the total cash payments made by the business for the period amounted to 100,000 as follows: purchase of equipment for business use 50,000 salaries of the employee 25,000 water and electricity used in business 10,000 taxes and licenses used in business 15,000 how much is the operating expenses from these payments?

the total cash payments made by the business for the period amounted to 100,000 as follows: purchase of equipment for business use 50,000 salaries of the employee 25,000 water and electricity used in business 10,000 taxes and licenses used in business 15,000 how much is the operating expenses from these payments?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A summary of cash flows for T's Design Services for the year ended 30 June is shown below. Cash receipts: Cash received from customers $83,990 Cash received from additional investment by owner Cash received from bank loan 25,000 100,000 Cash payments: Cash paid for expenses $27,000 Cash paid for land investment 47,000 Cash paid for supplies 410 Drawing 5,000 The following was T's Design Services item in its cash flow from financing activities: Select one: a. $20,000. b. $120,000. c. (-)$27,000. d. $30,000. e. $125,000.
Lantz Company has provided the following information: Cash sales totaled $280,000.Credit sales totaled $488,000.Cash collections from customers for services yet to be provided totaled $88,000.A $24,000 loss from the sale of property and equipment occurred.Interest income was $8,600.Interest expense was $18,800.Cost of goods sold was $380,000.Rent expense was $38,000.Salaries expense was $48,000.Other operating expenses totaled $78,000.Unearned revenue was $3,900. How much was Lantz's operating income?
PRINCESS Company provided the following information for the year ended December . 2018: 600,000 225,000 1,125,000 Cash payment to employees Interest payment on bank loan Cash payment for equipment Cash dividends paid Incerest received Cash payment to suppliers Cash dividends recerved Income tax paid Cash collections from customers 300,000 75,000 1,500,000 225,000 150,000 4,500,000 Requited: Compute the net cash provided by operating activities.
wages payable was $100.000 at the beginning of the year and $ 75,000 at the end of the year, should the $25,000 decrease be added or deducted from income to determine the amount of cash flows from operating activities by the indirect method? Explain in your own word why.
Husky Company has provided the following information for its most recent year of operation: Cash collected from customers totaled $90,800. Cash borrowed from banks totaled $34,700. Cash paid to employees for salaries totaled $33,600. Cash received from selling Husky common stock to stockholders totaled $56,000. Cash payments to banks for repayment of money borrowed totaled $9,000. Cash paid to suppliers totaled $14,000. Land costing $34,000 was sold for $34,000 cash. Cash paid for dividends to stockholders totaled $4,800. How much was Husky's cash flow from operating activities? Multiple Choice O O O $43,200 $47,800 $37,100 $32,900
Smith Corporation has provided the following information: Cash sales totaled $143,000.Credit sales totaled $297,000.Cash collections from customers for services yet to be provided totaled $56,000.An $18,000 gain from the sale of property and equipment occurred.Interest income totaled $9,500. How much were Smith's operating revenues?
Grier & Associates maintains its records on the cash basis. You have been engaged to convert its cash basis income statement to the accrual basis. The cash basis income statement, along with additional information, follows: Grier & Associates Income Statement (Cash Basis) For the Year Ended December 31, 2025 Cash receipts from customers $425,000 Cash payments: Salaries and wages $170,000 Income taxes 65,000 Insurance 40,000 Interest…
Damalerio Corporation uses the cash basis of accounting. Damalerio collected P1,400,000 from its customers during the year. Damalaerio had P100,000 in Accounts receivable at the beginning of the year, and P180,000 in Accounts receivable at the end of the year. The company also had P40,000 and P50,000 of allowance for bad debts at the beginning and at the end of the year, respectively. What is Damalerio’s Sales Revenue under the accrual basis of accounting? Group of answer choices 1,400,000 1,480,000 1,320,000 1,580,000
The following summary transactions occurred during the year for Daisy. Cash received from: Collections from customers $386,000 Interest on notes receivable 9,000 Collection of notes receivable 56, 000 Sale of investments 33,000 Issuance of notes payable 106,000 Cash paid for: Purchase of inventory 166, 000 Interest on notes payable 8,000 Purchase of equipment 91,000 Salaries to employees 96,000 Payment of notes payable 28,000 Dividends to shareholders 1,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
Sharpe Corporation has provided the following information: Cash sales totaled $125,000. Credit sales totaled $279,000. Cash collections from customers for services yet to be provided totaled $38,000. An $11,000 gain from the sale of plant and equipment occurred. Interest income totaled $7,700. How much was Sharpe's operating revenue? Group of answer choices a)$404,000 b)$411,700 c)$442,000 d)$460,700 e)None of the above
The total cash payments made by the business for the period amounted to ₱100,000 as follows: Purchase of equipment for business use ₱50,000 Salaries of the employee 25,000 Water and electricity used in business 10,000 Taxes and Licenses used in business 15,000 How much is the operating expense from these payments? how can it be 50,000?
At the beginning of the year, Oriole Company has a cash balance of $25300. During the year, the company expects cash disbursements of $176000, and cash receipts of $154000. If Oriole Company requires an ending cash balance of $22000, how much must the company borrow? O $0. O $44000. O $18700. O $22000.