Use the following information for Chambers Corporation to answer the following question: &
Use the following information for Chambers Corporation to answer the following question:
20x1 20x2
Net Income $825,000 $930,000
Depreciation Expense 130,000 165,000
Inventory 1,200,000 1,640,000
Gross Fixed Assets 4,500,000 4,850,000
Dividends Paid 110,000 110,000
Accounts Receivable 700,000 810,000
Issued Common Stock 1,500,000 0
Accounts Payable 400,000 430,000
Long-Term Debt 1,100,000 1,600,000
Accruals 150,000 140,000
Net Fixed Assets 2,000,000 2,550,000
Cash 400,000 1,005,000
Calculate the net cash from financing activities for Chambers Corporation for the year 20x2.
Select one:
a.
$1,610,000
b.
Negative $610,000
c.
$610,000
d.
$390,000
Homework Answers
cash flow from financing activities = -repayment of debt-dividends paid
= -(debt in 20x2 - debt in 20x1) - (dividends paid in 20x2)
= -(1600000-1100000)-(110000)
= -610000
ans) b) negative 610000
Add Answer to:
Use the following information for Chambers Corporation to answer the following question: &
Use the following information for Chambers Corporation to answer the following questions: 20x1 &
Use the following information for Chambers Corporation to answer the following questions: 20x1 20x2 Net Income $825,000 $930,000 Depreciation Expense 130,000 165,000 Inventory 1,200,000 1,640,000 Gross Fixed Assets 4,500,000 4,850,000 Dividends Paid 110,000 110,000 Accounts Receivable 700,000 810,000 Issued Common Stock 1,500,000 0 Accounts Payable 400,000 430,000 Long-Term Debt 1,100,000 1,600,000 Accruals 150,000 140,000 Net Fixed Assets 2,000,000 2,550,000 Cash 400,000 1,005,000 Calculate the net cash from operating activities for Chambers Corporation for...
Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 Accounts receivable $ 267,500...
Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 Accounts receivable $ 267,500 $ 230,000 Inventory 312,500 257,500 Total current assets 670,000 565,000 Intangible assets 50,000 60,000 Total assets 825,000 695,000 Current liabilities 252,500 200,000 Long-term liabilities 77,500 75,000 Sales 1,640,000 Cost of goods sold 982,500 Interest expense 10,000 Income tax expense 77,500 Net income 127,500 Cash flow from operations 71,000 Cash flow from investing activities (6,000 ) Cash flow from financing activities (62,500 ) Tax rate...
Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 Accounts receivable $ 267,500...
Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 Accounts receivable $ 267,500 $ 230,000 Inventory 312,500 257,500 Total current assets 670,000 565,000 Intangible assets 50,000 60,000 Total assets 825,000 695,000 Current liabilities 252,500 200,000 Long-term liabilities 77,500 75,000 Sales 1,640,000 Cost of goods sold 982,500 Interest expense 10,000 Income tax expense 77,500 Net income 127,500 Cash flow from operations 71,000 Cash flow from investing activities (6,000 ) Cash flow from financing activities (62,500 ) Tax rate...
The Statement of Cash Flows 215 Problem 14 sed balance sheets of the Spartan Inn are...
The Statement of Cash Flows 215 Problem 14 sed balance sheets of the Spartan Inn are as follows: The condensed bala Spartan Inn Condensed Balance Sheets December 31, 20X1 and 20X2 20X1 Assets Current Assets: 20X2 Cash $ $ Marketable Securities Accounts Receivable Inventory Total Current Assets Investments Property and Equipment: 30,000 50,000 100,000 20,000 200,000 100,000 40,000 50,000 95,000 25,000 210,000 60,000 500,000 5,000,000 1,000,000 (1,600,000) 4,900,000 $5,200,000 500,000 6,000,000 1,100,000 (2,000,000) 5,600,000 $5,870,000 Land Building Equipment Accumulated Depreciation...
Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 Accounts receivable $ 267,500...
Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 Accounts receivable $ 267,500 $ 230,000 Inventory 312,500 257,500 Total current assets 670,000 565,000 Intangible assets 50,000 60,000 Total assets 825,000 695,000 Current liabilities 252,500 200,000 Long-term liabilities 77,500 75,000 Sales 1,640,000 Cost of goods sold 982,500 Interest expense 10,000 Income tax expense 77,500 Net income 127,500 Cash flow from operations 71,000 Cash flow from investing activities (6,000 ) Cash flow from financing activities (62,500 ) Tax rate...
