Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 5 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 May 2018 My Price 10.00

Alliance Technologies

Portions of the financial statements for Alliance Technologies are provided below.

ALLIANCE TECHNOLOGIES
Income Statement
For the year ended December 31, 2018
  Net sales   $ 405,000
  Expenses:      
       Cost of goods sold $235,000    
       Operating expenses 70,000    
       Depreciation expense 17,000    
       Income tax expense 27,000    
       
          Total expenses     349,000
       
  Net income   $ 56,000
       
 

 

ALLIANCE TECHNOLOGIES
Selected Balance Sheet Data
December 31, 2018, compared to December 31, 2017
  Decrease in accounts receivable $   7,000
  Increase in inventory 14,000
  Decrease in prepaid rent 10,000
  Increase in salaries payable 6,000
  Decrease in accounts payable 9,000
  Increase in income tax payable 24,000
 

Required:

Prepare the operating activities section of the statement of cash flows for Alliance Technologies using the direct method. (List cash outflows as negative amounts.)

Answers

Maurice Tutor
(5)
Status NEW Posted 04 May 2018 06:05 PM My Price 10.00

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