Statement of Cash FlowsIndirect Method Refer to all of the facts in Problem 12-6A. Required 1. Prepare
Question:
Statement of Cash Flows—Indirect Method Refer to all of the facts in Problem 12-6A.
Required 1. Prepare a statement of cash flows for 2008 using the indirect method in the Operating Activities section.
2. On the basis of your statement in (1), draft a brief memo to the president to explain why cash increased during such an unprofitable year. Include in your memo your recommendations for improving the company’s bottom line.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting The Impact On Decision Makers
ISBN: 9780324655230
6th Edition
Authors: Gary A. Porter, Curtis L. Norton
Question Posted:
Students also viewed these Business questions
-
Refer to all of the facts in Problem 12-6. Required 1. Using the format in the chapters appendix, prepare a statement of cash flows work sheet. 2. Prepare a statement of cash flows for 2014 using the...
-
Refer to all of the facts in Problem 12-6A. Required 1. Using the format in the chapters appendix, prepare a statement of cash flows work sheet. 2. Prepare a statement of cash flows for 2014 using...
-
Refer to all of the facts in Problem 12-6. Required 1. Prepare a statement of cash flows for 2014 using the indirect method in the Operating Activities section. 2. On the basis of your statement in...
-
Okay Optical, Inc., (OOI) began operations in January 2013, selling inexpensive sunglasses to large retailers like Walgreens and other smaller stores. Assume the following transactions occurred...
-
Use the Transfer Function block to construct a Simulink model to plot the solution of the following equation for 0 t 4. 2 + I2 + 10x2 = 5us(t) - 5us(t - 2) x(0) = (0) = 0
-
Tri-City Ironworks Co. reported $44,500,000 for equipment and $29,800,000 for accumulated depreciationequipment on its balance sheet. Does this mean (a) That the replacement cost of the equipment is...
-
Individual products, each of a significant value, produced simultaneously from the same raw material are known as (a) By-products (b) Joint products (c) Main products (d) Co-products
-
A sample containing years to maturity and yield (percent) for 40 corporate bonds are contained in the data file named CorporateBonds (Barrons, April 2, 2012). a. Develop a scatter chart of the data...
-
Which of the following most closely approximates what the project s net present value ( NPV ) would be under the new tax law? ( Hint: Round your final answer to two decimal places and choose the...
-
Statement of Cash Flows Using a Work SheetIndirect Method (Appendix) Refer to all of the facts in Problem 12-6A. Required 1. Using the format in the chapters appendix, prepare a statement of cash...
-
Statement of Cash FlowsDirect Method The income statement for Pluto Inc. for 2008 is as follows: Other information is as follows: a. Dividends of $84,000 were declared and paid during the year. b....
-
What purpose is served by a pretrial conference?
-
Use as many directional terms as possible to describe therelationshipbetween: a. the antecubital region and the poplitealregion b. the acromial region and the mentalregion c. the gluteal region and...
-
Average rate of return-cost savings Maui Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $114,000 with a $10,000 residual value...
-
Alan was rated as excellent on his individual work performance evaluation, earning him $2,000, provided as a merit pay increase. His annual salary this year is $48,000. He works in a team of 3...
-
Josie spends $60 at the end of each month on cigarettes. If shestops smoking and invests the same amount in an investment planpaying 6% compounded monthly, how much will she have after fiveyears? 2...
-
Say we have a Boeing 747 whose longitudinal flight dynamics for a given flight condition may be approximated using the following state equation (uncontrolled motion; thus no need to consider the...
-
On April 1, 2013, John Vaughn purchased appliances from the Acme Appliance Company for $1,200. In order to increase sales, Acme allows customers to pay in installments and will defer any payments for...
-
When is the indirect pattern appropriate, and what are the benefits of using it?
-
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2...
-
Prepare the adjusting journal entries and Post the adjusting journal entries to the T-accounts and adjust the trial balance. Dresser paid the interest due on the Bonds Payable on January 1. Dresser...
-
Venneman Company produces a product that requires 7 standard pounds per unit. The standard price is $11.50 per pound. If 3,900 units required 28,400 pounds, which were purchased at $10.92 per pound,...
Study smarter with the SolutionInn App