Use the following information for VPI Co. to prepare a statement of cash flows for the year ended December 31 using the indirect method.

Cash balance at prior year-end $40,000
Gain on sale of machinery $2,000
Increase in inventory 5,000
Cash received from sale of machinery 9,500
Depreciation expense 4,000
Increase in accounts payable 1,500
Cash received from issuing stock 8,000
Net income 23,000
Cash paid for dividends 1,000
Decrease in accounts receivable 3,000

Answer:

                                         VPI CO

                                  Statement of Cash flows

                      For the Current year ended December 31

Cash flow from Operating activities  

Net Income                                                               $23,000

Adjustments to reconcile net income to

net cash provided by operating activities  

Depreciation Expense                                              $4,000

Gain on sale of Machinery                                       $(2,000)

Changes in Current Operating assets and liabilities  

Decrease in Accounts Receivable                           $3,000

Increase in Inventory                                                 $(5,000)

Increase in Accounts Payable                                   $1,500

Net cash Provided by operating activities                                  $24,500

Cash flows from Investing Activities

Cash Received from Sale of Machinery                    $9,500

Net cash Provided by Investing activities                                     $9,500

Cash flows from financing Activities

Cash Received from Issuing Stock                             $8,000

Cash Paid for Dividend                                                $(1,000)

Net cash Provided by financing activities                                    $7,000

Net increase in Cash                                                                       $41,000

Cash Balance at Prior Year-end                                                     $40,000

Cash Balance at Current Year-end                                                $81,000

Do you think you would want a credit card in college? Why or why not ?

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Sales (Units) Purchases (Units)
July 210,000 222,000
August 290,000 290,000
September 290,000 273,500

Required:
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(B) The current account balance must be positive
(C) The trade balance must be negative.
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May $164,000 June $145,000
July $206,000 August $181,000
September 168,000 October 203,000
November 209,000 December 185,000

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Cost of Normal Spoilage
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what is the meaning of dialogue​

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February 225 $6,250
March 1,000 $15,000
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May 1,750 $32,500
June 3,015 $48,000
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Total Fixed Cost Variable Cost per Unit

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