Question

Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $377536; costs...

Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $377536; costs = $207599; other expenses = $5599; depreciation expense = $19626; interest expense = $14418; taxes = $17979; dividends = $11067. In addition, you’re told that the firm issued $6302 in new equity during 2015 and redeemed $3402 in outstanding long-term debt. What is the 2015 cash flow to shareholders?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Cash Flow to Shareholders means cash distributed to shareholders through Dividend payment and payment of any shares trough retirement of shares are issue of fresh new shares.

In given question there is dividend paid to shareholders and fresh issue of shares is given.

Cash Flow to Shareholders = Dividend Paid to Shareholders - Cash received from shareholders from fresh issue

Cash Flow to Shareholders = $ 11,067 - $ 6,302

Cash Flow to Shareholders = $ 4,765

Add a comment
Know the answer?
Add Answer to:
Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $377536; costs...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT