Homework Answers
Part 1)Option A ------68500
Calculation of Net Capital spending for year
Net Capital Spending= Increase in Fixed Assets + Depreciation expenses
Net Capital spending =49700 + 18800=68500
Part 2) Option A------28700
Calculation of New Borrowing for current year
New Borrowing = Current year Long term Debt - Last year long term debt
New Borrowing =264600 -235900 =28700
Add Answer to:
The financial statements of Bamboo, Inc. reflect depreciation expenses of $18,800 and interest expenses of $28,200...
Use the data from the following financial statements in the popup window, The company paid interest...
Use the data from the following financial statements in the
popup window,
The company paid interest expense of $17,700 and had an overall
tax rate of 40% for 2017 Find the cash flow for 2017 and break it
into 3 parts:
operating cash flow, capital spending, and change in net working
capital.
What is the cash flow from assets?
Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,900 Fixed costs $43,200 Selling, general, and administrative...
Statement of retained earnings. Use the data from the following financial statements in the popup window,...
Statement of retained earnings. Use the data from the following financial statements in the popup window, BB. The company paid interest expense of $18,800 for 2017 and had an overall tax rate of 40% for 2017. Complete the statement of retained earnings for 2017, and determine the dividends paid last year. The distributed earnings is $ . (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $141,900 Fixed costs $42,900 Selling,...
The most recent financial statements for Crosby, Inc., follow. Interest expense will remain constant; the tax...
The most recent financial statements for Crosby, Inc., follow.
Interest expense will remain constant; the tax rate and the
dividend payout rate will also remain constant. Costs, other
expenses, current assets, fixed assets, and accounts payable
increase spontaneously with sales.
CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $ 767,000 623,000 31,000 Earnings before interest and taxes Interest paid $ 113,000 15,600 Taxable income Taxes (24%) $ 97,400 23,376 Net income $ 74,024 Dividends Addition to retained earnings $23,440...
Use the data from the following financial statements in the popup window. The company paid interest...
Use the data from the following financial statements in the
popup window. The company paid interest expense of $17,700 and had
an overall tax rate of 40 % for 2017. Complete the statement of
retained earnings for 2017, and determine the dividends paid last
year.
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs $43,100 Selling, general, and administrative...
The most recent financial statements for Crosby, Inc., follow. Interest expense will remain constant, the tax...
The most recent financial statements for Crosby, Inc., follow. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales $ 767,000 Costs 623,000 Other expenses 31,000 Earnings before interest and taxes Interest paid $ 113,000 15,600 Taxable income Taxes (24%) $ 97,400 23,376 Net income $ 74,024 Dividends Addition to retained earnings $23.440...
The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to...
The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. HOPINGTON TOURS INC. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes...
ILILIULUI JUNI,UJU IIT 2017. It also hou expenses (excluding depreciation) $366,240, depreciation of $103,471, and interest...
ILILIULUI JUNI,UJU IIT 2017. It also hou expenses (excluding depreciation) $366,240, depreciation of $103,471, and interest expense of $52,413. What was the company's net income after taxes if its average tax rate was 40 percent? Cullumber Enterprises has total current assets of $345,002 and fixed assets of $466,306. The company also has long-term debt of $287,400, $100,000 in its common stock account, and retained earnings of $187,570. What is the value of its total current liabilities?
Bobolink Inc. has the following financial statements (Somitted). No dividends were paid. No new stock was sold dur...
Bobolink Inc. has the following financial statements (Somitted). No dividends were paid. No new stock was sold during the year BALANCE SHEET Beginning Ending ASSETS INCOME STATEMENT $100 Cash 5 7 Revenue Accts Receivable 15 20 COGS 38 10 Depreciation Gross Margin Expenses EBIT Inventory $30 $32 $55 Current Assets 25 Fixed Assets Gross 100 112 $30 (17) Accum Depreciation Net Fixed Assets (101 Interest 10 $90 $95 EBT $20 Tax Total Assets $120 $127 EAT $15 LIABILITIES&EQUITY Accts Pay...
Self-Assessment Quiz Financial Statements Income Statement Sell Assessment Quiz Financial Information All values are end of...
Self-Assessment Quiz Financial Statements Income Statement Sell Assessment Quiz Financial Information All values are end of year unless otherwise stated Accounts Payable 12,000 Accounts Receivable 10,000 Accruals 10,000 Accumulated Depreciation 100,000 Beginning of year Inventory 50,000 Beginning of year Retained Earnings 120.000 Cash 7.000 Common Stock 121,500 Cost of Goods Sold 200,000 Current Portion - Long Term Debt 1,500 Depreciation Expense 25,000 Dividends 40,000 Gross Property, plant, and Equipment 400,000 Interest Expense 15,000 Long Term Debt (excluding current portion) 120,000...
Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup...
Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window: LOADING... . Calculate the debt ratio, times interest earned ratio, and cash coverage ratio for 2013 and 2014 for Tyler Toys. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? What is the debt ratio for 2014? (Round to four decimal places.) Tyler Toys, Inc. Income Statement for Years Ending...
