What is the firm's dividend payment in the current year?
Homework Answers
Solution : Income statement for the current year
Sales revenue. 46,117
Less : Cost of goods sold. 18,048
-------------------
Gross margin . 28,069
Less : Operating exp.(excl dep) 18,172
--------------------
EBDIT. 9,897
Less : Depreciation. 2,806
---------------
EBIT. 7,091
Less : Interest Exp. 4,17
-----------------
EBT. 6,674
Less: Taxes. 2,775
-----------------
Net Income. 3,899
------------------
Calculation for dividend payment of current year :-
1). Calculate the net change in retained earnings by subtracting the current year retained earning figure from the last year retained earning.
Difference = 29,828 - 28,678 = 1,150
2) If the net change in retained earnings is less than the net income ,the difference is the amount of dividend paid out during the period.
So, Net income = 3,899
Less : Net change in retained earnings = 1,150
------------------
2,749
So, 2,749 must have been paid out to investors as a dividend.
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What is the firm's dividend payment in the current year?
Item Prior year Current year Accounts...
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...
What is the firm's cash flow from operations? Prior year Current year Item Accounts payable 7,840.00...
What is the firm's cash flow from operations?
Prior year Current year Item Accounts payable 7,840.00 8,18.00 Accounts receivable 6,015.00 6,718.00 1,042.00 Accruals 1,592.00 ??? ??? Cash Common Stock 10,682.00 11,749.00 COGS 18,221.00 12,698.00 Current portion long-term debt 4,999.00 4,926.00 Depreciation expense 2,500 2,795.00 Interest expense 733 417 Inventories 4,796.00 4,106.00 Long-term debt 14,727.00 14,371.00 Net fixed assets 54,111.00 50,739.00 Notes payable 9,919.00 4,307.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,826.00 29,842.00 Sales 35,119 46,666.00 2,084 Taxes 2,775
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Prior year Current year Item 7,726.00 8,181.00 Accounts payable 6,032.00 6,610.00 Accounts receivable 1,520.00 1,015.00 Accruals ??? ??? Cash 11,006.00 10,011.00 Common Stock 18,037.00 12,749.00 COGS 4,953.00 4,911.00 Current portion long-term debt 2,767.00 2,500 Depreciation expense 417 733 Interest expense 4,811.00 4,292.00 Inventories 14,064.00 13,500.00 Long-term debt 54,429.00 50,618.00 Net fixed assets 9,842.00 4,316.00 Notes payable 13,977 18,172 Operating expenses (excl. depr) 29,133.00 28,966.00 Retained earnings 47,912.00 35,119 Sales Common Stock 18,037.00 12,749.00 COGS 4,953.00 4,911.00...
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Prior year Current year Item Accounts payable 8,200.00 7,771.00 6,040.00 Accounts receivable 6,777.00 1,003.00 Accruals 1,398.00 Cash ??? ??? Common Stock 11,395.00 11,352.00 COGS 12,600.00 18,054.00 Current portion long-term debt 4,923.00 4,998.00 Depreciation expense 2,500 2,843.00 Interest expense 417 733 Inventories 4,275.00 4,816.00 Long-term debt 13,614.00 13,317.00 Net fixed assets 50,186.00 54,928.00 Notes payable 4,337.00 9,803.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,633.00 30,953.00 Sales 35,119 47,913.00 733 417 Interest expense 4,816.00...
really need help, thanks Item Prior year Current year Accounts payable 8,105.00 7,930.00 Accounts receivable 6,001.00...
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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...
Really need help with this, thanks Item Prior year Current year Accounts payable 8,105.00 7,930.00 Accounts receiva...
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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 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 Sales 35,119 46,398.00 ??? ??? Cash 12,315.00 Common Stock...
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...
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Really need help with this question, thanks. Item Prior year Current year Accounts payable 8,200.00 7,931.00...
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Item Prior year Current year Accounts payable 8,200.00 7,931.00 Accounts receivable 6,029.00 6,738.00 Accruals 981.00 1,572.00 Cash ??? ??? Common Stock 10,600.00 11,962.00 COGS 12,606.00 18,006.00 Current portion long-term debt 5,030.00 5,045.00 Depreciation expense 2,500 2,810.00 Interest expense 733 417 Inventories 4,169.00 4,821.00 Long-term debt 14,570.00 13,569.00 Net fixed assets 50,353.00 54,087.00 Notes payable 4,366.00 9,930.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,987.00 29,850.00 Sales 35,119 46,742.00 Tool - anche se...
