Chenowith Co. reports revenues of $200,000 and operating expenses

(Computation of Operating ActivitiesDirect Method) Presentedbelow are two independentsituations.Situation A:Chenowith Co. reports revenues of $200,000 and operating expensesof $110,000 in its first year of operations, 2010. Accountsreceivable and accounts payable at year-end were $71,000 and$39,000, respectively. Assume that the accounts payable related tooperating expenses. Ignore income taxes.Instructions: Using the direct method, compute net cash provided(used) by operating activities.Situation B:The income statement for Edgebrook Company shows cost of goods sold$310,000 and operating expenses (exclusive of depreciation)$230,000. The comparative balance sheet for the year shows thatinventory increased $21,000, prepaid expenses decreased $8,000,accounts payable (related to merchandise) decreased $17,000, andaccrued expenses payable increased $11,000.InstructionsCompute (a) cash payments to suppliers and (b) cash payments foroperating expenses.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more