Timberline Inc. had the following current accounts last year. ($000) In addition, the company had sales revenues
Question:
In addition, the company had sales revenues of $9,453,000 and costs and expenses (including interest and tax) of $7,580,000. Depreciation of $1,462,000 is included in the cost and expense figures. Construct a statement showing Timberlines Cash from Operating Activities section, including a detail of changes in balance sheetaccounts.
Transcribed Image Text:
Beginning Ending Beginning Ending Cash Accounts receivable 1,456 2,207 Accruals Inventory Current assets S 175 S 238 Accounts payable $205 $182 95 83 943 786 $2,574 $3,231 Current liabilities $300 $265
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Net Income is Revenue 9453 Less Costexpense 7580 Net Income 1873 Curren...View the full answer
Answered By
Seema kuldeep
although I don't have an experience of teaching in a particular institute, previously I was an expert on Chegg and I have used to teach my batch mates and also my juniors.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
The balance sheet of Castle Inc had the following balances at December 31 2016 Cash 15800 Accounts Receivable 22500 Accounts Payable 11500 Less Allowance for Doubtful Accounts 800 Owners Capital...
-
The manufacturing operations of R Eason, Inc had the following balances for the month of January: Reason transferred $ 220000 of completed goods out of work in process during January. Instructions:...
-
The section on cash from operating activities in the statement of cash flows for Marismo Services contained the following information: Operating Activities Net income .............. $260,000...
-
The inequality describes the range of monthly average temperatures T in degrees Fahrenheit at a certain location. (a) Solve the inequality. (b) If the high and low monthly average temperatures...
-
A data set has 66 observations and five predictor variables. Three models are being considered. One has all five predictors and the others are smaller. Below is residual error SS for all three...
-
What is the decision facing Oracle? For much of its 41-year history, Oracles sales force had focused on selling to chief information officers (CIOs) at the worlds largest corporations. This focus led...
-
Job performance under time pressure. Refer to the Academy of Management Journal (October 2015) study of how time pressure affects team job performance, Exercise 12.89 (p. 768). Recall that the...
-
BIB Corporation's capital structure consists of 250,000 shares of common stock. At December 31, 2011, an analysis of the accounts and discussions with company officials revealed the following...
-
Old MathJax webview Given Data: Note: See 'Part 1' for unadjusted trial balance a) Interest accrued on note in September b) Estimated useful life of office furniture (years), purchased Sept. 1, 2017...
-
Futuristic Phone Inc. (FPI) is contemplating whether to acquire the rights to Muewais highly anticipated wrappable mobile phone at a cost of $1.5 billion and develop a wrappable phone in-house at a...
-
The Waterford Wax Company had the following current account activity last year. a. Calculate and display the current account detail required for the Cash from Operating Activities section of the...
-
Fred Klein started his own business recently. He began by depositing $5,000 of his own money (equity) in a business account. Once hed done that his balance sheet was as follows. During the next...
-
Identify the null and alternate hypotheses for testing the claim that the proportion of college graduates who got a job within one month of graduation is greater than 0.4.
-
A company must decide between scrapping or reworking units that do not pass inspection. The company has 16,000 defective units that have already cost $132,000 to manufacture. The units can be sold as...
-
according to the phase rule, the triple point of a pure substance is A. invariant B. u nivariant C. bivariant D. none of the above
-
33. If the equipment in the previous question had sold for $15,000, the correct entry would be: a. Cash debit $15,000. Gain credit $3,000. $12,000 Equipment credit b. Cash debit $15,000. Debit a loss...
-
The banks play a central role in financial intermediation in New Zealand. 1.What is financial intermediation? Who performs it? and why is it important? 2.What is Qualitative Asset transformation...
-
Consider the following information attributed to the material management department Budgeted usage of materials - handling labor - hours 3,700 Budgeted cost pools: Fixed costs $166,500 Variable costs...
-
Stillwater Corporation was organized in January 2000. The state authorized 100.000 shares of no-par common stock and 50,000 shares of 10 percent, $\$ 20$ par, preferred stock. Record the following...
-
Consider the sections of two circuits illustrated above. Select True or False for all statements.After connecting a and b to a battery, the voltage across R1 always equals the voltage across R2.Rcd...
-
Find the sum of the first 10 odd positive integers.
-
Klints Inc. paid an annual dividend of $1.45 last year. The firms stock sells for $29.50 per share, and the company is expected to grow at about 4% per year into the foreseeable future. Estimate...
-
The Long-life Insurance Company of the preceding problem has several bonds outstanding that are currently selling to yield 9%. What does this imply about the cost of the firm's equity?
-
Explain the difference between a fixed and a variable cost. How do these concepts change as the time horizon lengthens? In other words, are the same things fixed over a 5-year planning period that...
-
A government bond matures in 30 years, makes semi-annual coupon payments of 6.0% ($120 per year) and offers a yield of 3.7% annually compounded. Assume face value is $1,000. Three years later the...
-
Your objective is: 1. Carry out a life insurance needs analysis, for each one of them (show your calculations) [30 Marks] 2. Refer to the case and the insurance plan quotes. Would you recommend...
-
TufStuff, Incorporated, sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company s products is a heavy - duty corrosion - resistant...
Study smarter with the SolutionInn App