Sunset Boards
| 2018 | 2019 | |||||||
| Cost of goods sold | $ 196,619 | $ 248,263 | ||||||
| Cash | 28,372 | 42,865 | ||||||
| Depreciation | 55,506 | 62,738 | ||||||
| Interest expense | 12,067 | 13,831 | ||||||
| Selling & Administrative Expenses | 38,668 | 50,469 | ||||||
| Accounts payable | 20,143 | 34,091 | ||||||
| Net fixed assets | 244,881 | 298,350 | ||||||
| Sales | 385,724 | 470,172 | ||||||
| Accounts receivable | 20,104 | 26,078 | ||||||
| Notes payable | 22,855 | 24,955 | ||||||
| Long-term debt | 123,607 | 140,000 | ||||||
| Inventory | 38,706 | 52,057 | ||||||
| New equity | - | 15,000 | ||||||
| Tax rate (average on all Taxable Income) | 30% | |||||||
| Dividend Payout Ratio (of Net Income) | 40% | |||||||
| 3) Calculate Operating Cash Flow (OCF) both 2018 and 2019 | |||||
| 4) Calculate Cash Flow from Assets (CFFA) for 2019 | |||||
| 5) Calculate Cash Flow to Creditors (CFC) for 2019 | |||||
| 6) Calculate Cash Flow to Stockholders (CFS) for 2019 | |||||
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1. Degree 33 Surfboards is a small company that sells surfboards in Southern California. They have...
1. Degree 33 Surfboards is a small company that sells surfboards in Southern California. They have only been in business for two years and provided the following information 2016 $196,619 28,372 55506 12,067 Cost of Goods Sold Cash Depreciation Interest Expense Selling and Administrative38,668 Accounts Pavable Net Fixed Assets Sales Accounts Receivables Notes Payable Long-Term Debt Inventor New Equity Raised 20,143 244,881 385,724 20,104 22,855 123,607 38,706 0 2017 248,263 42,865 62,738 13,831 50,469 34,091 298,350 470,172 26,078 24,955 140,000...
Cash Flows and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company that...
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...
OCF=operating cash flow NCS-net capital spending NWC= net working capital CFS=cash flow to shareholders CFC=cash flow...
OCF=operating cash flow
NCS-net capital spending
NWC= net working capital
CFS=cash flow to shareholders
CFC=cash flow to creditors
FCF=free cash flow
1. A firm has the financial information shown below. The average tax rate is 30%. The plowback ratio is 50%. Calculate OCF, NCS, change in NWC, CFS, CFC, and FCF. Income Statement 2019 Revenues $20,000 Cost of Goods Sold $10.000 Other operating expenses $1,000 Depreciation expense $3.000 EBIT $6,000 Interest Expense $3,200 Taxable income $2.800 Taxes $840 Net income...
. A firm has the financial information shown below. The average tax rate is 30%. The...
. A firm has the financial information shown below. The average tax rate is 30%. The plowback ratio is 50%. Calculate OCF, NCS, change in NWC, CFS, CFC, and FCF. Income Statement Revenues Cost of Goods Sold Other operating expenses Depreciation expense EBIT Interest Expense Taxable Income 2019 $20,000 $10,000 $1,000 $3,000 $6,000 $3,200 $2800 $840 $1,960 Taxes Net income 2020 2019 2020 Balance Sheet 2019 $12,000 Current Liabilities $9,000 $8,000 Current Assets $10,000 $88,000 Long-term debt $80,000 $186,000 Total...
I need help answering all parts with the questions. 6. Delish Dish, a small, local restaurant...
I need help answering all parts with the questions.
6. Delish Dish, a small, local restaurant here in Jersey City is doing well financially and is thinking about opening up another location in Hoboken next year. The owners have focused so much on cooking delicious food that they haven't really kept up with their financial records. Since you come into the restaurant frequently, the owners know you are taking a corporate finance course and ask if you could help them...
Chapter CHAR ) Fancial Seatments, Taman Cash Flow 201 ASE and Financial Statements at Sunset Boards,...
Chapter CHAR ) Fancial Seatments, Taman Cash Flow 201 ASE and Financial Statements at Sunset Boards, Inc. ssets ash ccounts Receivable iventory otal Current Assets xed Assets otal Assets mall company that manufactures 2018 2019 ds in Malibu. Tad Marks, the is in charge of the design and Cost of goods sold 5224,359 $283,231 but his background is in surfing, 32,372 34.394 sult, the company's financial Depreciation 63,334 71.584 Interest expense stained 13,703 15,780 Selling and administrative 44.121 57.586 nt...
MINICASE Cash Flows and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company...
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:...
1. A firm has the financial information shown below. The average tax rate is 30%. Th...
1. A firm has the financial information shown below. The average tax rate is 30%. Th ratio is 50%. Calculate OCF, NCS, change in NWC, CFS, CFC, and FCF. w. The average tax rate is 30%. The plowback Income Statement Revenues Cost of Goods Sold Other operating expenses Depreciation expense EBIT Interest Expense Taxable income Taxes Net income | 2019 $20,000 $10,000 $1.000 $3,000 $2.800 $840 $1,960 Balance Sheet 2019 2020 2019 2020 Current Assets $12,000 $10,000 $9,000 Current Liabilities...
