Homework Answers
a)
| Cash flow from operating activities | ||
| Net profit before tax (9000+3000) (A) | 12000 | |
| Add: Non Cash Item (B) | ||
| Depreciation | 4800 | |
| Operating profit before working capital changes (A)+(B) | 16800 | |
| Less: Increase in current Assets: | ||
| Accounts receivable | (150) | |
| Inventory | (150) | |
| Add: Increase in current liabilities | ||
| Accounts Payable | 150 | |
| Cash flow from operating activities before Tax | 16650 | |
| Less: Taxes paid | (3000) | |
| Cash flow form operating Activities | 13650 |
b)
| Cash flow from Investing Activities | ||
| Purchase of fixed Assets {13000-(12350-4800)} | (5450) | |
| Cash flow from Investing Activities | (5450) |
c)
| Cash flow from Financing Activities | ||
| Proceeds from Long term debts (6000-5700) | 300 | |
| Payment of dividend | (8450) | |
| Cash flow from Financing Activities | (8150) |
Note:- Change in Equity is only due to Net Income and Dividend.
d)
| Net Cash flow | ||
| Cash flow form operating Activities | 13650 | |
| Cash flow from Investing Activities | (5450) | |
| Cash flow from Financing Activities | (8150) | |
| Net Cash flow | 50 | |
| Add: Opening cash & cash equivalent | 950 | |
| Closing Cash & cash equivalent | 1000 |
"Plesae rate if it helps you or let me know if anything else"
Add Answer to:
13. Below is the balance sheet for Northern Comfort Company for December 31 of 2018 and...
Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016....
Below is the balance sheet for Southern Comfort Company for
December 31 of 2015 and 2016.
1. What was the cash flow to creditors in
2016?
2. What was the cash flow to stockholders in
2016?
Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016. 2015 2016 2015 2016 Cash 900 1,000 Accounts payable 2,700 3,000 Accounts receivable 2,700 3,000 Current liabilities 2,700 3,000 Inventory 2,700 3,000 Long-term debt 5,400 6,000 Current...
Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016....
Below is the balance sheet for Southern Comfort Company for
December 31 of 2015 and 2016. The income statement for 2016 is also
given. Find the following:
1. What was cash flow from assets in 2016?
2. What was the cash flow to creditors in
2016?
3. What was the cash flow to stockholders in
2016?
Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016. 2015 2016 Cash 900 1,000 Accounts receivable...
1. a. The balance sheet shows a company's assets and liabilities, at one point in time...
1. a. The balance sheet shows a company's assets and liabilities, at one point in time assets and liabilities; over a period of time revenue and costs; at one point in time revenue and costs, over a period of time b. Which are examples of current assets? Check all that apply: Cash Accounts receivable Accrued expenses Inventory c. Which are examples of current liabilities? Check all that apply: Accounts payable Accrued wages Current portion of long-term debt Paid-in capital 2....
A late penalty of 70% will apply to new answers. Intro Below is the balance sheet...
A late penalty of 70% will apply to new answers. Intro Below is the balance sheet for Northern Comfort Company for December 31 of 2018 and 2019. Cash Accounts receivable Inventory Current assets Net fixed assets 2018 2019 850 1,000 2,550 3,000 2,550 3,000 5,950 7,000 11,050 13,000 17,000 20,000 2018 2019 Accounts payable 2,550 3,000 Current liabilities 2,550 3,000 Long-term debt 5 ,100 6,000 Total liabilities 7,650 9,000 Equity 9,350 11,000 Total liab. & equity 17,000 20,000 Total assets...
Intro Below is the balance sheet for Rumble Clock Inc. for December 31 of 2018 and...
Intro Below is the balance sheet for Rumble Clock Inc. for December 31 of 2018 and 2019. 2018 900 2019 1,050 Cash Accounts receivable Inventory Current assets Net fixed assets 2,700 3,150 2,700 3,150 6,300 7,350 11,700 13,650 2018 2,700 2,700 ,400 8,100 9,900 Accounts payable Current liabilities Long-term debt Total liabilities Equity Total liab. & equity 2019 3,150 3,150 6,300 9,450 11,550 5 Total assets 18,000 21,000 18,000 21,000 The income statement for 2019 is also given: Sales Cost...
