Homework Answers
Total Assets=Cash+Account Receivable+Inventory+Fixed Assets
=5+20+50+175=250
Total Liabilities =Account Payable+Other Current Liabilities+Long
term debt=22+65+40=127
Equity=Total Assets-Total Liabilities =250-127=123
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please help with steps rate = 35%. (195) 6. Based on the following information, calculate stockholders' equity: Cash...
Based on the following information, calculate stockholders' equity: cash equals $230; accounts receivable equals $30; inventory...
Based on the following information, calculate stockholders' equity: cash equals $230; accounts receivable equals $30; inventory equals $90; net fixed assets equals $220; total current liabilities equals $80; accounts payable equals $20; and long term debt equals $50. 0 0 $440 $420 $400 $320 None of the above is correct.
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $129,000; Patents...
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $129,000; Patents and copyrights $630,000; Accounts payable $211,000; Accounts receivable $125,000; Tangible net fixed assets $1,625,000; Inventory $294,000; Notes payable $170,000; Accumulated retained earnings- $1,274,000; Long-term debt -$847,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP Balance Sheet Assets Liabilities and Equity Cash Accounts receivable Inventory 129,000 125,000 294,000 Accounts payable Notes payable Crrent labilites Current...
Use the following information (assume the tax rate is 35 percent): For 2015, calculate the cash...
Use the following information (assume the tax rate is 35
percent):
For 2015, calculate the cash flow from assets, cash flow to
creditors, and cash flow to stockholders.
2014 2015 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends $ 9,635$ 10,209 1,306 3,240 714 783 5,383 6,307 926 15,440 17,850 36,255 37,437 4,365 9,85010,118 1,231 1,305 2,876 819 705 4,289 5,619 974 4,676 1,136
Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $146,000;...
Prepare a 2017 balance sheet for Jarrow Corp. based on the
following information: cash = $146,000; patents and copyrights =
$630,000; accounts payable = $222,500; accounts receivable =
$165,000; tangible net fixed assets = $1,665,000; inventory =
$302,500; notes payable = $135,000; accumulated retained earnings =
$1,240,000; long-term debt = $864,000. (Do not round
intermediate calculations. Be sure to list the accounts in order of
their liquidity.)
Prepare a 2017 balance sheet for Jarrow Corp. based on the following...
Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $146,000;...
Prepare a 2017 balance sheet for Jarrow Corp. based on the
following information: cash = $146,000; patents and copyrights =
$630,000; accounts payable = $222,500; accounts receivable =
$165,000; tangible net fixed assets = $1,665,000; inventory =
$302,500; notes payable = $135,000; accumulated retained earnings =
$1,240,000; long-term debt = $864,000
Complete the following analysis. Do not hard core values in your
answers meaning: a calculation using cells, not numbers, is
needed.
Sales Costs Other expenses EBIT Interest expense Taxable...
Assets Current Assets Cash Accounts receivable Liabilities and Stockholders' Equity Current liabilities Accounts payable 640,000 Notes...
Assets Current Assets Cash Accounts receivable Liabilities and Stockholders' Equity Current liabilities Accounts payable 640,000 Notes payable to banks 120,000 150,000 ($ less Accrued wages allowance for doubtful accounts of $10,000) 1,170,000 80,000 1,190,000 Inventory Taxes Owed Total current liabilities Long-term debt 1,620,000 $ 020, TO Total current assets Land Plant and equipment ($2,330,000 less accumulated depreciation 1,400,000 4,610,000 Stockholders' equity Common stock ($1 par, 610,000 shares authorized, 580,000 outstanding) Retained earnings Total stockholders' equity $ Total liabilities and equity...
Make a cash flow statement using the following information below. 2017 Income Statement Sales 989 100...
Make a cash flow statement using the following information
below.
2017 Income Statement Sales 989 100 479 500 Cost of goods sold Selling and administrative 218 300 Depreciation 95 500 EBIT 195 800 Interest 33 760 EBT 162 040 Taxes 84 200 Net Income 77 840 Dividends 16 800 Additions to retained earnings 61 040 Cash $ 9 500 Accounts receivable Eumeralla Ltd Balance Sheet as at 30 June 2016 $ 13 300 Accounts payable 18 900 Notes payable 13...
Can't figure out how to Calculate the Cash Flow to Stockholders (question F) Graffiti Advertising, Inc.,...
Can't figure out how to Calculate the Cash Flow to Stockholders
(question F)
Graffiti Advertising, Inc., reported the following financial statements for the last two years. 2016 Income Statement Sales Costs of goods sold Selling and administrative Depreciation EBIT Interest EBT Taxes $566,200 274,015 124,731 54,574 $112,880 19,340 $ 93,540 37,416 56,124 $ 9,800 46,324 Net income Dividends Addition to retained earnings GRAFFITI ADVERTISING, INC Balance Sheet as of December 31, 2015 Cash Accounts receivable Inventory Current assets $ 13,340...
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $131.000;...
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $131.000; Patents and copyrights = $630,000: Accounts payable - $212,000. Accounts receivable = $107,500; Tangible net fixed assets = $1,630,000: Inventory = $295,000 Notes payable = $180,000; Accumulated retained earnings = $1,270,000: Long-term debt = $849,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP. Balance Sheet Assets Liabilities and Equity Current liabilites Total liabilities ROGERS...
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $147,000;...
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $147,000; Patents and copyrights = $630,000; Accounts payable = $223,500; Accounts receivable = $117,500; Tangible net fixed assets = $1,670,000; Inventory = $303,000; Notes payable = $140,000; Accumulated retained earnings = $1,238,000; Long-term debt = $865,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP. Balance Sheet Assets Liabilities and Equity Current liabilites Total liabilities Total...
Based on the following information, calculate stockholders' equity: cash equals $230; accounts receivable equals $30; inventory equals $90; net fixed assets equals $220; total current liabilities equals $80; accounts payable equals $20; and long term debt equals $50. 0 0 $440 $420 $400 $320 None of the above is correct.
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $129,000; Patents and copyrights $630,000; Accounts payable $211,000; Accounts receivable $125,000; Tangible net fixed assets $1,625,000; Inventory $294,000; Notes payable $170,000; Accumulated retained earnings- $1,274,000; Long-term debt -$847,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP Balance Sheet Assets Liabilities and Equity Cash Accounts receivable Inventory 129,000 125,000 294,000 Accounts payable Notes payable Crrent labilites Current...
Use the following information (assume the tax rate is 35
percent):
For 2015, calculate the cash flow from assets, cash flow to
creditors, and cash flow to stockholders.
2014 2015 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends $ 9,635$ 10,209 1,306 3,240 714 783 5,383 6,307 926 15,440 17,850 36,255 37,437 4,365 9,85010,118 1,231 1,305 2,876 819 705 4,289 5,619 974 4,676 1,136
Prepare a 2017 balance sheet for Jarrow Corp. based on the
following information: cash = $146,000; patents and copyrights =
$630,000; accounts payable = $222,500; accounts receivable =
$165,000; tangible net fixed assets = $1,665,000; inventory =
$302,500; notes payable = $135,000; accumulated retained earnings =
$1,240,000; long-term debt = $864,000. (Do not round
intermediate calculations. Be sure to list the accounts in order of
their liquidity.)
Prepare a 2017 balance sheet for Jarrow Corp. based on the following...
Prepare a 2017 balance sheet for Jarrow Corp. based on the
following information: cash = $146,000; patents and copyrights =
$630,000; accounts payable = $222,500; accounts receivable =
$165,000; tangible net fixed assets = $1,665,000; inventory =
$302,500; notes payable = $135,000; accumulated retained earnings =
$1,240,000; long-term debt = $864,000
Complete the following analysis. Do not hard core values in your
answers meaning: a calculation using cells, not numbers, is
needed.
Sales Costs Other expenses EBIT Interest expense Taxable...
Assets Current Assets Cash Accounts receivable Liabilities and Stockholders' Equity Current liabilities Accounts payable 640,000 Notes payable to banks 120,000 150,000 ($ less Accrued wages allowance for doubtful accounts of $10,000) 1,170,000 80,000 1,190,000 Inventory Taxes Owed Total current liabilities Long-term debt 1,620,000 $ 020, TO Total current assets Land Plant and equipment ($2,330,000 less accumulated depreciation 1,400,000 4,610,000 Stockholders' equity Common stock ($1 par, 610,000 shares authorized, 580,000 outstanding) Retained earnings Total stockholders' equity $ Total liabilities and equity...
Make a cash flow statement using the following information
below.
2017 Income Statement Sales 989 100 479 500 Cost of goods sold Selling and administrative 218 300 Depreciation 95 500 EBIT 195 800 Interest 33 760 EBT 162 040 Taxes 84 200 Net Income 77 840 Dividends 16 800 Additions to retained earnings 61 040 Cash $ 9 500 Accounts receivable Eumeralla Ltd Balance Sheet as at 30 June 2016 $ 13 300 Accounts payable 18 900 Notes payable 13...
Can't figure out how to Calculate the Cash Flow to Stockholders
(question F)
Graffiti Advertising, Inc., reported the following financial statements for the last two years. 2016 Income Statement Sales Costs of goods sold Selling and administrative Depreciation EBIT Interest EBT Taxes $566,200 274,015 124,731 54,574 $112,880 19,340 $ 93,540 37,416 56,124 $ 9,800 46,324 Net income Dividends Addition to retained earnings GRAFFITI ADVERTISING, INC Balance Sheet as of December 31, 2015 Cash Accounts receivable Inventory Current assets $ 13,340...
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $131.000; Patents and copyrights = $630,000: Accounts payable - $212,000. Accounts receivable = $107,500; Tangible net fixed assets = $1,630,000: Inventory = $295,000 Notes payable = $180,000; Accumulated retained earnings = $1,270,000: Long-term debt = $849,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP. Balance Sheet Assets Liabilities and Equity Current liabilites Total liabilities ROGERS...
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