Homework Answers
1) Statement of cash flows from Operating activities (Amount in millions $)
| Net Earnings | 364 |
| Adjustments to reconcile net earnings (loss) to net cash provided by (used for) operating activities | |
| Add: Depreciation and Amortization expense | 140 |
| Add: Other non cash expenses | 66 |
| Operating profit before working capital adjustments | 570 |
| Adjust for changes in current assets and liabilities | |
| Add: Decrease in Accounts Receivable | 17 |
| Less: Increase in Inventories | (43) |
| Less: Decrease in Accounts payable and accrued liabilities | (98) |
| Less: Decrease in Income taxes payable | (13) |
| Net cash provided by (used for) operating activities | 433 |
Therefore net cash provided by operating activities is $433 millions.
Add Answer to:
Honeycrisp Company is a leading producer of communication devices, including the walkie talkie. In the 3...
SOLVE 5-61 Cash Provided by Operations Clorox Company is a leading producer of laundry additives, including...
SOLVE
5-61 Cash Provided by Operations Clorox Company is a leading producer of laundry additives, including Clorox liquid bleach. In the 6 months ended December 31, 2011, net sales of $2,526 million produced net earnings of $235 million. To calculate net earnings, Clorox recorded $89 million in depreciation and amortization. Other items of revenue and expense not requiring cash decreased net earnings by $21 million. Dividends of $159 million were paid during the period. Among the changes in balance sheet...
5-61 Cash Provided by Operations Clorox Company is a leading producer of laundry additives, including Clorox...
5-61 Cash Provided by Operations Clorox Company is a leading producer of laundry additives, including Clorox liquid bleach. In the 6 months ended December 31, 2011, net sales of $2,526 million produced net earnings of $235 million. To calculate net earnings, Clorox recorded $89 million in depreciation and amortization. Other items of revenue and expense not requiring cash decreased net earnings by $21 million. Dividends of $159 million were paid during the period. Among the changes in balance sheet accounts...
Exercise 1-11 Vaughn Manufacturing is the world's leading producer of ready-to-eat cereal and a leading producer...
Exercise 1-11 Vaughn Manufacturing is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2017 income statement and balance sheet. (All dollars are in millions.) Retained earnings Cost of goods sold Selling and administrative expenses $4.400 6,550 3,190 350 Notes payable Interest expense Bonds payable Inventory Sales revenue Accounts payable Common stock Income tax expense 4.100 200 12,200 Prepare...
Kellogg Company is the world's leading producer of ready-to-eat cereal anda leading producer of grain-based convenience...
Kellogg Company is the world's leading producer of ready-to-eat cereal anda leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2022 income statement and balance sheet. (All dollars are in millions] Retained earning Cost of goods sold Selling and administrative expenses Cash Notes payable Interest Expense $5,900 7,250 3050 340 Bonds payable Inventory Sales revenue Accounts payable Common stock Income tax expense $5.400 B90 12,700 1,160 140 660...
Use the note below from DirecTV’s 2012 annual report to answer the questions. a. Did DirectTV...
Use the note below from DirecTV’s 2012 annual report to answer
the questions.
a. Did DirectTV record any impairment of their intangibles for
the period ending 12/31/2012 and 12/31/2011? If yes, how much was
the impairment and what types of the intangibles were impaired? If
no, why not?
b. Assume that DirectTV recognized $20 million impairment charge
for its intangibles for the period ending 12/31/2012 (Ignore the
actual footnote for this question). How does the impairment charge
affect DirectTV’s operating...
Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal...
Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). $ 14,084 11,425 17,755 2,142 24,231 69,637 132, 264 20,957 12,728 $ 235,586 MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term...
Iconix Brand Group owns and markets various brands and trademarks, including Joe Boxer, London Fog, Ocean...
