ZuoTi.Pro
Question

The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed $640,000 in the common...

The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed $640,000 in the common stock account and $5.8 million in the additional retained earnings account. The 2015 statement of financial position showed $680,000 and $6.3 million in the same two accounts, respectively.

  

If the company paid out $625,000 in cash dividends during 2015, what was the cash flow to shareholders for the year? (Enter the answer in thousands.)

  

  Cash flow to shareholders $
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Cash Flow to Shareholders = Dividend Paid - Net new EquityCashflow to Stockholders Cash Dividends Paid - Net New Equity Calculation of Net New Equity: Net New Equity A-B Particulars Common Stock $6,80,000 $ Retained Earnings 63,00,000 $ Totals 69,80,000 2014 6,40,000 58,00,000 64,40,000 Increase In Equity $6980000- $6440000 540000 Cash flow to stockholders $625000 - $540000 $85000

0 0
Add a comment
Know the answer?
Add Answer to:
The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed $640,000 in the common...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

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

  • The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed $490,000 in the common...

    The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed $490,000 in the common stock account and $2.2 million in the additional retained earnings account. The 2015 statement of financial position showed $530,000 and $2.4 million in the same two accounts, respectively. If the company paid out $300,000 in cash dividends during 2015, what was the cash flow to shareholders for the year? (Enter the answer in thousands.)

  • The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed $500,000 in the common...

    The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed $500,000 in the common stock account and $3.3 million in the additional retained earnings account. The 2015 statement of financial position showed $540,000 and $3.5 million in the same two accounts, respectively. If the company paid out $305,000 in cash dividends during 2015, what was the cash flow to shareholders for the year?  (Enter the answer in thousands.)

  • The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed $630,000 in the common...

    The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed $630,000 in the common stock account and $4.9 million in the additional retained earnings account. The 2015 statement of financial position showed $670,000 and $5.4 million in the same two accounts, respectively.    If the company paid out $620,000 in cash dividends during 2015, what was the cash flow to shareholders for the year?

  • The 2017 statement of financial position of Roger’s Tennis Shop Inc. showed $450,000 in the common...

    The 2017 statement of financial position of Roger’s Tennis Shop Inc. showed $450,000 in the common stock account and $2.1 million in the additional retained earnings account. The 2018 statement of financial position showed $490,000 and $2.4 million in the same two accounts, respectively. If the company paid out $400,000 in cash dividends during 2018, what was the cash flow to shareholders for the year? (Enter your answer in thousands of dollars. Omit $ sign in your response.) Cash flow...

  • The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed long-term debt of $2.3...

    The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed long-term debt of $2.3 million, and the 2015 statement of financial position showed long-term debt of $2.55 million. The 2015 statement of comprehensive income showed an interest expense of $190,000. During 2015, Roger’s Tennis Shop Inc. realized the following:   Cash flow to creditors $ -60,000   Cash flow to stockholders $ 415,000 Suppose you also know that the firm’s net capital spending for 2015 was $1,300,000, and that the...

  • The 2014 balance sheet of Maria’s Tennis Shop, Inc., showed $479024 in the common stock account...

    The 2014 balance sheet of Maria’s Tennis Shop, Inc., showed $479024 in the common stock account and $3.9 million in the additional paid-in surplus account. The 2015 balance sheet showed $481970 and $3.9 million in the same two accounts, respectively. If the company paid out $348466 in cash dividends during 2015, what was the cash flow to stockholders for the year

  • The 2014 balance sheet of Sugarpova’s tennis shop, Inc., Showed long-term debt of $6.1 million, and...

    The 2014 balance sheet of Sugarpova’s tennis shop, Inc., Showed long-term debt of $6.1 million, and the 2015 balance sheet showed long-term debt of $6.3 million. The 2015 income statement showed an interest expense of $210,000. During 2015 the company had a cash flow to creditors of $10,000 and the cash flow to stockholders for the year was $65,000. Suppose you also know that the firms net capital spending for 2015 was $1,460,000, and that the firm reduce its network...

  • The 2014 balance sheet of Jordan's Golf Shop, Inc., showed long-term debt of $6.1 million, and...

    The 2014 balance sheet of Jordan's Golf Shop, Inc., showed long-term debt of $6.1 million, and the 2015 balance sheet showed long-term debt of $6.35 million. The 2015 income statement showed an interest expense of $210,000. The 2014 balance sheet showed $600,000 in the common stock account and $5.7 million in the additional paid-in surplus account. The 2015 balance sheet showed $640,000 and $6.2 million in the same two accounts, respectively. The company paid out $605,000 in cash dividends during...

  • The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.9 million, and...

    The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.9 million, and the 2015 balance sheet showed long-term debt of $5.1 million. The 2015 income statement showed an interest expense of $87331. During 2015, Maria’s Tennis Shop, Inc. realized the following: Cash flow to creditors $ 29992   Cash flow to stockholders $ 60514   Suppose you also know that the firm’s net capital spending for 2015 was $3.4 million, and that the firm reduced its net working...

  • The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.5 million, and...

    The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.5 million, and the 2015 balance sheet showed long-term debt of $5.5 million. The 2015 income statement showed an interest expense of $49787. During 2015, Maria's Tennis Shop, Inc. realized the following: Cash flow to creditors $16878 Cash flow to stockholders $71136 Suppose you also know that the firm's net capital spending for 2015 was $2.2 million, and that the firm reduced its net working capital investment...

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