Homework Answers
Cash Flow Statement is as prepared below:
| Southwest Airlines | |
| Statement of Cash Flows | |
| For the Year Ending Dec. 31, 2017 | |
| Cash Flow from Direct Operating Activities | |
| Amount ($) | |
| Cash Flows From Operating Activities | |
| Cash received from customers | 9,770 |
| Cash paid for goods and services | -6,560 |
| Net Cash Provided by Operating Activities | 3,210 |
| Cash flows from investing activities | |
| Cash paid for property and equipment | -1,400 |
| Net cash used by investing activities | -1,400 |
| Cash flows from financing activities | |
| Cash paid for repayment of debt | -119 |
| Cash received from issuance of common stock | 130 |
| Cash received from issuance of long term debt | 510 |
| Cash paid for dividends | -15 |
| Cash paid for repurchase of common stock | -1,000 |
| Net cash used by financing activities: | -494 |
| Net increase in Cash balance | 1,316 |
| Cash at beginning of period | 1,350 |
| Cash at end of period | 2,666 |
Add Answer to:
Question 8 0.78/1 Your answer is partially correct Suppose the following data are derived from the...
Exercise 1-12 Your answer is partially correct. Try again. This information is for Windsor, Inc. for...
Exercise 1-12 Your answer is partially correct. Try again. This information is for Windsor, Inc. for the year ended December 31, 2017. Cash received from lenders $22,800 Cash received from customers 45,600 Cash paid for new equipment 27,500 Cash dividends paid 6,800 Cash paid to suppliers 16,900 Cash balance 1/1/17 11,900 (a) Prepare the 2017 statement of cash flows for Windsor, Inc.. (List negative amounts either with a negative sign preceding the number e.g. -15,000 or in parentheses e.g. (15,000).)
Exeris 1-13 Your anser is partially comeet. Try agan. Suppcsc the tolloning data arc derived from...
Exeris 1-13 Your anser is partially comeet. Try agan. Suppcsc the tolloning data arc derived from th 2017 ranoal statements of Blue Spruce Corp.. (All dollars are in milions. Blue Sprucc Corp. has a December 31 year end Cash balance, anuary 1, 2017 Cash paic for repayment of dett Cash rece ved frem issuance of common stock Cash receved from customers Cash paid for property and equipment Cash paid for dividends Cash paid far repurchase at cammon steck Cash paid...
Exercise 12-5 Your answer is partially correct. Try again. The following information is available for Bridgeport...
Exercise 12-5 Your answer is partially correct. Try again. The following information is available for Bridgeport Corp. for the year ended December 31, 2017. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $ 48,690 4,003 175,284 8,872 11,902 307,396 37,870 12,984...
Question 8 Your answer is partially correct. A current liability is a debt that can be...
Question 8 Your answer is partially correct. A current liability is a debt that can be expected to be paid within| year(s) or the operating cycle whichever is longer. eTextbook and Media On October 31, the stockholders equity section of Sunland Company's balance sheet consists of common stock $ 696,000 and retained earnings $ 397,000. Sunland is considering the following two courses of action (1) (2) Declaring a 5% stock dividend on the 87,000 $ 8 par value shares outstanding...
Exercise 17-8 Your answer is partially correct. Try again. Here are comparative balance sheets for Velo...
Exercise 17-8 Your answer is partially correct. Try again. Here are comparative balance sheets for Velo Company. VELO COMPANY Comparative Balance Sheets December 31 2016 2017 Assets Cash $73,400 $33,100 Accounts receivable 71,200 85,800 Inventory 170,200 187,000 Land 101,000 72,800 Equipment 260,600 200,800 Accumulated depreciation-equipment (66,100) (33,900) Total $596,700 $559,200 Liabilities and Stockholders' Equity Accounts payable $35,000 $47,500 Bonds payable 151,400 203,400 Common stock ($1 par) 217,600 174,100 Retained earnings 192,700 134,200 Total $596,700 $559,200 Additional information: 1. Net income...
