Homework Answers
93)Cash debt coverage ratio:
=Net cash flow provided by operating activities/Total liabilities
=$300000/$250000
=1.2 (option 4)
94)Free cash flow:
=Cash flow from operating activities - Capital expenditure
=$335000-$114000
=$221000(option 2)
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Multiple Choice Question 93 Cullumber Company reports the following information: Net cash provided by operating activities...
Bell Corporation reports the following information: Net cash provided by operating activities $275,000 Average current liabilities...
Bell Corporation reports the following information: Net cash provided by operating activities $275,000 Average current liabilities 150,000 Average non-current liabilities 100,000 Cash dividends declared 60,000 Capital expenditures (for daily operations) 110,000 Payments of debt 35,000 Bell’s: a) cash debt coverage is (expressed to 2 decimal places) : 1 b) current cash debt coverage is (expressed to 2 decimal places) : 1 c) free cash flow is $
uestion 31 Tildhorse Co. reports: $ 324000 118000 Cash provided by operating activities Cash used by...
uestion 31 Tildhorse Co. reports: $ 324000 118000 Cash provided by operating activities Cash used by investing activities Cash provided by financing activities Beginning cash balance 138000 88000 What is Wildhorse's ending cash balance? O $432000. O $580000. O $668000. O $412000 Click If you would like to Show Work for this question: Qren Sho
Multiple Choice Question 89 On its December 31, 2017 balance sheet, Cullumber Company appropriately reported a...
Multiple Choice Question 89 On its December 31, 2017 balance sheet, Cullumber Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2018 in the composition of Cumber's portfolio of debt investments held as available for sale debt securities. The following information pertains to that portfolio: Security Cost Fair value at 12/31/18 $105000 $97000 78000 79000 81000 142000 $317000 $265000 What amount of unrealized loss on these debt securities should be included...
The following information is available for Splish Brothers Inc.: Cash receipts from operating activities Cash payments...
The following information is available for Splish Brothers Inc.: Cash receipts from operating activities Cash payments from operating activities Net cash used by investing Net cash provided by financing Net increase in cash and equivalents Cash and equivalents at start of year Cash and equivalents at year-end (in million) $940 $290 $250 $900 $660 What is the net increase in cash and equivalents? O $640 $1800 $1300 $2460 Use the following data to determine the total dollar amount of assets...
Multiple Choice Question 95 Oriole Company gives you the following information pertaining to the year 2017....
Multiple Choice Question 95 Oriole Company gives you the following information pertaining to the year 2017. Net sales Cost of goods sold Current assets Current liabilities Average total assets Total liabilities Net income $805000 513000 529000 234000 1150000 560000 133000 The asset turnover ratio of Oriole Company is O 0.12. O 0.70. O 0.45. O 1.43. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 96 Oriole Company gives you the following...
Multiple Choice Question 105 In Bramble Company, net income is $284800. If accounts receivable increased $140300...
Multiple Choice Question 105 In Bramble Company, net income is $284800. If accounts receivable increased $140300 and accounts payable decreased $40800, net cash provided by operating activities using the indirect method is O $185300 $465900 O $384300 O $103700 Click if you would like to Show Work for this question: Open Show Work
Multiple Choice Question 57 Cullumber Company purchases land for $120000 cash. Cullum ber assumes $5100 in...
Multiple Choice Question 57 Cullumber Company purchases land for $120000 cash. Cullum ber assumes $5100 in property taxes due on the land. The title and attorney fees totaled $2300. Cullumber has the land graded for $3600. They paid $18000 for paving of a parking lot. What amount does Cullumber record as the cost for the land? $125900. $131000. O$149000. $120000. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of used SAVE...
Multiple Choice Question 165 Pharoah Company had the following accounts and balances: $34100 $32000 5100 34100...
Multiple Choice Question 165 Pharoah Company had the following accounts and balances: $34100 $32000 5100 34100 Accounts payable Accounts receivable Buildings Cash Equipment Land Unearned service revenue Total stockholders' equity ? 9900 15150 ? If the balance of the Buildings account was $78500, what would be the total of liabilities and stockholders' equity? $115150 $161850 $166950 $125050 Click if you would like to Show Work for this question: Open Show Work
US Help l System Announcements CALCULATOR PRINTER VERSION Multiple Choice Question 167 13 The following information...
US Help l System Announcements CALCULATOR PRINTER VERSION Multiple Choice Question 167 13 The following information relates to Sheridan Company: Prepaid Insurance, December 31, 2021 $253700 23 Prepaid Insurance, December 31, 2022 235200 Insurance expense for 2017 1344000 n 31 Using the direct method of reporting cash flows from operating activities, what was the amount of cash paid for insurance premiums by Sheridan during 2022? on 39 O $1579200. O $1362500. $1325500. O $1362500. Click if you would like to...
