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胖婷肥周 · 2024年03月21日

不是应该减去资产变动加上负债变动吗?

NO.PZ2023081403000054

问题如下:

Q. An analyst gathered the information in Exhibit 1 from a company’s 2018 financial statements:

Exhibit 1:

2018 Financial Statements (US dollars, millions)

Based only on the information in Exhibit 1, the company’s 2018 statement of cash flows in the direct format would include amounts (in US dollars millions) for cash received from customers and cash paid to suppliers, respectively, that are closest to:

选项:

Cash received from customers

Cash paid to suppliers


A.

249.7

169.7

B.

259.5

174.5

C.

259.5

182.1

解释:

C is correct. Cash received from customers = Sales + Decrease in accounts receivable = 254.6 + 4.9 = 259.5. Cash paid to suppliers = Cost of goods sold + Increase in inventory – Increase in accounts payable = 175.9 + 8.8 – 2.6 = 182.1.

所以给出去的,应该是175.9-8.8+2.6=169.7,没有正确答案啊,为啥这个里面符号变了

1 个答案

lynn_品职助教 · 2024年03月22日

嗨,爱思考的PZer你好:


因为现金流的符号只代表方向,支出就是加负号


根据公式cash received from customers= Opening A/R + net sales – Closing A/R= 73.2+254.6-68.3=259.5。


现金流的支出我们都加一个负号,-cash paid to suppliers=- COGS –Δinv + ΔA/P + Depreciation included in COGS,


本题没有Depreciation included in COGS,所以-cash paid to suppliers=- COGS –Δinv + ΔA/P= -175.9-(47.8-39)+(22.9-20.3)= -182.1。

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