Homework Answers
answer $323100
net income+depreciation charge-gain on sale of asset-increase in recievables-decrease in payables=cash generate from operation activities
given
depreciation charge is 36000
gain on sale of equipment is 21000
net income is 317500
increaseor decrease in recievables= prior year balance - current year balance
increase in recievables=47000-52600=5600
as compared to the prior year accounts recievables the balance of accounts recievable of current year is higher.therfore there is an increase in accounts recievable.
increase or decrease in payables=prior year balance - current year balance
decrease in payable=28000-24200=3800
as compared to the prior year accounts payable the balance of accounts payable of current year is lower.which means the cash is paid out there is a decrease in accounts payable of 3800
cash generate from operation activities=317500+36000-21000-5600-3800=323100
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