1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Simora [160]
3 years ago
11

The current sections of Buffalo Corp.’s balance sheets at December 31, 2016 and 2017, are presented here. Buffalo Corp.’s net in

come for 2017 was $155,448. Depreciation expense was $27,432. 2017 2016 Current assets Cash $106,680 $ 100,584 Accounts receivable 81,280 90,424 Inventory 170,688 174,752 Prepaid expenses 27,432 22,352 Total current assets $386,080 $388,112 Current liabilities Accrued expenses payable $ 15,240 $ 5,080 Accounts payable 86,360 93,472 Total current liabilities $101,600 $ 98,552 Prepare the net cash provided (used) by operating activities section of the company’s statement of cash flows for the year ended December 31, 2017, using 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:
Triss [41]3 years ago
6 0

Answer and Explanation:

The preparation of the cash flow from operating activities is presented below:

Cash Flows from Operating Activities  

Net income  $155,448

Adjustments

Add: Depreciation Expense $27,432  

Add: Decrease in Accounts receivable $9,144  (81,280  - 90,424)

Add: Decrease in Inventory $4,064  (170,688 -  174,752)

Less: Increase in Prepaid expenses -$5,080  (27,432 - 22,352)

Add: Increase in Accrued expenses payable $10,160  (15,240 - 5,080)

Less : Decrease in Accounts payable -$7,112   (86,360 - 93,472)

Total of adjustments                      $38,608

Net Cash Provided by Operating Activities  $194,056

The outflow of cash represents in negative sign and the positive sign reflects the inflow of cash

You might be interested in
Engaging directly with the customer costs a business less in advertising then using traditional channels such as magazines and b
bija089 [108]

Answer:

email,blogs and social media

4 0
3 years ago
Last year Lowell Inc. had a total assets turnover of 1.40 and an equity multiplier of 1.75. Its sales were $295,000 and its net
katrin [286]

Answer:

ROE would have changed by 8.52%

Explanation:

First we calculate the current ROE using Dupont Equation which gives ROE as,

ROE = Net Income/Sales * Sales/Total Assets * Total Assets/Equity

or

ROE = Net Profit Margin * Total Assets Turnover * Equity Multiplier

  • Current ROE = 10600/295000 * 1.4 * 1.75 = 0.0880 or 8.8%

The condition says that the net income could have increased to 20850 but other factors will remain constant. Thus, to calculate new ROE, we will calculate the new Net Profit margin but the total assets turnover and the equity multiplier will remain constant as sales assets and capital structure is not changing.

  • New ROE = 20850/295000 * 1.4 * 1.75 = 0.17316 or 17.32%
  • The ROE would have changed by 17.32 - 8.80 = 8.52%
7 0
3 years ago
You are checking your wheels and rims for a pre-trip inspection. which of these statements is true?
liubo4ka [24]
I cant help you, i dont know what the statements are. 

4 0
3 years ago
Levelor Company's flexible budget shows $10,710 of overhead at 75% of capacity, which was the operating level achieved during Ma
Salsk061 [2.6K]

Answer:

The correct answer is $473 (Unfavorable).

Explanation:

According to the scenario, the given data are as follows:

Actual overhead = $11,183

Budgeted Overhead = $10,710

So, we can calculate the controllable variance by using following formula:

Controllable variance  = Actual overhead - Budgeted overhead

By putting the value, we get

Controllable variance  = $11,183 - $10,710

= $473 ( Positive shows unfavorable)

= $473 (unfavorable)

3 0
3 years ago
Fair Oaks Farms’ manure management, specifically the use of cow manure to power their facilities and fuel their milk tankers, is
dedylja [7]

Answer:

Natural resources

Explanation:

Im not quite sure what your asking but if im right I think  they have the competitive advantage of natural resource which would be the cow poop/manure that theyre using to power there facilities and fuel milk tankers.

sorry if im wrong

3 0
3 years ago
Other questions:
  • Disney World in Orlando, FL has several theme parks, resorts, restaurants, and stores. Each is intentionally created to offer a
    8·1 answer
  • A manager wants to motivate the maintenance staff to be more productive. She starts by providing training and assures employees
    6·1 answer
  • Denny was a telecommuter and worked from home three days a week. He used this utility to access his work computer from home.
    13·1 answer
  • Deep Mines has 43,800 shares of common stock outstanding with a beta of 1.54 and a market price of $51 a share. There are 10,000
    9·1 answer
  • Which parts of the economy grew during the 1990s and which declined?
    11·1 answer
  • Net exports might be a negative amount if Americans
    14·1 answer
  • Tina, Jack, and Jade were just about to deliver a presentation together. Tina said, "Remember to emphasize our need for a larger
    15·2 answers
  • If a 10 percent increase in income induced a group of consumers to reduce their yearly purchases of eggs by 5 percent, for these
    11·1 answer
  • God I I hate my life. AndrewSmith15 are you there plz answer
    10·1 answer
  • You are looking for ways to save money when it comes to feeding your family. What is the most helpful way to cut back on food ex
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!