All categories

2 years ago

The comparative balance sheets for 2021 and 2020 are given below for Surmise Company. Net income for 2021 was $88 million.

1 answer:

8 0

It can be deduced that the cash flow shows that the net cash provided by operating activities will be $58 million.

<h3>How to compute the statement of cash flow</h3>

Cash flow from operating activities

Net income = $54 million

Add: Depreciation $15 million.

Add: Bad debt = $6 million

Add: Amortization expense = $3

Changes in operating assets and liabilities

Decrease in account receivable = $4 million

Increase in inventory = ($9 million)

Increase in prepaid expense = ($2 million)

Decrease in account payable = ($10 million)

Decrease in accrued liability = ($3 million)

Net cash provided by operating activities = $58 million

In conclusion, the net cash provided by operating activities is $58 million.

Learn more about cash flow on:

brainly.com/question/735261

You might be interested in

What happens to the equilibrium price when supply goes down? A. The price goes up. B. The price goes down. C. The price stays th

Nady [450]

When supply goes down, the equilibrium price goes up. This is because if there is a smaller supply the good becomes more valuable to people who want the good.

4 0

3 years ago

Compare Franklin Roosevelts ( a democrat) actions concerning the economy in the 1930s with Ronald reagans (a republican) actions

steposvetlana [31]

Franklin Roosevelt's economic plans were to help the people by giving them things such as social security, lowering poverty rates, increasing wages and similar, while Ronald Regan's plan was to reduce tax rates so as to increase production and the overall wealth of the people. From this we might conclude that while Roosevelt wanted to help prevent poverty and help the people by through direct means, Regan wanted to help people by helping their employers who would in turn help their employees due to accumulated wealth.

4 0

2 years ago

The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales J

Mice21 [21]

TC Units

$64,500 (High) 2,470

} $30,700 } 2000

$33,800( Low) 470

VC per Unit = 30 700 ÷ 2000 = $15.35

when 470 units are sold,( substitute vc per unit = 15.35)

TC = FC + VC

33, 800 = FC + ( 15.35× 470)

FC = $ 26 586

4 0

2 years ago

Allen Lumber Company had earnings after taxes of $630,000 in the year 2009 with 370,000 shares outstanding on December 31, 2009.

Firdavs [7]

Answer:

$2.00

Explanation:

Since there was an increase of 30% from 2009, Allen Lumber Company's earnings after taxes for 2010 were:

$E= 1.30*\$630,000\\E=\$819,000$

The total number of shares in 2010 was:

$n=370,000+39,000\\n=409,000$

Earnings per share for 2010 are determined by dividing total earnings by the number of shares:

$E_S=\frac{\$819,000}{409,000}\\E_S=\$2.00$

Earnings per share for the year 2010 were $2.00.

3 0

3 years ago

Which of the following is true? Overhead costs are often affected by many issues and are frequently too complex to be explained

11111nata11111 [884]

Answer:

Overhead costs are often affected by many issues and are frequently too complex to be explained by any one factor.

Explanation:

An overhead cost is not directly defined, to be that of material, or labor, or any other unit, overhead include, many factors, electricity usage, machine hours usage, water usage, or the capacity utilization of machinery, and various other factors. Since its computation and allocation is not clear many a times, a single overhead like that of electricity, has many factors, ideal usage of electricity, or machine hours used in production or simply the total cost of overheads for that month or building or etc: and its utilization. In short, to conclude we can state that overhead costs are complex in nature.

All other options are false.

Final Answer

Overhead costs are often affected by many issues and are frequently too complex to be explained by any one factor.

8 0

2 years ago