College For Financial Planning Operations And Supply Chain Management Assignment Help - Andronache Inc

Question - 1. During the quarter, Andronache Inc. collected $100 of cash from customers, paid $60 of cash
to suppliers, paid $30 of cash to employees and other creditors, and recorded a $5 loss on
sale of equipment. There were no other cash flows related to operating activities.

What was Andronache s Cash Flow from Operations during the quarter?
$25
$15
$20
$5
$10
Question 2
Krishnamoorthy Ltd. had Revenue of $1000, Depreciation and Amortization Expense of $100,
Interest Expense of $100, and Tax Expense of $50. All other Expenses were $400. What was
Krishnamoorthy s EBITDA?
$1000
$250
$600
$500
$400
Question 3
Sankararaman Co. s Balance Sheet had the following line item:

12/31/2012 12/31/2011
Accounts Receivable, net of allow ...Read More ances of $500 and $450, respectively $9,200 $8,400

What percentage of gross accounts receivable does Sankararaman expect to be
uncollectable as of 12/31/2012?
5.08%
5.01%
5.36%
5.15%
4.43%
Question 4
Charilaou Inc. s footnotes had the following line item:

12/31/2012 12/31/2011
Allowance for Doubtful Accounts $800 $650

Charilaou also disclosed that Bad Debt Expense was $1000 in 2012 and $890 in 2011. There
were no recoveries of previously-written off accounts in either year. W hat were total write-offs
of uncollectable accounts for the year ended 12/31/2012?
$110
$850
$150
$1,150
$800

Question 5
Kr ger Ltd. s Statement of Cash Flows had the following line items:

2012 2011
Bad Debt Expense, net $1,500 $350
Increase in Accts Receivable $(6,600) $(2,900)

Kr ger reported Sales of $150,000 during the year ended 12/31/2012. How much cash did Kr
ger collect from customers during the year ended 12/31/2012?
$143,400
$141,900
$150,000
$148,500
$156,600
Question 6
A retail company, Lindley-Mart, had the following line item on its Balance Sheet:

12/31/2012 12/31/2011
Inventory $2,500 $2,200

Lindley-Mart s Income Statement had the following line item:

2012 2011
Cost of Goods Sold $65,000 $59,000

How much inventory did Lindley-Mart purchase during the year ended 12/31/2012?
$58,700
$64,700
$65,000
$59,300
$65,300
Question 7
Rizzello Co. incurred the following costs during the quarter:

Raw materials used in production $132,000
Marketing materials used by sales staff $114,000
Wages of factory workers $191,000
Salaries of sales staff $391,000
Depreciation on factory and production equipment $152,000
Depreciation on headquarters building $132,000
Manufacturing overhead $172,000

How much of these costs would have been recorded in Rizzello's W ork in Process Inventory
account during the quarter?
$647,000
$1,252,000

$779,000
$488,000
$495,000
Question 8
A manufacturing company, Tsang Industries Ltd., had the following line items in a footnote:

12/31/2012 12/31/2011
Raw Materials $150 $140
Work in Process $215 $200
Finished Goods $250 $240
$615 $580
LIFO Reserve $(100) $(60)
Total Inventory $515 $520

Tsang Industries Income Statement had the following line item:

2012 2011
Cost of Goods Sold $1,850 $1,725

What would Tsang Industries s Cost of Goods Sold had been if they had used the FIFO
inventory method for the year ended 12/31/2012?
$1,850
$1,750
$1,950
$1,890
$1,810 ...Read Less

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