In its 2021 statement of cash flows, how much should be reported as net cash provided (used) by operating activities?
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In its 2021 statement of cash flows, how much should be reported as net cash provided (used) by operating activities?( IF
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- In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts receivable, a 7,000 increase in inventory, an 8,000 increase in salaries payable, a 13,000 decrease in accounts payable, and 10,000 in depreciation expense. Using the indirect method, prepare the operating activities section of its statement of cash flows based on this information.Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectivelyDunn Company recognized a 5,000 unrealized holding gain on investment in Starbuckss long-term bonds during 2019. The company classified its investment as an available-for-sale security. How would this information be reported on a statement of cash flows prepared using the indirect method?
- In the current year, Harrisburg Corporation collected 100,000 from its customers and paid out 30,000 to suppliers, 20,000 to employees, and 8,000 for income taxes. Using the direct method, prepare the operating activities section of its statement of cash flows based on this information.Jordan Company recognized a 5,000 unrealized holding gain on investment in Starbuckss common stock during 2019. The company classified as equity investments. How would this information be reported in a statement of cash flows prepared using the indirect method?Selected information from Brook Corporations accounting records and financial statements for 2019 follows: On the statement of cash flows for the year ended December 31, 2019, Brook should disclose a net increase in cash in the amount of: a. 1,700,000 b. 2,400,000 c. 3,700,000 d. 4,200,000
- The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are expected to be 75% of sales, and depreciation is expected to be 1.5 million. All sales revenues will be collected in cash, and costs other than depreciation must be paid for during the year. Berndts federal-plus-state tax rate is 40%. Berndt has no debt. a. Set up an income statement. What is Berndts expected net income? Its expected net cash flow? b. Suppose Congress changed the tax laws so that Berndts depreciation expenses doubled. No changes in operations occurred. What would happen to reported profit and to net cash flow? c. Now suppose that Congress changed the tax laws such that, instead of doubling Berndts depreciation, it was reduced by 50%. How would profit and net cash flow be affected? d. If this were your company, would you prefer Congress to cause your depreciation expense to be doubled or halved? Why?ATC Corporation had the following data in 2021: Revenues were P8,000,000, operating expenses totalled P7,200,000 that included depreciation of P150,000 and intangible asset amortization of P20,000. The profit and loss also reported unrealized loss on equity investments at fair market value through profit or loss of P18,000 and gain on sale of equipment of P28,000. How much is the net cash flow from operating activities?During 2021, Raines Umbrella Corporation had sales of $830,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $575,000, $125,000, and $145,000, respectively. In addition, the company had an interest expense of $80,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) Suppose the company paid out $59,000 in cash dividends. If net capital spending and net working capital were both zero, and if no new stock was issued during the year, what is the net new long-term debt?
- Kensington Company, an SME, reported net income of P500,000 in 2021. Gain on sale of equipment was P90,000. The following working capital accounts changes: Accounts Receivables P110,000 increase Trading equity instrument 160,000 decrease Inventory 73,000 increase Non-Trade note payable 150,000 increase Accounts payable 122,000 increase Under the indirect method, what is the net cash provided by operating activities?Ramsay & Bell, Inc. had sales for 2019 of $180,000, and EBITDA was 36% of sales. Furthermore, depreciation was $8,400, interest was $5,760, the corporate tax rate was 21%, and the company pays 10% of its net income as dividends. Given this information and the balance sheets below, calculate the free cash flow for 2019. $24,556 $27,056 $28,556 $30,056 None of the above is within $100 of the correct answer.How much is the cash flow from operating activities from the following data of Majan Corporation for the year 2020: RO 000 Proceeds from sale of long-term investment RO 100 Issuance of capital stock RO 65 Depreciation expense RO 15 Operating profit RO 405 Purchase of plant assets RO 65 Decrease in inventories RO 150 Increase in accounts payable RO 150 Increase in accounts receivable RO 225 Retirement of bonds payable RO 75 Payment of cash dividends RO 130 Taxes paid RO 25 Gain on sale of fixed asset RO 40 a. RO 430 b. RO 455 c. RO 325 d. RO 495