Question: Calculate the net cash provided by the operating activities based on the information below: Net income: 6 0 , 0 0 0 Depreciation: 2 5

Calculate the net cash provided by the operating activities based on the information below:
Net income: 60,000
Depreciation: 25,000
Increase in accounts receivable: 12,000
Increase in inventory: 8,000
Increase in accounts payable: 15,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

It is July 15 and you, CPA, have just met with clients Richard and Nancy Nickerson who are seeking business advice. Richard is an engineering professor at the local college and Nancy is a substitute...

Q:

Use the appropriate information from the data provided below to calculate the net cash provided (used) by operating activities for the perlod Net income $113,000 Accounts receivable increase (for the...

Q:

AP-3A The net income for the year ended on December 31, 2018, for RC Corporation was $120,000. Additional data for the year is provided below. Loss on retirement of debt $20,000 Purchase of property,...

Q:

Which of the following activities impacts the long-term cash flow? Purchase inventory Pay rent and utilities Pay taxes Purchase PP&E Which of the following strategies is most likely to shorten the...

Q:

1. Norway Hotel had net income for 2020 of $130,000. Included in net income was depreciation of $2,400, a gain on sale of land of $6,800, loss on sale of equipment of $9,000 and income taxes of...

Q:

AP-3A LO The net income for the year ended on December 31 the year is provided below. for the year ended on December 31, 2018 for RC Corporation was $120.000. Addia Loss on retirement of debt...

Q:

Take me to the text TC Hotel's net income for the year ended August 31, 2020 was $124,000. Additional data for the year is provided below. Purchase of property and equipment $251,000 Depreciation of...

Q:

t of Take me to the text Kersley Diner's net income for the year ended May 31, 2020 was $98,000. Additional information is shown below. Interest expense on borrowing Decrease in accounts receivable...

Q:

Calculate the net cash provided by the operating activities based on the information below: Net income: 60,000 Depreciation: 25,000 Increase in accounts receivable:12,000 Increase in inventory: 8,000...

Q:

1.Take me to the text Casey Diner's net income for the year ended December 31, 2020 was $81,000. Additional information is shown below. Interest expense on borrowing $6,800 Increase in accounts...

Q:

of Take me to the text Kersley Diner's net income for the year ended December 31, 2020 was $84,000. Additional information is shown below. Interest expense on borrowing Increase in accounts...

Q:

Suppose the demand for reserves became less stable. How would monetary policy be affected?

Q:

List the microorganisms involved in tooth decay and discuss the sequence of events leading to the development of periodontitis.

Q:

Question 4 of 2 5 View Policies Current Attempt in Progress The covenants and other terms of the agreement between the issuer of bonds and the lender are outlined in the bond coupon. bond indenture....

Q:

thank you $ 1,450 3,950 (800) 5,300 3,600 13,500 Balance Sheet At December 31, 2021 ($ in 000s) Assets Current assets: Cash Accounts receivable Allowance for uncollectible accounts Finished goods...

Q:

What challenges do you face in your current role?

Q:

How well is the company IT system able to support this initiative?

Q:

What training do they require?