Use the data from the following financial statements in the
popup window,
The company paid interest expense of $17,700 and had an overall
tax rate of 40% for 2017 Find the cash flow for 2017 and break it
into 3 parts:
operating cash flow, capital spending, and change in net working
capital.
What is the cash flow from assets?
Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,900 Fixed costs $43,200 Selling, general, and administrative...
Statement of retained earnings. Use the data from the following financial statements in the popup window, BB. The company paid interest expense of $18,800 for 2017 and had an overall tax rate of 40% for 2017. Complete the statement of retained earnings for 2017, and determine the dividends paid last year. The distributed earnings is $ . (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $141,900 Fixed costs $42,900 Selling,...
The most recent financial statements for Crosby, Inc., follow.
Interest expense will remain constant; the tax rate and the
dividend payout rate will also remain constant. Costs, other
expenses, current assets, fixed assets, and accounts payable
increase spontaneously with sales.
CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $ 767,000 623,000 31,000 Earnings before interest and taxes Interest paid $ 113,000 15,600 Taxable income Taxes (24%) $ 97,400 23,376 Net income $ 74,024 Dividends Addition to retained earnings $23,440...
Use the data from the following financial statements in the
popup window. The company paid interest expense of $17,700 and had
an overall tax rate of 40 % for 2017. Complete the statement of
retained earnings for 2017, and determine the dividends paid last
year.
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs $43,100 Selling, general, and administrative...
The most recent financial statements for Crosby, Inc., follow. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales $ 767,000 Costs 623,000 Other expenses 31,000 Earnings before interest and taxes Interest paid $ 113,000 15,600 Taxable income Taxes (24%) $ 97,400 23,376 Net income $ 74,024 Dividends Addition to retained earnings $23.440...
The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. HOPINGTON TOURS INC. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes...
ILILIULUI JUNI,UJU IIT 2017. It also hou expenses (excluding depreciation) $366,240, depreciation of $103,471, and interest expense of $52,413. What was the company's net income after taxes if its average tax rate was 40 percent? Cullumber Enterprises has total current assets of $345,002 and fixed assets of $466,306. The company also has long-term debt of $287,400, $100,000 in its common stock account, and retained earnings of $187,570. What is the value of its total current liabilities?
Bobolink Inc. has the following financial statements (Somitted). No dividends were paid. No new stock was sold during the year BALANCE SHEET Beginning Ending ASSETS INCOME STATEMENT $100 Cash 5 7 Revenue Accts Receivable 15 20 COGS 38 10 Depreciation Gross Margin Expenses EBIT Inventory $30 $32 $55 Current Assets 25 Fixed Assets Gross 100 112 $30 (17) Accum Depreciation Net Fixed Assets (101 Interest 10 $90 $95 EBT $20 Tax Total Assets $120 $127 EAT $15 LIABILITIES&EQUITY Accts Pay...
Self-Assessment Quiz Financial Statements Income Statement Sell Assessment Quiz Financial Information All values are end of year unless otherwise stated Accounts Payable 12,000 Accounts Receivable 10,000 Accruals 10,000 Accumulated Depreciation 100,000 Beginning of year Inventory 50,000 Beginning of year Retained Earnings 120.000 Cash 7.000 Common Stock 121,500 Cost of Goods Sold 200,000 Current Portion - Long Term Debt 1,500 Depreciation Expense 25,000 Dividends 40,000 Gross Property, plant, and Equipment 400,000 Interest Expense 15,000 Long Term Debt (excluding current portion) 120,000...
Most questions answered within 3 hours.
-
Evaluate each of the following transactions in terms of their
effect on assets, liabilities, and equity....
asked 48 seconds ago -
The random variable X has a uniform distribution with values
between 16 and 18. What is...
asked 1 minute ago -
The amounts of nicotine in a certain brand of cigarette are
normally distributed with a mean...
asked 21 minutes ago -
The commercial lending department of First Bank made a
substantial loan to Alpha Company after obtaining...
asked 6 minutes ago -
For a reaction, reagents --->products, it's forwarding rate
(rate of products formation) is proportional to the...
asked 19 minutes ago -
5)
Typically,
there will need to be a rather high degree of coordination and
interaction among...
asked 15 minutes ago -
if the marginal revenue on each MRI is $2500, and the
marginal cost for each is...
asked 17 minutes ago -
What did Butler and Hobbes contribute to our understanding of
utilitarianism?
asked 22 minutes ago -
History
Lincoln's religious thought was almost exclusively shaped by his
Calvinist upbringing.
True
False
QUESTION 6...
asked 21 minutes ago -
In a two-way factorial ANOVA, the final F-ratio for
factor AxB is determined by dividing _____...
asked 22 minutes ago -
If 1.6g of CH4 reacts with oxygen gas to form water and carbon
dioxide what is...
asked 21 minutes ago -
Applying the content from Primal Leadership, and the format
Personal Change Plan on p. 110 Boyatzis...
asked 23 minutes ago