Question
question 1 A - Royce Company uses the indirect method to determine their cash flow from operations, During the year they had net income =
question 1
A - Royce Company uses the indirect method to determine their cash flow from operations, During the year they had net income = 600. Also during the year, their Accounts Receivable increased by 68.....their Accounts Payable increased by 86....and their Inventory increased by 193. Based on this information, what is their cash flow from operating activities?
B- Accounts Receivable at the end of the year = 3,400 Accounts Receivable at the start of the year = 2,874 Sales Revenue for the year = 5,634....(All sales were credit sales)....There were no account receivable write offs during the year....The company uses the Direct Method of preparing their Cash Flow Statement....How much cash was collected from customers during the year?
C - Clevleand Company uses the Direct Method to compute their Cash Flow from Operations.... During the year they had Cost of Goods Sold of $1600... Their Accounts Payable at start of year = 274..............at the end of the year = 278 Their inventory at start of year = 140................at the end of the year = 157.....How much cash was paid to suppliers during the year?
D - Cash at start of year = 300....Cash at end of year = 434....Cash from investing activities was MINUS 808..Cash from financing activities was 335....What was cash from operating activities?
E - Harvard Company is in the grocery business......They give you the following information for the most recent year: Cash paid for Property, Plant, and Equipment (PPE)= 476
Cash received from the sale of PPE = 1,092 Cash paid to purchase marketable securities = 162 Cash used to purchase Treasury Stock (the company's own stock) = 74..
What was Harvard's cash flow from Investing activities?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started