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year...
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold 2,200,000 1,300,000 900,000 420,000 150,000 330,000 90,000 240,000 80,000 160,000 10,000 150,000 120,000 1.25 Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share Statement of Retained Earnings For the Year Ended December...
A comparative balance sheet for “Alpha” Company containing data in € for the last recent years...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the indirect method.
2. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
20X2 20X2 20X1 Assets Fixed assets: Land Buildings Less accumulated depreciation Equipment Less accumulated depreciation Total fixed assets 170,000 450.000 (110,000) Comparative Balance Sheet Liabilities...
A comparative balance sheet for “Alpha” Company containing data in € for the last recent years...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
2. How can a firm distribute (finance) a positive (negative) cash
component of
earnings? Explain briefly (max: 300 words)
20X2 20X2 20X1 Assets Fixed assets: Land Buildings Less accumulated depreciation Equipment Less accumulated depreciation Total fixed assets 170,000 450.000 (110,000) Comparative Balance...
A comparative balance sheet for “Alpha” Company containing data in € for the last recent years...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the indirect method.
2. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
3. How can a firm distribute (finance) a positive (negative) cash
component of
earnings? Explain briefly (max: 300 words)
20X2 20X2 20X1 Assets Fixed assets:...
A comparative balance sheet for “Alpha” Company containing data in € for the last recent years...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the indirect method.
2. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
3. How can a firm distribute (finance) a positive (negative) cash
component of
earnings? Explain briefly (max: 300 words)
20X2 20X2 20X1 Assets Fixed assets:...
The Statement of Cash Flows 215 Problem 14 sed balance sheets of the Spartan Inn are as follows: The condensed bala Spartan Inn Condensed Balance Sheets December 31, 20X1 and 20X2 20X1 Assets Current Assets: 20X2 Cash $ $ Marketable Securities Accounts Receivable Inventory Total Current Assets Investments Property and Equipment: 30,000 50,000 100,000 20,000 200,000 100,000 40,000 50,000 95,000 25,000 210,000 60,000 500,000 5,000,000 1,000,000 (1,600,000) 4,900,000 $5,200,000 500,000 6,000,000 1,100,000 (2,000,000) 5,600,000 $5,870,000 Land Building Equipment Accumulated Depreciation...
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold 2,200,000 1,300,000 900,000 420,000 150,000 330,000 90,000 240,000 80,000 160,000 10,000 150,000 120,000 1.25 Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share Statement of Retained Earnings For the Year Ended December...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the indirect method.
2. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
20X2 20X2 20X1 Assets Fixed assets: Land Buildings Less accumulated depreciation Equipment Less accumulated depreciation Total fixed assets 170,000 450.000 (110,000) Comparative Balance Sheet Liabilities...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
2. How can a firm distribute (finance) a positive (negative) cash
component of
earnings? Explain briefly (max: 300 words)
20X2 20X2 20X1 Assets Fixed assets: Land Buildings Less accumulated depreciation Equipment Less accumulated depreciation Total fixed assets 170,000 450.000 (110,000) Comparative Balance...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the indirect method.
2. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
3. How can a firm distribute (finance) a positive (negative) cash
component of
earnings? Explain briefly (max: 300 words)
20X2 20X2 20X1 Assets Fixed assets:...
A comparative balance sheet for “Alpha” Company containing data
in € for the last
recent years is as follows:
Required:
1. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the indirect method.
2. Prepare the cash flow statement for “Alpha” Company for this
year 20X2,
using the direct method. .
3. How can a firm distribute (finance) a positive (negative) cash
component of
earnings? Explain briefly (max: 300 words)
20X2 20X2 20X1 Assets Fixed assets:...
Most questions answered within 3 hours.
-
Write a chemical equation for these reactions. (Use
the lowest possible whole number coefficients.) Include
states-of-matter...
asked 9 minutes ago -
For each of the Z-scores below, determine two probabilities
(show four three decimal places): (1) the...
asked 44 minutes ago -
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 3 hours ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 3 hours ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 3 hours ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 3 hours ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 3 hours ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 3 hours ago -
A current of I=8.0A is flowing in a typical extension cord of
length L=3.00m. The cord...
asked 3 hours ago -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 4 hours ago -
Provide a definition of “classification hierarchy” and
illustrate your definition with an example of how and...
asked 4 hours ago -
1. Describe the four main green solvents. Provide one example of
the use of each solvent....
asked 4 hours ago