Write a cash flow for this income statement Genuises School Income Statement For year ended June 30,2025 Profits & Loss Yearly Total Revenues Tuition Fees (Books+Resources+Uniform) Fees 829,500 OMR 693,000 OMR 136,000 OMR Less cost of Revenues Website & software Science Lab resources Library resources IT Lab Resources Offices Furniture IB License 400,000 OMR Gross Profit 429,000 OMR Less Expenses Salaries 184,800 OMR Advertising & marketing 1000 OMR Utilities(Electricity,Water,Internet service &Telephone Bill) 2400 OMR Loan Payments 12,000 OMR Rent expense+accamodation 60,000 OMR Repair & Maintenance 500 OMR Stationary & Printing 500 OMR Petrol 960 OMR Software 1000 OMR Insurance 4800 OMR Total expenses 267,000OMR Net Profit (Net Income) 162,000 OMR

Write a cash flow for this income statement Genuises School Income Statement For year ended June 30,2025 Profits & Loss Yearly Total Revenues Tuition Fees (Books+Resources+Uniform) Fees 829,500 OMR 693,000 OMR 136,000 OMR Less cost of Revenues Website & software Science Lab resources Library resources IT Lab Resources Offices Furniture IB License 400,000 OMR Gross Profit 429,000 OMR Less Expenses Salaries 184,800 OMR Advertising & marketing 1000 OMR Utilities(Electricity,Water,Internet service &Telephone Bill) 2400 OMR Loan Payments 12,000 OMR Rent expense+accamodation 60,000 OMR Repair & Maintenance 500 OMR Stationary & Printing 500 OMR Petrol 960 OMR Software 1000 OMR Insurance 4800 OMR Total expenses 267,000OMR Net Profit (Net Income) 162,000 OMR

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 41E: Determining Cash Flows from Investing Activities Burns Companys 2019 and 2018 balance sheets...

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Determining Cash Flows from Investing Activities Burns Companys 2019 and 2018 balance sheets presented the following data for equipment: During 2019, equipment costing $41,000 with accumulated depreciation of $36,700 was sold for cash, producing a $3,200 gain. Required: 1. Calculate the amount of depreciation expense for 2019. 2. Calculate the amount of cash spent for equipment during 2019. 3. Calculate the amount that should be included as a cash inflow from the disposal of equipment.
UTV Corp. have the following account balances for the year ended December 31, 2020:DEBIT BALANCESAmountCash and cash equivalents400,000Accounts receivable900,000Raw materials560,000Goods in process600,000Finished goods1,400,000Financial assets at FVOCI2,500,000Sinking fund200,000Land1,000,000Building6,000,000Plant and equipment2,400,000Patent800,000Goodwill1,400,000Unrealized loss – FVOCI100,000Prepaid benefit cost20,000Treasury shares at cost250,000TOTAL18,530,000 CREDIT BALANCESAmountBank overdraft100,000Due from an officer50,000Allowance for bad debts40,000Accumulated depreciation – building1,600,000Accumulated depreciation – plant and equipment400,000Notes payable, due June 30, 20211,300,000Notes payable, due June 30, 20222,100,000Accounts payable1,000,000Provision180,000Warranty liabilities80,000Income tax payable120,000Finance lease liability180,000Deferred tax liability280,000Actuarial gain300,000Revaluation surplus360,000Share capital6,000,000Share premium2,000,000Retained…
Use the information provided below to prepare the Cash Flow Statement of HarmonyLimited for the year ended 31 December 2020.INFORMATIONThe information provided below was extracted from the accounting records of Harmony Limited on 31 December 2020:Harmony LimitedExtract of Statement of Comprehensive Income for the year ended 31 December 2020RSales 6 600 000Cost of sales (3 900 000)Gross profit 2 700 000Operating expenses (1 710 000)Selling and administrative expenses 1 260 000Depreciation 450 000Operating profit 990 000Interest expense (270 000)Profit before tax 720 000Company tax (240 000)Profit after tax 480 000Extract of Statement of Changes in Equity for the year ended 31 December 2020RetainedearningsRBalance on 01 January 2020 1 500 000Profit after tax 480 000Dividends paid and proposed in 2020 (180 000)Balance on 31 December 2020 1 800 000Balances extracted from the Statement of Financial Position as at 31 December:2020 2019R RPlant and equipment 3 750 000 3 000 000Investments 210…
Consider the following financial information and answer the questions that follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:i) Calculate the operating cash flow ii) Calculate the cash flow to creditorsiii) Calculate the cash flow to shareholdersiv) Calculate the cash flow from assetsv) Calculate net capital spendingvi) Calculate change in NWC
Refer to the financial statements of The Home Depot in Appendix A at the end of this book, ordownload the annual report from the Cases section in the Connect library.Required:1. Which of the two basic reporting approaches for the cash flows from operating activities didThe Home Depot use?a. Direct b. Indirect2. What amount of income tax payments did The Home Depot make during the year endedFebruary 2, 2014?a. $639 million c. $3,082 millionb. $2,839 million d. $12 million3. In the fiscal year ended February 2, 2014, The Home Depot generated $7,628 millionfrom operating activities. Indicate where this cash was spent by listing the two largest cashoutflows.a. Amortization ($1,757 million) and Capital Expenditures ($1,389 million)b. Share Repurchase ($8,546 million) and Capital Expenditures ($1,389 million)c. Amortization ($1,757 million) and Share Repurchase ($8,546 million)d. Dividends ($2,243 million) and Share Repurchase ($8,546 million)
Consider the following financial information and answer the questions that follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:iv) Calculate the cash flow from assetsv) Calculate net capital spendingvi) Calculate change in NWC
Prepare the Pro-Forma Statement of Financial Position for the year ending 31 December 2023 INFORMATIONSibiya ProjectsStatement of Comprehensive Income for the year ended 31 December 2022 RSales 10 000 000Cost of sales (5 750 000)Gross profit 4 250 000Variable, selling and administrative costs (1 500 000)Fixed selling and administrative costs (500 000)Net profit 2 250 000 Statement of Financial Position for the year ended 31 December 2022ASSETS RNon-current assets 800 000Property, plant and equipment 800 000 Current assets 3 400 000Inventories 1 600 000Accounts receivable 600 000Cash 1 200 000TOTAL ASSETS 4 200 000 EQUITY AND LIABILITIESEquity 3 760 000 Current liabilities 440 000Accounts payable 440 000TOTAL ASSETS AND LIABILITIES 4 200 000 Additional informationA. The sales budget for 2023 is as follows:First Quarter Second Quarter Third Quarter Fourth QuarterR2 625 000 R2 750 000 R2 875 000 R2 750 000 B. 90% of sales is collected in the quarter of the sale and 10% in the quarter…
Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:i) Calculate the operating cash flow ii) Calculate the cash flow to creditors iii) Calculate the cash flow to shareholders iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWC PLEASE SHOW WORKING
Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:i) Calculate the operating cash flow ii) Calculate the cash flow to creditors iii) Calculate the cash flow to shareholders iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWC
Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:i) Calculate the operating cash flow ii) Calculate the cash flow to creditorsiii) Calculate the cash flow to shareholders
Use the information provided below to prepare the Cash Flow Statement of Umhlali Limited for the year ended 31 December 2020.INFORMATIONThe following Information was extracted from the records of Umhlali Limited for the past two years:STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER:2020 (R)2019 (R)Sales1 856 0001 200 000Cost of sales(1 280 000)(750 000)Gross profit576 000450 000Operating expenses(291 200)(212 000)Depreciation30 00026 000Other operating expenses261 200186 000Operating profit284 800238 000Interest on mortgage loan(24 000)(72 000)Profit before tax260 800166 000Company tax(90 240)(58 100)Profit after tax170 560107 900vmcInformation extracted from the Statement of Financial Position for the past two years:STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER:2020 (R)2019 (R)ASSETSNon-current assets2 464 1602 444 000Fixed assets2 464 1602 444 000Current assets356 000336 000Inventories (all Trading inventory)120 000250 000Accounts receivable40 00064 000Cash &…
Determine the cash fixed costs which are used when calculating EBDAT:Administrative expenses = $100, 000; Rent expenses = $70,000;Depreciation expenses = $50,000; and Interest expenses = $20,000

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Genuises School
Income Statement
For year ended June 30,2025
Profits & Loss	Yearly Total
Revenues Tuition Fees (Books+Resources+Uniform) Fees	829,500 OMR 693,000 OMR 136,000 OMR
Less cost of Revenues Website & software Science Lab resources Library resources IT Lab Resources Offices Furniture IB License	400,000 OMR
Gross Profit	429,000 OMR
Less Expenses
Salaries	184,800 OMR
Advertising & marketing	1000 OMR
Utilities(Electricity,Water,Internet service &Telephone Bill)	2400 OMR
Loan Payments	12,000 OMR
Rent expense+accamodation	60,000 OMR
Repair & Maintenance	500 OMR
Stationary & Printing	500 OMR
Petrol	960 OMR
Software	1000 OMR
Insurance	4800 OMR
Total expenses	267,000OMR
Net Profit (Net Income)	162,000 OMR