Cash Flow from Operating Activities: $Cash Collected from CustomersCash Payments: $To Suppliers of Inventory To Vendors for Operating Expenses I just need the anwser for "To Vendors for operating expenses" and explaination please? I already had a tutor do the rest of the problem expect for this section. Please read problem below: se the following excerpts from Victrolia Company’s financial information. 2018 Income Statment Balance Sheets Sales $455,000 Cost of Goods Sold (221,500) Operating Expenses, other than Depreciation Expense (58,600) Depreciation Expense (20,000) Gain on Sale of Plant Assets 23,500 Net Income $178,400 Dec. 31,2018 Cash $329,450 Accounts Receivable 39,750 Inventory 31,000 Accounts Payable 17,550 Accured Liabilities 3,500 Dec. 31, 2017 Cash $133,500 Accounts Receivable 36,500 Inventory 35,000 Accounts Payable 19,550 Accured Liabilities 2,200 Additional Information: Plant assets were sold for $45,000; book value $16,500 Dividends of $24,000 were declared and paid Prepare a statement of cash flows (direct method) for the year 2018. Use the minus sign to indicate cash out flows, a decrease in cash or cash payments.
Cash Flow from Operating Activities: $Cash Collected from CustomersCash Payments: $To Suppliers of Inventory To Vendors for Operating Expenses I just need the anwser for "To Vendors for operating expenses" and explaination please? I already had a tutor do the rest of the problem expect for this section. Please read problem below: se the following excerpts from Victrolia Company’s financial information. 2018 Income Statment Balance Sheets Sales $455,000 Cost of Goods Sold (221,500) Operating Expenses, other than Depreciation Expense (58,600) Depreciation Expense (20,000) Gain on Sale of Plant Assets 23,500 Net Income $178,400 Dec. 31,2018 Cash $329,450 Accounts Receivable 39,750 Inventory 31,000 Accounts Payable 17,550 Accured Liabilities 3,500 Dec. 31, 2017 Cash $133,500 Accounts Receivable 36,500 Inventory 35,000 Accounts Payable 19,550 Accured Liabilities 2,200 Additional Information: Plant assets were sold for $45,000; book value $16,500 Dividends of $24,000 were declared and paid Prepare a statement of cash flows (direct method) for the year 2018. Use the minus sign to indicate cash out flows, a decrease in cash or cash payments.
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter6: Statement Of Cash Flows
Section: Chapter Questions
Problem 16E
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Cash Flow from Operating Activities:
|
I just need the anwser for "To Vendors for operating expenses" and explaination please? I already had a tutor do the rest of the problem expect for this section. Please read problem below:
se the following excerpts from Victrolia Company’s financial information.
2018 Income Statment | Balance Sheets | ||
Sales | $455,000 | ||
Cost of Goods Sold | (221,500) | ||
Operating Expenses, other than |
(58,600) | ||
Depreciation Expense | (20,000) | ||
Gain on Sale of Plant Assets | 23,500 | ||
Net Income | $178,400 | ||
Dec. 31,2018 | |||
Cash | $329,450 | ||
39,750 | |||
Inventory | 31,000 | ||
Accounts Payable | 17,550 | ||
Accured Liabilities | 3,500 | ||
Dec. 31, 2017 | |||
Cash | $133,500 | ||
Accounts Receivable | 36,500 | ||
Inventory | 35,000 | ||
Accounts Payable | 19,550 | ||
Accured Liabilities | 2,200 | ||
Additional Information: | |||
Plant assets were sold for $45,000; book value $16,500 | |||
Dividends of $24,000 were declared and paid |
Prepare a statement of cash flows (direct method) for the year 2018. Use the minus sign to indicate cash out flows, a decrease in cash or cash payments.
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