Andronache Inc

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$10Question 2Krishnamoorthy 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$400Question 3Sankararaman Co.’s Balance Sheet had the following line item: 12/31/2012 12/31/2011Accounts Receivable, net of allowances of $500 and $450, respectively $9,200 $8,400What 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 4Charilaou Inc.’s footnotes had the following line item: 12/31/2012 12/31/2011Allowance for Doubtful Accounts $800 $650Charilaou 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. What were total write-offs of uncollectable accounts for the year ended 12/31/2012?$110$850$150$1,150$800Question 5Krüger Ltd.’s Statement of Cash Flows had the following line items: 2012 2011Bad Debt Expense, net $1,500 $350Increase in Accts Receivable $(6,600) $(2,900)Krüger reported Sales of $150,000 during the year ended 12/31/2012. How much cash did Krüger collect from customers during the year ended 12/31/2012?$143,400$141,900$150,000$148,500$156,600Question 6A retail company, Lindley-Mart, had the following line item on its Balance Sheet: 12/31/2012 12/31/2011Inventory $2,500 $2,200Lindley-Mart’s Income Statement had the following line item: 2012 2011Cost of Goods Sold $65,000 $59,000How much inventory did Lindley-Mart purchase during the year ended 12/31/2012?$58,700$64,700$65,000$59,300$65,300Question 7Rizzello Co. incurred the following costs during the quarter:Raw materials used in production $132,000Marketing materials used by sales staff $114,000Wages of factory workers $191,000Salaries of sales staff $391,000Depreciation on factory and production equipment $152,000Depreciation on headquarters building $132,000Manufacturing overhead $172,000How much of these costs would have been recorded in Rizzello’s Work in Process Inventory account during the quarter?$647,000$1,252,000$779,000$488,000$495,000Question 8A manufacturing company, Tsang Industries Ltd., had the following line items in a footnote: 12/31/2012 12/31/2011Raw Materials $150 $140Work in Process $215 $200Finished Goods $250 $240 $615 $580LIFO Reserve $(100) $(60)Total Inventory $515 $520Tsang Industries’ Income Statement had the following line item: 2012 2011Cost of Goods Sold $1,850 $1,725What 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