Homework Answers
| Average inventory = ( Beginning inventory + Ending inventory ) / 2 = ( 2600 + 2890 ) / 2 | 2745 |
| Average accounts receivables = ( Beginning accounts receivables + Ending accounts receivables ) / 2 = ( 3222 + 2800 ) / 2 | 3011 |
| Inventory period = ( Average inventory / Cost of goods sold ) * Days in a year = ( 2745 / 19630 ) * 365 | 51.0 |
| Accounts receivables period = ( Average accounts receivables / Net sales ) * Days in a year = ( 3011 / 24589 ) * 365 | 44.7 |
| Operating cycle = Inventory period + Accounts receivables period = 51.0 + 44.7 | 95.7 |
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Question 4 2 pts You are provided the following working capital information for the Blue Ridge...
Question 6 2 pts You are provided the following working capital information for the Blue Ridge...
Question 6 2 pts You are provided the following working capital information for the Blue Ridge Company: Beginning Ending Account Balance Balance $ 2,600 Inventory $2,890 Accounts 3,222 2,800 receivable Accounts 2,500 2,670 payable Net sales 24,589 Cost of goods 19,630 sold If all sales are made on credit, what are the firm's cash conversion cycles? Round intermediate and final answer to 1 decimal place.
Crescent Industries management is planning to replace some existing machinery in its plant. The cost of...
Crescent Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table. If the firm uses an 18 percent discount rate for projects like this. What is the NPV? Give the answer as a whole number. Year Cash Flow - $3,300,000 875,123 966,222 1,145,000 1,250,399 1,504,445 You are provided the following working capital information for the Blue Ridge Company: Account Beginning Balance...
You have collected the following information for the Mumias limited: Item Beginning Ending Inventory $6,000 $4,000...
You have collected the following information for the Mumias limited: Item Beginning Ending Inventory $6,000 $4,000 Accounts Receivable $1,800 $2,600 Accounts payable $2,800 $5,000 Credit sales for the year just ended were $ 50,000 and cost of goods sold was $30,000 Required How long does it take Mumias Ltd to collect on its receivables? How long does merchandise stay around before it is sold How long does Mumias Ltd take to pay its bills Calculate the cash cycle and operating...
The Michael Brantley Corporation has provided the following data for preparing its budgeted balance sheet for...
The Michael Brantley Corporation has provided the following data for preparing its budgeted balance sheet for next year. Cash Accounts receivable Supplies Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending Balances ? $ 9, 100 $ 2,600 $ 39,800 $ 15,800 $ 2,800 $ 5,000 The beginning balance of retained earnings was $27.000, net income is budgeted to be $16,600, and dividends are budgeted to be $3.100 Required: Prepare the company's budgeted balance sheet (Amounts to be...
Following question #2, how much is the change in net working capital for Beta? Beta, Inc...
Following question #2, how much is the change in net working capital for Beta? Beta, Inc has an operating cash flow of $75,400, depreciation expense of $9,000, and interests paid of $7,500. A partial listing of its balance sheet accounts is as follows: Beginning Balance Ending Balance Current assets Net fixed assets Current liabilities 165,600 467,000 159,180 183,100 432,180 177,650 a) $970 b) $3,790 c) $0 d) -$3,790 e)-$970
Question 44 6 pts Compute the following ratios using the selected financial statement information presented below....
Question 44 6 pts Compute the following ratios using the selected financial statement information presented below. Earnings per share Working capital Return on sales Financial Statement Information: 2019 2018 16,000 12,000 Net sales Cost of Goods Sold 8,600 6,800 200 290 Interest expense Income from operations Net income 3,400 2,000 2,800 1,700 INCLLUT 2019 Accounts receivable 4,200 1,500 Accounts payable Building Cash 25,000 5,500 2,000 2,200 Common Stock (1,000 shares) Inventory Mortgage payable Unearned revenue 22,600 500 Pro
7. All of the following are components of working capital as of December 31, 2018 except: A. Accounts payable due d...
7. All of the following are components of working capital as of December 31, 2018 except: A. Accounts payable due during 2019 Inventory C. Receivables due by January 31, 2019 D. Outstanding balance of a line of credit due on January 1, 2020 The Three Amigos Company reports sales revenue of $250,000 on its income statement. Expenses totaled $20,000 and it paid dividends of $10,000. Its balance sheet reveals beginning and ending accounts receivable of $50,000 and $47,000, respectively. The...
Using the attached information to develop and complete a Sources and Uses of Net Working Capital...
Using the attached information to develop and complete a Sources and Uses of Net Working Capital Statement below. The Change in the Net Working Capital Year Current Assets - Current Liabilities - Net Working Capital 2016 2017 Change in Net Working Capital The Sources and Uses of Net Working Capital Sources of NWC Uses of NWC Profits (Retained Earnings) S Payment of dividends Sales of fixed assets Purchase of fixed assets Sales of investments Purchase of investments Long-term loans taken...
D Question 49 4 pts The following financial information is from Bronco Company. All debt is...
D Question 49 4 pts The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. Common Stock $100,000 Interest Payable $5,000 Supplies $2,000 Cash $25,000 Notes Payable (due in 18 months) $75,000 Accounts Payable $15,000 Accounts Receivable $22,000 Deferred Revenue $9,000 Retained Earnings $50,000 Equipment $110,000 What is the amount of current liabilities? Question 51 20 pts Use the following to answer the questions Net Sales $900,000 Gross profit $405,000 Beginning inventory...
Question 78 (2 points) The following information pertains to Blue Flower Company. Assume that all balance...
Question 78 (2 points) The following information pertains to Blue Flower Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 45,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant and equipment | 210,000 Total Assets $310.000 Liabilities and Stockholders' Equity Current liabilities $ 60,000 Long-term liabilities 95,000 Stockholders' equity-common | 155.000 Total Liabilities and Stockholders' Equity $310.000 Income Statement Sales revenue Cost...
Question 6 2 pts You are provided the following working capital information for the Blue Ridge Company: Beginning Ending Account Balance Balance $ 2,600 Inventory $2,890 Accounts 3,222 2,800 receivable Accounts 2,500 2,670 payable Net sales 24,589 Cost of goods 19,630 sold If all sales are made on credit, what are the firm's cash conversion cycles? Round intermediate and final answer to 1 decimal place.
Crescent Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table. If the firm uses an 18 percent discount rate for projects like this. What is the NPV? Give the answer as a whole number. Year Cash Flow - $3,300,000 875,123 966,222 1,145,000 1,250,399 1,504,445 You are provided the following working capital information for the Blue Ridge Company: Account Beginning Balance...
The Michael Brantley Corporation has provided the following data for preparing its budgeted balance sheet for next year. Cash Accounts receivable Supplies Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending Balances ? $ 9, 100 $ 2,600 $ 39,800 $ 15,800 $ 2,800 $ 5,000 The beginning balance of retained earnings was $27.000, net income is budgeted to be $16,600, and dividends are budgeted to be $3.100 Required: Prepare the company's budgeted balance sheet (Amounts to be...
Following question #2, how much is the change in net working capital for Beta? Beta, Inc has an operating cash flow of $75,400, depreciation expense of $9,000, and interests paid of $7,500. A partial listing of its balance sheet accounts is as follows: Beginning Balance Ending Balance Current assets Net fixed assets Current liabilities 165,600 467,000 159,180 183,100 432,180 177,650 a) $970 b) $3,790 c) $0 d) -$3,790 e)-$970
Question 44 6 pts Compute the following ratios using the selected financial statement information presented below. Earnings per share Working capital Return on sales Financial Statement Information: 2019 2018 16,000 12,000 Net sales Cost of Goods Sold 8,600 6,800 200 290 Interest expense Income from operations Net income 3,400 2,000 2,800 1,700 INCLLUT 2019 Accounts receivable 4,200 1,500 Accounts payable Building Cash 25,000 5,500 2,000 2,200 Common Stock (1,000 shares) Inventory Mortgage payable Unearned revenue 22,600 500 Pro
7. All of the following are components of working capital as of December 31, 2018 except: A. Accounts payable due during 2019 Inventory C. Receivables due by January 31, 2019 D. Outstanding balance of a line of credit due on January 1, 2020 The Three Amigos Company reports sales revenue of $250,000 on its income statement. Expenses totaled $20,000 and it paid dividends of $10,000. Its balance sheet reveals beginning and ending accounts receivable of $50,000 and $47,000, respectively. The...
Using the attached information to develop and complete a Sources and Uses of Net Working Capital Statement below. The Change in the Net Working Capital Year Current Assets - Current Liabilities - Net Working Capital 2016 2017 Change in Net Working Capital The Sources and Uses of Net Working Capital Sources of NWC Uses of NWC Profits (Retained Earnings) S Payment of dividends Sales of fixed assets Purchase of fixed assets Sales of investments Purchase of investments Long-term loans taken...
D Question 49 4 pts The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. Common Stock $100,000 Interest Payable $5,000 Supplies $2,000 Cash $25,000 Notes Payable (due in 18 months) $75,000 Accounts Payable $15,000 Accounts Receivable $22,000 Deferred Revenue $9,000 Retained Earnings $50,000 Equipment $110,000 What is the amount of current liabilities? Question 51 20 pts Use the following to answer the questions Net Sales $900,000 Gross profit $405,000 Beginning inventory...
Question 78 (2 points) The following information pertains to Blue Flower Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 45,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant and equipment | 210,000 Total Assets $310.000 Liabilities and Stockholders' Equity Current liabilities $ 60,000 Long-term liabilities 95,000 Stockholders' equity-common | 155.000 Total Liabilities and Stockholders' Equity $310.000 Income Statement Sales revenue Cost...
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