Homework Answers
![Answer: If rounded Cash flow to creditors Cash flow to stockholders Cash flow from assets $4,834.00 or $1,441.50 or- $1,627.50 or off $4,834 [Ref: Step-1] 1,442 [Ref: Step-2] $1,628 [Ref: Step-3] Workings Interest expense for 2018 $1,330 Cash dividends Paid during 2018 $2,324.00 $35,254 $29,090 $72,407.68 $73,290.18 [Ref: NOTE] [Ref: NOTE] Long-Term Debt, Ending Bal Long-Term Debt, Beg. Bal Net New Long-Term Debt Step-1: Cash flow to creditors Common Stock-End. Bal. (2018) Common Stock-Beg. Bal. (2017) $6,164 [$29,090 $35,254] Net New Owners Equity $4,834 $882.50 [$73,290.18- $72,408.68] Step-2: Cash flow to shareholders $1,441.50 [$883 $2,324] or= -$1,442 [If rounded off]](http://img.homeworklib.com/questions/ecbfe5f0-5d25-11ea-b62a-4b2debff1154.png?x-oss-process=image/resize,w_560)
![2017 2018 NOTE $17,049.00 $18,798.00 Sales COGS Other Expenses Depreciation EBIT Interest Expense EBT Taxes (21%) Net Income So Dividends Additions to Retained Earnings 2018 72,792.00 $77,640.00 S40,620.00 $44,661.00 2017 $5,740.00 -$6,741.00 $1,350.00 -$1,183.00 $2,386.00 -$2,494.00 $7,573.00 $8,380.00 $1,115.00 -$1,330.00 $6,458.00 $7,050.00 $1,356.18-$1,480.50 [EBTx 21%) $5,101.82 $5,569.50 NFA CA Less LTD CL Equity Capital Less: Additions to RE of current year $3,072.82-$3,245.50 Less: Additions to RE of previous year Common Stock $29,090.00 -$35,254.00 7,959.00 $8,321.00 $76,363.00 $78,726.00 0.00 $3,072.82 [2017s figure $73,290.18 $72,407.68 $2,029.00 $2,324.00 $3,072.82 $3,245.50 [Net income - Dividends] Operating Cash Flow (OCF) for 2018 $9,393.50 [EBIT+Depreciation - Taxes $8,380+$2,494- $1,480.50 $9,393.50] 2018 $8,6819,277 $11,498 $13,512 441$21,872 S40,620 $44,661 2017 Cash Accounts Receivable Inventory Current Assets Net Fixed Assets, Ending balance - 2018 Add: Depreciation for 2018 Less: Net Fixed Assets, Ending balance -2017-$72,792.00 Net Capital Spending $77,640.00 $2,494.00 7,342.00](http://img.homeworklib.com/questions/ed47a040-5d25-11ea-97f5-1feaab2a60af.png?x-oss-process=image/resize,w_560)
![Short-term notes payable Accounts payable Current Liabilities $1,684$1,651 $6,275 $6,670 $7,959$8,321 Therefore Operating Cash Flow (OCF) for 2018 Less Changes in Net Working Capital Net Capital Spending Step-3: Cash flow from assets $9,393.50 Net Working Capital (Current Assets Current Liabilities) $3,679.00 $7,342.00 $1,627.50 $32,661$36,340 or-$1,628 [if rounded off Changes in Net Working Capital $3,679 [$36,340 $32,661 (Increase in NWC)]](http://img.homeworklib.com/questions/edd80330-5d25-11ea-85e5-ddf1adf735e2.png?x-oss-process=image/resize,w_560)
Add Answer to:
Use the following information for Taco Swel Inc., (assume the tax rate is 21 percent) 2017...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): ...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 2018 Sales $ 17,049 $ 18,798 Depreciation 2,386 2,494 Cost of goods sold 5,740 6,741 Other expenses 1,350 1,183 Interest 1,115 1,330 Cash 8,681 9,277 Accounts receivable 11,498 13,512 Short-term notes payable 1,684 1,651 Long-term debt 29,090 35,254 Net fixed assets 72,792 77,640 Accounts payable 6,275 6,670 Inventory 20,441 21,872 Dividends 2,029 2,324 For 2018, calculate the cash flow from assets, cash flow...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent) 2017...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent) 2017 2018 $17,049 $ 18,798 2,386 2,494 Sales Depreciation Cost of goods sold 5,740 6,741 Other expenses Interest Cash Accounts receivable 11,498 13,512 Short-term notes 1,350 1183 1,115 1,330 8,681 9,277 ook rint 1,684 1,651 payable ences Long-term debt Net fixed assets Accounts payable Inventory Dividends 29,090 35,254 72,792 77,640 6,670 20,441 21,872 2,029 2,324 6,275 For 2018, calculate the cash flow from assets, cash...
