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emmasim [6.3K]
3 years ago
6

The following information is available from the current period financial statements: Net income $150,000 Depreciation expense 28

,000 Increase in accounts receivable 16,000 Decrease in accounts payable 21,000 The net cash flow from operating activities using the indirect method is Group of answer choices $141,000 $173,000 $117,000 $215,000
Business
1 answer:
Anit [1.1K]3 years ago
5 0

Answer:

$141,000

Explanation:

Given the above information, the net cash flow is computed as shown below

= Net income + Depreciation expense - Increase in accounts receivables - Decrease in accounts payable

= $150,000 + $28,000 - $16,000 - $21,000

= $141,000

Therefore, the net cash flow from operating activities using the indirect method is $141,000

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Accounts receivable from sales transactions were $45,427 at the beginning of the year and $61,370 at the end of the year. Net in
ZanzabumX [31]

Answer:

The cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be $108,099

Explanation:

Cash Flow from Operating Activities adjusts the Net Income for the Year with (1) Non-Cash Items, (2) Items Appearing Elsewhere (3) Changes in Working Capital.

From the given data Net Cash flow from Operating Activities is Determined as follows:

<u>Cash flow from Operating Activities</u>

Net income                                                              $124,042

<em>Adjustment for Changes in Working Capital.</em>

Increase In Trade Receivables (61,370-45,427)    ($15,943)

Net Cash flow from Operating Activities              $108,099

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3 years ago
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3 years ago
What is product positioning?
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B. The number of days’ sales in receivables is calculated as average accounts receivable divided by average daily sales
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2 years ago
Kitchen Convenience Company manufactures two products - toaster ovens and bread machines. The following data are available:
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Answer:

Option (c) is correct.

Explanation:

Given that,

Bread Machines:

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Variable costs = $70

Production capacity = 2,000 machine hours per month

Contribution margin =  Selling price - Variable cost

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= Contribution margin × Unit per hour

= $90 × 4

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