Why is a decrease in inventory shown as an increase in cash when computing cash flow from operations? Why is a decrease in inventory shown as an increase

Q: A company has budgeted sales for January and February of 20,000 and 25,000 units, respectively. The ...

A: Given the following information: Budgeted sales for January: 20,000 units Budgeted sales for Februa...

Q: On April 1, a company provides services to one of its customers for $18,000. As payment for the serv...

A: The journal entries are prepared to keep the record of day to day transactions of the business. 

Q: Case 1: You are engaged to examine the financial statements of F4 Incorporated, which has its own co...

A: Internal control:   It is a process designed by the management team to achieve the objectives like t...

Q: The following is the trial balance for Amelina Sdn. Bhd. as at 31 December 2020 Additional inform...

A: Depreciation  = Cost of Asset  × Rate 

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A: In first in first out (FIFO) method, the inventory purchased first is sold first. The inventory rema...

Q: Please explain step by step

A: 1. Annual Contribution = Employee   contribution + Employer contribution  = 15700 + 1570  = $17270  

Q: Weighted Average Cost Flow Method Under Periodic Inventory System The following units of a particula...

A: The weighted average cost is calculated after the purchase made.   Weighted average cost = Total cos...

Q: On December 31, 2017, Dow Corporation had 600,000 shares of common stock and 300,000 shares of 8%, n...

A: SOLUTION- Given information is:   Net Income = $21,00,000   Dividend to preference shareholders = $7...

Q: plz solve !!???

A: Balance sheet is prepared to measure the amount of assets, liabilities and capital pertaining to the...

Q: You are given the following information for Bowie Pizza Co. Sales = $64,000; Costs = $30,700, Additi...

A: Given the following information: Sales: $64,000 Costs: $30,700 Addition to retained earnings: $5,70...

Q: Two of the business organizational forms your book talks about are limited liability company (LLC) a...

A: limited liability company - It is a company wherein if any debt arises of the business then the prop...

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A: Fraud is described an action which is performed to take any undue advantage from the action. It is a...

Q: PROBLEM 8: On December 31, 2015, Park Bo Gum Co. sold used equipment with a carrying amount of P2,00...

A: Notes receivable are the asset of the firm where a borrower gives a written promise to lender to pay...

Q: Disadvantage of institutional based correction

A: Following is the answer to the given question 

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A: Given that: Current Rent = $1580 per month Estimation increase = 5% every year

Q: Sanchez Company reported the following accounts on December 31, 2020: Cash on hand 1,000,000 Pett...

A:

Q: Cottler Ltd. has current. assets equal to $4.5 million. The company's current ratio is 1.25, and its...

A: Current ratio and quick ratio shows the position of liquidity of an entity.

Q: Suggest Four reasons why there might be difference between the balance on the receivable ledger cont...

A:  A control account is a general ledger that contains a single debit or credit balance which is the s...

Q: Weam Oil Company uses successful cost approach acquired the following lease: Acres Туре Significant ...

A: Weam Oil Company's Lease B consists of 1000 acres Bonus per acre = $50  Total lease bonus = number o...

Q: Please help with questions (a) (b) and (c)

A: An equivalent unit of production is an expression of the amount of work done by a manufacturer on un...

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A:   An accounting information system is a software which is used to -  Collect Store Process Retrieve ...

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A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This bra...

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A: A company which, Is not restricting the share transfer rights Not limiting its no. of members &...

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A: The future value of an annuity is the total value of annuity payments at a certain point in the futu...

Q: Computing Gross Profit The following data were taken from the accounts of Fluter Hardware, a small r...

A: Net sales = Sales - Sales returns and allowances - Sales discounts Net Purchase = Sales - purchase r...

Q: The adjusted trial balance for Waterway Industries at the end of the current year, 2021, contained t...

A: Liabilities other than the current liabilities are called long-term liabilities.