Really need help with this one; thanks Prior year Current year Item 8,105.00 7,930.00 Accounts payable...
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Prior year Current year Item 8,105.00 7,930.00 Accounts payable 6,001.00 6,663.00 Accounts receivable 1,033.00 1,698.00 Accruals ??? ??? Cash Common Stock 12,315.00 10,235.00 12,615.00 18,222.00 COGS Current portion long-term debt 5,007.00 5,028.00 Depreciation expense 2,500 2,816.00 733 417 Interest expense 4,777.00 4,191.00 Inventories 13,871.00 Long-term debt 13,790.00 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 10,235.00 Common Stock 12,315.00 12,615.00 18,222.00 COGS Current portion long-term debt...
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...
What is the firm's cash flow from operations?
Prior year Current year Item Accounts payable 7,840.00 8,18.00 Accounts receivable 6,015.00 6,718.00 1,042.00 Accruals 1,592.00 ??? ??? Cash Common Stock 10,682.00 11,749.00 COGS 18,221.00 12,698.00 Current portion long-term debt 4,999.00 4,926.00 Depreciation expense 2,500 2,795.00 Interest expense 733 417 Inventories 4,796.00 4,106.00 Long-term debt 14,727.00 14,371.00 Net fixed assets 54,111.00 50,739.00 Notes payable 9,919.00 4,307.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,826.00 29,842.00 Sales 35,119 46,666.00 2,084 Taxes 2,775
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Prior year Current year Item 7,726.00 8,181.00 Accounts payable 6,032.00 6,610.00 Accounts receivable 1,520.00 1,015.00 Accruals ??? ??? Cash 11,006.00 10,011.00 Common Stock 18,037.00 12,749.00 COGS 4,953.00 4,911.00 Current portion long-term debt 2,767.00 2,500 Depreciation expense 417 733 Interest expense 4,811.00 4,292.00 Inventories 14,064.00 13,500.00 Long-term debt 54,429.00 50,618.00 Net fixed assets 9,842.00 4,316.00 Notes payable 13,977 18,172 Operating expenses (excl. depr) 29,133.00 28,966.00 Retained earnings 47,912.00 35,119 Sales Common Stock 18,037.00 12,749.00 COGS 4,953.00 4,911.00...
Really need help with this, thanks
Prior year Current year Item Accounts payable 8,200.00 7,771.00 6,040.00 Accounts receivable 6,777.00 1,003.00 Accruals 1,398.00 Cash ??? ??? Common Stock 11,395.00 11,352.00 COGS 12,600.00 18,054.00 Current portion long-term debt 4,923.00 4,998.00 Depreciation expense 2,500 2,843.00 Interest expense 417 733 Inventories 4,275.00 4,816.00 Long-term debt 13,614.00 13,317.00 Net fixed assets 50,186.00 54,928.00 Notes payable 4,337.00 9,803.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,633.00 30,953.00 Sales 35,119 47,913.00 733 417 Interest expense 4,816.00...
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...
Really need help with this, 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 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 Sales 35,119 46,398.00 ??? ??? Cash 12,315.00 Common Stock...
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?...
Really need help with this question, thanks.
Item Prior year Current year Accounts payable 8,200.00 7,931.00 Accounts receivable 6,029.00 6,738.00 Accruals 981.00 1,572.00 Cash ??? ??? Common Stock 10,600.00 11,962.00 COGS 12,606.00 18,006.00 Current portion long-term debt 5,030.00 5,045.00 Depreciation expense 2,500 2,810.00 Interest expense 733 417 Inventories 4,169.00 4,821.00 Long-term debt 14,570.00 13,569.00 Net fixed assets 50,353.00 54,087.00 Notes payable 4,366.00 9,930.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,987.00 29,850.00 Sales 35,119 46,742.00 Tool - anche se...
Really need help with this one; thanks
Prior year Current year Item 8,105.00 7,930.00 Accounts payable 6,001.00 6,663.00 Accounts receivable 1,033.00 1,698.00 Accruals ??? ??? Cash Common Stock 12,315.00 10,235.00 12,615.00 18,222.00 COGS Current portion long-term debt 5,007.00 5,028.00 Depreciation expense 2,500 2,816.00 733 417 Interest expense 4,777.00 4,191.00 Inventories 13,871.00 Long-term debt 13,790.00 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 10,235.00 Common Stock 12,315.00 12,615.00 18,222.00 COGS Current portion long-term debt...
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...
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