Question

Use the income statement and the list of changes to answer the question. Stuart Company Income...

Use the income statement and the list of changes to answer the question.

Stuart Company
Income Statement
January 1 to December 31, 2017
(amounts in thousands)
Revenue 8,800
Cost of Goods Sold (COGS) 2,640
Gross Income 6,160
Sales, General, & Administrative Expenses (SG&A) 880
Depreciation Expense 900
Other Expenses 500
Earnings Before Interest & Taxes (EBIT) 3,880
Interest 110
Pre-Tax Income 3,770
Income Taxes 1,508
Net Income 2,262

Between January 1 and December 31, 2017:

1. Accounts Receivable decrease by $300,000
2. Accounts Payable decrease by $900,000
3. Gross Property, Plant, & Equipment increase by $7,500,000
4. Long Term Debt decreases by $600,000

Assume no other changes

What is the Net Cash Flow?

Please specify your answer in the same units as the income statement.

Homework Answers

Answer #1
Amounts in thousands
Cash flow from operating activities:
Net income 2262
Adjustments to convert to cash basis:
Depreciation expense 900
Decrease in accounts receivable 300
Decrease in accounts payable -900 300
Net cash flow from operating activities 2562
Cash flow from investing activities:
Purchase of property, plant & equipment -7500
Cash flow from financing activities:
Payment of long-term debt -600
Net cash flow -5538
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Use the income statement and the list of changes to answer the question. Stuart Company Income...
Use the income statement and the list of changes to answer the question. Stuart Company Income Statement January 1 to December 31, 2017 (amounts in thousands) Revenue 8,800 Cost of Goods Sold (COGS) 2,640 Gross Income 6,160 Sales, General, & Administrative Expenses (SG&A) 880 Depreciation Expense 900 Other Expenses 500 Earnings Before Interest & Taxes (EBIT) 3,880 Interest 110 Pre-Tax Income 3,770 Income Taxes 1,508 Net Income 2,262 Between January 1 and December 31, 2017: 1. Accounts Receivable decrease by...
Use the income statement and the list of changes to answer the question. Stuart Company Income...
Use the income statement and the list of changes to answer the question. Stuart Company Income Statement January 1 to December 31, 2019 (amounts in thousands) Revenue 8,800 Cost of Goods Sold (COGS) 2,640 Gross Income 6,160 Sales, General, & Administrative Expenses (SG&A) 880 Depreciation Expense 900 Other Expenses 500 Earnings Before Interest & Taxes (EBIT) 3,880 Interest 110 Pre-Tax Income 3,770 Income Taxes 1,508 Net Income 2,262 Between January 1 and December 31, 2019: 1. Accounts Receivable decrease by...
use the income statement and the list of changes to answer the question. Nippon Technology Income...
use the income statement and the list of changes to answer the question. Nippon Technology Income Statement January 1 to December 31, 2017 (amounts in thousands) Revenue 8,700 Cost of Goods Sold (COGS) 1,740 Gross Income 6,960 Sales, General, & Administrative Expenses (SG&A) 870 Depreciation Expense 1,200 Other Expenses 400 Earnings Before Interest & Taxes (EBIT) 4,490 Interest 50 Pre-Tax Income 4,440 Income Taxes 1,776 Net Income 2,664 Between January 1 and December 31, 2017: 1. Accounts Receivable decrease by...
Use the income statement and the list of changes to answer the question. Ruston Company Income...
Use the income statement and the list of changes to answer the question. Ruston Company Income Statement January 1 to December 31, 2017 (amounts in thousands) Revenue 7,800 Cost of Goods Sold (COGS) 1,560 Gross Income 6,240 Sales, General, & Administrative Expenses (SG&A) 780 Depreciation Expense 700 Other Expenses 500 Earnings Before Interest & Taxes (EBIT) 4,260 Interest 70 Pre-Tax Income 4,190 Income Taxes 1,676 Net Income 2,514 Between January 1 and December 31, 2017: 1. Accounts Receivable increase by...
