Homework Answers
WN 1 - Working for Dividend paid
| Sales | $ 45,494 | |
| Less: Expenses | ||
| Taxes | $ -2,775 | |
| Operatng expenses | $ -18,172 | |
| Interest expenses | $ -417 | |
| Depreciation expenses | $ -2,842 | |
| COGS | $ -18,383 | |
| Total expenses | $ -42,589 | |
| Net income | $ 2,905 | |
| Add: Retained earnings previous years | $ 28,950 | |
| Less: Retained earnings current years | $ -29,088 | |
| Dividends paid | $ 2,767 |
| Cash received from customers ($45,494+6082-6561) | $ 45,015 | |
| Cash paid to suppliers ($18,383+8117-7,732+4,811-4,217) | $ -19,362 | |
| Cash paid for operating expenses ($18,172+1,001-1,338) | $ -17,835 | |
| Cash paid for interest expense | $ -417 | |
| Cash paid for income tax expense | $ -2,775 | |
| Cash flow from operations | $ 4,626 | |
| Cash paid to purchase of fixed assets ($54,405-$51,748-2,842) | $ -5,499 | |
| Net cash used by investing activities | $ -5,499 | |
| Cash received from issuance of common stock ($12,767-$11,966) | $ 801 | |
| Cash received from long term debt ($4,943-4,951+14,127-13,124) | $ 995 | |
| Cash received from by issue of Notes ($9,835-$4,340) | $ 5,495 | |
| Cash paid for dividends (WN 1) | $ -2,767 | |
| Net cash provided by financing activities | $ 4,524 | |
| Change in cash ($4,626-$5,499+$4,524) | $ 3,651 |
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Item Prior year Current year Accounts payable 8,117.00 7,732.00 Accounts receivable 6,082.00 6,561.00 Accruals 1,001.00 1,338.00...
Item Accounts payable Accounts receivable Accruals Prior year 8,149.00 6,028.00 1,010.00 ??? 10,788.00 12,775.00 Current year...
Item Accounts payable Accounts receivable Accruals Prior year 8,149.00 6,028.00 1,010.00 ??? 10,788.00 12,775.00 Current year 7,737.00 6,620.00 1,428.00 ??? 11,860.00 18,310.00 Cash Common Stock COGS Current portion long-term debt 4,914.00 4,979.00 Depreciation expense 2,500 2,776.00 Interest expense 733 417 Inventories Long-term debt 4,256.00 13,396.00 50,653.00 4,318.00 4,811.00 14,582.00 54,141.00 9,990.00 Net fixed assets Notes payable Operating expenses (excl. depr.) 13,977 18,172 Retained earnings Sales 28,918.00 35,119 2,084 30,352.00 46,737.00 2,775 Taxes What is the firm's cash flow from operations?...
Item Prior year Current year Accounts payable 8,165.00 7,972.00 Accounts receivable 6,074.00 6,701.00 Accruals 987.00 1,428.00...
Item Prior year Current year Accounts payable 8,165.00 7,972.00 Accounts receivable 6,074.00 6,701.00 Accruals 987.00 1,428.00 Cash ??? ??? Common Stock 11,259.00 12,379.00 COGS 12,698.00 18,045.00 4,915.00 5,017.00 Current portion long-term debt 2,500 2,833.00 Depreciation expense Interest expense 733 417 Inventories 4,298.00 4.779.00 Long-term debt 14,999.00 14,350.00 Net fixed assets 51,749.00 54,092.00 Notes payable 4,314.00 9,971.00 13,977 18,172 Operating expenses (excl. depr.) Retained earnings 28,584.00 30,160.00 Sales 35,119 4 5,713.00 Taxes 2,084 2,775 What is the firm's cash flow from...
Item Prior year Current year Accounts payable 8,117.00 7,732.00 Accounts receivable 6,082.00 6,561.00 Accruals 1,001.00 1,338.00...
Item Prior year Current year Accounts payable 8,117.00 7,732.00 Accounts receivable 6,082.00 6,561.00 Accruals 1,001.00 1,338.00 Cash ??? ??? Common Stock 11,966.00 12,767.00 COGS 12,780.00 18,383.00 Current portion long-term debt 4,951.00 4,943.00 Depreciation expense 2,500 2,842.00 Interest expense 733 417 Inventories 4,217.00 4,811.00 Long-term debt 13,124.00 14,127.00 Net fixed assets 51,748.00 54,405.00 Notes payable 4,340.00 9,835.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,950.00 29,088.00 Sales 35,119 45,494.00 Taxes 2,084 2,775 What is the firm's cash flow from operations?
Item Prior year Current year Accounts payable 8,165.00 7,972.00 Accounts receivable 6,074.00 6,701.00 Accruals 987.00 1,428.00...