Q: (i) Stock was acquired at sh.29 per unit, throughout the current year, until the last purchase (whic...

A: Principles of accounting are the rules and regulations that must be pursued by an organization when ...

Q: 3. Define Economic Profit and Accounting Profit.

A: Economic Profit - Economic profit is similar to accounting profit, but it includes opportunity costs...

Q: The following is a list of activities that companies perform in relation to their receivables.Match ...

A: An organisation whose motive is to procure income  through selling goods & services to the custo...

Q: On December 31, it was estimated that a goodwill of $1,500,000was impaired. I addition       on Octo...

A:     Date General, Journal Debit Credit 31-Dec Loss from impaired Goodwill  $1,500,000         ...

Q: Strategy, balanced scorecard, service company. Compton Associates is an architectural firm that has ...

A: C associates’ strategy is cost leadership because they are trying to attract and grab the customers ...

Q: Taylor Construction Inc. signed a contract with FSU to build a student residential building with two...

A: Accounting is a process of recording transactions and preparing financial statements of the firm. It...

Q: On March 3, Vaughn Manufacturing sells $723,600 of its receivables to Western Factors Inc. Western F...

A: Journal entry: This is the first step to record accounts. It is written in the same order in which t...

Q: Please answer.upvote for sure

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you. ...

Q: Bramble Corp. uses the lower-of-cost-or-net realizable value basis for its inventory. The following ...

A: Closing inventory: It is the amount of inventory that remains with the company at the end of the acc...

Q: Blossom Company sponsors a defined benefit pension plan for its employees. The following data relate...

A: Pension worksheet is prepared by the companies for the recording of information related to the pensi...

Q: Please answer part iv Tools & More uses three departments to produce plastic handles for screwdr...

A: Process costing is a method of cost accounting, which is used where there is continuous production a...

Q: ABC Inc.'s accounting records disclose the followi Accounts receivable, January 1, 2021 Allowance fo...

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If y...

Q: A company using a perpetual inventory system that returns goods previously purchased on credit would...

A: A company using a perpetual inventory system that returns goods previously purchased on credit would...

Q: 12.1 pg. 219-220 Find the monthly payment for each loan below. Remember to assume monthly compoundin...

A: Laon amortization schedule means where repayment during the life of loan is written with interest. H...

Q: Retirement Mr. Lawrence invests $600 at the end ofeach month in an account that pays 7%, compoundedm...

A: Future value: It can be defined as the value of an investment or any asset at a specified future dat...

Q: I. Journalize the transactions and post the transactions to the T-account. Use the Journal and Ledge...

A: Journal is the First step of recording financial transactions in a systematic manner. After Journal ...

Q: The following situation applies to ABC Co. The company’s Financial Department asks Barclays bank a $...

A: Cash Budget is the estimated cash inflows and outflows during a particular period of time.  It is pr...

Q: A bank loan of $800,000 was obtained byPWP Ltd on 1 August 2020 to purchase itsbusiness office, ware...

A: While calculating the deduction as tax expense, it is to be determined that the expense is tax deduc...

Q: 1. Suppose you want to buy 10,000 shares of MegaWorld Corporation at a price of 4.00. You put up P10...

A: The Numerical has covered the concept of Margin. The Margin is calculated by using the following for...

Q: Select Ltd is registered with an authorised share capital of 300,000 ordinary shares of Ksh.1. The f...

A: Balance sheet and profit and loss(p/l) account are prepared to interpret the financial position of t...

Q: Accounting Question

A: Under the cost accounting principle, whenever the estimated overheads exceed the actual overheads it...

Q: Lamis Oil Company, uses successful cost approach, acquired the following lease: Acres 5,000 5,000 30...

A: The following calculations are done for Lamis Oil Company.

Q: Please answer.it would really help.upvote confirm

A: 1) In the given problem, a good division would mention that every relative would be entitled to indu...

Q: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding...

A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the so...