Your answer is partially correct. Try again. The following T-account is a summary of the cash...
Your answer is partially correct. Try again. The following T-account is a summary of the cash account of Teal Mountain Company. Cash (Summary Form) Balance, Jan. 1 17,600 Receipts from customers 800,800 Payments for goods Dividends on stock investments 13,200 Payments for operating expenses Proceeds from sale of equipment 79,200 Interest paid Proceeds from issuance of Taxes paid bonds payable 660,000 Dividends paid Balance, Dec. 31 695,200 440,000 308,000 22,000 17,600 88,000 What amount of net cash provided (used) by...
Problem 12-9A Your answer is partially correct. Try again. Condensed financial data of Vaughn Manufacturing follow...
Problem 12-9A Your answer is partially correct. Try again. Condensed financial data of Vaughn Manufacturing follow Vaughn Manufacturing Comparative Balance Sheets December 31 Assets 2017 2016 $109,080 $65,340 Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total 51,300 138,848 35,100 147,150 118,530 151,875 38,340 186,300 384,750327,375 (67,500)(70,200) $921,375 $694,913 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock $ 137,700 22,275 148,500 297,000 315,900 $921,375 $90,855 28,350 197,100 236,250 142,358 $694,913 Retained...
Problem 22-9 Your answer is partially correct. Try again. Whispering Corporation has used the accrual basis...
Problem 22-9 Your answer is partially correct. Try again. Whispering Corporation has used the accrual basis of accounting for several years. A review of the records, however, indicates that some expenses and revenues have been handled on a cash basis and $40,300 net income for or errors made by an nexperienced bookkeepe.Income statements prepared by the bookkeeper reported $31,000 net income for 2016 Further examination of the records reveals that the following items were handled improperly. 1. Rent was received...
Weygandt, Accounting Principles, 12e Help System Announcements Exercise 17-8 Your answer is partially correct. Try again....
Weygandt, Accounting Principles, 12e Help System Announcements Exercise 17-8 Your answer is partially correct. Try again. Here are comparative balance sheets for Velo Company. VELO COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $72,700 86,300 169,700 72,200 260,400 (65,700) $595,600 $33,400 71,100 187,500 101,400 199,300 (34,300) $558,400 $35,500 148,300 217,500 194,300 $595,600 $47,500 203,300...
Using the attached excerpts from Southwest Airlines Co’s 2019 Annual Report answer the following questions....
Using the attached excerpts from Southwest Airlines Co’s 2019
Annual Report answer the following questions. In addition:
All numbers are in $millions (except per share data).
Provide calculations when necessary.
a. Long-term Assets
What is the net book value (NBV) of Southwest’s property, plant
and equipment as of December 31, 2019?
What is the balance of Southwest’s accumulated depreciation
account as of December 31, 2019?
b. Shares Issued and
Outstanding
How many shares of Common Stock were authorized as...
Exercise 1-12 Your answer is partially correct. Try again. This information is for Windsor, Inc. for the year ended December 31, 2017. Cash received from lenders $22,800 Cash received from customers 45,600 Cash paid for new equipment 27,500 Cash dividends paid 6,800 Cash paid to suppliers 16,900 Cash balance 1/1/17 11,900 (a) Prepare the 2017 statement of cash flows for Windsor, Inc.. (List negative amounts either with a negative sign preceding the number e.g. -15,000 or in parentheses e.g. (15,000).)
Exeris 1-13 Your anser is partially comeet. Try agan. Suppcsc the tolloning data arc derived from th 2017 ranoal statements of Blue Spruce Corp.. (All dollars are in milions. Blue Sprucc Corp. has a December 31 year end Cash balance, anuary 1, 2017 Cash paic for repayment of dett Cash rece ved frem issuance of common stock Cash receved from customers Cash paid for property and equipment Cash paid for dividends Cash paid far repurchase at cammon steck Cash paid...
