Portions of the financial statements for Peach Computer are provided below.
PEACH COMPUTER
Income Statement
For the year ended December 31, 2021
Net sales $1,925,000
Expenses:
Cost of goods $1,100,000
sold
Operating expenses 610,000
Depreciation expense 55,000
Income tax expense 45,000
Total expenses 1,810,000
Net income $ 115,000
PEACH COMPUTER
Selected Balance Sheet Data
December 31
Increase (I) or Decrease
2021 2020 (D)
Cash $107,000 $87,500 $19,500 (I)
Accounts receivable 45,500 51,500 6,000 (D)
Inventory 80,000 57,500 22,500 (I)
Prepaid rent 3,500 6,000 2,500 (D)
Accounts payable 50,000 39,500 10,500 (I)
Income tax 5,500 12,500 7,000 (D)
Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)
Solved
Show answers
More tips
- L Leisure and Entertainment How to Find a Phone Number by Address: The Ultimate Guide...
- P Philosophy How to Properly Create a Vision Board?...
- C Computers and Internet What is Web 2.0 and How Does it Work?...
- S Style and Beauty Is Photoepilation the Solution to Unwanted Hair Forever?...
- O Other What is a Disk Emulsifier and How Does it Work?...
- F Family and Home What does a newborn need?...
- F Family and Home Choosing the Right Car Seat for Your Child: Tips and Recommendations...
- F Food and Cooking How to Get Reconfirmation of Registration?...
- C Computers and Internet How to Get Rid of Spam in ICQ?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
Answers on questions: Business
- M Mathematics Write three or four sentences reflecting on how effective you think your study study habits are are you satisfied with the results of those habits ? could they be improved what strategies...
- E English 1. was the original leader of the gang. a.) mike b.) t c.) blackie d.) summers 2. the stuck up like a jagged tooth. a.) lorry b.) house c.) staircase d.) car park 3. the gang’s plans...
- M Mathematics What is the frequency of this wave? 1 2 3 4...
Ответ:
Cash flow from Operating Activities
Net income 115,000
Add Depreciation 55,000
Add Income tax 45,000
Decrease in Accounts receivable 6,000
Increase in Inventory (22,500)
Decrease in Prepaid rent 2,500
Increase in Accounts payable 10,500
Cash Generated from Operations 211,500
Income tax paid (38,000)
Net Cash from Operating Activities 173,500
Explanation :
The operating activities section of the statement of cash flows shows the Cashflow results from the Operating or Normal trading business of the organization.
Ответ:
I think the correct answer is D
Explanation:
Tropical rainforests are found near the equator due to the amount of rainfall and the amount of sunshine these areas receive. ... The high temperatures means that evaporation happens at a fast rate, resulting in frequent rainfall. Temperate rainforests are also rainforests but they are not found near the equator.
Deciduous forest is found in three middle-latitude regions with a temperate climate characterized by a winter season and year-round precipitation: eastern North America, western Eurasia, and northeastern Asia. Deciduous forest also extends into more arid regions along stream banks and around bodies of water.