Item Prior year Current year Accounts payable 8,165.00 7,972.00 Accounts receivable 6,074.00 6,701.00 Accruals 987.00 1,428.00 Cash ??? ??? Common Stock 11,259.00 12,379.00 COGS 12,698.00 18,045.00 Current portion long-term debt 4,915.00 5,017.00 Depreciation expense 2,500 2,833.00 Interest expense 733 417 Inventories 4,298.00 4,779.00 Long-term debt 14,999.00 14,350.00 Net fixed assets 51,749.00 54,092.00 Notes payable 4,314.00 9,971.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,584.00 30,160.00 Sales 35,119 45,713.00 Taxes 2,084 2,775 What is the firm's cash flow from operations?
Item Prior year Current year Accounts payable 8,170.00 7,976.00 Accounts receivable 6,072.00 6,584.00 Accruals 980.00 1,428.00...
Item Prior year Current year Accounts payable 8,170.00 7,976.00 Accounts receivable 6,072.00 6,584.00 Accruals 980.00 1,428.00 Cash ??? ??? Common Stock 10,670.00 11,962.00 COGS 12,744.00 18,126.00 Current portion long-term debt 4,944.00 5,096.00 Depreciation expense 2,500 2,842.00 Interest expense 733 417 Inventories 4,131.00 4,775.00 Long-term debt 14,904.00 13,357.00 Net fixed assets 51,730.00 54,198.00 Notes payable 4,397.00 9,847.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,255.00 30,304.00 Sales 35,119 45,771.00 Taxes 2,084 2,775 What is the firm's cash flow from investing?
Item Prior year Current year Accounts payable 8,190.00 7,761.00 Accounts receivable 6,051.00 6,785.00 Accruals 969.00 1,584.00...
Item Prior year Current year Accounts payable 8,190.00 7,761.00 Accounts receivable 6,051.00 6,785.00 Accruals 969.00 1,584.00 Cash ??? ??? Common Stock 11,677.00 12,874.00 COGS 12,656.00 18,302.00 Current portion long-term debt 4,941.00 4,981.00 Depreciation expense 2,500 2,795.00 Interest expense 733 417 Inventories 4,175.00 4,785.00 Long-term debt 14,368.00 14,794.00 Net fixed assets 51,857.00 54,127.00 Notes payable 4,378.00 9,837.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,348.00 29,341.00 Sales 35,119 45,356.00 Taxes 2,084 2,775 What is the firm's total change in cash...
really need help, thanks Item Prior year Current year Accounts payable 8,105.00 7,930.00 Accounts receivable 6,001.00...
really need help, thanks
Item Prior year Current year Accounts payable 8,105.00 7,930.00 Accounts receivable 6,001.00 6,663.00 Accruals 1,033.00 1,698.00 Cash ??? ??? Common Stock 10,235.00 12,315.00 COGS 12,615.00 18,222.00 Current portion long-term debt 5,007.00 5,028.00 Depreciation expense 2,500 2,816.00 Interest expense 733 417 Inventories 4,191.00 4.777.00 Long-term debt 13,790.00 13,871.00 Net fixed assets 50,627.00 54,072.00 Notes payable 4,334.00 9,997.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28.734.00 29,483.00 COGS Current portion long-term debt 5,007.00 5,028.00 Depreciation expense 2,500...
Item Prior year Current year Accounts payable ??? ??? Accounts receivable 6,064.00 6,738.00 Accruals 1,026.00 1...
Item Prior year Current year Accounts payable ??? ??? Accounts receivable 6,064.00 6,738.00 Accruals 1,026.00 1,309.00 Cash 8,115.00 7,885.00 Common Stock 10,433.00 11,537.00 COGS 12,629.00 18,073.00 Current portion long-term debt 4,987.00 5,050.00 Depreciation expense 2,500 2,766.00 Interest expense 733 417 Inventories 4,171.00 4,820.00 Long-term debt 13,075.00 13,459.00 Net fixed assets 51,937.00 54,207.00 Notes payable 4,323.00 9,895.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,703.00 29,564.00 Sales 35,119 46,477.00 Taxes 2,084 2,775 What is the balance of the Accounts Payable...
Item Accounts payable Prior year 8,195.00 6,092.00 952.00 Accounts receivable Accruals Current year 7,798.00 6,633.00 1,528.00...
Item Accounts payable Prior year 8,195.00 6,092.00 952.00 Accounts receivable Accruals Current year 7,798.00 6,633.00 1,528.00 ??? 11,768.00 18,032.00 Cash ??? Common Stock 10,311.00 12,777.00 COGS Current portion long-term debt 4,924.00 5,004.00 Depreciation expense 2,500 2,790.00 Interest expense 733 417 Inventories Long-term debt 4,223.00 14,323.00 51,166.00 4,304.00 4,815.00 13,942.00 54,013.00 9,899.00 Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings 13,977 18,172 Sales 28,792.00 35,119 2,084 29,522.00 46,306.00 2,775 Taxes What is the firm's total change in cash...
Item Accounts payable Prior year 8,149.00 6,034.00 986.00 Current year 7,947.00 6,796.00 1,561.00 Accounts receivable Accruals...
