Robbins Company uses the indirect method to prepare its statement of cash flows. If the net cash
Question:
Robbins Company uses the indirect method to prepare its statement of cash flows. If the “net cash provided by operations” on its statement was $55,000, what would the net cash provided by operations using the direct method be?
a. Less than $55,000
b. $55,000
c. More than $55,000
d. Cannot be determined from the information provided
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The controller for Summit Sales Inc. provides the following information on transactions that occurred during the year: a. Purchased supplies on credit, $28,400 b. Paid $24,600 cash toward the...
-
In the final project for this course, you will imagine that you are an IT business analyst intern at Sharpe Style in the scenario provided and have been asked by the owner to research options for...
-
Championship Boxing, Inc. is a small manufacturer of cardboard boxes of all sizes. You have reported for your first day of work, and the company is in an uproar. Yearly financial statements are being...
-
Consider the exchange rate between South Korea and Costa Rica. Typically, exchange rates vary over time, sometimes quite dramatically. The scenarios present various changes that may affect the...
-
The following audit procedures (labeled 1. through 8. below) are found in audit programs addressing the acquisition and payment cycle. For each audit procedure described: a. Identify the objective of...
-
Demeter Company exchanges an industrial oven for an industrial freezer. The carrying amount of the industrial oven is $31,000 (cost $61,000 less accumulated depreciation $30,000). The oven's fair...
-
Tandrin Aviation Holdings Ltd. agreed to sell a jet aircraft to Aero Toy Store, LLC, for \($31.75\) million. ATS paid a \($3\) million deposit to a third party with the balance due upon delivery....
-
WaferCo is a fast-growing manufacturer of computer chips. Direct materials are added at the start of the production process. Conversion costs are added evenly during the process. Some units of this...
-
Relational Databases are based on relational models and relational math. Write a brief description and history of the relational model.?
-
The trial balance of Pacilio Security Services Inc. as of January 1, 2015, had the following normal balances: Cash ...................$62,860 Accounts receivable ............. 20,500 Supplies...
-
Indicate which type of analytics, predictive or prescriptive, is most likely being described by each of the following independent statements. 1. Provides insights on how to deal with expected cash...
-
The Longbow-Miller Company uses the indirect method to prepare its statement of cash flows. When calculating the net cash provided (used) by operations, which of the following items would be deducted...
-
Eger Township has a Management Department that pro-vides support to other departments. The Public Works Department has three functions: garbage collection, snow removal, and road repair. The...
-
Assume that today is December 31, 2021, and that the following information applies to Abner Airlines: After-tax operating income [EBIT(1 2 T)] for 2022 is expected to be $400 million. The...
-
In this chapters opening vignette, we discussed Apples decision to establish a dividend payout policy in 2012 and the establishment of a share repurchase program that has returned $200 billion to...
-
In 2020, Keenan Company paid dividends totaling $3,600,000 on net income of $10.8 million. Note that 2020 was a normal year and that for the past 10 years, earnings have grown at a constant rate of...
-
Rubenstein Bros. Clothing is expecting to pay an annual dividend per share of $0.75 out of annual earnings per share of $2.25. Currently, Rubenstein Bros. stock is selling for $12.50 per share....
-
Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Chastains 2021 sales (all on credit) were...
-
Peterson Company was granted a charter that authorized the following share capital: Preferred shares: 8 percent, par value $ 25, 20,000 shares Common shares: No par value, 100,000 shares During the...
-
SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and Manufacturing Company. Prepare a schedule of cost of goods manufactured for the year ended...
-
Refer to the Peltier Drycleaners in E6-40B. Assume that Peltier charges customers $ 6 per garment for dry cleaning. Prepare Peltiers projected income statement if 4,280 garments are cleaned in March....
-
Reynolds Company, which uses the high- low method to analyze cost behavior, has determined that machine hours best predict the companys total utilities cost. The companys cost and machine hour usage...
-
Acme Mailboxes produces decorative mailboxes. The companys average cost per unit is $ 23.43 when it produces 1,400 mailboxes. Requirements 1. What is the total cost of producing 1,400 mailboxes? 2....
-
Prepare a master budget for the three months ending June 3 0 , 2 0 2 4 . Include the following budget schedules and financial statements: 1 ) Sales Budget by month and total for the quarter 2 )...
-
Product-Costing Accuracy, Plantwide and Departmental Rates, ABC Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing departments. The...
-
What Types of accounts that make up the equity section of the balance sheet? Explain briefly and how these accounts can be managed?
Study smarter with the SolutionInn App