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Inessa [10]
3 years ago
15

Pharoah Company reported net income of $184,850 for 2017. Pharoah Company also reported depreciation expense of $33,700 and a lo

ss of $4,690 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $15,150 for the year, a $15,640 increase in accounts payable, and a $4,030 increase in prepaid expenses.Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Business
1 answer:
Dominik [7]3 years ago
4 0

Answer:

$219,700

Explanation:

Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $184,850

Adjustment made:

Add : Depreciation expense $33,700

Add: Loss on the  disposal of plant assets $4,690

Less: Increase in accounts receivable -$15,150

Add: Increase in accounts payable $15,640

Less: Increase in prepaid expenses -$4,030

Total of Adjustments $34,850

Net Cash flow from Operating activities                $219,700

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Zumiez is the best clothing store ever and they sell real expensive brands for less
5 0
3 years ago
When Mi Ola’s purchasing manager places the weekly order for new bikinis based on how many of each type have sold that week, thi
geniusboy [140]

Answer:

The process of making this decision By the CLASSICAL MODEL of decision making

Explanation:

The classical general equilibrium model was developed in the 18th century within the neoclassical economics and it is related to classical economics.

The classical general equilibrium model aims to describe the economy by taking an aggregate of the behavior of individuals and firms.

Decision taken using this Method is usually based on what the eyes are seeing. Facts.

From the text, Ola buys new bikinis weekly based on the designs the customers are buying more. He decides on what to buy for the new week by looking at the designs that his customers went for the previous week. This is a clear case of Classical model of Decision making.

5 0
3 years ago
Determining Net Cash Flow from Operating Activities
ivolga24 [154]

Answer:

$67,150

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $12,750

Adjustment made:

Add : Depreciation expense $32,600

Add: Decrease in accounts receivable $21,500

Less: Increase in inventory -$18,300

Add: Increase in accounts payable $19,800

Less: Decrease in interest payable -$1,200

Total of Adjustments $54,400

Net Cash flow from Operating activities                        $67,150

5 0
3 years ago
Leaf Co. purchased from Oak Co. a $20,000, 8%, 5-year note that required five equal annual year-end payments of $5,009. The note
Veronika [31]

Answer:

b. $5,560

Explanation:

The computation of the total interest revenue is shown below:

The five equal annual year-end payments = $5,009

For five years, the total amount is

= $5,009 × 5 years

= $25,045

And, the present value of recording the note is $19,485

So, the  total interest revenue earned would be

= Five years amount - present value of recording the note

= $25,045 - $19,485

= $5,560

4 0
3 years ago
Find the value of each expression.
Andrew [12]

Answer:

a. 10+5-19

b. 15-19=-4

Explanation:

This problem can be solved with a very simple rule that is, Bodmas stands for "brackets, orders, division, multiplication, addition, subtraction". if integers contain brackets ((), {}, []) then first solve bracket then powers and roots etc., then division, multiplication, addition and subtraction from your left to right.

PEMDAS is very similar to BODMAS and used in the USA.

PEMDAS means Parentheses, Exponents (powers and roots), Multiplication and Division, Addition and Subtraction.

5 0
3 years ago
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