Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 08, 2024

Why profit on P&L (Income) statement often doesn't equate to net cash inflow?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The profit on the income statement often referred to as the net income or net profit and the net cas... blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Financial Accounting and Reporting

Authors: Barry Elliott, Jamie Elliott

14th Edition

978-0273744535, 273744445, 273744534, 978-0273744443

More Books

Students also viewed these Accounting questions

Question

★★★★★

The statements of financial position, cash flows, income and movements of non-current assets of Dragon plc for the year ended 30 September 20X6 are set out below: (i) Statement of financial position...

Answered: 1 week ago

Question

★★★★★

Emily Jackson (Social Security number 765-12-4326) and James Stewart (Social Security number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The partnership's first...

Answered: 1 week ago

Question

★★★★★

BACKGROUND You are an information analyst working for NEE. The company president has asked you to prepare a Quantitative analysis of financial, sales, and operations data to help determine which...

Answered: 1 week ago

Question

★★★★★

a. If hoe = 20S at IC = 1 mA of Fig. 5.124, what is the approximate value of h" at lC = 10 mA? b. Determine its resistive value at 10 mA and compare to a resistive load of 6.8 k. Is it a good...

Answered: 1 week ago

Question

★★★★★

BBG Corporation manufactures a synthetic element, pixie dust. Management was surprised to learn that income before taxes had dropped even though the sales volume had increased. Steps had been taken...

Answered: 1 week ago

Question

★★★★★

In Exercises 3336, write each matrix equation as a system of linear equations without matrices. -1 0 0 01 -1 -1 0 y 11 Z X -4 2 4

Answered: 1 week ago

Question

★★★★★

2. Both students and teachers work harder and persist longer when they have a high sense of efficacy. Which of the following does not enhance self-efficacy in both students and teachers? A. Formal...

Answered: 1 week ago

Question

★★★★★

Seth Feye established Reliance Financial Services on July 1, 2019. Reliance Financial Services offers financial planning advice to its clients. The effect of each transaction and the balances after...

Answered: 1 week ago

Question

★★★★★

Royalty Income Some years ago, Lindsey wrote a book entitled Understanding your Legal Rights", which retails for sale at most good Brisbane book retailers for $29.95. For each book sold, Lindsey...

Answered: 1 week ago

Question

★★★★★

Cell Therapy, Inc. has a cost of capital of 9%, and it has a project with the following cash flows. What is the NPV of this project? Year Net Cash Flow Cell Therapy, Inc. Cash Flows 0 -100,000 1...

Answered: 1 week ago

Question

★★★★★

Mazoon Company's variable costs are 70% of the selling price and its fixed costs are $80,000. To realize profits of $20,000 from sales of 60,000 units, using the CVP equation, what would be the...

Answered: 1 week ago

Question

★★★★★

A 6 in. sch 40 pipeline carries a petroleum fraction (viscosity $15 \mathrm{cP}, \mathrm{SG} 0.85$ ) at a velocity of $7.5 \mathrm{ft} / \mathrm{s}$, from a storage tank at $1 \mathrm{~atm}$ pressure...

Answered: 1 week ago

Question

★★★★★

A 2 in. sch 40 pipe carries $\mathrm{SAE} 10$ lube oil at $100^{\circ} \mathrm{F}(\mathrm{SG}=0.928)$. The flow rate may be as high as $55 \mathrm{gpm}$, and you must select an orifice meter to...

Answered: 1 week ago

Question

★★★★★

Two items both have reorder points with service levels of 99%. One of the items is ordered 10 times a year, and the other item is ordered 20 times a year. Do these two items have the same overall...

Answered: 1 week ago

Question

★★★★★

(a) Find one more nonzero term for each of the solutions y 1 (x) and y 2 (x) in Example 8. (b) Find a series solution y(x) of the initial-value problem y'' + (cos x)y = 0, y(0) = 1, y'(0) = 1. (c)...

Answered: 1 week ago

Question

★★★★★

Draw a schematic diagram of I.C. engines and name the parts.

Answered: 1 week ago

Question

★★★★★

Sally Reynolds sells real estate along the coastal area of Northern California. Following are her total annual commissions between 2012 and 2022. Click here for the Excel Data Flle Find the mean,...

Answered: 1 week ago

Question

★★★★★

Using (1) or (2), find L(f) if f(t) if equals: t cos 4t

Answered: 1 week ago

Question

★★★★★

Kathryn Kathryn plc, a listed company, provides a defined benefit pension for its staff, the details of which are given below. Pension scheme As at the 30 April 2004, actuaries valued the companys...

Answered: 1 week ago

Question

★★★★★

David Mark is a sole trader who owns and operates supermarkets in each of three villages near Ousby. He has drafted his own accounts for the year ended 31 May 20X4 for each of the branches. They are...

Answered: 1 week ago

Question

★★★★★

Delta Ltd has been developing a lightweight automated wheelchair. The research costs written off have been far greater than originally estimated and the equity and preference capital has been eroded...

Answered: 1 week ago

Question

★★★★★

Foster Company reported the following items in its statement of cash flows presented using the indirect method. a. Interest paid on long-term note payable b. Proceeds from sale of building c....

Answered: 1 week ago

Question

★★★★★

Information for Ditka Inc. and McMahon Company is given below: Required: 1. Compute Ditka's and McMahon's free cash flow and cash flow adequacy ratio. 2. What information do these cash-based...

Answered: 1 week ago

Question

★★★★★

Presented below are selected balance sheet information and the income statement for Burch Company. Selected Balance Sheet Information Burch Company Income Statement For the year ended December 31,...

Answered: 1 week ago

Previous Question Next Question