Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing, not business. As a result, the company's financial records are not well maintained. The initial investment in Sunset Boards was provided by Tad and his friends and family. Because the initial investment was relatively small, and the company has made surfboards only for its own store, the investors haven't required detailed financial statements from Tad. But thanks to word of mouth among professional surfers, sales have picked up recently, and Tad is considering a major expansion. His plans include opening another surfboard store in Hawaii, as well as supplying his “sticks” (surfer lingo for boards) to other sellers. Tad's expansion plans require a significant investment, which he plans to finance with a combination of additional funds from outsiders plus some money borrowed from banks. Naturally, the new investors and creditors require more organized and detailed financial statements than Tad has previously prepared. At the urging of his investors, Tad has hired financial analyst Jameson Reid to evaluate the performance of the company over the past year. After rooting through old bank statements, sales receipts, tax returns, and other records, Jameson has assembled the following information:
Sunset Boards currently pays out 50 percent of net income as
dividends to Tad and the other original investors, and has a 20
percent tax rate. You are Jameson's assistant, and he has asked you
to prepare the following:
Find the Cash flow to stockholders for 2016.
Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company...
Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing, not business. As a result, the company's financial records are not well maintained. The initial investment in Sunset Boards was provided by Tad and his friends and family. Because the initial investment was relatively small, and the company has made surfboards only for...
please complete #4-6 cash flow statements in a table format for the above case Cash Flows and Financial Statements at Sunset Boards, Inc. unset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing, not business. As a result, the company's financial records are not well maintained The initial investment in Sunset Boards was...
Cash Flows and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing, not business. As a result, the company’s financial records are not well maintained. The initial investment in Sunset Boards was provided by Tad and his friends and family. Because the initial investment was relatively...
CHAPTER CASE CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS, INC. Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing, not business. As a result, the company’s financial records are not well maintained. The initial investment in Sunset Boards was provided by Tad and his friends and family. Because the initial investment...
Cash Flow and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing, not business. As a result, the company's financial records are not well maintained. The initial investment in Sunset Boards was provided by Tad and his friends and family. Because the initial investment was relatively...
MINICASE Cash Flows and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company. is in charge of the design and sale of the surfboards, but his background is in surfing, not business. As a result, the compa- ny's financial records are not well maintained. After rooting through old bank statements, sales receipts, tax returns, and other records, Christina has assembled the following information:...
CHAPTER CASE Cash Flows and Financial Statements at Sunset Boards, Inc. 2018 $224,359 $283,281 -32,372 34,394 63,334 71,584 13.783 15780 44,121 57,586 Sunset Boards is a small company that manufactures and sells Surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing. not business. As a result, the company's financial records are not well maintained The initial investment in Sunset Boards was pro-...
Cash Flows and Financial Statements at Sunset Boards, Inc. Sunset Boards currently pays out 50 percent of net income as dividends to Tad and the other original investors, and it has a 20 percent tax rate. You are Christina's assistant, and she has asked you to prepare the following: 1. An income statement for 2010 and 2011. 2. A balance sheet for 2010 and 2011. 3. Operating cash flow for each year. 4. Cash flow from assets for 2011. 5....
Please answer question 1 and 2 MINICASE Cash Flows and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing, not business. As a result, the compa- ny's financial records are not well maintained. After rooting through old bank statements, sales receipts returns, and other records, Christina...
2018 2019 $224,359 $283,281 32,372 34,394 63,334 71,584 13,783 15,780 44,121 57,586 unset Boards is a small company that manufactures Jand sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing. not business. As a result, the company's financial records are not well maintained. The initial investment in Sunset Boards was pro- vided by Tad and his friends and family. Because the...