Homework Answers
| Cash flow from operations tells us the amount of money a company brings in from ongoing regular business activities from selling goods or selling a service. | ||||||||||
| Calculate the net income of LaMont industries as follows | ||||||||||
| Add | Cash flow from operations | 19300 | ||||||||
| subtract | Depreciation expense | 2300 | ||||||||
| subtract | Interest expense | 600 | ||||||||
| subtract | taxes | 1400 | ||||||||
| Net income | 15000 | |||||||||
| Number of shares outstanding | 40000 | |||||||||
| Earnings per share | Net income/Number of shares outstanding | |||||||||
| Earnings per share | 15000/40000 | |||||||||
| Earnings per share | 0.375 | |||||||||
| The earnings per share for last year was $.375. | ||||||||||
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LaMont Industries had cash flow from operations of $19,300 last year. The depreciation expense was $2,300,...
Sheryl's Shipping had sales last year of $12,000. The cost of goods sold was $6,900, general...
Sheryl's Shipping had sales last year of $12,000. The cost of goods sold was $6,900, general and administrative expenses were $1,400, interest expenses were $900, and depreciation was $1,400. The firm's tax rate is 21%. a. What are earnings before interest and taxes? Earnings before interest and taxes $ 2300 b. What is net income? Net income c. What is cash flow from operations? Cash flow from operations
In 2015, Zigs Industries had operating cash flow of $6271, interest expense of $2797 and depreciation...
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In 2015, Zigs Industries had operating cash flow of $6625, interest expense of $2030 and depreciation...
In 2015, Zigs Industries had operating cash flow of $6625, interest expense of $2030 and depreciation of 4013. At the beginning of the year, net fixed assets were $16207, current assets were $5312, and current liabilities were $3767. At the end of the year, net fixed assets were $19029, current assets were $7430, and current liabilities were $3570. What is the cash flow to shareholders for 2015?
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In 2015, Zigs Industries had operating cash flow of $7296, interest expense of $2770 and depreciation...
In 2015, Zigs Industries had operating cash flow of $7296, interest expense of $2770 and depreciation of 4256. At the beginning of the year, net fixed assets were $16682, current assets were $5322, and current liabilities were $3216. At the end of the year, net fixed assets were $19436, current assets were $7929, and current liabilities were $3234. What is the cash flow to shareholders for 2015?
Compare income statment and balance sheet for the last two years any changes? analyize cash flow ...
compare income statment and balance sheet for the last two
years
any changes?
analyize cash flow
operating activities
investing activities
financing activities
of Financial Position Statements February 3, Janua millions, except footnotes) $ 2,643 $ 2,512 8,309 1.169 11,990 8,657 1,264 12,564 equivalents Cash and cash Other current assets Total current assets Property and equipment 6,095 28,396 5,623 2,645 6,106 27,611 5,503 2,651 Buildings and improvements Fixtures and equipment Computer hardware and software 440 200 Construction-in-progress Accumulated depreciation (18,181) (17,413)...
Sheryl’s Shipping had sales last year of $14,500. The cost of goods sold was $7,400, general...
Sheryl’s Shipping had sales last year of $14,500. The cost of goods sold was $7,400, general and administrative expenses were $1,900, interest expenses were $1,400, and depreciation was $1,900. The firm’s tax rate is 21%. A. What are the earnings before interest and taxes? B. What is net income? C. What is cash flow operations?
Last year Miami Rivet had $5 million in operating income (EBIT). Its depreciation expense was $1...
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what am i doing wrong with depreciation and utilities expense for my closing entries? EDIT: lol...
what am i doing wrong with depreciation and utilities expense
for my closing entries? EDIT: lol nvm im dumb
1,800 13 Jan 31 Depreciation Expense Accumulated Depreciation 1,800 Income Tax Expense Jan 31 2,300 14 Income Tax Payable 2,300 Jan 31 67,500 15 Service Revenue Retained Earnings 67,500 Retained Earnings Jan 31 16 63,200 Salaries Expense 43,200 Supplies Expense 8,500 7,400 Depreciation Expense Utilities Expense 1,800 Income Tax Expense 2,300 Retained Earnings 17 Jan 31 5,080 Dividends 5,080 General Ledger...
Weston Corporation had earnings per share of $2.01, depreciation expense of $455,400, and 180,000 shares outstanding....
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Sheryl's Shipping had sales last year of $12,000. The cost of goods sold was $6,900, general and administrative expenses were $1,400, interest expenses were $900, and depreciation was $1,400. The firm's tax rate is 21%. a. What are earnings before interest and taxes? Earnings before interest and taxes $ 2300 b. What is net income? Net income c. What is cash flow from operations? Cash flow from operations
compare income statment and balance sheet for the last two
years
any changes?
analyize cash flow
operating activities
investing activities
financing activities
of Financial Position Statements February 3, Janua millions, except footnotes) $ 2,643 $ 2,512 8,309 1.169 11,990 8,657 1,264 12,564 equivalents Cash and cash Other current assets Total current assets Property and equipment 6,095 28,396 5,623 2,645 6,106 27,611 5,503 2,651 Buildings and improvements Fixtures and equipment Computer hardware and software 440 200 Construction-in-progress Accumulated depreciation (18,181) (17,413)...
what am i doing wrong with depreciation and utilities expense
for my closing entries? EDIT: lol nvm im dumb
1,800 13 Jan 31 Depreciation Expense Accumulated Depreciation 1,800 Income Tax Expense Jan 31 2,300 14 Income Tax Payable 2,300 Jan 31 67,500 15 Service Revenue Retained Earnings 67,500 Retained Earnings Jan 31 16 63,200 Salaries Expense 43,200 Supplies Expense 8,500 7,400 Depreciation Expense Utilities Expense 1,800 Income Tax Expense 2,300 Retained Earnings 17 Jan 31 5,080 Dividends 5,080 General Ledger...
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