PART B 1. Identify ONLY two items that are sources and ONLY two items that are uses of cash from the list of accounting items given. Increase in Notes payable Dividends paid Decrease in Accounts Payable Increase in Fixed Assest Increase in Long term debts Increase in Accounts Receivables Increase in Inventory Decrease in accrual /4/ 2. Given the financial data for All Time Low Incorporated, compute the following measures of cash flows for the NEW for the year ended December 31, 2005 2004 Depreciation EBIT 2005 $3,000 30,000 Interest Expenses 3,000 Taxes 8,000 Cash $21,000 24,000 Accounts Receivable 39,000 45,000 Inventory 27,000 30,000 Net fixed assets 22,000 24,000 Accounts payable 25,000 30,000 Notes payable 50,000 40,000 Accruals 1,000 2,000 a. Operating Cash Flow /2/ b. Free Cash Flow /5/ 25

Using the Exhibit below, assume that the balance of Accounts Payable was $60,000 at the beginning of the current year.  Furthermore, assume that the balance of Accounts Payable is $65,000 at the end of the current year.  When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of accounts payable on the Cash flow from operating activities section? EXHIBIT                                                                                           Increase                                                                                     (Decrease)      Net Income (loss)                                                         $XXX Adjustments to reconcile net income to net cash flow        from operating activities:    Depreciation of fixed assets                                       XXX    Losses on disposal of assets                                      XXX    Gains on disposal of…

The item listed below belongs on the Statement of Cash Flows.  Using formulas and cell links, complete the Statement of Cash Flows. Items for the Statement of Cash Flowws 01/01/21   12/31/21   Increase (Decrease)     Davidson Company Statment of Cash Flow For the Year Ended Dec, 31,2021         Cash 42,000   60,000                     Accounts Recevable 254,000   314,200         Cash Flows from operation activities           Inventory 78,500   117,100                     Accounts Payable 164,200   204,800         Net Cash Provided used by operating Activities           Short-term notes Payable 65,000   27,200                                     Cash Flows from investing Activities           Net income for 2021 230,200                         Purchase of Equipment 84,000             Net Cash Provided used by investing Activities           Depreciation Expense 26,600                         Payments of Cash Dividends 91,600             Cash Flows from Financing…

Concord Corporation had the following transactions that took place during the year: I. Recorded credit sales of $3050 I. Collected $1830 from customers III. Recorded sales returns of $610 and credited the customer's account. What is the total effect of these transactions on free cash flow? Cannot be determined O Increase Decrease O No Effect

Using the Exhibit below, assume that the balance of Accounts Payable was $50,000 at the beginning of the current year.  Furthermore, assume that the balance of Accounts Payable is $35,000 at the end of the current year.  When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of accounts payable on the Cash flow from operating activities section? EXHIBIT                                                                                          Increase                                                                                     (Decrease)      Net Income (loss)                                                         $XXX Adjustments to reconcile net income to net cash flow        from operating activities:    Depreciation of fixed assets                                       XXX    Losses on disposal of assets                                      XXX    Gains on disposal of…

The following items appeared on the financial statements of Washington Company. Line Item Description Amount Accounts receivable, January 1 $13,395 Accounts receivable, December 31 6,901 Accounts payable, January 1 5,645 Accounts payable, December 31 8,721 Inventory, January 1 6,686 Inventory, December 31 16,260 Sales 73,071 Cost of goods sold 34,443 Washington Company uses the direct method to report cash flows from (used for) operating activities. Assume that all accounts payable are owed to merchandise suppliers. Cash payments for merchandise were

Calculate the operating cash index for the below quarter.

Dive In Company was started several years ago by two diving instructors. The company's comparative balance sheets and income statement, as well as additional information, are presented below. Balance Sheet at December 31 Cash Accounts Receivable. Prepaid Rent Total Assets Salaries and Wages Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Service Revenue Salaries and Wages Expense Rent and Office Expenses Net In Current Year $ 3,340 1,100 110 $ 4,550 $ 400 1,300 2,850 $ 4,550 $ 35,050 31,000 3,700 $ 350 Previous Year Additional Data: a. Rent is paid in advance each month, and Office Expenses are paid in cash as incurred. b. An owner contributed capital by paying $250 cash in exchange for the company's stock. $ 4,145 550 55 $4,750 $ 1,200 1,050 2,500 $4,750