3. Below is the balance sheet for Glucose Control Company as of Dec. 31, 2018. The...
3. Below is the balance sheet for Glucose Control Company as of Dec. 31, 2018. The company reported an annual net income of $85,000 for the following year, 2019, but did not change its assets or liabilities, unless otherwise noted. Assets Cash Marketable securities Accounts receivable Inventory Current assets 13,000 2,000 5,000 33,000 53,000 34,000 80,000 114,000 167,000 Liabilities and Equity Accounts payable 18,000 Notes payable 6,000 Current liabilities 24,000 Long-term debt 95,000 Total liabilities 119,000 Paid-in capital 20,000 Retained...
Use the balance sheet and income statement below Balance Sheet as of December 31, 2018 and...
Use the balance sheet and income statement below Balance Sheet as of December 31, 2018 and 20127 (in thousands of dollars) Cash and marketable securities Accounts receivable Inventory 62第57 164 147 373 361 87 197 Accrued wages and taxes Accounts payable 157 205 323 Total Fixed assets: 616 591 Total Long-term debt 914 Stockholders' equity 5 644 $ 588 Less: Accumulated depreciation Net plant and equipment other long-term assets $1,121 943 1,109 Preferred stock (6 thousand shares) 785 Common stock...
Preston Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets $ Current...
Preston Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets $ Current Assets: Cash Accounts Receivable Long-term Assets: Plants Assets 5,000 $ 9,600 3,900 5,100 Accumulated Depreciation—Plant Assets 105,350 84,350 (29,350) (18,350) 90,600 $ 75,000 $ Total Assets Liabilities Current Liabilities: Accounts Payable $ 8,000 $ 4,500 Long-term Liabilities: 9,000 12,000 17,000 16,500 Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings 27,000 46,600 73,600 90,600 $ 23,000 35,500 58,500 75,000 Total Stockholders'...
Dec 31, 2018 A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance She...
Dec 31, 2018 A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec 31, 2019 Assets Cash $ 34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments Equipment 60,000 Accumulated depreciation equipment (20,000) Total assets $123,000 Liabilities and Stockholders' Equity Accounts payable $ 17.000 Bonds payable 36.000 Common stock 40,000 Retained earnings Total liabilities and stockholders' equity $123,000 $11,000 13,000 17.000 9,000 17.000 33,000 (15,000) $85.000 $ 7.000 45,000 23,000 30,000 10.000 $85.000...
The Adams Corporation reported the following income statement for 2018 and comparative balance sheet for 2018...
The Adams Corporation reported the following income statement for 2018 and comparative balance sheet for 2018 and 2017, along with transaction data for 2018: (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare Adams Corporation's statement of cash flows for the year ended December 31, 2018. Format cash flows from operating activities by the indirect method. (Use a minus sign or parentheses for...
Below is the balance sheet for Southern Comfort Company for
December 31 of 2015 and 2016.
1. What was the cash flow to creditors in
2016?
2. What was the cash flow to stockholders in
2016?
Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016. 2015 2016 2015 2016 Cash 900 1,000 Accounts payable 2,700 3,000 Accounts receivable 2,700 3,000 Current liabilities 2,700 3,000 Inventory 2,700 3,000 Long-term debt 5,400 6,000 Current...
Below is the balance sheet for Southern Comfort Company for
December 31 of 2015 and 2016. The income statement for 2016 is also
given. Find the following:
1. What was cash flow from assets in 2016?
2. What was the cash flow to creditors in
2016?
3. What was the cash flow to stockholders in
2016?
Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016. 2015 2016 Cash 900 1,000 Accounts receivable...
