Homework Answers
| Financing Cash Flow {a} | $200 |
| Inflow of cash due to Increase in stock {b} | $250 |
| Dividend paid [a-b] | $50 |
| Closing balance of retained earnings [c] | $5975 |
| Opening balance of retained earnings [d] | $5350 |
| retained earning during the year {c-d} | $625 |
| retained earning during the year [e] | $625 |
| Dividend paid during the year [f] | $50 |
| Net income during the year {e+f} | $675 |
| Cash flow from operating activities : | |
| + Inventory decrease | $200 |
| + Long term debt increase | $185 |
| - Account payable decearse | -$300 |
| - Account receivables increase | -$115 |
| - Note Payable Decrease | -$60 |
| Total {A} | -$90 |
| Cash flow from Investing Activities | |
| - Increase in Fixed Assets | -$365 |
| Total {B} | -$365 |
| Cash flow from Financing activities -given | $200 |
| Total {C} | $200 |
| Overall Change in Cash {A+B+C} | -255 |
Add Answer to:
6. Given the following information, find the missing pieces of information. Balance Sheet info Accounts Payable...
11. (8 points) Changes in all of E's balance sheet accounts during the current year, EXCEPT...
11. (8 points) Changes in all of E's balance sheet accounts during the current year, EXCEPT the change in E's retained earnings account follow. Compute E's net income (or net loss) for the year assuming the only two entries E made to her retained earnings account during the year were for a cash dividend declared and paid of $50,000 and her net income (or net loss) for the year. (This is NOT a statement of cash flows problem - do...
JKL Co. reported the following information for the year 2018: (1) Net income is €210 million....
JKL Co. reported the following information for the year 2018: (1) Net income is €210 million. (2) Acquisitions were €32 million. (3) Customer accounts receivable increased by €12 million. (4) Dividends paid to common shareholders were €8 million. (5) Depreciation expense was €41 million. (6) Income tax payable decreased by €11 million. (7) Long-term debt increased by €28 million. (8) Accounts payable decreased by €6 million. (9) Inventories increased by €17 million. Based on the above information, calculate the following...
please answer with explanation 9.(3.5 points) Changes in all of E's balance sheet accounts during the...
please answer with explanation
9.(3.5 points) Changes in all of E's balance sheet accounts during the current year, EXCEPT the change in E’s retained earnings account, follow. Compute E's net income (or net loss) for the year assuming the only two entries E made to her retained earnings account during the year were for a cash dividend declared and paid of $30,000 and for her net income (or net loss) for the year. This is NOT a statement of cash...
Use the following information to prepare a statement of cash flows for Stable Equipment Company for...
Use the following information to prepare a statement of cash flows for Stable Equipment Company for the year ended December 31, 2019. Net income for the year 2019 was $5,000. Accounts receivable decreased $2,000, while inventories increased $4,000. Accounts payable decreased $7,000 and Accrued liabilities increased $1,000. Depreciation expense included in net income was $8,000. During the year, a piece of used equipment with its book value of $7,500 was sold for $8,000 and a new service truck was purchased...
Bentley Corporation's balance sheet and income statement are as follow Bentley Corporation Comparative Balance Sheet Information...
Bentley Corporation's balance sheet and income statement are as follow Bentley Corporation Comparative Balance Sheet Information Assets Cash ........ Accounts receivable. Merchandise inventory ....... Equipment Accumulated depreciation ............. Total assets... Liabilities and Equity Accounts payable Income taxes payable .... Common shares........ Retained earnings ...... Total liabilities and equity.... December 31 2011 2010 5 116,000 $ 78,000 62,000 54,000 406,000 356,000 222,000 198,000 (104.000) (68,000) 5618,000 5 702,000 $ 46,000 18,000 520,000 118,000 5 702,000 $ 64,000 16,000 480,000 58,000 $618,000...
2) You've obtained the following balance sheet information for 2015 & 2016 along with income statement...
2) You've obtained the following balance sheet information for 2015 & 2016 along with income statement information for 2016 2016 $80 Catego 2015 $50 Cate 2016 $50 Sales Cost of Goods Sold Interest Expense Current Assets 420 60 $24 $5 Net Fixed Assets Accounts Payable Accrued Expenses Long-term Debt Owner's Equit 250 30 25 150 95 40 250 150 Depreciation Tax Rate $6 30% a)Calculate the Operating Cash Flow for 2016 b)Calculate the Free Cash Flow for 2016 c) What...
2) You've obtained the following balance sheet information for 2015 & 2016 along with income statement...
2) You've obtained the following balance sheet information for 2015 & 2016 along with income statement information for 2016 2016 $80 Catego 2015 $50 Cate 2016 $50 Sales Cost of Goods Sold Interest Expense Current Assets 420 60 $24 $5 Net Fixed Assets Accounts Payable Accrued Expenses Long-term Debt Owner's Equit 250 30 25 150 95 40 250 150 Depreciation Tax Rate $6 30% a)Calculate the Operating Cash Flow for 2016 b)Calculate the Free Cash Flow for 2016 c) What...
Beginning Balance upts 3) Autry Corporation's balance sheet and income statement appear below. Ending Balance Comparative...
Beginning Balance upts 3) Autry Corporation's balance sheet and income statement appear below. Ending Balance Comparative Balance Sheet 26 par 65 159 227 386 - 81 Assets: Current assets! Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total...
