subject
Business, 05.05.2020 13:52 Jasten

Tidwell Company has provided the following partial comparative balance sheets and the income statement for 20X2.

Tidwell Company
Comparative Balance Sheets
At December 31, 20X1 and 20X2 1

20X1 20X2
Current assets:
Accounts receivable $346,000.00 $284,000.00
Inventories 122,000.00 147,000.00

Current liabilities:
Accounts payable 302,000.00 239,500.00

Tidwell Company
Income Statement
For the Year Ended December 31, 20X2 1

Revenues $1,204,000.00
Gain on sale of equipment 49,000.00
Cost of goods sold (655,000.00)
Depreciation expense (124,000.00)
Interest expense (23,000.00)
Net income $451,000.00

Required:

Compute operating cash flows using the direct method. (Note: Begin by entering the applicable income statement amounts. In the Adjustments column, if an account has more than one adjustment, enter the total effect of all adjustments in the applicable cell. Use a minus sign to indicate a negative adjustment or a negative cash outflow.)

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:30
The monthly sales for yazici​ batteries, inc., were as​ follows: month jan feb mar apr may jun jul aug sept oct nov dec sales 19 20 17 12 11 18 16 17 19 22 21 24 this exercise contains only parts b and c. ​b) the forecast for the next month​ (jan) using the naive method​ = nothing sales ​(round your response to a whole​ number). the forecast for the next period​ (jan) using a​ 3-month moving average approach​ = nothing sales ​(round your response to two decimal​ places). the forecast for the next period​ (jan) using a​ 6-month weighted average with weights of 0.10​, 0.10​, 0.10​, 0.20​, 0.20​, and 0.30​, where the heaviest weights are applied to the most recent month​ = nothing sales ​(round your response to one decimal​ place). using exponential smoothing with alpha ​= 0.40 and a september forecast of 21.00​, the forecast for the next period​ (jan) = nothing sales ​(round your response to two decimal​ places). using a method of trend​ projection, the forecast for the next month​ (jan) = nothing sales ​(round your response to two decimal​ places). ​c) the method that can be used for making a forecast for the month of march is ▾ a 3-month moving average a 6-month weighted moving average exponential smoothing the naive method a trend projection .
Answers: 2
question
Business, 22.06.2019 03:40
Your parents have accumulated a $170,000 nest egg. they have been planning to use this money to pay college costs to be incurred by you and your sister, courtney. however, courtney has decided to forgo college and start a nail salon. your parents are giving courtney $20,000 to her get started, and they have decided to take year-end vacations costing $8,000 per year for the next four years. use 8 percent as the appropriate interest rate throughout this problem. use appendix a and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. how much money will your parents have at the end of four years to you with graduate school, which you will start then?
Answers: 1
question
Business, 22.06.2019 11:40
In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?
Answers: 2
question
Business, 22.06.2019 12:00
In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b.compensating differentials c. monopoly wages d. wages based on human capital development of each employee
Answers: 3
You know the right answer?
Tidwell Company has provided the following partial comparative balance sheets and the income stateme...
Questions
question
Chemistry, 23.08.2019 11:30
question
Mathematics, 23.08.2019 11:30
question
English, 23.08.2019 11:30
question
Computers and Technology, 23.08.2019 11:30
question
Social Studies, 23.08.2019 11:30
Questions on the website: 13722363