Iconix Brand Group owns and markets various brands and trademarks, including Joe Boxer, London Fog, Ocean Pacific, Ecko Unltd., Umbro, Ed Hardy, Lee Cooper, Buffalo, and Peanuts. The company's financial statements for the year ended December 31, 2015, indicate the following totals for these trademarks (in millions): 2014 2015 Trademarks (at cost) $1,703 $2,016 Accumulated Amortization 20 7 1,696 1,996 Trademarks, net During 2015, Iconix acquired the Strawberry Shortcake and Pony trademarks at a cost of $89 million, recorded $3...
Iconix Brand Group owns and markets various brands and trademarks, including Joe Boxer, London Fog, Ocean...
Iconix Brand Group owns and markets various brands and trademarks, including Joe Boxer, London Fog, Ocean Pacific, Ecko Unltd.. Umbro, Ed Hardy, Lee Cooper, Buffalo, and Peanuts. The company's financial statements for the year ended December 31, 2015, indicate the following totals for these trademarks in millions): 2015 $ 1,703 2014 $ 2,016 Trademarks (at cost) Accumulated Amortization Trademarks, net 20 1,696 1,996 During 2015, Iconix acquired the Strawberry Shortcake and Pony trademarks at a cost of $89 million, recorded...
Sun Microsystems is a leading supplier of computer-related products, including servers, workstations, storage devices, and network...
Sun Microsystems is a leading supplier of computer-related
products, including servers, workstations, storage devices, and
network switches. In 2009, Sun Microsystems was acquired by Oracle
Corporation. In the letter to stockholders as part of the 2001
annual report, President and CEO Scott G. McNealy offered the
following remarks: Fiscal 2001 was clearly a mixed bag for Sun, the
industry, and the economy as a whole. Still, we finished with
revenue growth of 16 percent—and that's significant. We believe
it's a...
Intangible Assets Use the note below from DirecTV’s 2012 annual report to answer the questions. Why...
Intangible Assets
Use the note below from DirecTV’s 2012 annual report to answer
the questions.
Why does DirecTV not amortize its orbital slots?
Did DirectTV record any impairment of their intangibles for the
period ending 12/31/2012 and 12/31/2011? If yes, how much was the
impairment and what types of the intangibles were impaired? If no,
why not?
Assume that DirectTV recognized $20 million impairment charge
for its intangibles for the period ending 12/31/2012 (Ignore the
actual footnote for this question)....
SOLVE
5-61 Cash Provided by Operations Clorox Company is a leading producer of laundry additives, including Clorox liquid bleach. In the 6 months ended December 31, 2011, net sales of $2,526 million produced net earnings of $235 million. To calculate net earnings, Clorox recorded $89 million in depreciation and amortization. Other items of revenue and expense not requiring cash decreased net earnings by $21 million. Dividends of $159 million were paid during the period. Among the changes in balance sheet...
5-61 Cash Provided by Operations Clorox Company is a leading producer of laundry additives, including Clorox liquid bleach. In the 6 months ended December 31, 2011, net sales of $2,526 million produced net earnings of $235 million. To calculate net earnings, Clorox recorded $89 million in depreciation and amortization. Other items of revenue and expense not requiring cash decreased net earnings by $21 million. Dividends of $159 million were paid during the period. Among the changes in balance sheet accounts...
Exercise 1-11 Vaughn Manufacturing is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2017 income statement and balance sheet. (All dollars are in millions.) Retained earnings Cost of goods sold Selling and administrative expenses $4.400 6,550 3,190 350 Notes payable Interest expense Bonds payable Inventory Sales revenue Accounts payable Common stock Income tax expense 4.100 200 12,200 Prepare...
Kellogg Company is the world's leading producer of ready-to-eat cereal anda leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2022 income statement and balance sheet. (All dollars are in millions] Retained earning Cost of goods sold Selling and administrative expenses Cash Notes payable Interest Expense $5,900 7,250 3050 340 Bonds payable Inventory Sales revenue Accounts payable Common stock Income tax expense $5.400 B90 12,700 1,160 140 660...