2) You've obtained the following balance sheet information for 2015 & 2016 along with income statement...
2) You've obtained the following balance sheet information for 2015 & 2016 along with income statement information for 2016. 2016 Categor Current Assets 2015 S50 Categor Sales Cost of Goods Sold Interest Expense $80 S50 250 30 420 60 $24 $5 Net Fixed Assets Accounts Pavable Accrued Expenses Long-term Debt Owner's Equit 25 150 95 40 250 150 Depreciation Tax Rate S6 30% a)Calculate the Operating Cash Flow for 2016. b)Calculate the Free Cash Flow for 2016. c)What is the...
Marbry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance...
Marbry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance $ 60 48 80 188 540 276 264 $ 452 $ 44 63 63 170 530 263 267 $437 Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable...
11. (8 points) Changes in all of E's balance sheet accounts during the current year, EXCEPT the change in E's retained earnings account follow. Compute E's net income (or net loss) for the year assuming the only two entries E made to her retained earnings account during the year were for a cash dividend declared and paid of $50,000 and her net income (or net loss) for the year. (This is NOT a statement of cash flows problem - do...
please answer with explanation
9.(3.5 points) Changes in all of E's balance sheet accounts during the current year, EXCEPT the change in E’s retained earnings account, follow. Compute E's net income (or net loss) for the year assuming the only two entries E made to her retained earnings account during the year were for a cash dividend declared and paid of $30,000 and for her net income (or net loss) for the year. This is NOT a statement of cash...
Bentley Corporation's balance sheet and income statement are as follow Bentley Corporation Comparative Balance Sheet Information Assets Cash ........ Accounts receivable. Merchandise inventory ....... Equipment Accumulated depreciation ............. Total assets... Liabilities and Equity Accounts payable Income taxes payable .... Common shares........ Retained earnings ...... Total liabilities and equity.... December 31 2011 2010 5 116,000 $ 78,000 62,000 54,000 406,000 356,000 222,000 198,000 (104.000) (68,000) 5618,000 5 702,000 $ 46,000 18,000 520,000 118,000 5 702,000 $ 64,000 16,000 480,000 58,000 $618,000...
2) You've obtained the following balance sheet information for 2015 & 2016 along with income statement information for 2016 2016 $80 Catego 2015 $50 Cate 2016 $50 Sales Cost of Goods Sold Interest Expense Current Assets 420 60 $24 $5 Net Fixed Assets Accounts Payable Accrued Expenses Long-term Debt Owner's Equit 250 30 25 150 95 40 250 150 Depreciation Tax Rate $6 30% a)Calculate the Operating Cash Flow for 2016 b)Calculate the Free Cash Flow for 2016 c) What...
2) You've obtained the following balance sheet information for 2015 & 2016 along with income statement information for 2016 2016 $80 Catego 2015 $50 Cate 2016 $50 Sales Cost of Goods Sold Interest Expense Current Assets 420 60 $24 $5 Net Fixed Assets Accounts Payable Accrued Expenses Long-term Debt Owner's Equit 250 30 25 150 95 40 250 150 Depreciation Tax Rate $6 30% a)Calculate the Operating Cash Flow for 2016 b)Calculate the Free Cash Flow for 2016 c) What...
Beginning Balance upts 3) Autry Corporation's balance sheet and income statement appear below. Ending Balance Comparative Balance Sheet 26 par 65 159 227 386 - 81 Assets: Current assets! Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total...
2) You've obtained the following balance sheet information for 2015 & 2016 along with income statement information for 2016. 2016 Categor Current Assets 2015 S50 Categor Sales Cost of Goods Sold Interest Expense $80 S50 250 30 420 60 $24 $5 Net Fixed Assets Accounts Pavable Accrued Expenses Long-term Debt Owner's Equit 25 150 95 40 250 150 Depreciation Tax Rate S6 30% a)Calculate the Operating Cash Flow for 2016. b)Calculate the Free Cash Flow for 2016. c)What is the...
Marbry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance $ 60 48 80 188 540 276 264 $ 452 $ 44 63 63 170 530 263 267 $437 Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable...
Most questions answered within 3 hours.
-
What's the streaming business's problem on the
horizon?
asked 28 minutes ago -
I need help with writing the conclusion for this online lab
report
Abstract
By testing the...
asked 41 minutes ago -
For the reaction 1N2+3H2-----> 2NH3, would the reaction rate
trend be: delta[NH3]/ delta t = -2...
asked 1 hour ago -
Within your current/past organization, identify a problem/issue
and format a design to address same. You may...
asked 58 minutes ago -
A sock stuck to the side of a clothes-dryer barrel has a
centripetal acceleration of 24...
asked 2 hours ago -
A perfect gas undergoes an isentropic process such that its
volume doubles. If the ratio of...
asked 2 hours ago -
list the elements in groups 3A to 6A in the same order as in the
periodic...
asked 2 hours ago -
Estimating effect size. Peng and Chen (2014)
evaluated effect size estimates for various tests. In their...
asked 2 hours ago -
Write a script in MySQL that creates and calls a stored
procedure name test. This procedure...
asked 2 hours ago -
If we test the following: H0: μ = 17
vs. H1: μ ≠ 17 and the...
asked 2 hours ago -
in the past year TVG had revenues of 3 million, cost
of goods sold of $25...
asked 3 hours ago -
4) In a polypeptide, which bond cannot rotate because of its
partial double bond character?
The...
asked 3 hours ago