BE 4.11 – Hilliard Healthcare Co (Prepare Operating Section)
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Prepare the cash flows from the operating activities section.
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Prepare the cash flows from the operating activities section.
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Prepare the cash flows from investing and financing activities sections of the statement of cash flows
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They give you the net income, depreciation, prepaid rent, salaries, and taxes payable. They ask you for a cash flow statement using the indirect method.
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Given a summary of cash transactions during the year they ask you to prepare a statement of cash flows under IFRS.
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Given the accounts receivable and inventory balances at both the beginning and ending of the year along with the sales and gross profit… determine both the receivables and inventory turnover ratios.
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BE 4-16: They provide net sales, income, assets and equity and ask for profit margin, return on assets, return on equity. BE 4-17: Asks for the DuPont framework for return on equity.
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Given the net sales, the total inventory at both the beginning and end of the year, and the inventory turnover ratio… calculate the gross profit.
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Determine plantwide overhead rate, department overhead rates, manufacturing costs per unit.
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Compute department overhead rates and total cost of overhead.
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Compute the plantwide overhead rate and total overhead using direct labor hours as the base.