1. a. The balance sheet shows a company's assets and liabilities, at one point in time assets and liabilities; over a period of time revenue and costs; at one point in time revenue and costs, over a period of time b. Which are examples of current assets? Check all that apply: Cash Accounts receivable Accrued expenses Inventory c. Which are examples of current liabilities? Check all that apply: Accounts payable Accrued wages Current portion of long-term debt Paid-in capital 2....
A late penalty of 70% will apply to new answers. Intro Below is the balance sheet for Northern Comfort Company for December 31 of 2018 and 2019. Cash Accounts receivable Inventory Current assets Net fixed assets 2018 2019 850 1,000 2,550 3,000 2,550 3,000 5,950 7,000 11,050 13,000 17,000 20,000 2018 2019 Accounts payable 2,550 3,000 Current liabilities 2,550 3,000 Long-term debt 5 ,100 6,000 Total liabilities 7,650 9,000 Equity 9,350 11,000 Total liab. & equity 17,000 20,000 Total assets...
Intro Below is the balance sheet for Rumble Clock Inc. for December 31 of 2018 and 2019. 2018 900 2019 1,050 Cash Accounts receivable Inventory Current assets Net fixed assets 2,700 3,150 2,700 3,150 6,300 7,350 11,700 13,650 2018 2,700 2,700 ,400 8,100 9,900 Accounts payable Current liabilities Long-term debt Total liabilities Equity Total liab. & equity 2019 3,150 3,150 6,300 9,450 11,550 5 Total assets 18,000 21,000 18,000 21,000 The income statement for 2019 is also given: Sales Cost...
3. Below is the balance sheet for Glucose Control Company as of Dec. 31, 2018. The company reported an annual net income of $85,000 for the following year, 2019, but did not change its assets or liabilities, unless otherwise noted. Assets Cash Marketable securities Accounts receivable Inventory Current assets 13,000 2,000 5,000 33,000 53,000 34,000 80,000 114,000 167,000 Liabilities and Equity Accounts payable 18,000 Notes payable 6,000 Current liabilities 24,000 Long-term debt 95,000 Total liabilities 119,000 Paid-in capital 20,000 Retained...
Use the balance sheet and income statement below Balance Sheet as of December 31, 2018 and 20127 (in thousands of dollars) Cash and marketable securities Accounts receivable Inventory 62第57 164 147 373 361 87 197 Accrued wages and taxes Accounts payable 157 205 323 Total Fixed assets: 616 591 Total Long-term debt 914 Stockholders' equity 5 644 $ 588 Less: Accumulated depreciation Net plant and equipment other long-term assets $1,121 943 1,109 Preferred stock (6 thousand shares) 785 Common stock...
Preston Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets $ Current Assets: Cash Accounts Receivable Long-term Assets: Plants Assets 5,000 $ 9,600 3,900 5,100 Accumulated Depreciation—Plant Assets 105,350 84,350 (29,350) (18,350) 90,600 $ 75,000 $ Total Assets Liabilities Current Liabilities: Accounts Payable $ 8,000 $ 4,500 Long-term Liabilities: 9,000 12,000 17,000 16,500 Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings 27,000 46,600 73,600 90,600 $ 23,000 35,500 58,500 75,000 Total Stockholders'...
Dec 31, 2018 A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec 31, 2019 Assets Cash $ 34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments Equipment 60,000 Accumulated depreciation equipment (20,000) Total assets $123,000 Liabilities and Stockholders' Equity Accounts payable $ 17.000 Bonds payable 36.000 Common stock 40,000 Retained earnings Total liabilities and stockholders' equity $123,000 $11,000 13,000 17.000 9,000 17.000 33,000 (15,000) $85.000 $ 7.000 45,000 23,000 30,000 10.000 $85.000...
The Adams Corporation reported the following income statement for 2018 and comparative balance sheet for 2018 and 2017, along with transaction data for 2018: (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare Adams Corporation's statement of cash flows for the year ended December 31, 2018. Format cash flows from operating activities by the indirect method. (Use a minus sign or parentheses for...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago