1. A firm has beginning net fixed assets of $168,000 and ending net fixed assets of...
1. A firm has beginning net fixed assets of $168,000 and ending net fixed assets of $141,300. Depreciation was $21,000. What is the amount of capital spending? A. $2,500 B. $5,700 C. $47,700 D, $26,700
2. You have been given the following information about Pho Lucky Inc.: Last year, the company had common stock of $325,568 and long-term debt of $78,445. During the year Pho Lucky had net income of $248,462 and paid dividends of $219,651. This year-end common stock is $404,379 and long-term debt is $61,290. You are required to calculate cash flow from financing activities (both debt and equity) for the Accounting Statement of Cash Flows for the current year. (Hint: remember to account for retained earnings and dividends) A. $0 B. -$46,124 C. -$186,806 D. $186,806
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1. A firm has beginning net fixed assets of $168,000 and ending
net fixed assets of...
the net fixed assets for the year 2016 is? the net fixed assets for year 2017...
the net fixed assets for the year 2016 is?
the net fixed assets for year 2017 is?
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $46,100 W (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes...
Meridian Distributions had beginning net fixed assets of $8,194 and ending net fixed assets of $9,273....
Meridian Distributions had beginning net fixed assets of $8,194 and ending net fixed assets of $9,273. Assets valued at $386 were sold during the year. Depreciation was $429. What is the amount of net capital spending? $1,508 $1,536 $1,472 $1,581 $1,443
Charter Communications had beginning net fixed assets of $7,420 and ending net fixed assets of $8,316....
Charter Communications had beginning net fixed assets of $7,420 and ending net fixed assets of $8,316. Assets valued at $298 were sold during the year. Depreciation was $388. What is the amount of net capital spending? $1,190 $1,245 $1,284 $1,326 $1,362
ACME Company had beginning net fixed assets of $258,000 and ending net fixed assets of $341,000....
ACME Company had beginning net fixed assets of $258,000 and ending net fixed assets of $341,000. Assets valued at $27,000 were sold during the year. Depreciation was $24,000. What is the amount of net capital spending? $107,000 $112,000 $117,000 $92,000 $97,000
A firm has sales of $63,000, current assets of $13,000, current liabilities of $14,500, net fixed assets of $74,000, and a profit margin of 7.50%. The firm has no long-term debt and does not plan on a...
A firm has sales of $63,000, current assets of $13,000, current liabilities of $14,500, net fixed assets of $74,000, and a profit margin of 7.50%. The firm has no long-term debt and does not plan on acquiring any. The firm does not pay any dividends. Sales are expected to increase by 4% next year. If all assets, short-term liabilities, and costs vary directly with sales, how much additional equity financing is required for next year? A. $4,914 B. $2,000 C....
Berkeley Automobile Company Inc. (000's) 2018 2019 Sales $ 10,500 $ 16,000 Net Fixed Assets $...
Berkeley Automobile Company Inc. (000's) 2018 2019 Sales $ 10,500 $ 16,000 Net Fixed Assets $ 9,800 $ 9,650 Inventory $ 3,100 $ 4,510 Cost of Goods Sold $ 6,900 $ 9,242 Interest theatino $ 300 $ 375 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 360 Accounts Receivable $ 1,600 $ 4,900 Accounts Payable $ 2,400 $ 3,600 Long-Term Debt $ 3,500 $ 4,120 Tax Rate 34% 34% Dividends $ 824...
Webster's has beginning net fixed assets of $684,218, ending net fixed assets of $679,426, and depreciation...
Webster's has beginning net fixed assets of $684,218, ending net fixed assets of $679,426, and depreciation expense of $48,859. What is the net capital spending for the year if the tax rate is 25 percent? $53,651 $48,600 $42.920 $35.255 $44,067
how and what is the formula to find net increase? a. Purchase of fixed assets for...
how and what is the formula to find net increase?
a. Purchase of fixed assets for cash, $53,300 Proceeds from issuance of common stock, $33,000 Payment of dividends, $46,400 Collection of interest, $6,500 o o o o h. i. j. k. Proceeds from sale of fixed assets, $22,400 Collections from customers, $635,000 Cash receipt of dividend revenue, $4,600 Payments to suppliers, $368,500 Depreciation expense, $59,000 Proceeds from issuance of long-term notes, $22,300 - n. Income tax expense and payments, $36,000...
A firm has inventory of $11,400, accounts payable of $9,800, cash of $850, net fixed assets...
A firm has inventory of $11,400, accounts payable of $9,800, cash of $850, net fixed assets of $12,150, long-term debt of $9,500, accounts receivable of $6,600, and total equity of $11,700. What is the common-size percentage for the net fixed assets? a) 26.67 percent b) 48.75 percent c) 39.19 percent d) 42.08 percent I already got this question wrong, but i dont know why. Any help would be great!
Cash 500 800 Accounts receivable 1,400 1,200 Inventory 3,900 4,400 4 Net fixed assets 8,200 8,200...
Cash 500 800 Accounts receivable 1,400 1,200 Inventory 3,900 4,400 4 Net fixed assets 8,200 8,200 Land 1,000 Total Assets 2,000 16,600 15,000 Notes payable 1,000 600 Accounts payable 3.000 2,000 Accruals 500 900 Long-term debt 3,600 5.400 Common Stock 2,500 2.200 Retained earnings 4,400 Total Liabilities and 5,500 Equity 15,000 16,600 Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012 Cash Flow from Financing Activities for 2012 assuming the following...
the net fixed assets for the year 2016 is?
the net fixed assets for year 2017 is?
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $46,100 W (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes...
Berkeley Automobile Company Inc. (000's) 2018 2019 Sales $ 10,500 $ 16,000 Net Fixed Assets $ 9,800 $ 9,650 Inventory $ 3,100 $ 4,510 Cost of Goods Sold $ 6,900 $ 9,242 Interest theatino $ 300 $ 375 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 360 Accounts Receivable $ 1,600 $ 4,900 Accounts Payable $ 2,400 $ 3,600 Long-Term Debt $ 3,500 $ 4,120 Tax Rate 34% 34% Dividends $ 824...
Webster's has beginning net fixed assets of $684,218, ending net fixed assets of $679,426, and depreciation expense of $48,859. What is the net capital spending for the year if the tax rate is 25 percent? $53,651 $48,600 $42.920 $35.255 $44,067
how and what is the formula to find net increase?
a. Purchase of fixed assets for cash, $53,300 Proceeds from issuance of common stock, $33,000 Payment of dividends, $46,400 Collection of interest, $6,500 o o o o h. i. j. k. Proceeds from sale of fixed assets, $22,400 Collections from customers, $635,000 Cash receipt of dividend revenue, $4,600 Payments to suppliers, $368,500 Depreciation expense, $59,000 Proceeds from issuance of long-term notes, $22,300 - n. Income tax expense and payments, $36,000...
Cash 500 800 Accounts receivable 1,400 1,200 Inventory 3,900 4,400 4 Net fixed assets 8,200 8,200 Land 1,000 Total Assets 2,000 16,600 15,000 Notes payable 1,000 600 Accounts payable 3.000 2,000 Accruals 500 900 Long-term debt 3,600 5.400 Common Stock 2,500 2.200 Retained earnings 4,400 Total Liabilities and 5,500 Equity 15,000 16,600 Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012 Cash Flow from Financing Activities for 2012 assuming the following...
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