Item Accounts payable Prior year 8,149.00 6,034.00 986.00 Current year 7,947.00 6,796.00 1,561.00 Accounts receivable Accruals ??? ??? Cash Common Stock 10,116.00 12,706.00 11,521.00 18,209.00 COGS Current portion long-term debt 5,096.00 4,945.00 Depreciation expense 2,802.00 2,500 733 Interest expense 417 Inventories Long-term debt Net fixed assets 4,245.00 13,601.00 51,491.00 4,363.00 4,806.00 13,871.00 54,840.00 9,968.00 Notes payable Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 29,848.00 28,163.00 35,119 Sales 45.288.00 Taxes 2,084 2,775 What is the firm's cash flow from financing?...
Item Accounts payable Accounts receivable Accruals Prior year 8,149.00 6,028.00 1,010.00 ??? 10,788.00 12,775.00 Current year 7,737.00 6,620.00 1,428.00 ??? 11,860.00 18,310.00 Cash Common Stock COGS Current portion long-term debt 4,914.00 4,979.00 Depreciation expense 2,500 2,776.00 Interest expense 733 417 Inventories Long-term debt 4,256.00 13,396.00 50,653.00 4,318.00 4,811.00 14,582.00 54,141.00 9,990.00 Net fixed assets Notes payable Operating expenses (excl. depr.) 13,977 18,172 Retained earnings Sales 28,918.00 35,119 2,084 30,352.00 46,737.00 2,775 Taxes What is the firm's cash flow from operations?...
Item Prior year Current year Accounts payable 8,165.00 7,972.00 Accounts receivable 6,074.00 6,701.00 Accruals 987.00 1,428.00 Cash ??? ??? Common Stock 11,259.00 12,379.00 COGS 12,698.00 18,045.00 4,915.00 5,017.00 Current portion long-term debt 2,500 2,833.00 Depreciation expense Interest expense 733 417 Inventories 4,298.00 4.779.00 Long-term debt 14,999.00 14,350.00 Net fixed assets 51,749.00 54,092.00 Notes payable 4,314.00 9,971.00 13,977 18,172 Operating expenses (excl. depr.) Retained earnings 28,584.00 30,160.00 Sales 35,119 4 5,713.00 Taxes 2,084 2,775 What is the firm's cash flow from...
Item Prior year Current year Accounts payable 8,117.00 7,732.00 Accounts receivable 6,082.00 6,561.00 Accruals 1,001.00 1,338.00 Cash ??? ??? Common Stock 11,966.00 12,767.00 COGS 12,780.00 18,383.00 Current portion long-term debt 4,951.00 4,943.00 Depreciation expense 2,500 2,842.00 Interest expense 733 417 Inventories 4,217.00 4,811.00 Long-term debt 13,124.00 14,127.00 Net fixed assets 51,748.00 54,405.00 Notes payable 4,340.00 9,835.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,950.00 29,088.00 Sales 35,119 45,494.00 Taxes 2,084 2,775 What is the firm's cash flow from operations?
really need help, thanks
Item Prior year Current year Accounts payable 8,105.00 7,930.00 Accounts receivable 6,001.00 6,663.00 Accruals 1,033.00 1,698.00 Cash ??? ??? Common Stock 10,235.00 12,315.00 COGS 12,615.00 18,222.00 Current portion long-term debt 5,007.00 5,028.00 Depreciation expense 2,500 2,816.00 Interest expense 733 417 Inventories 4,191.00 4.777.00 Long-term debt 13,790.00 13,871.00 Net fixed assets 50,627.00 54,072.00 Notes payable 4,334.00 9,997.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28.734.00 29,483.00 COGS Current portion long-term debt 5,007.00 5,028.00 Depreciation expense 2,500...
Item Accounts payable Prior year 8,195.00 6,092.00 952.00 Accounts receivable Accruals Current year 7,798.00 6,633.00 1,528.00 ??? 11,768.00 18,032.00 Cash ??? Common Stock 10,311.00 12,777.00 COGS Current portion long-term debt 4,924.00 5,004.00 Depreciation expense 2,500 2,790.00 Interest expense 733 417 Inventories Long-term debt 4,223.00 14,323.00 51,166.00 4,304.00 4,815.00 13,942.00 54,013.00 9,899.00 Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings 13,977 18,172 Sales 28,792.00 35,119 2,084 29,522.00 46,306.00 2,775 Taxes What is the firm's total change in cash...
Item Accounts payable Prior year 8,149.00 6,034.00 986.00 Current year 7,947.00 6,796.00 1,561.00 Accounts receivable Accruals ??? ??? Cash Common Stock 10,116.00 12,706.00 11,521.00 18,209.00 COGS Current portion long-term debt 5,096.00 4,945.00 Depreciation expense 2,802.00 2,500 733 Interest expense 417 Inventories Long-term debt Net fixed assets 4,245.00 13,601.00 51,491.00 4,363.00 4,806.00 13,871.00 54,840.00 9,968.00 Notes payable Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 29,848.00 28,163.00 35,119 Sales 45.288.00 Taxes 2,084 2,775 What is the firm's cash flow from financing?...
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