subject
Business, 15.04.2020 00:58 princessbri02

Rodriguez Tint, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following incomestatement:
Rodriguez, Inc.
Income Statement
Year Ended December 31, 2017

Sales Revenue $150,000
Interest Revenue 6,000
Loss on Sale of Plant Assets (5,100)

Total Revenues and Gains $150,900
Cost of Goods Sold 140,000
Salary Expense 119,000
Depreciation Expense 7,000
Other Operating Expenses 13,100
Interest Expense 16,400
Income Tax Expense 6,000
Total Expenses 201,500
Net Income (Loss) $(50,600)

Additional information provided by the company includes thefollowing:
Current assets, other than cash, decreased by
$2,100.
Current liabilities increased by
$1,200.
Compute the net cash provided by (used for) operating activities.
A.$36,000
B.$10,400
C.$(58,200)
D.$(30,900)

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:20
After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.
Answers: 1
question
Business, 22.06.2019 02:00
Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f
Answers: 1
question
Business, 22.06.2019 22:00
Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?
Answers: 3
question
Business, 23.06.2019 12:50
In a "dutch auction" for new stock, individual investors place bids for shares directly. each potential bidder indicates the price he or she is willing to pay and how many shares he or she will purchase at that price. the highest price that permits the company to sell all the shares it wants to sell is determined, and this is the "market clearing price." all bidders who specified this price or higher are allowed to purchase their shares at the market clearing price. true false
Answers: 2
You know the right answer?
Rodriguez Tint, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the f...
Questions
question
Chemistry, 19.08.2019 17:20
question
Biology, 19.08.2019 17:20
Questions on the website: 13722363