Use the following Information for Taco Swell, Inc, (assume the tax rate is 21 percent 2017...
Use the following Information for Taco Swell, Inc, (assume the tax rate is 21 percent 2017 2018 17049 $ 18,798 2,386 2,494 Sales Depreciation Cost of goods sold5,740 6,741 Other expenses50 1183 Interest Cash Accounts receivable 11,498 13,512 Short-term notes 5 1,330 8,681 9,277 1,684 1,651 29,090 35,254 payable Long-term debt Net fixed assets 72,792 77640 Accounts payable6,2756,670 Inventory Dividends 20,441 21,872 2,029 2,324 For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow to...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent) 2017...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent) 2017 2018 $17,049 $ 18,798 Sales Depreciation 2,386 2,494 5,740 6,741 Cost of goods sold Other expenses 1,350 1,183 1,115 1,330 8,681 9,277 Accounts receivable 11,49813,512 Interest Cash Short-term notes 1,684 1,651 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 29,090 35,254 72,792 77,640 6,2756,670 20,441 21,872 2,0292,324 For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow...
Use the following information for Taco Swell, Inc., (assume the tax rate is 23 percent): 2017...
Use the following information for Taco Swell, Inc., (assume the tax rate is 23 percent): 2017 2018 Sales $26,049 $ 19,338 Depreciation 2,566 2,674 Cost of goods sold 6,640 6,921 Other expenses 1,476 1,273 Interest 1,205 1,420 Cash 8,771 9,817 Accounts receivable 11,678 14,052 Short-term notes 1,864 1,831 payable Long-term debt 29,630 35,704 Net fixed assets 73,206 78,160 Accounts payable 6,383 7,210 Inventory 20,747 22,052 Dividends 2,929 2,504 For 2018, calculate the cash flow from assets, cash flow to creditors,...
Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent): 2014...
Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent): 2014 2015 Sales Depreciation Cost of goods sold Other expenses interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends $19,573 $17.736 1,821 1896 4,779 4,867 904 1,026 875 1.006 6,307 6,946 8,200 9,907 1,307 20,800 25,036 51,240 58,030 4,640 5,124 14,555 15,448 1,750 1,778 1,330 For 2015, calculate the cash flow from assets, cash flow to creditors, and...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 $ 16,073 1,751 4,429 991 840 6,202 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2018 $ 15,636 1.826 4,797 869 971 6,736 9,697 1,237 24,861 54,543 4,914 15,378 1,708 1,260 20,590 51,086 4,528 14,436 1,400 Prepare a balance sheet for this company for 2017 and 2018. (Do...
Use the following information for Taco Swe Inc., (assume the tax rate is 21 percent) 2017...
Use the following information for Taco Swe Inc., (assume the tax rate is 21 percent) 2017 2018 16,073 $15,636 1,826 Sales Depreciation Cost of goods sold 4,429 4,797 Other expenses Interest Cash Accounts receivable 8,1309,697 Short-term notes 1,751 991 840 6,202 869 971 6,736 1,260 1,237 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 20,590 24,861 51,086 54,543 4,914 14,436 15,378 1,708 4,528 1,400 Prepare a balance sheet for this company for 2017 and 2018. (Do not round...
Use the following information for Clarington Inc., (assume the tax rate is 34 percent): 2014...
Use the following information for Clarington Inc., (assume the tax rate is 34 percent): 2014 2015 Sales $ 11,573 $ 12,936 Depreciation 1,661 1,736 Cost of goods sold 3,979 4,707 Other expenses 946 824 Interest 776 926 Cash 6,067 6,466 Accounts receivable 8,034 9,427 Short-term notes payable 1,171 1,147 Long-term debt 20,320 24,696 Net fixed assets 50,888 54,273 Accounts payable 4,384 4,644 Inventory 14,283 15,288 Dividends 1,411 1,618 For 2015, calculate the cash flow from assets, cash flow to...
Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. Sales Depreciation...
Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2018 2019 $ 18,549 $ 18,888 2,416 2,524 5,890 6,771 1,371 1,198 1.130 1.345 8,696 9,367 11,528 13,602 1,714 1,681 29,180 35,329 72.861 77.730 6,293 6,760 20,492 21,902 2,1792,354 For 2019, calculate the cash flow from assets, cash flow to creditors, and...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent) 2017 2018 $17,049 $ 18,798 2,386 2,494 Sales Depreciation Cost of goods sold 5,740 6,741 Other expenses Interest Cash Accounts receivable 11,498 13,512 Short-term notes 1,350 1183 1,115 1,330 8,681 9,277 ook rint 1,684 1,651 payable ences Long-term debt Net fixed assets Accounts payable Inventory Dividends 29,090 35,254 72,792 77,640 6,670 20,441 21,872 2,029 2,324 6,275 For 2018, calculate the cash flow from assets, cash...
Use the following Information for Taco Swell, Inc, (assume the tax rate is 21 percent 2017 2018 17049 $ 18,798 2,386 2,494 Sales Depreciation Cost of goods sold5,740 6,741 Other expenses50 1183 Interest Cash Accounts receivable 11,498 13,512 Short-term notes 5 1,330 8,681 9,277 1,684 1,651 29,090 35,254 payable Long-term debt Net fixed assets 72,792 77640 Accounts payable6,2756,670 Inventory Dividends 20,441 21,872 2,029 2,324 For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow to...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent) 2017 2018 $17,049 $ 18,798 Sales Depreciation 2,386 2,494 5,740 6,741 Cost of goods sold Other expenses 1,350 1,183 1,115 1,330 8,681 9,277 Accounts receivable 11,49813,512 Interest Cash Short-term notes 1,684 1,651 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 29,090 35,254 72,792 77,640 6,2756,670 20,441 21,872 2,0292,324 For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow...
Use the following information for Taco Swell, Inc., (assume the tax rate is 23 percent): 2017 2018 Sales $26,049 $ 19,338 Depreciation 2,566 2,674 Cost of goods sold 6,640 6,921 Other expenses 1,476 1,273 Interest 1,205 1,420 Cash 8,771 9,817 Accounts receivable 11,678 14,052 Short-term notes 1,864 1,831 payable Long-term debt 29,630 35,704 Net fixed assets 73,206 78,160 Accounts payable 6,383 7,210 Inventory 20,747 22,052 Dividends 2,929 2,504 For 2018, calculate the cash flow from assets, cash flow to creditors,...
Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent): 2014 2015 Sales Depreciation Cost of goods sold Other expenses interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends $19,573 $17.736 1,821 1896 4,779 4,867 904 1,026 875 1.006 6,307 6,946 8,200 9,907 1,307 20,800 25,036 51,240 58,030 4,640 5,124 14,555 15,448 1,750 1,778 1,330 For 2015, calculate the cash flow from assets, cash flow to creditors, and...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 $ 16,073 1,751 4,429 991 840 6,202 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2018 $ 15,636 1.826 4,797 869 971 6,736 9,697 1,237 24,861 54,543 4,914 15,378 1,708 1,260 20,590 51,086 4,528 14,436 1,400 Prepare a balance sheet for this company for 2017 and 2018. (Do...
Use the following information for Taco Swe Inc., (assume the tax rate is 21 percent) 2017 2018 16,073 $15,636 1,826 Sales Depreciation Cost of goods sold 4,429 4,797 Other expenses Interest Cash Accounts receivable 8,1309,697 Short-term notes 1,751 991 840 6,202 869 971 6,736 1,260 1,237 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 20,590 24,861 51,086 54,543 4,914 14,436 15,378 1,708 4,528 1,400 Prepare a balance sheet for this company for 2017 and 2018. (Do not round...
Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2018 2019 $ 18,549 $ 18,888 2,416 2,524 5,890 6,771 1,371 1,198 1.130 1.345 8,696 9,367 11,528 13,602 1,714 1,681 29,180 35,329 72.861 77.730 6,293 6,760 20,492 21,902 2,1792,354 For 2019, calculate the cash flow from assets, cash flow to creditors, and...
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