Homework Answers
Question 5)
Answer : “Inventory days on hand decrease by 5 days and cost of goods sold as a percentage of sales decreases”
This is because in recession the sale of housing decreases and as inventory stock held and the COGS are directly proportional to the sales, so they decreases along-with the sales . In the case of less sales, the inventory required also decreases.
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Question (5) Directions: Click the "Case-link" displayed above and use the information provided in Hearth and...
Question (8) Directions: Click the Case Link above and use the information provided in Hearth and...
Question (8) Directions: Click the Case Link above and use the information provided in Hearth and Home, Part B, to answer this question: Hearth and Home presently offers 30 day terms to its customers . If Hearth and Home changed its terms to 45 days, and as a result, all customers paid 15 days later than before, what would be the approximate effect on the company's borrowing needs in 20Y3?
Directions: Click the Case Link above and use the information provided in Frazier & Sons Inc.,...
Directions: Click the Case Link above
and use the information provided in Frazier & Sons Inc., Part
A, to answer this question:
What was Frazier & Sons' earnings before interest, taxes,
depreciation and amortization (EBITDA) for the year
20Y2?
This is a single choice question. Selections are automatically
selected as you use arrow to move.
a. $45,500
b. $52,800
c. $59,800
d. $67,100
Frazier & Sons, Inc. Part A Frazier & Sons, Inc. Balance Sheets Ast December 31 2012 2011...
Case Link Question (3) Directions Click the Case Lint above and use the infrnation provided in Revolatienary Designs, Inc, Parts A this question: What is the impact of sale...
Case Link Question (3) Directions Click the Case Lint above and use the infrnation provided in Revolatienary Designs, Inc, Parts A this question: What is the impact of sales growth on Rrvolutionary Designs' barrawing needs? The busiess had buph long em sles growh anda weasra sles pesk, which neduces ts nee toro The business has epeced ong ter sales grech and has a gencond sales enk,boh odwc are potebreingcses The busness hed ne longem sales growich and no seasural sées...
Light Touch Balance Sheets (in $000s) As At December 31 20Y3 20Y2 20Y1 ASSETS Current assets...
Light Touch Balance Sheets (in $000s) As At December 31 20Y3 20Y2 20Y1 ASSETS Current assets Cash 0 600 2,158 Accounts receivable 2,454 1,440 Inventory 3,480 3,168 2,500 Prepaid expenses 416 240 302 400 Other current assets 224 180 Total current assets 6,574 5,746 5,242 Fixed assets 2,030 1,542 1,470 Other noncurrent assets 640 420 428 TOTAL ASSETS 9,244 7,708 7,140 LIABILITIES AND EQUITY Current liabilities Short-term debt $ 604 20 0 Current portion-LTD Accounts payable 400 400 400 1,672...
Cash Flow Summary (in $000s) Company Name: Pacesetters, Inc. Target Line Number 20Y2 Sales revenue (net)...
Cash Flow Summary (in $000s) Company Name: Pacesetters, Inc. Target Line Number 20Y2 Sales revenue (net) A Accounts receivable (1) (2) (3) 9,000 (190) 8,810 Cash collected from sales Cash cost of goods sold (4) (6,199) A Inventory A Accounts payable (5) (134) (6) 168 Cash paid for production (7) (6.165) Cash from trading activities (3) + (7) (8) 2,645 Cash SG&A expense (9) (10) (1,559) A Prepaid expenses A Accrued expenses 31 (11) 22 Cash paid for operating costs...
Using the information provided above, compute the net cash flow provided by (used in) operating, investing...
Using the information provided above, compute the net cash flow
provided by (used in) operating, investing and financing activities
using the indirect method.
Prepare a cash flow statement for the year ended December 31,
Year 2
STATEMENT OF CASH FLOWS (INDIRECT METHOD) The Group, Inc. Consolidated Balance Sheets (in thousands) Dec. 31, Dec. 31, Year 2 Year 1 ASSETS Current assets: Cash and cash equivalents $ 92,062 $ 72,634 Accounts receivables, net 55,947 75,492 Inventories 50,784 53,129 Prepaid expenses 12,112...
Use the balance sheets and information provided about revenue and expenses to answer the question. Stuart...
Use the balance sheets and
information provided about revenue and expenses to answer the
question. Stuart Company Balance Sheet As of December 31, 2018
(amounts in thousands) Cash 84,000 Accounts Payable 28,000 Accounts
Receivable 47,000 Debt 34,000 Inventory 42,000 Other Liabilities
9,000 Property Plant & Equipment, Gross 243,000 Total
Liabilities 71,000 Accumulated Depreciation 71,000 Paid-In Capital
67,000 Property Plant & Equipment, Net 172,000 Retained
Earnings 235,000 Other Assets 28,000 Total Equity 302,000 Total
Assets 373,000 Total Liabilities & Equity 373,000...
Use the information above to develop a Balance Sheet and Income Statement. Answer the following questions...
Use the information above to develop a Balance Sheet and Income
Statement. Answer the following questions
A) Calculate the Net Income (or Net Loss) After Interest and
Taxes
B) Calculate the Total Amount of Current Assets
C) Calculate the Total Amount of Current Liabilities.
