Question: Please help thank you alot with calculation please Question 1 Question 2 10 pt Question 3 10 pts What are good examples for Cashflows from

 Please help thank you alot with calculation please Question 1 Question

2 10 pt Question 3 10 pts What are good examples for

Please help thank you alot with calculation please

Question 1 Question 2 10 pt Question 3 10 pts What are good examples for Cashflows from Operating acitives? If the Cost of Sales for the year 2015 is $25000 and If the total Cash Operating Expense incurred during 2015 was $10,000 and (1). Payments for inventories and machinery $10,000 in Year 2015 and $ 8000 in Year Inventories Balance : 2014 (2) Cash Receipts from customers and Sales of old equipments Balances for all prepayments are: $6000 in year 2015 and $8000 in year 2014 (3). Cash Payments for Wages and Insurance expense Account Payable Balance: $ 6500 in Year 2015 and $ 7500 in year 2014 (4). Cash received from an issue of shares and bonds Balances for all accurals/payables are: $ 5,000 in year 2015 and $ $3,000 in year 2014. What is total payment for inventories during the year 2015? O (1) and (3) What is total Cash paid for Operating expenses in year 2015? (1) and (2) O $29.000 (3) only $14.000 None of the above is correct ! (2) and (4) O $6000 $28,000 Question 4 10 pts O $10,000 O $22,000 10 pts $12,000 10 pts IF we are using INDIRECT METHOD to calculate for total net cashflow from Operating acitvities, and the balances for Inventories in year 2014 and 2015 are $4,000 and $5,000 respectively.. We should adjust Net profit for the year 2015 by : Question 5 Question 8 If we are calculating total Operting Cashflow for the year using INDIRECT method, and balances for Wages Payable for year 2014 and Which one below is a good example of non-cash expense ? 2015 are $ 2000 and $5000 respectively, We should adjust Net profit for year 2015 by : O Delivery Expense Subtracting $1000 from Profit Subtracting $9000 from Profit Subtracting $3000 from Profit Depreciation Expense Adding 9000 into Profit O Adding $7000 into Profit O Marketing Expense Adding $1000 into Profit Adding $3000 into Profit Interest Expense Subtracting $7000 from Profit Question 9 10 p1 Question 10 10 pts Question 7 10 pts Inventories Balance on 30th June 2016: $5,000 Calculate the depreciation expense per year for the New equipment purchased, given some information below: Inventories Balance on 30th June 2017: $3,000 Accounts payables on 30th June 2016: $12,000 Accounts payables on 30th June 2017: $15,000 . Cost of goods sold for the year ended 30th June 2017: $50,000 On 1st April 2018, Insearch purchased a Camry Toyota car from Melbourne for $35,000 and paid an additional amount of $2,000 for the delivery of equipment from Melbourne to Sydney. In addition, Insearch also purchased a comprehensive car insurance of $3000/ a year to ensure that the car will be fully covered by the insurance company if having any accident. 1. Full price for this equipment was $22,000 but you got a discount of $450 from the shop. What is the cash payment to suppliers of inventory during the year 2017? A journal entry to record for the purchase of Camry Toyota car on 1st April 2018 will be: O $45,000 Dr. Car $37.000 2. Shipping costs paid :$800 to deliver the New equipment from the shop to your company 3. Installation fees :$1,750 to get the technician help you install the new equipment 4. Insurance in transit :$300 to cover any unexpected damage (if have) in delivery. 5. Staff training : $600 to run a training workshop (How-to-use the new equipment) to your staff. O $49.000 Dr. Insurance Expense $3,000 O $55.000 Cr. Cash $40,000 O $51.000 O Dr. Car $37.000 Question 6 10 pts Cr. Cash $37,000 O Dr. Car $40.000 6. The new equipment is estimated to have $5,000 in the value after 5 year use & depreciated using STRAIGHTLINE method. Cr. Cash $40,000 How much should be dividend paid during the year if: Opening Retained Earning = $100,000 Ending Retained Earning = $300,000 Net profit for the year = $500,000 O $700,000 O $900,000 $300.000 $200,000

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!