Use the following financial statements extracts and calculate the Cash generated from operations. A. Extract from...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Use the following financial statements extracts and calculate the Cash generated from operations. A. Extract from the Statement of Profit or Loss. Sales Cost of sales Gross profit Operating expenses Wages Depreciation Sundry expenses Operating profit Interest income Operating profit before income expense Interest expense Net profit before tax B. Extract from the Statement of Financial Position. Inventory Trade and other receivables Trade and other payables 180 000 18 000 46 500 2019 R200 000 80 000 100 000 R750 000 (450 000) 300 000 (244 000) 55 500 55 500 (10 500) 45 000 2020 R160 000 90 000 112 000 Use the following financial statements extracts and calculate the Cash generated from operations. A. Extract from the Statement of Profit or Loss. Sales Cost of sales Gross profit Operating expenses Wages Depreciation Sundry expenses Operating profit Interest income Operating profit before income expense Interest expense Net profit before tax B. Extract from the Statement of Financial Position. Inventory Trade and other receivables Trade and other payables 180 000 18 000 46 500 2019 R200 000 80 000 100 000 R750 000 (450 000) 300 000 (244 000) 55 500 55 500 (10 500) 45 000 2020 R160 000 90 000 112 000
Expert Answer:
Answer rating: 100% (QA)
Cash Flow Statement It calculates cash flow by adjusting net income with differences ... View the full answer
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
Posted Date:
Students also viewed these finance questions
-
The application for mobile games was created last year by PEPSICO App. At first, the entrepreneur contributed 700,000 dollars and received 8 million stock options. Currently, the second round of...
-
The major financial statements of Ten Peaks Coffee Company Inc. from its 2013 annual report are included in Exhibits 1-11A to C. Note that its fiscal year end is December 31, 2013. Required: a. Find...
-
The Trail Balance of BSAF ltd is provided to you and you are required to answer the questions ACCOUNT DEBIT CREDIT SALES 150,000 PURCHASES 97,500 CARRIAGE INWARDS 1,680 CARRIAGE OUTWARDS 1,344...
-
Some managers and union officials also refer to the collective agreement as what? Multiple Choice The real boss The rule book The bible The guiding framework Strategic doctrine
-
A hollow steel sphere with a 0.5-m inside diameter and a 2-mm thick wall contains water at 2 MPa, 250C. The system (steel plus water) cools to the ambient temperature, 30C. Calculate the net entropy...
-
Fashion Standards is a retail clothing store. Sales of merchandise and purchases of goods on account for January 2016, the first month of operations, appear below. INSTRUCTIONS 1. Record the...
-
Using Table 3.2, discuss potential safety issues associated with the usage of hydrogen as a fuel for automobiles running on fuel cells in comparison with those associated with vehicles running on...
-
According to a survey conducted by Netpop Research, 65% of new car buyers use online search engines as part of their car-buying experience .Another study reported that 11% of new car buyers skip the...
-
You attach a meter stick to an oak tree, such that the top of the meter stick is 2.27 meters above the ground. Later, an acorn falls from somewhere higher up in the tree. If the acorn takes 0.236...
-
Ellipses Corp is a small business that operates in Herndon, VA. The company is located at10 Period Lane, Herndon, VA 20170. Its federal Employer Identification Number is 77-7777777, and its...
-
On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $26,000 in cash and giving a short-term note for $328,000. Legal fees paid were $1,670, delinquent taxes assumed...
-
DCAA performs which one of the following? Accounting, billing, and disbursing functions or DoD. Contract audit functions, including audit of cost proposals. Any delegated contract closeout functions....
-
Enrique is on trial for assaulting a police officer. During voir dire, Carlos, a prospective juror is asked if he has any relatives who are police officers. He says that his brother Antonio is a...
-
Does the public get a say when setting up performance-based budgeting? Are people even aware when budget are being put together
-
Gabrielle joined the company as head of design in July 2020. She has a high profile and her recruitment was a considerable coup for the company. Her contract stated that she could be dismissed with...
-
Michael Hyde owes $25,000 to Cady Haley which is due on February 1. On January 8th, Hyde offers Haley his 2018 Subaru Crosstrek instead of the $25,000 he owes. Haley indicates that she will agree as...
-
Define [x] as the greatest integer less than or equal to x, for each x=(-0,0). If y=[x], then area under y for x = [1,4] is (a) 1 (b) 3 (c) 4 (d) 6
-
Decades after the event, Johnson & Johnson (J&J), the 130-year-old American multinational, is still praised for swiftly The company indicated that its response was based on the expectations set forth...
-
Wascana Photography Services sells and services a variety of high-end photography equipment to professional photographers. An inventory count is conducted each year end to verify the information...
-
Explain what it means if a loan requires blended payments.
-
In this chapter, we have emphasized the importance of carefully analyzing the operating section of the statement of cash flows. In fact, the operating activities section is always the first one...
-
Vigilance Inc. provides secret shopping services to assist other companies in quality control. Vigilance has just been awarded a contract by Freshway Supermarkets to monitor the customer service...
-
VitaComp manufactures nonpharmaceutical pills and pellets from dry ingredients, using a collection of machinery it maintains in a large job shop. Machine AA-23 molds circular pellets to an average...
-
How could bottleneck management's recommendations concerning the distinction between activation and utilization relate to personal time management?
Study smarter with the SolutionInn App