orie hw 3 - Kristin Chen ORIE 350 Section #3 02/13/2008...

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ORIE HW #3: worksheet, CH 4(40), CH 6(13,24) 1)  Newman Company Statement of Cash Flows  (Indirect Method) Year Ended Dec. 31,2006 Cash Flow from Operations Net Income  $34,000  Depreciation Expense (Add Back)  15,500  Gain on Sale  (2,000) Net Cash Flow from Operations  $47,500  Cash Flow from Investing Sale of Equpment   $8,500  Net Cash Flow from Investing  $8,500  Cash Flow from Financing N/A N/A Net Cash Flow  $56,000  Cash from Beg.  $20,000  Cash at End  $76,000  2) a. Dr Cr May 1, Year 1 A/R  $1,300,000  Cash  $450,000  Sales Revenue  $1,750,000  b. May 1, Year 1 Cash (A)  $1,250,000  Accounts Receivable (A)  $1,250,000  c. May 1, Year 1 Allowance for Uncollectible Accounts (XA)  $32,000  Accounts Receivable (A)  $32,000  d. May 1, Year 1 Bad Debt Expense (Temp SE)  $26,000  Allowance for Uncoll. Accts. (XA)  $26,000  3) Bobmart Company fiscal 2005   CPFP = CGS +   Inventory -   A/P CGS 955796  Inventory -75626    A/P -21983 Cash Payments for Purchases (CPFP)   Kristin Chen ORIE 350 Section #3 02/13/2008
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CPFP  $902,153  3 continued…
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This note was uploaded on 04/05/2009 for the course ORIE 350 taught by Professor Callister during the Summer '08 term at Cornell University (Engineering School).

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orie hw 3 - Kristin Chen ORIE 350 Section #3 02/13/2008...

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