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E12–20.

Req. 1

Cash flows from operating activities—direct method
Cash collected from customers1 $59,000
Cash payments to employees2 (35,000)
Cash paid for other expenses3 (11,500)
Net cash provided by operating activities ........................................... $12,500

1. Cash collected from customers = Sales revenue + Decrease in Accounts
receivable
$54,000 + $5,000 = $59,000
2. Cash payments to employees = Salaries expense – Increase in Salaries
payable
$46,000 – $11,000 = $35,000
3. Cash paid for other expenses = Other expenses + Decrease in Other accrued
liabilities
$9,700 + $1,800= $11,500

Req. 2
The first reason for the net loss was the depreciation expense. This is a non-
cash expense. Depreciation expense, along with decreased working capital
requirements (current assets - current liabilities), turned the net loss into
positive operating cash flow. The reasons for the difference between net
income and cash flow are important because they help the financial analyst
determine if the trends are sustainable or whether they represent one-time
events.

La primera razón de la pérdida neta fue el gasto de depreciación. Se trata de un
gasto no monetario. El gasto de depreciación, junto con la disminución de los
requerimientos de capital de trabajo (activos corrientes - pasivos corrientes),
convirtieron la pérdida neta en un flujo de efectivo operativo positivo. Las razones
de la diferencia entre el ingreso neto y el flujo de caja son importantes porque
ayudan al analista financiero a determinar si las tendencias son sostenibles o si
representan eventos de una sola vez.

Req.600 2.600 Cash payments to employees (55.702) Cash payments for income tax4 (220) Net cash provided by operating activities $30.500 + $602 = $11. Los grandes gastos de depreciación y amortización.E12–21. convirtieron la pérdida de Trumansburg en un flujo de efectivo operativo positivo. 1 Cash flows from operating activities—direct method Cash collected from customers1 $151.280 = $220 Req.520) Cash payments for other expenses3 (11. along with decreased working capital requirements. Las razones de la diferencia entre el ingreso neto y el flujo de efectivo de las operaciones son importantes porque ayudan al analista financiero a determinar si las tendencias son sostenibles o si representan eventos de una sola vez . The reasons for the difference between net income and cash flow from operations are important because they help the financial analyst to determine if the trends are sustainable or whether they represent one-time events La razón principal de la pérdida neta fue el gasto de depreciación y amortización. turned Trumansburg’snet loss into positive operating cash flow.600 + $1.500 – $1. Cash collected from customers = Revenues +Decrease in Accounts receivable $150.758 1. Large depreciation and amortization expense. Cash payments for other expenses = Other expense + Increase in Prepaid expenses + Decrease in Accrued liabilities $9.500 – $230–$1.702 4. Estos representan gastos no monetarios.520 3. Cash payments to suppliers: Cost of sales – Decrease in Inventories –Increase in Accounts payable $55.800 + $800 = $151. 2 The primary reason for the net loss was the depreciation and amortization expense. Cash payments for income tax = Income tax expense – Increase in income taxes payable $1.750 = $53.400) Cash payments to suppliers2 (53. junto con la disminución de los requerimientos de capital de trabajo. These represent non-cash expenses.