subject
Business, 10.08.2021 03:50 zone332

The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. Income Statement
Sales Revenue $ 44,600
Expenses:
Cost of Goods Sold 19,000
Depreciation Expense 1,600
Salaries and Wages Expense 8,600
Rent Expense 4,100
Insurance Expense 1,700
Interest Expense 1,600
Utilities Expense 1,200
Net Income $ 6,800
SELECTED BALANCE SHEET ACCOUNTS
Ending balances Beginning balances
accounts receivable 580 620
inventory 850 700
accounts payable 440 500
prepaid rent 33 24
prepaid insurance 29 36
salaries and wages payable 72 46
utilities payable 28 19
Required:
Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 05:30
Identify the three components of a family's culture and provide one example from your own experience
Answers: 2
question
Business, 22.06.2019 06:40
At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.
Answers: 1
question
Business, 22.06.2019 19:30
Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.
Answers: 1
question
Business, 22.06.2019 20:00
Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396
Answers: 3
You know the right answer?
The income statement and selected balance sheet information for Direct Products Company for the year...
Questions
question
Mathematics, 03.12.2019 02:31
question
Mathematics, 03.12.2019 02:31
question
Social Studies, 03.12.2019 02:31
Questions on the website: 13722367