You are given the following information: 2018 Sales $12,000 Cost of goods sold $5,400 Depreciation expense...
|
You are given the following information: 2018 |
|
|
Sales |
$12,000 |
|
Cost of goods sold |
$5,400 |
|
Depreciation expense |
$1,000 |
|
Interest |
$300 |
|
Tax rate |
35% |
|
2017 |
2018 |
|
|
Current assets |
$900 |
$1,000 |
|
Net fixed assets |
$3,800 |
$4,500 |
|
Current liabilities |
$300 |
$400 |
|
Long-term debt |
$2,000 |
$2,100 |
a. Calculate the cash flow from assets for 2018. (Hint: Taxes = Earnings before taxes x Tax rate) show your work
b. Calculate the cash flow to shareholders for 2018. show your work
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
You are given the following information:
2018
Sales
$12,000
Cost of goods sold
$5,400
Depreciation expense...
1. During the year 2017, the ABC company had sales of $1,000, cost of goods sold...
1. During the year 2017, the ABC company had sales of $1,000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. Using a 34% corporate tax rate, and assuming all taxes are paid the year they are due, construct BC’s income statement for 2017. 2. The ABC Company had 100 shares of outstanding common stock at the end of 2017. Total dividends paid for 2017 were $120. Compute earnings per share (EPS) and dividends per...
1.)Company ABC has sales of $1,650,000, cost of goods sold of $600,000, EBIT of $450,000, interest...
1.)Company ABC has sales of $1,650,000, cost of goods sold of $600,000, EBIT of $450,000, interest expense of $70,000, and a tax rate of 27%. If the company paid $57,000 in dividends what is the addition to retained earnings. 2.)At the beginning of the year, a firm had current assets of $121,306 and current liabilities of $124,509. At the end of the year, the current assets were $122,418 and the current liabilities were $103,718. What is the change in net...
Sales Revenues Cost of Goods Sold Gross Profit s 1,000 600 400 Depreciation Expense Other Operating...
Sales Revenues Cost of Goods Sold Gross Profit s 1,000 600 400 Depreciation Expense Other Operating Expenses S 100 50 Total Operating Expenses Earnings Before Interest& Taxes (EBIT) Interest Expense Eamings Before Taxes Income Tax Expense Net Income 150 250 50 200 100 S 100 Beginning Owner's Equity Net Income Dividends Ending Owner's Equity s 2,950 100 50 S 3,000 Cash Receivables Inventory s 1,000 100 900 Current Assets Long-Term Assets Total Assets s 2,000 7,000 S 9,000 Current Liabilities...
Nanticoke Industries had the following operating results for 2018: sales $29,500; cost of goods sold =...
Nanticoke Industries had the following operating results for 2018: sales $29,500; cost of goods sold = $19,760; depreciation expense = $5,260; interest expense = $2,640; dividends paid = $1,450. At the beginning of the year, net fixed assets were $17,080, current assets were $5,860, and current liabilities were $3,325. At the end of the year, net fixed assets were $20,660, current assets were $7,300, and current liabilities were $3,980. The tax rate for 2018 was 35 %. a. What is...
Nanticoke Industries had the following operating results for 2018: sales $29,220; cost of goods sold =...
Nanticoke Industries had the following operating results for 2018: sales $29,220; cost of goods sold = $19,560; depreciation expense = $5,100; interest expense = $2,490; dividends paid = $1,250. At the beginning of the year, net fixed assets were $16,880, current assets were $5,820, and current liabilities were $3,360. At the end of the year, net fixed assets were $20,460, current assets were $7,360, and current liabilities were $3,940. The tax rate for 2018 was 30 %. a. What is...
Nanticoke Industries had the following operating results for 2018: sales $29,220; cost of goods sold =...
Nanticoke Industries had the following operating results for
2018: sales $29,220; cost of goods sold = $19,560; depreciation
expense = $5,100; interest expense = $2,490; dividends paid =
$1,250. At the beginning of the year, net fixed assets were
$16,880, current assets were $5,820, and current liabilities were
$3,360. At the end of the year, net fixed assets were $20,460,
current assets were $7,360, and current liabilities were $3,940.
The tax rate for 2018 was 30 %.
a. What is...
Nanticoke Industries had the following operating results for 2018: sales $28,560; cost of goods sold =...
Nanticoke Industries had the following operating results for 2018: sales $28,560; cost of goods sold = $19,460; depreciation expense = $5,020; interest expense = $2,340; dividends paid = $1,150. At the beginning of the year, net fixed assets were $16,980, current assets were $5,800, and current liabilities were $3,280. At the end of the year, net fixed assets were $20,360, current assets were $7,360, and current liabilities were $3,900. The tax rate for 2018 was 30 %. a. What is...
(in millions) 2016 2015 Net sales 10,400 9,900 Cost of goods sold (5,500) (5,200) Gross profit...
(in millions) 2016 2015 Net sales 10,400 9,900 Cost of goods sold (5,500) (5,200) Gross profit 4,900 4,700 Selling and administrative expenses (2,800) (2,700) Income from operations 2,100 2,000 Interest expense (300) (250) Income before income taxes 1,800 1,750 Income tax expense (420) (400) Net income 1,380 1,350 Smith and Sons, Inc. Balance Sheet 2016 2015 (in millions) Assets Current assets Cash and cash equivalents 550 750 Accounts receivable 900 800 Inventory 850 1,000 Other current assets 400 250 Total...