D) Calculate the Total Assets
E) What is the total amount of the stockholders equity
Cash $28,784 Depreciation Expense $4,100 Taxes Payable $712 Land $62,000 Treasury Stock $2,210 Mortgage $43,500 Payable Sales Discounts $1.258 and Returns...
Use the following information for the Problems below. [The following information applies to the questions displayed...
Use the following information for the Problems below. [The following information applies to the questions displayed below.] Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially...
Analyzing, Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance...
Analyzing, Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance sheet of Whole Foods Market, Inc. Income Statement, For Years Ended (in $ 000s) 2010 2009 Sales $ 9,005,794 $ 8,031,620 Cost of goods sold and occupancy costs 5,870,393 5,277,310 Gross profit 3,135,401 2,754,310 Direct store expenses 2,375,716 2,145,809 General administrative expenses 272,449 243,749 Pre-opening expenses 38,044 49,218 Relocation, store closures and lease termination costs 11,217 31,185 Operating income 437,975 284,349 Interest expense (33,048)...
Question (8) Directions: Click the Case Link above and use the information provided in Hearth and Home, Part B, to answer this question: Hearth and Home presently offers 30 day terms to its customers . If Hearth and Home changed its terms to 45 days, and as a result, all customers paid 15 days later than before, what would be the approximate effect on the company's borrowing needs in 20Y3?
Directions: Click the Case Link above
and use the information provided in Frazier & Sons Inc., Part
A, to answer this question:
What was Frazier & Sons' earnings before interest, taxes,
depreciation and amortization (EBITDA) for the year
20Y2?
This is a single choice question. Selections are automatically
selected as you use arrow to move.
a. $45,500
b. $52,800
c. $59,800
d. $67,100
Frazier & Sons, Inc. Part A Frazier & Sons, Inc. Balance Sheets Ast December 31 2012 2011...
Case Link Question (3) Directions Click the Case Lint above and use the infrnation provided in Revolatienary Designs, Inc, Parts A this question: What is the impact of sales growth on Rrvolutionary Designs' barrawing needs? The busiess had buph long em sles growh anda weasra sles pesk, which neduces ts nee toro The business has epeced ong ter sales grech and has a gencond sales enk,boh odwc are potebreingcses The busness hed ne longem sales growich and no seasural sées...
Light Touch Balance Sheets (in $000s) As At December 31 20Y3 20Y2 20Y1 ASSETS Current assets Cash 0 600 2,158 Accounts receivable 2,454 1,440 Inventory 3,480 3,168 2,500 Prepaid expenses 416 240 302 400 Other current assets 224 180 Total current assets 6,574 5,746 5,242 Fixed assets 2,030 1,542 1,470 Other noncurrent assets 640 420 428 TOTAL ASSETS 9,244 7,708 7,140 LIABILITIES AND EQUITY Current liabilities Short-term debt $ 604 20 0 Current portion-LTD Accounts payable 400 400 400 1,672...
Cash Flow Summary (in $000s) Company Name: Pacesetters, Inc. Target Line Number 20Y2 Sales revenue (net) A Accounts receivable (1) (2) (3) 9,000 (190) 8,810 Cash collected from sales Cash cost of goods sold (4) (6,199) A Inventory A Accounts payable (5) (134) (6) 168 Cash paid for production (7) (6.165) Cash from trading activities (3) + (7) (8) 2,645 Cash SG&A expense (9) (10) (1,559) A Prepaid expenses A Accrued expenses 31 (11) 22 Cash paid for operating costs...
Using the information provided above, compute the net cash flow
provided by (used in) operating, investing and financing activities
using the indirect method.
Prepare a cash flow statement for the year ended December 31,
Year 2
STATEMENT OF CASH FLOWS (INDIRECT METHOD) The Group, Inc. Consolidated Balance Sheets (in thousands) Dec. 31, Dec. 31, Year 2 Year 1 ASSETS Current assets: Cash and cash equivalents $ 92,062 $ 72,634 Accounts receivables, net 55,947 75,492 Inventories 50,784 53,129 Prepaid expenses 12,112...
Use the balance sheets and
information provided about revenue and expenses to answer the
question. Stuart Company Balance Sheet As of December 31, 2018
(amounts in thousands) Cash 84,000 Accounts Payable 28,000 Accounts
Receivable 47,000 Debt 34,000 Inventory 42,000 Other Liabilities
9,000 Property Plant & Equipment, Gross 243,000 Total
Liabilities 71,000 Accumulated Depreciation 71,000 Paid-In Capital
67,000 Property Plant & Equipment, Net 172,000 Retained
Earnings 235,000 Other Assets 28,000 Total Equity 302,000 Total
Assets 373,000 Total Liabilities & Equity 373,000...
Use the information above to develop a Balance Sheet and Income
Statement. Answer the following questions
A) Calculate the Net Income (or Net Loss) After Interest and
Taxes
B) Calculate the Total Amount of Current Assets
C) Calculate the Total Amount of Current Liabilities.
D) Calculate the Total Assets
E) What is the total amount of the stockholders equity
Cash $28,784 Depreciation Expense $4,100 Taxes Payable $712 Land $62,000 Treasury Stock $2,210 Mortgage $43,500 Payable Sales Discounts $1.258 and Returns...
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