How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Neo Your Own Question

Neo
Neo, Bachelor's Degree
Category: Single Problem
Satisfied Customers: 12044
Experience:  BS Accounting
Type Your Single Problem Question Here...
Neo is online now
A new question is answered every 9 seconds

The income statement of Rodriquez Company is shown below.

Resolved Question:

The income statement of Rodriquez Company is shown below.


RODRIQUEZ COMPANY
Income Statement
For the Year Ended December 31, 2010

Sales $6,900,000
Cost of goods sold
Beginning inventory 1,900,000
Purchases
4,400,000


Goods available for sale 6,300,000
Ending inventory
1,600,000


Cost of goods sold
4,700,000

Gross profit 2,200,000
Operating expenses
Selling expenses 450,000
Administrative expenses
700,000

1,150,000

Net income
$1,050,000


Additional information:

Accounts receivable decreased $310,000 during the year.
Prepaid expenses increased $170,000 during the year.
Accounts payable to suppliers of merchandise decreased $275,000 during the year.
Accrued expenses payable decreased $120,000 during the year.
Administrative expenses include depreciation expense of $60,000.
Instructions

Complete the operating activities section of the statement of cash flows for the year ended December 31, 2010, for Rodriquez Company, using the direct method.
Submitted: 2 years ago.
Category: Single Problem
Expert:  KellyV2012 replied 2 years ago.

KellyV2012 :

Hi, I would like to assist you. Please advise the deadline...Thanks,

Expert:  Neo replied 2 years ago.
Good day!

Please download HERE.

Please do not forget to click the Accept button beside my answer.

Thank you so much! :)
Neo, Bachelor's Degree
Category: Single Problem
Satisfied Customers: 12044
Experience: BS Accounting
Neo and 4 other Single Problem Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX
 
 
 

Meet The Experts:

 
 
 
  • linda_us

    Master's Degree

    Satisfied Customers:

    763
    Business Analyst and Solution Consultant with over 9 years of experience.
< Last | Next >
  • http://ww2.justanswer.com/uploads/LI/lindaus/2012-6-10_04811_IMG20120609164157.64x64.jpg linda_us's Avatar

    linda_us

    Master's Degree

    Satisfied Customers:

    763
    Business Analyst and Solution Consultant with over 9 years of experience.
  • http://ww2.justanswer.com/uploads/BU/BusinessTutor/2012-2-2_115741_Kouki2.64x64.jpg Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany

    Bachelor's Degree

    Satisfied Customers:

    347
    Finished my BA degree with a GPA of 4.0.
  • http://ww2.justanswer.com/uploads/ED/educatortech/2012-6-7_1256_williams4.64x64.jpg Mr. Gregory White's Avatar

    Mr. Gregory White

    Master's Degree

    Satisfied Customers:

    264
    M.A., M.S. Education / Educational Administration
  • http://ww2.justanswer.com/uploads/JK/jkcpa/2011-1-16_182614_jkcpa.64x64.jpg Bizhelp's Avatar

    Bizhelp

    CPA

    Satisfied Customers:

    251
    BA degree and Certified Public Accountant
  • http://ww2.justanswer.com/uploads/JawaadAhmed/2009-6-27_12137_SIs_SHadi.jpg F. Naz's Avatar

    F. Naz

    B.Com

    Satisfied Customers:

    167
    Have completed B.Com and CA Finalist
  • http://ww2.justanswer.com/uploads/YO/youngda2/2011-12-23_135741_2011012417.37.18.64x64.jpg Dave CPA's Avatar

    Dave CPA

    Accountant

    Satisfied Customers:

    98
    Sound knowledge base in accounting and finance.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg MyVirtualCPA's Avatar

    MyVirtualCPA

    Master's Degree

    Satisfied Customers:

    86
    Master's Degree in Accounting with excellent math and reasoning skills