Lendell Company Balance Sheets December 31 2020 2019 Cash $ 15,000 $29,000 Accounts receivable (net) 69,000...
Lendell Company Balance Sheets December 31 2020 2019 Cash $ 15,000 $29,000 Accounts receivable (net) 69,000 60,000 Inventory 61,000 51,000 Plant assets (net) 204,000 178,000 $349,000 $318,000 Accounts payable $50,000 $60,500 Mortgage payable (15%) 108,000 108,000 Common stock, $10 par 145,000 122,000 Retained earnings 46,000 27,500 $349,000 $318,000 Additional information for 2020: 1. Net income was $25,000. 2. Sales on account were $413,650. Sales returns and allowances amounted to $20,200. 3. Cost of goods sold was $196,000 4. Net cash...
uestion 31 Tildhorse Co. reports: $ 324000 118000 Cash provided by operating activities Cash used by investing activities Cash provided by financing activities Beginning cash balance 138000 88000 What is Wildhorse's ending cash balance? O $432000. O $580000. O $668000. O $412000 Click If you would like to Show Work for this question: Qren Sho
Multiple Choice Question 89 On its December 31, 2017 balance sheet, Cullumber Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2018 in the composition of Cumber's portfolio of debt investments held as available for sale debt securities. The following information pertains to that portfolio: Security Cost Fair value at 12/31/18 $105000 $97000 78000 79000 81000 142000 $317000 $265000 What amount of unrealized loss on these debt securities should be included...
The following information is available for Splish Brothers Inc.: Cash receipts from operating activities Cash payments from operating activities Net cash used by investing Net cash provided by financing Net increase in cash and equivalents Cash and equivalents at start of year Cash and equivalents at year-end (in million) $940 $290 $250 $900 $660 What is the net increase in cash and equivalents? O $640 $1800 $1300 $2460 Use the following data to determine the total dollar amount of assets...
Multiple Choice Question 95 Oriole Company gives you the following information pertaining to the year 2017. Net sales Cost of goods sold Current assets Current liabilities Average total assets Total liabilities Net income $805000 513000 529000 234000 1150000 560000 133000 The asset turnover ratio of Oriole Company is O 0.12. O 0.70. O 0.45. O 1.43. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 96 Oriole Company gives you the following...
Multiple Choice Question 105 In Bramble Company, net income is $284800. If accounts receivable increased $140300 and accounts payable decreased $40800, net cash provided by operating activities using the indirect method is O $185300 $465900 O $384300 O $103700 Click if you would like to Show Work for this question: Open Show Work
Multiple Choice Question 57 Cullumber Company purchases land for $120000 cash. Cullum ber assumes $5100 in property taxes due on the land. The title and attorney fees totaled $2300. Cullumber has the land graded for $3600. They paid $18000 for paving of a parking lot. What amount does Cullumber record as the cost for the land? $125900. $131000. O$149000. $120000. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of used SAVE...
Multiple Choice Question 165 Pharoah Company had the following accounts and balances: $34100 $32000 5100 34100 Accounts payable Accounts receivable Buildings Cash Equipment Land Unearned service revenue Total stockholders' equity ? 9900 15150 ? If the balance of the Buildings account was $78500, what would be the total of liabilities and stockholders' equity? $115150 $161850 $166950 $125050 Click if you would like to Show Work for this question: Open Show Work
US Help l System Announcements CALCULATOR PRINTER VERSION Multiple Choice Question 167 13 The following information relates to Sheridan Company: Prepaid Insurance, December 31, 2021 $253700 23 Prepaid Insurance, December 31, 2022 235200 Insurance expense for 2017 1344000 n 31 Using the direct method of reporting cash flows from operating activities, what was the amount of cash paid for insurance premiums by Sheridan during 2022? on 39 O $1579200. O $1362500. $1325500. O $1362500. Click if you would like to...
Lendell Company Balance Sheets December 31 2020 2019 Cash $ 15,000 $29,000 Accounts receivable (net) 69,000 60,000 Inventory 61,000 51,000 Plant assets (net) 204,000 178,000 $349,000 $318,000 Accounts payable $50,000 $60,500 Mortgage payable (15%) 108,000 108,000 Common stock, $10 par 145,000 122,000 Retained earnings 46,000 27,500 $349,000 $318,000 Additional information for 2020: 1. Net income was $25,000. 2. Sales on account were $413,650. Sales returns and allowances amounted to $20,200. 3. Cost of goods sold was $196,000 4. Net cash...
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