Money Badger and Associates, P.C. has sales of $681,463, COGS and SG&A totaling
ID: 2612550 • Letter: M
Question
Money Badger and Associates, P.C. has sales of $681,463, COGS and SG&A totaling $241,915, depreciation expense of $115,116, and taxes paid of $80,400. A partial listing of its balance sheet accounts is as follows:
Beginning Balance
Ending Balance
Current Assets
$131,700
$119,600
Net Fixed Assets
$712,500
$689,200
Current Liabilities
$108,900
$122,100
Long-Term Debt
$796,000
$830,500
What is the amount of Money Badger's cash flow from assets?
Beginning Balance
Ending Balance
Current Assets
$131,700
$119,600
Net Fixed Assets
$712,500
$689,200
Current Liabilities
$108,900
$122,100
Long-Term Debt
$796,000
$830,500
Explanation / Answer
Cash Flow Statement Particulars Amount Profit after Tax $244,032.00 Add: Tax Expense $80,400.00 Add: Depreciation $115,116.00 Cash Flow Generating from Operation $439,548.00 Add: Decrease in Current Assets $12,100.00 Add: Increase in Current Liabilities $13,200.00 Cash Flow from Operating Activities $464,848.00 Sale of Fixed Assets $23,300.00 Cash Flow from Investing Activities $23,300.00 Amount Sales $681,463.00 Less: Cost of Goods Sold $241,915.00 Less: Depreciation Expense $115,116.00 Profit before Tax $324,432.00 Less: Tax Expense $80,400.00 Profit after tax $244,032.00
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