Exercise 12-5 Your answer is partially correct. Try again. The following information is available for Bridgeport Corp. for the year ended December 31, 2017. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $ 48,690 4,003 175,284 8,872 11,902 307,396 37,870 12,984...
Question 8 Your answer is partially correct. A current liability is a debt that can be expected to be paid within| year(s) or the operating cycle whichever is longer. eTextbook and Media On October 31, the stockholders equity section of Sunland Company's balance sheet consists of common stock $ 696,000 and retained earnings $ 397,000. Sunland is considering the following two courses of action (1) (2) Declaring a 5% stock dividend on the 87,000 $ 8 par value shares outstanding...
Exercise 17-8 Your answer is partially correct. Try again. Here are comparative balance sheets for Velo Company. VELO COMPANY Comparative Balance Sheets December 31 2016 2017 Assets Cash $73,400 $33,100 Accounts receivable 71,200 85,800 Inventory 170,200 187,000 Land 101,000 72,800 Equipment 260,600 200,800 Accumulated depreciation-equipment (66,100) (33,900) Total $596,700 $559,200 Liabilities and Stockholders' Equity Accounts payable $35,000 $47,500 Bonds payable 151,400 203,400 Common stock ($1 par) 217,600 174,100 Retained earnings 192,700 134,200 Total $596,700 $559,200 Additional information: 1. Net income...
Your answer is partially correct. Try again. The following T-account is a summary of the cash account of Teal Mountain Company. Cash (Summary Form) Balance, Jan. 1 17,600 Receipts from customers 800,800 Payments for goods Dividends on stock investments 13,200 Payments for operating expenses Proceeds from sale of equipment 79,200 Interest paid Proceeds from issuance of Taxes paid bonds payable 660,000 Dividends paid Balance, Dec. 31 695,200 440,000 308,000 22,000 17,600 88,000 What amount of net cash provided (used) by...
Problem 12-9A Your answer is partially correct. Try again. Condensed financial data of Vaughn Manufacturing follow Vaughn Manufacturing Comparative Balance Sheets December 31 Assets 2017 2016 $109,080 $65,340 Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total 51,300 138,848 35,100 147,150 118,530 151,875 38,340 186,300 384,750327,375 (67,500)(70,200) $921,375 $694,913 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock $ 137,700 22,275 148,500 297,000 315,900 $921,375 $90,855 28,350 197,100 236,250 142,358 $694,913 Retained...
Problem 22-9 Your answer is partially correct. Try again. Whispering Corporation has used the accrual basis of accounting for several years. A review of the records, however, indicates that some expenses and revenues have been handled on a cash basis and $40,300 net income for or errors made by an nexperienced bookkeepe.Income statements prepared by the bookkeeper reported $31,000 net income for 2016 Further examination of the records reveals that the following items were handled improperly. 1. Rent was received...
Weygandt, Accounting Principles, 12e Help System Announcements Exercise 17-8 Your answer is partially correct. Try again. Here are comparative balance sheets for Velo Company. VELO COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $72,700 86,300 169,700 72,200 260,400 (65,700) $595,600 $33,400 71,100 187,500 101,400 199,300 (34,300) $558,400 $35,500 148,300 217,500 194,300 $595,600 $47,500 203,300...
Using the attached excerpts from Southwest Airlines Co’s 2019
Annual Report answer the following questions. In addition:
All numbers are in $millions (except per share data).
Provide calculations when necessary.
a. Long-term Assets
What is the net book value (NBV) of Southwest’s property, plant
and equipment as of December 31, 2019?
What is the balance of Southwest’s accumulated depreciation
account as of December 31, 2019?
b. Shares Issued and
Outstanding
How many shares of Common Stock were authorized as...
Most questions answered within 3 hours.
-
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 31 minutes ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 2 hours ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 3 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 4 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 4 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 6 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 6 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 6 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 7 hours ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 8 hours ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 8 hours ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 8 hours ago