Homework Answers
a)
Net cash provided by operating activities = Collections from customers - Interest and taxes paid - Cash paid to suppliers and employees
= 1,327 - 81 - 808
= $438 million
b)
Net cash used by investing activities = Proceeds from sale of equipment - Purchase of land and building
= 61 - 161
= - $100 million
c)
Net cash used by Financing activities = Issuance of preferred stock - Payment of long term debt - Cash dividend paid
= 308 - 206 - 334
= - $232 million
d)
Net increase in cash = Net cash provided by operating activities - Net cash used by investing activities - Net cash used by Financing activities
= 438 - 100 - 232
= $106 million
Kindly give a positive rating if you are satisfied with the answer. Feel free to ask if you have any doubt. Thanks.
Add Answer to:
please answer full question
The following information is available from Bromfield Co.'s accounting records for the...
please show work The following information is available from Bromfield Co.'s accounting records for the year...
please show work
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions): Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock Proceeds from the sale of equipment $ 329 99 1,346 202 157 797 303 53 Required: a. Calculate the net cash provided (used) by operating activities...
The following information is available from Bromfield Co.'s accounting records for the year ended December 31,...
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 famounts in millions): $ 319 1,349 Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock Proceeds from the sale of equipment 165 826 305 Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year...
The following information is available from Bromfield Co.'s accounting records for the year ended December 31,...
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions) Cash dividends declared and paid $ 334 Interest and taxes paid 91 Collections from customers 1,339 Payment of long-term debt . 210 Purchase of land and buildings 156 Cash paid to suppliers and 813 employees Issuance of preferred stock Proceeds from the sale of equipment Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for...
The following information is available from the accounting records of Manahan Co. for the year ended...
The following information is available from the accounting records of Manahan Co. for the year ended December 31, 2019: Net cash provided by financing activities Dividends paid Loss from discontinued operations, net of tax savings of $36,600 Income tax expense Other selling expenses Net Sales Advertising expense Accounts receivable Cost of goods sold General and administrative expenses $105,000 20,000 109,800 25, 346 14,200 642,600 47,000 61,880 366,282 142,700 Required: a. Calculate the operating income for Manahan Co. for the year...
The following information is available from the accounting records of Manahan Co. for the year ended...
The following information is available from the accounting records of Manahan Co. for the year ended December 31, 2016: Net cash provided by financing activities $ 107,000 Dividends paid 19,900 Loss from discontinued operations, net of tax savings of $37,133 111,400 Income tax expense 25,586 Other selling expenses 12,900 Net sales 642,800 Advertising expense 47,200 Accounts receivable 56,400 Cost of goods sold 366,396 General and administrative expenses 143,200 Required: a. Calculate the operating income for Manahan Co. for the year...
The financial statements of Pouchie Co. included the following information for the year ended December 31,...
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions): $ 130 165 410 S Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net income Beginning cash balance Proceeds of conmon stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase 192 60 74 106 8 20 19 22 Required: Complete the following statement of...
The financial statements of Pouchie Co. included the following information for the year ended December 31,...
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions) $258 318 816 378 143 171 Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net income Beginning cash balance Proceeds of common stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase Required: Complete the following statement of cash flows, using the indirect method. (Amounts...
The following information is available from the accounting records of Spenser Co. for the year ended...
The following information is available from the accounting records of Spenser Co. for the year ended December 31, 2019: Selling, general, and administrative expenses $ 61,200 Accounts payable 102,000 Research and development expenses 44,400 Loss from discontinued operations, net of tax savings of $6,000 19,200 Provision for income taxes 88,800 Net sales 694,800 Interest expense 76,800 Net cash provided by operations 177,600 Cost of goods sold 326,400 Required: a. Calculate the operating income for Spenser Co. for the year ended...
The following information is available for Whispering Winds Corp. for 2022. Cash used to purchase treasury...
The following information is available for Whispering Winds Corp. for 2022. Cash used to purchase treasury stock$ 122,655 Cash dividends paid55,590 Cash paid for interest57,120 Net income1,183,965 Sales revenue2,045,100 Cash paid for taxes252,450 Cash received from customers1,443,555 Cash received from sale of building (at book value)503,880 Cash paid for operating expenses196,350 Beginning cash balance28,050 Cash paid for goods and services711,705 Cash received from issuing common stock905,250 Cash paid to redeem bonds at maturity510,000 Cash paid to purchase equipment288,660 Prepare a...
The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning...
The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning cash balance $21,600 Accounts payable increase 5,130 Depreciation expense 36,900 Accounts receivable decrease 4,320 Inventory decrease 2,790 Net income 51,480 Cash received for sale of land at book value 93,600 Cash dividends paid 34,200 Income taxes payable decrease 3,510 Cash used to purchase land 72,900 Cash used to redeem bonds 59,400 Cash received from issuing stock 144,000 Vaughn Manufacturing Statement of Cash Flows-Indirect Method...
please show work
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions): Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock Proceeds from the sale of equipment $ 329 99 1,346 202 157 797 303 53 Required: a. Calculate the net cash provided (used) by operating activities...
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 famounts in millions): $ 319 1,349 Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock Proceeds from the sale of equipment 165 826 305 Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year...
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions) Cash dividends declared and paid $ 334 Interest and taxes paid 91 Collections from customers 1,339 Payment of long-term debt . 210 Purchase of land and buildings 156 Cash paid to suppliers and 813 employees Issuance of preferred stock Proceeds from the sale of equipment Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for...
The following information is available from the accounting records of Manahan Co. for the year ended December 31, 2019: Net cash provided by financing activities Dividends paid Loss from discontinued operations, net of tax savings of $36,600 Income tax expense Other selling expenses Net Sales Advertising expense Accounts receivable Cost of goods sold General and administrative expenses $105,000 20,000 109,800 25, 346 14,200 642,600 47,000 61,880 366,282 142,700 Required: a. Calculate the operating income for Manahan Co. for the year...
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions): $ 130 165 410 S Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net income Beginning cash balance Proceeds of conmon stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase 192 60 74 106 8 20 19 22 Required: Complete the following statement of...
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions) $258 318 816 378 143 171 Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net income Beginning cash balance Proceeds of common stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase Required: Complete the following statement of cash flows, using the indirect method. (Amounts...
The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning cash balance $21,600 Accounts payable increase 5,130 Depreciation expense 36,900 Accounts receivable decrease 4,320 Inventory decrease 2,790 Net income 51,480 Cash received for sale of land at book value 93,600 Cash dividends paid 34,200 Income taxes payable decrease 3,510 Cash used to purchase land 72,900 Cash used to redeem bonds 59,400 Cash received from issuing stock 144,000 Vaughn Manufacturing Statement of Cash Flows-Indirect Method...
Most questions answered within 3 hours.
-
You are one of the first engineers hired into the
manufacturing engineering department at a brand...
asked 28 seconds from now -
Suppose car models A, B, and C are popular among drivers.
Suppose 12% of the drivers...
asked 16 minutes ago -
write a program that finds the number of zeros in an 8-bit data
item using assembly...
asked 17 minutes ago -
Which statement is always true: The total energy of a closed
system...
A) is always equally...
asked 31 minutes ago -
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 2 hours ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 3 hours ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 4 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 4 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 5 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 6 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 7 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 8 hours ago