How to get following answers right using equations and calculator (no excel) 27.
ID: 2766061 • Letter: H
Question
How to get following answers right using equations and calculator (no excel)
27.
If net income in 2012 = $710 , and if the following changes occur between 2011 and 2012, compute Net Cash Flow from Operating Activities for 2012:
Accounts receivable change from $111 to $202
Gross fixed assets change from $1324 to $1651
Accruals change from $210 to $372
Inventory changes from $280 to $304
Retained earnings changes from $8243 to $8321
Accounts payable change from $183 to $197
Accumulated depreciation changes from ($400) to ($500)
Record your answer as a whole number but do not include a dollar sign or commas. If your answer is negative, put a minus sign before your number with no space between the sign and the number.
Answer:
(871)
28.
If net fixed assets in 2011 = $ 21,335 , if net fixed assets in 2012 = $27,870 , if depreciation on the 2011 income statement is $707 and if depreciation on the 2012 income statement is $889 , what would be Net Cash Flow from Investing Activities on the 2012 statement of cash flows (if these were the only long term account changes for the company)?
Enter your answer without a dollar sign and without commas. Also, since NCF from Investing Activities is ALWAYS (in FI 3300) as cash outflow, be sure to put a negative sign before your answer with no space between the sign and the number.
Answer:
(871)
28.
If net fixed assets in 2011 = $ 21,335 , if net fixed assets in 2012 = $27,870 , if depreciation on the 2011 income statement is $707 and if depreciation on the 2012 income statement is $889 , what would be Net Cash Flow from Investing Activities on the 2012 statement of cash flows (if these were the only long term account changes for the company)?
Enter your answer without a dollar sign and without commas. Also, since NCF from Investing Activities is ALWAYS (in FI 3300) as cash outflow, be sure to put a negative sign before your answer with no space between the sign and the number.
Answer:
(-7,424)Explanation / Answer
Answer:
Statement of Cash Flows In $ 2012 Cash flows from operating activities Net income 710 Adjustments for: Depreciation (200-100) 100.00 Investment income - Interest expense - Profit / (Loss) on the sale of property, plant & equipment - Working capital changes: (Increase) / Decrease in trade and other receivables(202-111) (91.00) (Increase) / Decrease in inventories (304-280) (24.00) Increase / (Decrease) in trade payables (197-183) 14.00 Increase / (Decrease) in accruals (372-210) 162.00 Cash generated from operations 871.00 Income taxes paid - Net cash from operating activities 871.00Related Questions
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