Use the income statement and the list of changes to answer the question. Siam Traders Income...
Use the income statement and the list of changes to answer the question. Siam Traders Income Statement January 1 to December 31, 2017 (amounts in thousands) Revenue 7,800 Cost of Goods Sold (COGS) 1,560 Gross Income 6,240 Sales, General, & Administrative Expenses (SG&A) 780 Depreciation Expense 1,200 Other Expenses 300 Earnings Before Interest & Taxes (EBIT) 3,960 Interest 60 Pre-Tax Income 3,900 Income Taxes 1,560 Net Income 2,340 Between January 1 and December 31, 2017: 1. Accounts Receivable increase by...
Use the income statement and the list of changes to answer the question. Valley Technology Income...
Use the income statement and the list of changes to answer the question. Valley Technology Income Statement January 1 to December 31, 2019 (amounts in thousands) Revenue 8,200 Cost of Goods Sold (COGS) 2,460 Gross Income 5,740 Sales, General, & Administrative Expenses (SG&A) 1,640 Depreciation Expense 600 Other Expenses 700 Earnings Before Interest & Taxes (EBIT) 2,800 Interest 80 Pre-Tax Income 2,720 Income Taxes 1,088 Net Income 1,632 Between January 1 and December 31, 2019: 1. Accounts Receivable increase by...
Use the income statement and the list of changes to answer the question. Nippon Technology Income...
Use the income statement and the list of changes to answer the question. Nippon Technology Income Statement January 1 to December 31, 2019 (amounts in thousands) Revenue 8,700 Cost of Goods Sold (COGS) 1,740 Gross Income 6,960 Sales, General, & Administrative Expenses (SG&A) 870 Depreciation Expense 1,200 Other Expenses 400 Earnings Before Interest & Taxes (EBIT) 4,490 Interest 50 Pre-Tax Income 4,440 Income Taxes 1,776 Net Income 2,664 Between January 1 and December 31, 2019: 1. Accounts Receivable decrease by...
Use the income statement and the list of changes to answer the question. Siam Traders Income...
Use the income statement and the list of changes to answer the question. Siam Traders Income Statement January 1 to December 31, 2019 (amounts in thousands) Revenue 7,800 Cost of Goods Sold (COGS) 1,560 Gross Income 6,240 Sales, General, & Administrative Expenses (SG&A) 780 Depreciation Expense 1,200 Other Expenses 300 Earnings Before Interest & Taxes (EBIT) 3,960 Interest 60 Pre-Tax Income 3,900 Income Taxes 1,560 Net Income 2,340 Between January 1 and December 31, 2019: 1. Accounts Receivable increase by...
Use the starting balance sheet, income statement, and the list of changes to answer the question....
Use the starting balance sheet, income statement, and the list of changes to answer the question. Ruston Company Balance Sheet As of December 31, 2017 (amounts in thousands) Cash 21,000 Liabilities 25,000 Other Assets 31,000 Equity 27,000 Total Assets 52,000 Total Liabilities & Equity 52,000 Ruston Company Income Statement January 1 to March 31, 2018 (amounts in thousands) Revenue 3,100 Expenses 4,400 Net Income -1,300 Between January 1 and March 31, 2018: 1. Other Assets decrease by $200,000 2. Liabilities...
Use the starting balance sheet and statement of cash flows to answer the question. Stuart Company...
Use the starting balance sheet and statement of cash flows to answer the question. Stuart Company Balance Sheet As of December 31, 2019 (amounts in thousands) Cash 84,000 Accounts Payable 28,000 Accounts Receivable 47,000 Debt 34,000 Inventory 42,000 Other Liabilities 9,000 Property Plant & Equipment, Gross 243,000 Total Liabilities 71,000 Accumulated Depreciation 71,000 Paid-In Capital 67,000 Property Plant & Equipment, Net 172,000 Retained Earnings 235,000 Other Assets 28,000 Total Equity 302,000 Total Assets 373,000 Total Liabilities & Equity 373,000 Stuart...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT