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Savatey [412]
3 years ago
7

Darwin Company, a manufacturer, has provided the following information pertaining to its recent year of operation: • Net income

$300,000 • Accounts receivable decreased $28,000 • Prepaid insurance increased $9,000 • Depreciation expense was $25,000 • Loss on sale of a building was $12,000 • Wages payable decreased $14,000 • Unearned revenue increased $21,000 Using the indirect method, how much was Darwin's net cash provided by operating activities?
Business
1 answer:
bearhunter [10]3 years ago
3 0

Answer:

$363,000

Explanation:

The computation of net cash provided by operating activities is shown below:-

Net Income                                               $300,000

Add: Depreciation                                     $25,000

Add: Loss on sale of Building                   $12,000

Add: Decrease in Accounts Receivable  $28,000

Add: Unearned revenue increased           $21,000

Less: Increase in prepaid expenses          ($9,000)

Less: Wages payable decreased               ($14,000)

Total Cash Flow from Operating Activities $363,000

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A) 19.91%

Explanation:

Net present value of cash flow at 19.91% can be calculated as follows

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What is morale?
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If your business is not efficient, where will your numbers fall on the Production Possibility Frontier?
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In the context of the external environment of a firm, which of the following statements is true of environmental scanning? A. Ma
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Read 2 more answers
Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasin
kipiarov [429]

Answer:

Yozamba Technology

Divisional Income Statements:

                                  Consumer       Commercial        Total

Revenues                 $7,430,000        $6,184,000    $13,614,000

Cost of goods sold     4,123,000          3,125,000       7,248,000

Gross profit              $3,307,000      $3,059,000    $6,366,000

Operating expenses  1,465,000          1,546,000        3,011,000

Corporate expenses:

Tech Support               322,500             193,500          516,000

Purchasing                      31,360               58,240           89,600

Other corporate administrative expenses                  560,000

Total expenses       $1,818,860          $1,797,740     $4,176,600

Net income (loss)    $1,488,140         $1,261,260     $2,189,400

Explanation:

a) Data and Calculations:

Corporate expenses for the year ended December 31, 20Y7:

Tech Support Department                         $516,000  Number of computers

Purchasing Department                                 89,600  Number of POs

Other corporate administrative expenses 560,000

Total corporate expense                         $1,165,600

Usage of Service:

                                 Tech Support          Purchasing

Consumer Division    375 computers     1,960 purchase order

Commercial Division 225                       3,640

Total                           600 computers    5,600 purchase order

Overhead Rates:

Tech Support = $860 per computer ($516,000/600)

Purchase = $16 per purchase order ($89,600/5,600)

Allocation of Corporate Expenses:

                                     Tech Support     Purchasing     Total

Consumer Division           $322,500        $31,360        353,860

                                       (375 * $860)     (1,960 * $16)

Commercial Division            193,500        58,240          251,740

                                      (225 * $860)     (3,640 * $16)

Total                                   $516,000      $89,600      $605,600

3 0
2 years ago
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