Selected accounts from the SFP of UVI Limited at 31 December 20X4 and 20X5, are presented below.
Question:
Required:
Calculate cash from operating activities for the year.
Transcribed Image Text:
As at 31 December 20X5 20X4 Accounts receivable Inventory Accounts payable Short-term bank loan payable $160,000 $110,000 240,000 150,000 195,000 75,000 102,000 200,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Operating activities Net earnings 407000 Adjustments for items not requiring cash Depre...View the full answer
Answered By
Joemar Canciller
I teach mathematics to students because I love to share what I have in this field.
I also want to see the students to love math and be fearless in this field.
I've been tutoring these past 2 years and I would like to continue what I've been doing.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Question Posted:
Students also viewed these Managerial Accounting questions
-
Selected accounts from the SFP of TMI Limited at 31 December 20X4 and 20X5, are presented below. Required: Calculate the change in cash for theyear. 20X5 20X4 As at 31 December Cash #1 Cash #2...
-
Selected accounts from the SFP of MNN Limited at 31 December 20X4 and 20X5 are presented below. Depreciation was $ 40,000 for equipment, $ 60,000 for buildings, and $ 75,000 for machinery. A new...
-
Selected accounts from the SFP of Norelco Limited at 31 December 20X4 and 20X5 are presented below. Norelco reported earnings of $ 280,000 in 20X5. There was a new $ 140,000 of notes payable this...
-
The shear shown is used to trim electronic-circuit-board laminates. Neglecting the thickness of the shearing blade and knowing that a vertical 3-kN shearing force at E is required to cut the...
-
What are the nonverbal components of an ad? What impact do they have on attitudes?
-
Solvolysis of 2-bromo-2-methylbutane in acetic acid containing potassium acetate gave three products. Identify them.
-
Make a list of pieces of information a firm might want to know and consider whether it could buy the information and how reliable that information might be.
-
ListCo reports the following income for the current tax year. Operations ............. $92,000 Tax-exempt interest income ...... 19,000 Long-term capital gain ......... 60,000 ListCo holds earnings...
-
Match the term with its definition. Question 67 options: These are dividends that are not expected to reoccur These are the cumulative after-tax profits of the corporation that have not yet been paid...
-
2. [40% ] A growing city has installed a monorail system connecting the down- town to its international airport. It has been tracking daily monorail passenger load for the last 5 years. The monorail...
-
Information related to various financial statement elements is provided for three cases: Case A Interest expense was $ 26,400. Interest payable had an opening balance of $ 11,200 and a closing...
-
The records of Mineola Limited provided the following data: a. Purchased capital asset for $ 170,000; paid cash. b. Purchased capital asset for $ 170,000; signed a long- term note with the vendor for...
-
Find a formula for R N and compute the area under the graph as a limit. f(x) = x, [-1,5]
-
Helen's investment of $81,000.00 in a fund matured to $118,515.23 in 6 years. If the interest in the fund is compounded monthly, calculate the following rounded to two decimal places. a. Periodic...
-
What other avenues/methods are there to organize meetings if face to face meetings cannot be done? Explain in detail.?
-
Complete the following sentence: Inflation occurs when inventory costs are rising over time whereas deflation occurs when inventory costs are declining over time
-
DelRay Foods must purchase a new gumdrop machine. Two machines are available. Machine 7745 has a first cost of $1,400, an estimated life of 10 years, a salvage value of $1,000, and annual operating...
-
Explain the logic of the monetary neutrality and why changes in the quantity of money only affect nominal variables and not real variables. Do you agree that monetary neutrality approximates the...
-
Janice Lucas is the president of Miller Custom Coffee Roasters. She drives a 2020 Mercedes E300 with a fair market value of $57,500. The lease value is $14,750. The odometer started at 655 and was...
-
Suppose a population of bacteria doubles every hour, but that 1.0 x 106 individuals are removed before reproduction to be converted into valuable biological by-products. Suppose the population begins...
-
The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Vance Company, a lessee. The lessee assumes responsibility for all executory costs, which are...
-
Ludwick Steel Company as lessee signed a lease agreement for equipment for 5 years, beginning December 31, 2010. Annual rental payments of $40,000 are to be made at the beginning of each lease year...
-
On January 1, 2011, Cage Company contracts to lease equipment for 5 years, agreeing to make a payment of $137,899 (including the executory costs of $6,000) at the beginning of each year, starting...
-
the manager of caddore plans an EOM stock of $310000 for the end of May. During the May selling period, sales are estimated at 90000, and reductions at $9800. If calddore's April EOM stock was...
-
Requirement 1. Prepare a production cost report for the Mixing Department for March. Round equivalent unit of production costs to four deci per unit amounts to four decimal places. Abbreviations...
-
what is included in the term "audit client" when used in the SEC independence rules?
Study smarter with the SolutionInn App