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3 years ago

Determining Net Cash Flow from Operating Activities

Business

1 answer:

ivolga24 [154]3 years ago

5 0

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

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_ is the process managers use to continually monitor all phases of the production process to ensure that quality is being built

Free_Kalibri [48]

Statistical Quality Control is the process managers use to continually monitor all phases of the production process to ensure that quality is being built into the product from the beginning and that quality is not being inspected into the product at the end of the production process.

All products go through a quality control procedure to make sure their products meet industry and company standards. Organizations do this to ensure they are putting out the smallest amount of defects as possible when creating items to sell to wholesalers or consumers.

7 0

3 years ago

Compute straight-line depreciation on the building at the end of one year, assuming an estimated 10-year useful life and a $16,0

saveliy_v [14]

Answer:

Missing word "Bridge City Consulting bought a building and the land on which it is located for $120,000 cash. The land is estimated to represent 70 percent of the purchase price. The company paid $10,000 for building renovations before it was ready for use."

Total Cost of Land and Building (100%) = $120,000

Cost of Land (70%) = $84,000

Cost of Building (30%) = $36,000

Cost of Building Renovations = $10,000

Total Cost of Building = $36,000 + $10,000

Total Cost of Building = $46,000

1. Annual Depreciation(Year End Depreciation) = (Cost of Building - Residual Value)/ Number of Year

Annual Depreciation = $46,000 - $16,000 / 10

Annual Depreciation = $30,000 / 10

Annual Depreciation = $3,000

2. Book Value of Land at the end of two years = $84,000

Book Value of Building at the end of two years = $46,000 - ($3,000*2 year) = $46,000 - $6,000 = $40,000

Hence, Book Value of Land and Building at the end of two year is = $84,000 + $40,000 = $124,000

5 0

3 years ago

This information relates to McCall Real Estate Agency.

inn [45]

Answer:

Oct. 1

Cash $33,540 (debit)

Common Stock $33,540 (credit)

Being Investment made by Stockholders

Oct. 2

Salaries Expense $3,460 (debit)

Salaries Payable $3,460 (credit)

Being administrative assistant hired

Oct. 3

Office furniture $3,690 (debit)

Accounts Payable $3,690 (credit)

Being Office Furniture Purchased on Account

Oct. 6

Accounts Receivable $11,190 (debit)

Commission Earned $11,190 (credit)

Being Commission earned not yet paid

Oct. 10

Cash $155 (debit)

Commission Earned $155 (credit)

Being commission earned and paid up

Oct. 27

Accounts Payable $660 (debit)

Cash $660 (credit)

Being payment of office furniture

Oct. 30

Salaries Payable $3,460 (debit)

Cash $3,460 (credit)

Being payment of October Salary to administrative assistant

Explanation:

The Journal Entry and Narrations are given above.

6 0

3 years ago

Lillian has a defined benefit plan that promises an annual retirement benefit based on 2 percent of her final 3-year average ann

Neko [114]

2% of $65000 = $1300 x 15 = $19,500 per year (which sucks).

Hope that helps.

5 0

3 years ago

Read 2 more answers

Andrea, a self-employed individual, wishes to accumulate a retirement fund of $500,000. How much should she deposit each month i

Dominik [7]

Answer:

$778.82

Explanation:

Given:

Amount to be accumulated in retirement fund which is future value (FV) = $500,000

Interest rate (Rate) = 5.5% annually or 5.5 / 12 = 0.4583%

Time period (nper) = 25 years or 25×12 = 300 periods

Monthly deposit need to be computed (PMT). which can be calculated using spreadsheet function =pmt(rate,nper,PV,FV)

=pmt(0.004583,300,0,500000)

Monthly payment is computed as $778.82

Note: PMT is negative as it is a cash outflow.

8 0

4 years ago