9.X Company made an operating profit of$185,500 after charging depreciation of$31,200. During that year, trade payablesincreased by $26,600 and inventorydecreased by $40,300. There was nochange to trade receivables. Assuming thatno other factors affected it, the cashgenerated from operations would havebeen:O a) $203,000.O b) $230,400.c) $283,600.d) $149,800.

Cash flow from operating activities includes activity related to cash inflow or outflow from normal…

Answered: 9.X Company made an operating profit of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Oak Ltd has operating profit for the year ended 30 June 2021 of £20,900, after charging depreciation of £2,500, exceptional expenses of £5,000 and making a profit on the disposal of a machine of £2,000. The balance sheet shows the following changes over the year:Trade receivables: increase by £2,500Inventories: increase by £2,700Trade payables: decrease by £3,000What is the net cash from operating activities?a) £25,900b) £13,200c) £28,400d) £18,700
Penketh Ltd has operating profit for the year ended 30 June 2021 of £20,900, after charging depreciation of £2,500, exceptional expenses of £5,000 and making a profit on the disposal of a machine of £2,000. The balance sheet shows the following changes over the year: Trade receivables: increase by £2,500 Inventories: increase by £2,700Trade payables: decrease by £3,000 What is the net cash from operating activities? a) £25,900 b) £13,200 c) £28,400 d) £18,700
A Co made a profit for the year of $18,750, after accounting for depreciation of $1,250. During the year, non-current assets were purchased for $8,000, receivables increased by $1,000, inventories decreased by $1,800 and payables increased by $350. What was A Co’s increase in cash and bank balances during the year? A $10,650 B $10,850 C $12,450 D $13,150
A company had net income of $248160. Depreciation expense is $22880. During the year, accounts receivable and inventory increased $13200 and $35200, respectively. Prepaid expenses and accounts payable decreased $1760 and $12320, respectively. There was also a loss on the sale of equipment of $14960. How much cash was provided by operating activities? $212080. $298320. $227040. $279840.
The following information is provided about PT Caltex: - Revenue from operations IDR 430,000,000 - Loss on the decrease in inventory Rp.12,000,000 - Sales Expense IDR 62,000,000 - Interest expense of IDR 20,000,000 - The tax rate is 30% Then the profit of PT Caltex is.... a. IDR 287,000,000 b. IDR 410,000,000 c. IDR 430,000,000 d. IDR 250,000,000 Do not give answer in image
The following information is provided for the current year: Profit for the period P1,500,000; Depreciation expense 400,000; Increase in accounts receivable 300,000. There are no other reconciliation items. The cash from operating activities for the period is P2,000,000 P1,800,000 P1,200,000 P1,000,000
Dune Ltd has operating profit for the year ended 30 June 2021 of £56,300, after chargingdepreciation of £18,500 and making a profit on the disposal of a car of £1,000. The balance sheetshows the following:2020 2021 £ £Inventory 8,500 13,200Trade Receivables 17,000 15,500Trade Payables 12,600 14,200What is the net cash from operating activities?a) £71,200b) £72,200c) £78,100d) £77,100
Caterpillar Corporation paid $23,000 in dividends and $39,700 in interest over the past year. Sales totaled $178,900 with costs of $99,300. The depreciation expense was $13,200. The applicable tax rate is 35 percent. What is the amount of Cash Flow from Operating Activities, CFOA? A) 61,655 B) 47,255 C) 68,345 D) 30,555 E) 70,255
Marigold Corp. had net income of $694200 for the year ending 12/31/2022. Depreciation expense for 2022 is $85800. During the year, accounts receivable and inventory increased $46800 and $124800, respectively. Prepaid expenses and accounts payable decreased $6240 and $12480, respectively. There was also a loss on the sale of equipment of $9360. How much cash was provided by operating activities in 2022? $611520. $592800. $842400. $879840.
Alpha limited has the following events for the current year . Revenues $10,000 Cost of goods sold $3,50,000 Depreciation $400,000 Interest paid $1,50,000 Calculate the net profit and select the correct amount from below .Assume that none of the relevant transactions are based on credit . a)$1,000,000 b)$ 900,000 c) $500,000 d) 250,000
Redhouse & Associates , LLP has net income of $49,000 and the following related items : Depreciation expense : $5,000 Accounts receivable increase : $2,000 Inventory decrease : $ 12,000 Accounts payable decrease : $4,000 Using the indirect method , calculate Redhouse & Associates ' net cash provided by operating activities . $44,000 None of the listed choices are correct $ 40,000 $ 60,000 $48,000
Assume a company had net income of $61,000. It provided the following excerpts from its balance sheet: This Year Last Year Current assets: Accounts receivable $ 46,000 $ 46,000 Inventory $ 53,000 $ 53,000 Current liabilities: Accounts payable $ 44,000 $ 49,000 Income taxes payable $ 10,000 $ 14,000 If the company did not sell any noncurrent assets during the period and its depreciation charges for the period were $21,000, then based solely on the information provided, the net cash provided by operating activities would be: Multiple Choice $49,000. $31,000. $73,000. $91,000.

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS