Homework Answers
Ans. Option E -$30
Explanation and calculation: To calculate Cash flow to creditors we need to subtract the ending long term debt from interest paid and then beginning long term debt is added to the result.
Particulars Amount
Interest paid. $40
Less: Ending long term debt. -$420
Add: Beginning long term debt. $350
Cash flow to creditors. -$30
Add Answer to:
need assistance with formula
2020 Sales 2019 $ 740 COGS 230 $ 785 440 Interest Dividends...
i need assistance with the formula 2020 2019 $ 740 Sales $ 785 COGS 430 440...
i need assistance with the formula
2020 2019 $ 740 Sales $ 785 COGS 430 440 Interest 33 40 Dividends 16 Depreciation Cash Accounts receivables Current liabilities Inventory 350 420 Long-term debt Net fixed assets 1,680 35% 1,413 35% Tax rate What is net capital spending for 2020? A. $25 B. $87 OC.-877 D.-$92 E. -$57
Sales COGS Depreciation Interest Tax rate 2018 $ 740 430 250 33 2019 $ 785 460...
Sales COGS Depreciation Interest Tax rate 2018 $ 740 430 250 33 2019 $ 785 460 210 35 35% 35% Dividends 16 17 75 Cash Accounts receivables Inventory Net fixed assets Current liabilities Long-term debt Common stock 70 563 662 1,680 390 340 700 502 640 1,413 405 410 235 UUUUU UUUU 700 23: 1. What is the net working capital for 2019? 2. What is the change in net working capital from 2018 to 2019?! 3. What is net...
B.S. & I.S. 2016+ 2019] Socal Furniture, Inc. (Smillion) 2018 2019 Sales $ 740 $ 785...
B.S. & I.S. 2016+ 2019] Socal Furniture, Inc. (Smillion) 2018 2019 Sales $ 740 $ 785 COGS 430 460 Depreciation 250 210 33 35 Interest 35% 35% Tax rate Dividends 16 17 70 75 Cash 563 502 Accounts receivables 662 Inventory 1,680 1,413 Net fixed assets 390 405 Current liabilities 340 410 Long-term debt 700 235 Common stock 640 1. What is the net working capital for 2019? 2. What is the change in net working capital from 2018 to...
Condensed financial data of Swifty Company for 2020 and 2019 are presented below. Additional information: During...
Condensed financial data of Swifty Company for 2020 and 2019 are
presented below.
Additional information:
During the year, $70 of common stock was issued in exchange for
plant assets. No plant assets were sold in 2020.
Prepare a statement of cash flows using the direct method.
(Show amounts in the investing and financing sections
that decrease cash flow with either a - sign e.g. -15,000 or in
parenthesis e.g. (15,000).)
SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020...
Salza Technology Corporation increased its sales from $375,000 in 2018 to $450,000 in 2019 as shown...
Salza Technology Corporation increased its sales from $375,000
in 2018 to $450,000 in 2019 as shown in the firm’s income
statements presented below. LeAnn Sands, chief executive officer
and founder of the firm, expressed concern that the cash account
and the firm’s marketable securities declined substantially between
2018 and 2019. Salza’s complete balance sheets are also shown. Ms.
Sands is seeking your assistance in the preparation of a statement
of cash flows for Salza Technology.
Use your calculations from Part...
Module 2 Assignment ABC Inc. 2020 sales are $1,000,000. Operating costs (excluding depreciation) are 65% of...
Module 2 Assignment ABC Inc. 2020 sales are $1,000,000. Operating costs (excluding depreciation) are 65% of sales. Net fixed assets are $195,000. Depreciation amounted to 12% of net fixed assets. Interest expenses are $105,000. The tax bill must be calculated using the corporate income tax table in the text, and ABC Inc. paid 8% of net income in dividends. Prepare ABC Inc.’s income statement for 2018: ABC Inc. Income Statement 2020 Sales Operating costs (excluding depreciation) EBITDA Depreciation EBIT Interest...
Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC....
Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 2021 2020 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities $ 75 $ 65 Accrued wages and taxes $ 40 $ 43 Accounts receivable 115 110 Accounts payable 90 80 Inventory 200 190 Notes payable 80 70 Total $ 390 $ 365 Total $ 210...
BJ was forecasting expansion of sales in the Midwest and Western parts of the country. To...
BJ was forecasting expansion of sales in the Midwest and Western parts of the country. To accommodate the forecast growth, it was planning on investing $2.4m over the next 18 months, of which $2m will be spent in 2019 and the remaining amount in 2020. It was anticipated this investment would fulfill the company's need for facilities for several years. Construction of a new warehouse in the MidWest was expected to be completed in early 2020. BJ's accountant forecast total...
please help. File Home Insert Page Layout Formulas Data | - 10-AN = Paste * Cut...
please help.
File Home Insert Page Layout Formulas Data | - 10-AN = Paste * Cut Ca Copy Format Painter Clipboard D23 Font НА ЛИ UBLIC 1 Homework Assignment 2 Data Sheet Assumptions 2017 2016 650 935 50 25 5 Accounts payables 885 6 Accounts receivables 950 7 Net Sales 7,800 5,500 8 Common stock 350 350 9 Operating costs 5,243 3,756 10 Gross fixed assets 4,500 3,500 11 Interest expense 12 Long-term debt 2,000 1,800 13 Depreciation & amortization...
Need Help filling in all yellow blocks. Thank you in advance! 2 Joshua & White Technologies:...
Need Help filling in all yellow blocks. Thank you in
advance!
2 Joshua & White Technologies: December 31 Balance Sheets 3 Thousands of Dollars) 2016 21,000 3,759 52,500 Assets 6 Cash and cash equivalents Short-term investments 8 Accounts Receivable g Inventories 10 Total current assets 11 Net fixed assets 12 Total assets 2015 20,000 3,240 48,000 84000 56.000 $161,259 $127,240 218400 200,000 $379,659 $327 240 4 Liabilities and equity 15 Accounts payable 16 Accruals 17 Notes payable 18 Total current...
i need assistance with the formula
2020 2019 $ 740 Sales $ 785 COGS 430 440 Interest 33 40 Dividends 16 Depreciation Cash Accounts receivables Current liabilities Inventory 350 420 Long-term debt Net fixed assets 1,680 35% 1,413 35% Tax rate What is net capital spending for 2020? A. $25 B. $87 OC.-877 D.-$92 E. -$57
Sales COGS Depreciation Interest Tax rate 2018 $ 740 430 250 33 2019 $ 785 460 210 35 35% 35% Dividends 16 17 75 Cash Accounts receivables Inventory Net fixed assets Current liabilities Long-term debt Common stock 70 563 662 1,680 390 340 700 502 640 1,413 405 410 235 UUUUU UUUU 700 23: 1. What is the net working capital for 2019? 2. What is the change in net working capital from 2018 to 2019?! 3. What is net...
B.S. & I.S. 2016+ 2019] Socal Furniture, Inc. (Smillion) 2018 2019 Sales $ 740 $ 785 COGS 430 460 Depreciation 250 210 33 35 Interest 35% 35% Tax rate Dividends 16 17 70 75 Cash 563 502 Accounts receivables 662 Inventory 1,680 1,413 Net fixed assets 390 405 Current liabilities 340 410 Long-term debt 700 235 Common stock 640 1. What is the net working capital for 2019? 2. What is the change in net working capital from 2018 to...
Condensed financial data of Swifty Company for 2020 and 2019 are
presented below.
Additional information:
During the year, $70 of common stock was issued in exchange for
plant assets. No plant assets were sold in 2020.
Prepare a statement of cash flows using the direct method.
(Show amounts in the investing and financing sections
that decrease cash flow with either a - sign e.g. -15,000 or in
parenthesis e.g. (15,000).)
SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020...
Salza Technology Corporation increased its sales from $375,000
in 2018 to $450,000 in 2019 as shown in the firm’s income
statements presented below. LeAnn Sands, chief executive officer
and founder of the firm, expressed concern that the cash account
and the firm’s marketable securities declined substantially between
2018 and 2019. Salza’s complete balance sheets are also shown. Ms.
Sands is seeking your assistance in the preparation of a statement
of cash flows for Salza Technology.
Use your calculations from Part...
BJ was forecasting expansion of sales in the Midwest and Western parts of the country. To accommodate the forecast growth, it was planning on investing $2.4m over the next 18 months, of which $2m will be spent in 2019 and the remaining amount in 2020. It was anticipated this investment would fulfill the company's need for facilities for several years. Construction of a new warehouse in the MidWest was expected to be completed in early 2020. BJ's accountant forecast total...
please help.
File Home Insert Page Layout Formulas Data | - 10-AN = Paste * Cut Ca Copy Format Painter Clipboard D23 Font НА ЛИ UBLIC 1 Homework Assignment 2 Data Sheet Assumptions 2017 2016 650 935 50 25 5 Accounts payables 885 6 Accounts receivables 950 7 Net Sales 7,800 5,500 8 Common stock 350 350 9 Operating costs 5,243 3,756 10 Gross fixed assets 4,500 3,500 11 Interest expense 12 Long-term debt 2,000 1,800 13 Depreciation & amortization...
Need Help filling in all yellow blocks. Thank you in
advance!
2 Joshua & White Technologies: December 31 Balance Sheets 3 Thousands of Dollars) 2016 21,000 3,759 52,500 Assets 6 Cash and cash equivalents Short-term investments 8 Accounts Receivable g Inventories 10 Total current assets 11 Net fixed assets 12 Total assets 2015 20,000 3,240 48,000 84000 56.000 $161,259 $127,240 218400 200,000 $379,659 $327 240 4 Liabilities and equity 15 Accounts payable 16 Accruals 17 Notes payable 18 Total current...
Most questions answered within 3 hours.
-
. A 100.0 mL sample of 0.18 M HClO4 is titrated with 0.27 M
LiOH. Determine...
asked 9 minutes ago -
A regression equation that describes the relationship between
the amount of the bill ($) at a...
asked 1 hour ago -
exercise on VSEPR and molecular structrue.
octahedral
SeCl62-
TeCl62-
ClF62-
distorted
SeF62–
IF6–
asked 1 hour ago -
284 mL of a 0.52 M potassium hydroxide solution is added to 467
mL of a...
asked 1 hour ago -
Little’s Law: Val d’Costa is a world famous ski village in the
French Alps. Because of...
asked 2 hours ago -
Find the absolute error D for the calculation if A + B/C=D A=
9.4 +/- 0.4...
asked 2 hours ago -
New Air Heating and Cooling, manufactures furnaces and central
air units. The company pride itself on...
asked 2 hours ago -
A coach uses a new technique to train gymnasts. Seven
gymnasts were randomly selected and their...
asked 4 hours ago -
While rotating the tires on your car you notice a rock [mass =
0.1 Kg] stuck...
asked 6 hours ago -
Using MARS simulator, write MIPS programs according to
the following scenarios: Receive a positive integer number...
asked 8 hours ago -
An object in front of a concave mirror has a real image that is
11.5 cm...
asked 8 hours ago -
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 10 hours ago