help me as soon as possible, please! Thanks in advance! Compute “Operating Incom
ID: 2407717 • Letter: H
Question
help me as soon as possible, please! Thanks in advance!
Compute “Operating Income” for the Electric Enterprise Fund (“EEF”).
A. The EEF had the following cash flows from operations:
Cash received from customers
2,800,000
Cash paid to suppliers of goods and services
(800,000)
Cash paid to employees
(600,000)
Cash paid for utilities
(100,000)
B. In addition, the EEF had the following accrual-to-cash operating income adjustments:
Depreciation Expense: $800,000
Decrease in Net Payables: $50,000
Increase in Net Receivables: $100,000
Cash received from customers
2,800,000
Cash paid to suppliers of goods and services
(800,000)
Cash paid to employees
(600,000)
Cash paid for utilities
(100,000)
Explanation / Answer
Sales revenue 2900000 =2800000+100000 Expenses: Cost of goods sold 750000 =800000-50000 Salaries 600000 Utilities 100000 Depreciation 800000 2250000 Operating income 650000
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