Portions of the financial statements for a company are provided below. income statement for the year ended december 31, year 2 net sales $ 1,600,000 expenses: cost of goods sold $ 970,000 operating expenses 480,000 depreciation expense 42,000 income tax expense 32,000 total expenses 1,524,000 net income $ 76,000 selected balance sheet data december 31 year 2 year 1 increase (i) or decrease (d) cash $ 94,000 $ 81,000 $ 13,000 (i) accounts receivable 46,800 53,000 6,200 (d) inventory 67,000 51,000 16,000 (i) prepaid rent 2,200 3,400 1,200 (d) accounts payable 37,000 33,000 4,000 (i) income tax payable 4,200 6,000 1,800 (d) required: prepare the operating activities section of the statement of cash flows for the company using the indirect method.

The following cost data pertain to the operations of montgomery department stores, inc., for the month of july. corporate legal office salaries $ 75,300apparel department cost of sales"evendale store $ 97,200corporate headquarters building lease $ 50,300store manager's salary"evendale store $ 12,900apparel department sales commission"evendale store $ 11,550store utilities"evendale store $ 12,800apparel department manager's salary"evendale store $ 10,450central warehouse lease cost $ 18,600janitorial costs"evendale store $ 11,800 the evendale store is just one of many stores owned and operated by the company. the apparel department is one of many departments at the evendale store. the central warehouse serves all of the company's stores. required: 1. what is the total amount of the costs listed above that are direct costs of the apparel department? 2. what is the total amount of the costs listed above that are direct costs of the evendale store? 3. what is the total amount of the apparel department's direct costs that are also variable costs with respect to total departmental sales?

Electronics assembly inc. is a contract manufacturer that assembles consumer electronics for a number of companies. currently, the operations manager is assessing the capacity requirements as input into a bid for a job to assemble cell phones for a major global company. the company would assemble three models of cell phones in the same assembly cell. setup time between the phones is negligible. electronics assembly inc. operates two 8-hour shifts for 275 days per year. cell phone demand forecast (phones/year) processing time (minutes/phone) mars 47,000 19.8 saturn 35,000 20.7 neptune 7,500 16.2 a. calculate total capacity required by line. b. determine the total operating time available. c. calculate the total number of assembly cells. (round up your answer to the next whole number.)

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?