Use the note below from DirecTV’s 2012 annual report to answer
the questions.
a. Did DirectTV record any impairment of their intangibles for
the period ending 12/31/2012 and 12/31/2011? If yes, how much was
the impairment and what types of the intangibles were impaired? If
no, why not?
b. Assume that DirectTV recognized $20 million impairment charge
for its intangibles for the period ending 12/31/2012 (Ignore the
actual footnote for this question). How does the impairment charge
affect DirectTV’s operating...
Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). $ 14,084 11,425 17,755 2,142 24,231 69,637 132, 264 20,957 12,728 $ 235,586 MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term...
Iconix Brand Group owns and markets various brands and trademarks, including Joe Boxer, London Fog, Ocean Pacific, Ecko Unltd., Umbro, Ed Hardy, Lee Cooper, Buffalo, and Peanuts. The company's financial statements for the year ended December 31, 2015, indicate the following totals for these trademarks (in millions): 2014 2015 Trademarks (at cost) $1,703 $2,016 Accumulated Amortization 20 7 1,696 1,996 Trademarks, net During 2015, Iconix acquired the Strawberry Shortcake and Pony trademarks at a cost of $89 million, recorded $3...
Iconix Brand Group owns and markets various brands and trademarks, including Joe Boxer, London Fog, Ocean Pacific, Ecko Unltd.. Umbro, Ed Hardy, Lee Cooper, Buffalo, and Peanuts. The company's financial statements for the year ended December 31, 2015, indicate the following totals for these trademarks in millions): 2015 $ 1,703 2014 $ 2,016 Trademarks (at cost) Accumulated Amortization Trademarks, net 20 1,696 1,996 During 2015, Iconix acquired the Strawberry Shortcake and Pony trademarks at a cost of $89 million, recorded...
Sun Microsystems is a leading supplier of computer-related
products, including servers, workstations, storage devices, and
network switches. In 2009, Sun Microsystems was acquired by Oracle
Corporation. In the letter to stockholders as part of the 2001
annual report, President and CEO Scott G. McNealy offered the
following remarks: Fiscal 2001 was clearly a mixed bag for Sun, the
industry, and the economy as a whole. Still, we finished with
revenue growth of 16 percent—and that's significant. We believe
it's a...
Intangible Assets
Use the note below from DirecTV’s 2012 annual report to answer
the questions.
Why does DirecTV not amortize its orbital slots?
Did DirectTV record any impairment of their intangibles for the
period ending 12/31/2012 and 12/31/2011? If yes, how much was the
impairment and what types of the intangibles were impaired? If no,
why not?
Assume that DirectTV recognized $20 million impairment charge
for its intangibles for the period ending 12/31/2012 (Ignore the
actual footnote for this question)....
Most questions answered within 3 hours.
-
A shot-putter throws the shot with a horizontal velocity of 10
m/s and a
vertical velocity...
asked 3 minutes ago -
Mildred sells industrial-sized refrigeration units. Her
prospective buyer's face looks tense, and his forehead is wrinkled....
asked 5 minutes ago -
Clark Heter is an industrial engineer at Lyons Products. He
would like to determine whether there...
asked 1 hour ago -
3. Use a text editor to create a comma-delimited file of user
IDs and passwords. Revise...
asked 47 minutes ago -
Jensen and Associates has a projected balance
sheet that includes the following accounts. What is the...
asked 20 minutes ago -
implement a doubly-linked list in C. Each node in the linked list should contain a string,...
asked 43 minutes ago -
What are some best practices and things to avoid when developing
a PowerPoint presentation or file
asked 46 minutes ago -
Consider the ways that the government can get involved in
economic issues. What role do you...
asked 21 minutes ago -
Sodium carbonate is added to the tea mixture, in part, to form
the sodium salt of...
asked 44 minutes ago -
he plant started to purify its wastewater before discharging it
into the lake. How long will...
asked 1 hour ago -
Thiazyl fluoride, F3NS is a colourless gas. Using concepts of
electronegativity, formal charge etc. determine the...
asked 1 hour ago -
1. Why is an explicit inflation target a bad policy?
2. MV=PQ If M grows, then...
asked 38 minutes ago