Khareef Salalah Company reported the following information for the year 2020: Net income RO 24,600; Payment on non-current notes payable RO 30,000; Depreciation expense RO 24,000; Gain on sale of building RO 15,000; Increase in inventory RO 4,100; Increase in accounts payable RO 12,300. Based on the above information what will be the net cash flow provided (used) by operating activities? O a. None of the options are correct. O b. RO 11,800. Oc. RO 80,000. O d. RO 41,800. O e. RO 50,000.
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- Given the financial data for New Electronic World, Inc. (NEW), compute the following measures of cash flows for the NEW for the year ended December 31, 2021 Required: Compute for the operating cash flow Compute for the free cash flowAli firm financial statements for the financial year 2020 comprise the following data. • Net income: dollar 18989 • Depreciation: 2421 • increase in inventory: 6160 • increase in accounts receivable: 7135 • decrease in accounts payable: 4742 Calculate indirect method of operating cash flow: Answer:1. PIOLO Corporation had the following account balances for 2020: 31-Dec 67,200 24,600 Accounts Payable Prepaid Rent Expense Accounts Receivable (net) 1-Jan 58,200 37,200 66,600 84,000 PIOLO's 2020 profit is P450,000. What amount should PIOLO include as net cash provided by operating activities in its 2002 statement of cash flows? a. 436,200 b. 445,200 c. 453,600 d. 454,200 2. PIOLO Company's 2020 income statement reported cost of goods sold as P135,000. Additional information is as follows: 31-Dec-20 31-Dec-19 Inventory Accounts Payable 30,000 13,000 22,500 19,500 If PIOLO uses the direct method, what amount should PIOLO report as cash paid to suppliers in its 2020 statement of cash flows? a. 121,000 b. 134,000 с. 136,000 d. 149,000 Use the following for the next three questions: PIOLO Company uses the direct method to prepare its statement of cash flows. The company had the following cash flows during 2020: Cash receipts from the issuance of ordinary shares Cash receipts from…
- Calculate the Free Cash Flow for Polaris. Item EBITDA Depreciation Tax Rate, T Current Assets Current Liabilities CAPEX Polaris Inc. Selected Financial Information ($000's) Year 0 19,324 17,147 Year 1 10,000 1,188 31% 15,520 15,823 2,0781. For the year ending 2022 calculate the Operating Cash flow using the following equation Earning before interest and taxes + depreciation - taxesUse the information provided below to prepare the Cash Flow Statement of Alto Limited for the year ended 31 December 2022. INFORMATION The following amounts were obtained from the Statement of Comprehensive Income for the year ended 31 December 2022 and Statement of Financial Position of Alto Limited as at 31 December 2022 and 31 December 2021: Sales Cost of sales Depreciation Operating profit Interest expense Company tax for the year Property, plant and equipment (carrying value) Long-term investments Inventories Accounts receivable Prepaid expenses Cash and cash equivalents Ordinary share capital (All shares issued at R10 each) Retained earnings Non-current liabilities Accounts payable Accrued expenses Dividends payable Company tax payable 31 Dec 2022 R 11 000 000 6 500 000 750 000 1 650 000 450 000 400 000 6 250 000 350 000 2 150 000 1 700 000 200 000 500 000 3 100 000 3 000 000 3 600 000 1 100 000 100 000 200 000 50 000 31 Dec 2021 R Note: ■ Dividends paid and recommended during…
- Can you assess the company’s overall cash flow disposition for 2019, 2020 and 2021 in terms of the positive or negative cash flow patterns for the three categories of cash flows. *NEED ASAP*Boombayah has recorded the following transactions on its book for the year 2020. How much total Cash Inflow from financing activities that Boombayah should reflected on its Statement of Cash Flow:i. Payment for interest of the issued bonds on April 1, 2020, 90.ii. Cash dividend received on the short-term investment, 500iii. Depreciation on plant that manufactures goods for sale, 600.iv. Payment of income tax on gain on sale of treasury bills, 200.v. Issued 50 ordinary shares for 5,000.vi. Received cash from interest on the acquired treasury bonds of Sheshe, 240.vii. Payment for marketable securities, 1200.REQUIREDUse the information provided below to prepare the Cash Flow Statement for the year ended 30 June 2020.INFORMATIONThe information given below was extracted from the books of Siyakha Limited for the financial year ended30 June 2020.1. STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE:2020R2019RASSETSProperty, plant and equipment (See note to the financial statements below.) 14 826 000 13 998 000Inventory 1 539 000 1 638 000Accounts receivable 6 243 000 4 572 000Bank 861 000 480 00023 469 000 20 688 000EQUITY AND LIABILITIESOrdinary Share Capital 9 300 000 8 220 000Retained Income 2 031 000 1 701 000Loan: OVS Bank 8 100 000 5 940 000Accounts payable 3 795 000 3 549 000Company tax payable 150 000 564 000Dividends payable 93 000 714 00023 469 000 20 688 0002. STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020RDepreciation on Vehicles 1 233 000Depreciation on Equipment 1 083 000Operating profit 3 801 000Interest on Loan 1 404 000Profit before tax 2 397 000Profit after tax…
- Use the information provided below to prepare the Cash Flow Statement of Umhlali Limited for the year ended 31 December 2020.INFORMATIONThe following Information was extracted from the records of Umhlali Limited for the past two years:STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER:2020 (R)2019 (R)Sales1 856 0001 200 000Cost of sales(1 280 000)(750 000)Gross profit576 000450 000Operating expenses(291 200)(212 000)Depreciation30 00026 000Other operating expenses261 200186 000Operating profit284 800238 000Interest on mortgage loan(24 000)(72 000)Profit before tax260 800166 000Company tax(90 240)(58 100)Profit after tax170 560107 900vmcInformation extracted from the Statement of Financial Position for the past two years:STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER:2020 (R)2019 (R)ASSETSNon-current assets2 464 1602 444 000Fixed assets2 464 1602 444 000Current assets356 000336 000Inventories (all Trading inventory)120 000250 000Accounts receivable40 00064 000Cash &…If the cash balance on 31/12/2019 was $ 10000, while on 31/12/2020 the net cash flow from operating activities was $ 13000, and net cash flow from investment activities was $ (11000), and the net cash flow from financing activities was $ 7000. Based on these information, the cash balance on 31/12/2020 is: Select one: O a. 59000 O b. 53000 O c. 19000 O d. 20000Perform a horizontal analysis for the balance sheet entry "Cash" given below. That is, find the amount of increase or decrease (in $) and the associated percent (rounded to the nearest tenth). Increase/Decrease Assets 2019 2018 Amount Percent Current Assets Cash $18,400 $11,800 Accounts Receivable 22,300 18,100 Merchandise Inventory 30,100 25,900 Supplies 5,600 7,600 Total Current Assets 76,400 63,400 Property, Plant, and Equipment Machinery and Equipment 56,000 57,100 Total Assets $132,400 $120,500