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marusya05 [52]
3 years ago
5

The comparative balance sheets for Lowery Company show these changes in noncash current asset accounts: accounts receivable decr

ease $80,000, prepaid expenses increase $28,000, and inventories increase $40,000.
Compute net cash provided by operating activities using the indirect method, assuming that net income is $186,000. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Business
1 answer:
alukav5142 [94]3 years ago
3 0

Answer:

$198,000

Explanation:

The computation of the net cash provided by operating activities by using the indirect method is presented below:

Cash flow from operating activities

Net income $186,000

Add: Decrease in account receivable $80,000

Less: Increase in prepaid expense -$28,000

Less: Increase in inventories -$40,000

Net cash provided by operating activities    $198,000

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The ____ server is usually a high-powered workstation that maintains a large file system of data sets, user profiles, and access
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The correct word for the blank space is: network.

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3 years ago
Coronado Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $157,000, and purchases for January thr
soldi70 [24.7K]

Answer:

$237,855

Explanation:

Opening inventory = $157,000

Purchases = $502,900

Sales revenue = $649,300

gross profit = 35% of sales

                   = 35% × $649,300

                   = $227,255

cost of goods sold = $649,300 - $227,255

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8 0
4 years ago
Tater and Pepper Corp. reported free cash flows for 2018 of $51.1 million and investment in operating capital of $34.1 million.
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Answer:

 Tater and Pepper Corp

computation of EBIT

                                                                                    $million

Free cash flow                                                                  51.1

Add: Tax                                                   25.3

       Investment in operating Capital      34.1                 <u>59.4</u>

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less:  Depreciation    expenses                                       <u> 14.8</u>  

EBIT                                                                                    <u>95.7 </u>                  

Explanation:

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Answer:

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