Given the following information about Heyman Ltd for the year ended 2018 Sales Cost of goods...
Given the following information about Heyman Ltd for the year ended 2018 Sales Cost of goods sold Depreciation expense Interest expense $ 78,000 32,500 2,500 1000 Net fixed assets Current assets Current liabilities Beginning of the year $ 108,000 6,500 3,300 End of the year $ 120,500 7.700 4,100 The tax rate for the year was 40%. 4. Calculate the cash flow from asset (CFFA). (2 marks) 5. Suppose that $1,300 existing debt was redeemed and no new debt was...
1. Company ABC has sales of $1,850,000, cost of goods sold of $1,000,000, EBIT of $350,000,...
1. Company ABC has sales of $1,850,000, cost of goods sold of $1,000,000, EBIT of $350,000, interest expense of $65,000, and a tax rate of 27%. If the company paid $51,000 in dividends what is the addition to retained earnings. 2. Nitro Enterprise had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411. During the year, assets with a combined book value of $6,943 were sold. Depreciation for the year was $42,822. What is the amount...
Sales Revenues Cost of Goods Sold Gross Profit s 1,000 600 400 Depreciation Expense Other Operating Expenses S 100 50 Total Operating Expenses Earnings Before Interest& Taxes (EBIT) Interest Expense Eamings Before Taxes Income Tax Expense Net Income 150 250 50 200 100 S 100 Beginning Owner's Equity Net Income Dividends Ending Owner's Equity s 2,950 100 50 S 3,000 Cash Receivables Inventory s 1,000 100 900 Current Assets Long-Term Assets Total Assets s 2,000 7,000 S 9,000 Current Liabilities...
Nanticoke Industries had the following operating results for 2018: sales $29,220; cost of goods sold = $19,560; depreciation expense = $5,100; interest expense = $2,490; dividends paid = $1,250. At the beginning of the year, net fixed assets were $16,880, current assets were $5,820, and current liabilities were $3,360. At the end of the year, net fixed assets were $20,460, current assets were $7,360, and current liabilities were $3,940. The tax rate for 2018 was 30 %. a. What is...
Nanticoke Industries had the following operating results for
2018: sales $29,220; cost of goods sold = $19,560; depreciation
expense = $5,100; interest expense = $2,490; dividends paid =
$1,250. At the beginning of the year, net fixed assets were
$16,880, current assets were $5,820, and current liabilities were
$3,360. At the end of the year, net fixed assets were $20,460,
current assets were $7,360, and current liabilities were $3,940.
The tax rate for 2018 was 30 %.
a. What is...
Nanticoke Industries had the following operating results for 2018: sales $28,560; cost of goods sold = $19,460; depreciation expense = $5,020; interest expense = $2,340; dividends paid = $1,150. At the beginning of the year, net fixed assets were $16,980, current assets were $5,800, and current liabilities were $3,280. At the end of the year, net fixed assets were $20,360, current assets were $7,360, and current liabilities were $3,900. The tax rate for 2018 was 30 %. a. What is...
(in millions) 2016 2015 Net sales 10,400 9,900 Cost of goods sold (5,500) (5,200) Gross profit 4,900 4,700 Selling and administrative expenses (2,800) (2,700) Income from operations 2,100 2,000 Interest expense (300) (250) Income before income taxes 1,800 1,750 Income tax expense (420) (400) Net income 1,380 1,350 Smith and Sons, Inc. Balance Sheet 2016 2015 (in millions) Assets Current assets Cash and cash equivalents 550 750 Accounts receivable 900 800 Inventory 850 1,000 Other current assets 400 250 Total...
Given the following information about Heyman Ltd for the year ended 2018 Sales Cost of goods sold Depreciation expense Interest expense $ 78,000 32,500 2,500 1000 Net fixed assets Current assets Current liabilities Beginning of the year $ 108,000 6,500 3,300 End of the year $ 120,500 7.700 4,100 The tax rate for the year was 40%. 4. Calculate the cash flow from asset (CFFA). (2 marks) 5. Suppose that $1,300 existing debt was redeemed and no new debt was...
Most questions answered within 3 hours.
-
Rod figures that it takes an average (mean) of =20 minutes with
a standard deviation of...
asked 9 minutes ago -
You have 5 ul of a pure (undiluted) culture at a concentration
of 3.6 x 106...
asked 13 minutes ago -
______ activity indicates the presence of an electron transport
chain.
1- gelatinase 2- oxidase 3- caseinase...
asked 16 minutes ago -
The molarity of a silver nitrate solution is 0.192 M. How many
grams of silver ions...
asked 29 minutes ago -
Which of the following solutes will produce a greater increase
in boiling point when it is...
asked 25 minutes ago -
true or false: Series connected electrical circuit is a voltage
divider, and voltage of each device...
asked 20 minutes ago -
A 100-W lightbulb has a resistance of about 12 Ω when cold (20
∘C) and 128...
asked 24 minutes ago -
For the asset shown in the following table, use the capital
asset pricing model to find...
asked 25 minutes ago -
If the impulse response of a circuit is a pulse y(t) = u(t) –
u(t-T), T...
asked 31 minutes ago -
Eukaryotic cells have __ which is similar to prokaryotes of
Archaea.
A Ester-linked membrane lipids
B...
asked 41 minutes ago -
true or false. If work is done on a system by it's
surroundings, its value is...
asked 45 minutes ago -
Rene Descartes establishes a dualist approach to the world.
Explain this dualism, and how it connects...
asked 51 minutes ago