CHAPTER CASE Cash Flows and Financial Statements at Sunset Boards, Inc. 2018 $224,359 $283,281 -32,372 34,394...
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-...
2018 2019 Assets Current assets Cash Accounts receivable Inventory 2018 2019 Liabilities and Owners' Equity Current...
2018 2019 Assets Current assets Cash Accounts receivable Inventory 2018 2019 Liabilities and Owners' Equity Current liabilities Accounts payable $500 $ 700 Notes payable 900 700 $ 500 $1,000 500 400 900 600 Total $ 1.900 $2,000 Total $ 1,400 $ 1,400 $ 400 $ 600 Long-term debt Owners' equity Common stock Accumulated retained earnings $ 600 $ 621 Fixed assets $ 500 $ 579 Net plant and equipment $1,000 $ 1,200 Total $ 1,100 $ 1200 Total assets $2,900...
1. Degree 33 Surfboards is a small company that sells surfboards in Southern California. They have only been in business for two years and provided the following information 2016 $196,619 28,372 55506 12,067 Cost of Goods Sold Cash Depreciation Interest Expense Selling and Administrative38,668 Accounts Pavable Net Fixed Assets Sales Accounts Receivables Notes Payable Long-Term Debt Inventor New Equity Raised 20,143 244,881 385,724 20,104 22,855 123,607 38,706 0 2017 248,263 42,865 62,738 13,831 50,469 34,091 298,350 470,172 26,078 24,955 140,000...
OCF=operating cash flow
NCS-net capital spending
NWC= net working capital
CFS=cash flow to shareholders
CFC=cash flow to creditors
FCF=free cash flow
1. A firm has the financial information shown below. The average tax rate is 30%. The plowback ratio is 50%. Calculate OCF, NCS, change in NWC, CFS, CFC, and FCF. Income Statement 2019 Revenues $20,000 Cost of Goods Sold $10.000 Other operating expenses $1,000 Depreciation expense $3.000 EBIT $6,000 Interest Expense $3,200 Taxable income $2.800 Taxes $840 Net income...
. A firm has the financial information shown below. The average tax rate is 30%. The plowback ratio is 50%. Calculate OCF, NCS, change in NWC, CFS, CFC, and FCF. Income Statement Revenues Cost of Goods Sold Other operating expenses Depreciation expense EBIT Interest Expense Taxable Income 2019 $20,000 $10,000 $1,000 $3,000 $6,000 $3,200 $2800 $840 $1,960 Taxes Net income 2020 2019 2020 Balance Sheet 2019 $12,000 Current Liabilities $9,000 $8,000 Current Assets $10,000 $88,000 Long-term debt $80,000 $186,000 Total...
I need help answering all parts with the questions.
6. Delish Dish, a small, local restaurant here in Jersey City is doing well financially and is thinking about opening up another location in Hoboken next year. The owners have focused so much on cooking delicious food that they haven't really kept up with their financial records. Since you come into the restaurant frequently, the owners know you are taking a corporate finance course and ask if you could help them...
Chapter CHAR ) Fancial Seatments, Taman Cash Flow 201 ASE and Financial Statements at Sunset Boards, Inc. ssets ash ccounts Receivable iventory otal Current Assets xed Assets otal Assets mall company that manufactures 2018 2019 ds in Malibu. Tad Marks, the is in charge of the design and Cost of goods sold 5224,359 $283,231 but his background is in surfing, 32,372 34.394 sult, the company's financial Depreciation 63,334 71.584 Interest expense stained 13,703 15,780 Selling and administrative 44.121 57.586 nt...
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:...
1. A firm has the financial information shown below. The average tax rate is 30%. Th ratio is 50%. Calculate OCF, NCS, change in NWC, CFS, CFC, and FCF. w. The average tax rate is 30%. The plowback Income Statement Revenues Cost of Goods Sold Other operating expenses Depreciation expense EBIT Interest Expense Taxable income Taxes Net income | 2019 $20,000 $10,000 $1.000 $3,000 $2.800 $840 $1,960 Balance Sheet 2019 2020 2019 2020 Current Assets $12,000 $10,000 $9,000 Current Liabilities...
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-...
2018 2019 Assets Current assets Cash Accounts receivable Inventory 2018 2019 Liabilities and Owners' Equity Current liabilities Accounts payable $500 $ 700 Notes payable 900 700 $ 500 $1,000 500 400 900 600 Total $ 1.900 $2,000 Total $ 1,400 $ 1,400 $ 400 $ 600 Long-term debt Owners' equity Common stock Accumulated retained earnings $ 600 $ 621 Fixed assets $ 500 $ 579 Net plant and equipment $1,000 $ 1,200 Total $ 1,100 $ 1200 Total assets $2,900...
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