Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets. To compute: The cash flow on total assets ratio for Year 1 and Year 2.

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Answer 1

Question

Chapter 12, Problem 15E

(1)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compute: The cash flow on total assets ratio for Year 1 and Year 2.

(2)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compare: The cash flow on total assets ratio of Year 1 with Year 2.

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Cash Flows from Operating Activities-Direct Method The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following: a. If sales for the current year were $607,300 and accounts receivable decreased by $38,900 during the year, what was the amount of cash received from customers? b. If income tax expense for the current year was $57,900 and income tax payable decreased by $7,500 during the year, what was the amount of cash payments for income taxes? c. Briefly explain why the cash received from customers in part (a) is different from sales. Because the customers paid than the amount of sales for the period, cash received from customers sales made on account by $38,900 during the current year.

The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following:a. If sales for the current year were $753,500 and accounts receivable decreased by $48,400 during the year, what was the amount of cash received from customers?b. If income tax expense for the current year was $50,600 and income tax payable decreased by $5,500 during the year, what was the amount of cash payments for income taxes?c. Briefly explain why the cash received from customers in (a) is different from sales.

The cash flows from (used for) operating activities are reported by the direct method on the statement of cash flows. Determine the following: a. If sales for the current year were $558,800 and accounts receivable decreased by $39,700 during the year, what was the amount of cash received from customers?$fill in the blank 1 b. If income tax expense for the current year was $38,900 and income tax payable decreased by $4,500 during the year, what was the amount of cash paid for income taxes?$fill in the blank 2 c. Briefly explain why the cash received from customers in part (a) is different from sales.Because the customers paid than the amount of sales for the period, cash received from customers sales made on account by $39,700 during the current year.

Answer 2

Question

Chapter 12, Problem 15E

(1)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compute: The cash flow on total assets ratio for Year 1 and Year 2.

(2)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compare: The cash flow on total assets ratio of Year 1 with Year 2.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 15E

(1)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compute: The cash flow on total assets ratio for Year 1 and Year 2.

(2)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compare: The cash flow on total assets ratio of Year 1 with Year 2.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 15E

(1)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compute: The cash flow on total assets ratio for Year 1 and Year 2.

(2)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compare: The cash flow on total assets ratio of Year 1 with Year 2.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 15E

(1)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compute: The cash flow on total assets ratio for Year 1 and Year 2.

(2)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compare: The cash flow on total assets ratio of Year 1 with Year 2.

Answer 6

Chapter 12, Problem 15E

(1)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compute: The cash flow on total assets ratio for Year 1 and Year 2.

Answer 7

Chapter 12, Problem 15E

(1)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compute: The cash flow on total assets ratio for Year 1 and Year 2.

Answer 8

(2)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compare: The cash flow on total assets ratio of Year 1 with Year 2.

Answer 9

(2)

To determine

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compare: The cash flow on total assets ratio of Year 1 with Year 2.

Answer 10

Expert Solution & Answer

Answer 11

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Answer 12

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Answer 13

Ch. 12 - Prob. 1QS Ch. 12 - Prob. 2QS Ch. 12 - Prob. 3QS Ch. 12 - Prob. 4QS Ch. 12 - Prob. 5QS Ch. 12 - Prob. 6QS Ch. 12 - Prob. 7QS Ch. 12 - Prob. 8QS Ch. 12 - Prob. 9QS Ch. 12 - Prob. 10QS

Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets. To compute: The cash flow on total assets ratio for Year 1 and Year 2.

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets. To compute: The cash flow on total assets ratio for Year 1 and Year 2.

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets. To compare: The cash flow on total assets ratio of Year 1 with Year 2.

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Chapter 12 Solutions

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compute: The cash flow on total assets ratio for Year 1 and Year 2.

Introduction: Cash flows on total assets ratio indicates the amount generated after getting utilized the total assets owned by the business. The higher ratio indicates efficient use of the assets.

To compare: The cash flow on total assets ratio of Year 1 with Year 2.