Homework Answers
Fincorp Inc.
Statement of Cash Flows
($ in 000s)
| Cash flows from operations | |
| Net income (working note 1) | $1,060 |
| Noncash expenses | |
| Depreciation expense | 500 |
| Changes in working capital | |
| Change in accounts receivable | - 40 |
| Change in inventories | - 30 |
| Change in accounts payable | 60 |
| Total change in working capital | - 10 |
| Cash provided by operations | 1,550 |
| Cash flows from investments | |
| Cash used for additions to property, plant and equipment (Working Note 2) | - 1,270 |
| Cash used for investments | - 1,270 |
| Cash flows from financing activities | |
| Additions to long-term debt | 2,880 |
| Reductions in notes payable | - 286 |
| Dividends paid | - 440 |
| Cash provided by financing activities | 2,154 |
| Net decrease in cash and cash equivalents | $2,434 |
Working Note 1:
Net income for 2019
| Revenue | 4,500 |
| Cost of goods sold | - 1,600 |
| Depreciation | - 500 |
| Administrative expenses | - 580 |
| Interest expense | -210 |
| Federal and state taxes | -550 |
| Net income for 2019 | $1,060 |
Working Note 2:
Cash used for additions to property, plant and equipment = Net fixed assets , 2019 + Depreciation - Net fixed assets, 2018
= 5, 270 + 500 - 4,500 = 1,270
Add Answer to:
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2018 $4,400...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2017 and 2018, while the income statement items correspond to revenues or expenses during the year ending in either 2017 or 2018. All values are in thousands of dollars. 2017 2018 Revenue $ 4,400 $ 4,500 Cost of goods sold 1,500 1,600 Depreciation 480 500 Inventories 290 320 Administrative expenses 530 580 Interest expense 210 210 Federal and state taxes* 530 550 Accounts...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 $4,100 1,700 470 270 520 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 2019 Revenue $ 4,200 $ 4,300 Cost of goods sold 1,700 1,800 Depreciation 460 480 Inventories 350 395 Administrative expenses 540 590 Interest expense 110 110 Federal and state taxes* 470 490 Accounts...
1.600 The table below contains data on Fincorp Inc. The balance sheet items correspond to values...
1.600 The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. 2015 2016 Revenue Cont of goods sold $4,000 $4,100 1,700 Depreciation 500 520 Inventories 300 350 Administrative expenses 500 550 Interest expense 150 150 Federal and state taxes. 400 420 Accounts payable 300...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2015 $4,000...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2018 $5,600...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 201 or 2016. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2015 $4,000...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end of 2013 and 2014, while the income statement items correspond to revenues or expenses during the year ending in either 2013 or 2014. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2013...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. 2015 $4,000 1,600 500 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes. Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2018 $4,400...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 $4,100 1,700 470 270 520 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid...
1.600 The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. 2015 2016 Revenue Cont of goods sold $4,000 $4,100 1,700 Depreciation 500 520 Inventories 300 350 Administrative expenses 500 550 Interest expense 150 150 Federal and state taxes. 400 420 Accounts payable 300...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2015 $4,000...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2018 $5,600...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 201 or 2016. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2015 $4,000...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end of 2013 and 2014, while the income statement items correspond to revenues or expenses during the year ending in either 2013 or 2014. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2013...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. 2015 $4,000 1,600 500 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes. Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and...
Most questions answered within 3 hours.
-
Using Python. Write a function clean2(aList) that takes a list
of integers aList as argument, and...
asked 1 minute ago -
Intrapreneurship is defined as the
development of an enterprise culture with an existing (Nandan,
2009). An...
asked 15 minutes ago -
QUESTION 1 Tamiflu is a drug used to treat influenza. A study
found that Tamiflu reduced...
asked 19 minutes ago -
Which of the following would be less likely to be used to
allocate factory overhead when...
asked 25 minutes ago -
Transverse pulses travel with a speed of 195 m/s along a taut
copper wire whose diameter...
asked 23 minutes ago -
Sampling for Engineers Homework question 11.51
Suppose that Y1;Y2;Y3;Y4 denote a random sample from a
Poisson(θ)...
asked 27 minutes ago -
Which of the following is cleaved by regulated intramembrane
proteolysis (RIP)? Select any/all answers that apply....
asked 26 minutes ago -
Random characters You decide to create a program characters.py
that fills a two-dimensional list with random...
asked 38 minutes ago -
What are the major sources of error in your determination of the
molar mass? Select all...
asked 42 minutes ago -
A. Suppose your manager indicates that for a normally
distributed data set you are analyzing, your...
asked 1 hour ago -
During the month of August, the average temperature of a lake
next to a local college...
asked 45 minutes ago -
Which of these four researchers is most likely to have made Type
1 error
Kim who...
asked 59 minutes ago