b. Assume that more than one product is being sold in
each...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One way to
find the missing amounts would be to prepare a contribution format
income statement for each case, enter the known data, and then
compute the missing items.)
a. Assume that only one product is being sold in each of the
four following case situations:
Case #1
Case #2
Case #3
Case #4
Unit
sold
8,100
19,500
4,900...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One way to
find the missing amounts would be to prepare a contribution format
income statement for each case, enter the known data, and then
compute the missing items.)
Required:
a.
Case #1
Case #2
Case #3
Case #4
Unit
sold
8,200
19,800
5,100
Sales
$237,800
$330,000
$137,700
Variable
expenses
114,800
198,000
Fixed
expenses
89,000
175,000
75,000
Net
operating...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One
way to find the missing amounts would be to prepare a contribution
format income statement for each case, enter the known data, and
then compute the missing items.)
Required:
a. Assume that only one product is being sold in each of the
four following case situations:
b. Assume that more than one product is being sold in each...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One
way to find the missing amounts would be to prepare a contribution
format income statement for each case, enter the known data, and
then compute the missing items.)
Required:
a. Assume that only one product is being sold in each of the
four following case situations:
b. Assume that more than one product is being sold in each...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One
way to find the missing amounts would be to prepare a contribution
format income statement for each case, enter the known data, and
then compute the missing items.)
Required:
a. Assume that only one product is being sold in each of the
four following case situations:
b. Assume that more than one product is being sold in each...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing
amounts in each of the eight case situations below. Each case is
independent of the others. (Hint: One way to find the
missing amounts would be to prepare a contribution format income
statement for each case, enter the known data, and then compute the
missing items.)
Required:
a. Assume that only
one product is being sold in each of the four following case
situations:
b. Assume that more
than one product is being sold in each...
Determine the missing amounts in each of the following independent cases. Case A Case B Case...
Determine the missing amounts in each of the following
independent cases.
Case A
Case B
Case C
Beginning
inventory, raw material
98,000
7,500
Ending
inventory, raw material
199,000
34,000
Purchases
of raw material
295,000
274,000
Direct
material used
235,000
323,000
Direct
labor
395,000
72,000
Manufacturing overhead
595,000
99,000
Total
manufacturing costs
1,135,000
1,130,000
222,000
Beginning
inventory, work in process
89,000
79,000
Ending
inventory, work in process
124,000
4,400
Cost of
goods manufactured
1,088,000
225,000
Beginning
inventory, finished goods
195,000
139,000...
Determine the missing amounts in each of the following independent cases Case A Case B Case...
Determine the missing amounts in each of the following
independent cases
Case A
Case B
Case C
Beginning inventory, raw material
$
-------
$
68,000
$
45,000
Ending inventory, raw material
184,000
-----
19,000
Purchases of raw material
220,000
259,000
------
Direct material used
160,000
259,000
-------
Direct labor
------
320,000
64,500
Manufacturing overhead
520,000
------
84,000
Total manufacturing costs
1,060,000
1,055,000
190,000
Beginning inventory, work in process
74,000
64,000
-----
Ending inventory, work in process
-----
109,000
2,900
Cost...
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