Change Accruals +$37,000 -13,000 85,000 Accounts payable Notes payable +145,000 +16,000 receivable Cash a. Using the...
Change in net working capital calculation Samuels Manufacturing is considering the purchase of a new machine to replace one it believes is obsolete. The firm has total current assets of $919,000 and total current liabilities of $645,000. As a result of the proposed replacement, the following changes are anticipated in the levels of the current asset and current liability accounts noted. Change +$44,000 Account Accruals Marketable securities Inventories Accounts payable Notes payable Accounts receivable Cash - 13,000 + 89,000 +...
Accounts payable 45,000 Accounts receivable 122,400 Accruals 13,500 Additional paid in capital 216,660 Cash ??? ??? Common Stock @ par value 42,000 COGS 170,859.00 Depreciation expense 22,505.00 Interest expense 16,397.00 Inventories 115,200 Long-term debt 137,579.00 Net fixed assets 399,600 Notes payable 64,800 Operating expenses (excluding depreciaiton) 65,679.00 Retained earnings 136,800 Sales 338,326.00 Taxes 18,562.00 Hello I am given the current year's financial data for a firm. The question asks me: "What is the firm's net income for the current year?",...
Net income Depreciation Expense Change in Accounts Receivable Change in Inventory Change in Accounts Payable OPERATING CASH FLOWS Acquisitions of fixed assets INVESTING CASH FLOWS Change in Notes Payable Change in Long-term debt Change in Common stock FINANCING CASH FLOWS NET CHANGE IN CASH CASH AT BEGINNING OF YEAR CASH AT END OF YEAR 2019 2018 change Cash 200,000 170,000 30,000 Accounts Receivable 864,000 700,000 164,000 Inventory 2,000,000 1,400,000 600,000 ...
JohnBoy Industries has a cash balance of $45,000, accounts payable of $125,000, inventory of $175,000, accounts receivable of $210,000, notes payable of $120,000, and accrued wages and taxes of $37,000. How much net working capital does the firm need to fund?
Category Accounts payable Accounts receivable Accruals Additional paid in capital Prior Year Current Year 3,124.00 5,934.00 6,913.00 9,019.00 5,615.00 6,102.00 20,027.00 13,020.00 ??? ??? 2,850 2,850 22,502.00 18,811.00 500 500 1,037.00 958.00 Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense 1,255.00 1,144.00 Inventories Long-term debt Net fixed assets Notes payable 3,092.00 16,514.00 75,682.00 4,000.00 19,950 35,991.00 46,360 350 6,650.00 22,442.00 74,197.00 6,586.00 20,000 34,579.00 45,113.00 Operating expenses (excl. depr.) Retained earnings Sales Taxes 920 What is...
Category Prior Year Current Year Accounts payable 3,150.00 5,992.00 Accounts receivable 6,894.00 8,943.00 Accruals 5,670.00 6,131.00 Additional paid in capital 19,856.00 13,133.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,187.00 18,580.00 Current portion long-term debt 500 500 Depreciation expense 1,015.00 992.00 Interest expense 1,280.00 1,163.00 Inventories 3,094.00 6,655.00 Long-term debt 16,884.00 22,259.00 Net fixed assets 75,251.00 74,036.00 Notes payable 4,034.00 6,525.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,887.00 34,659.00 Sales 46,360 45,933.00 Taxes 350 920 What is...
Category Prior Year Current Year Accounts payable 3,121.00 5,900.00 Accounts receivable 6,926.00 8,979.00 Accruals 5,755.00 6,090.00 Additional paid in capital 20,088.00 13,895.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,088.00 18,877.00 Current portion long-term debt 500 500 Depreciation expense 1,031.00 1,010.00 Interest expense 1,271.00 1,168.00 Inventories 3,020.00 6,696.00 Long-term debt 16,788.00 22,442.00 Net fixed assets 75,543.00 74,004.00 Notes payable 4,096.00 6,516.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,178.00 34,622.00 Sales 46,360 45,381.00 Taxes 350 920 What is...
14. Item Prior year Current year Accounts payable 8,124.00 7,838.00 Accounts receivable 6,017.00 6,711.00 Accruals 968.00 1,366.00 Cash ??? ??? Common Stock 10,585.00 11,139.00 COGS 12,721.00 18,130.00 Current portion long-term debt 4,971.00 4,957.00 Depreciation expense 2,500 2,828.00 Interest expense 733 417 Inventories 4,210.00 4,789.00 Long-term debt 15,000.00 13,141.00 Net fixed assets 50,055.00 54,139.00 Notes payable 4,341.00 9,810.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,040.00 30,617.00 Sales 35,119 47,949.00 Taxes 2,084 2,775 What is the firm's cash flow from...
What is the firm's dividend payment in the current year?
Category Accounts payable Accounts receivable Accruals Additional paid in capital Prior Year Current Year 3,154.00 5,949.00 6,915.00 8,903.00 5,661.00 6,140.00 19,502.00 13,483.00 ??? ??? 2,850 2,850 22,728.00 18,917.00 500 500 Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets 1,005.00 1,274.00 3,004.00 16,846.00 75,803.00 4,056.00 19,950 35,955.00 46,360 350 966.00 1,166.00 6,654.00 22,140.00 73,898.00 6,573.00 20,000 34,880.00 45,380.00 920 Notes payable...
Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year ??? ??? 320,715 397,400 40,500 33,750 500,000 541,650 17,500 47,500 94,000 105,000 328,500 429,318.00 33,750 35,000 54,000 54,871.00 40,500 42,817.00 279,000 288,000 336,376.00 400,508.00 946,535 999,000 148,500 162,000 126,000 162,799.00 306,000 342,000 639,000 853,202.00 24,750 47,618.00 What is...