2. Using the indirect method of cash flow statement, what is the net cash provided by investing actiivities for the year 2020? * O A) Cash inflows of $91o B) Cash outflows of $910 O C) Cash inflows of $990
Q: For the cash flows shown, calculate the future worth in year 13 using i= 8% per year. 2 200 Year 4…
A: INTRODUCTION Technique of calculating the future worth of a cash flow is known as compounding.…
Q: operating activities section of the statement of cash flows
A: Operating activities include the activities done during the performance of business.
Q: Q2: Given the cash flow below, use Descarte's Rule and Norstrom's Criteria to check for the number…
A: Descrate’s rule state that the total number of i* is always less than or equal to the number of sign…
Q: For the cash flows shown, calculate the future worth in year 13 using i= 9% per year. Year 2 3 4 5 6…
A: Interest rate = 9% Period = 13 Years
Q: Given the cash flow below, select the standard notations that used to find the present worth i- 996…
A: For the given cash flow diagram the present worth is given as ,
Q: Prepare the statement of cash flows for the year ended 31 December 2020, using the indirect method.
A: The cash flow statement can be defined as one of the most important form of financial statement. It…
Q: Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020.
A: The cash flow statement would show the change in cash during operating, investing and financing…
Q: Find the present worth in year O for the cash flows shown. Let -13% per year. 8 Year 50 70 90 110…
A: The current value of the cash flow or stream of cash flow after discounting is termed as the present…
Q: 3, Using the indirect method of cash flow statement, what is the net cash provided by financing…
A: Cash flows of the business can be cash inflows or cash outflows. Cash inflows mean incoming of cash…
Q: Compute the present value for the cash flow diagram shown below if i=6%, compounded annually. $500…
A: Year Cash Flow 1 300.00 2 300.00 3 300.00 4 100.00 5 200.00 6 300.00 7 400.00 8…
Q: What is the IRR of the following set of cash flows? Year Cash Flow 0 –$9,531 1 4,200 2 5,500 3 4,400
A: Year Cash flow 0 -9531 1 4200 2 5500 3 4400
Q: How much net cash did the entity receive (give) with regards to the premium transactions for the…
A: The promotional program refers to the compiled series of programs that are essentially applied for…
Q: 3. Using the indirect method of cash flow statement, what is the net cash provided by financing…
A: 3. Calculate the amount of dividends of for the year 2020 (Div2020) by deducting the retained…
Q: $500 $500 $500 $500 Year 2 3 i =12% compunded annually B P=?
A: Let CFn be the cashflow in year n. CF1 = B = - $1200 CF2 = $500 CF3 = $500 CF4 = $500 CF5 = $500 i =…
Q: For the given cash flow if equivalent cash in equals equivalent cash out. Find the value of W, i-12%…
A: Notes: The question states that all equivalent cash inflows equal all equivalent cash outflows.…
Q: What are the equivalent present worth, annual worth, and future worth of the cash flow given in the…
A:
Q: What is the IRR of the following set of cash flows? years cash flow 0 -$11,947 1 $6,100…
A: Year Cash flow 0 -11947 1 6100 2 6700 3 5800
Q: If an investment may be given by the sequence of cash flows Year (n) Cash Flow (C,) -4000 1 1200
A: Internal rate of return or IRR is the rate at which present value of cash inflows is equal to…
Q: Using the indirect method, prepare a statement of cash flow for 2020
A: The cash flow statement is helpful for the stakeholders as they can identify the organization's…
Q: A manufacturer projects the cash flows shown below. Determine the rate of return if the cash flows…
A: Rate of return at which the Present value of future cash flows is 0.
Q: If the cash balance on 31/12/2019 was $ 10000, while on 31/12/2020 the net cash flow from operating…
A: Cash Flow Statement:- It is a statement in which cash inflow or outflow balance from all three…
Q: Prepare a Statement of Cash Flows using the indirect method for the year ended 2020.
A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business…
Q: 1. Use the cash flow diagram to determine the uniform annual amount in years 1 through 8 that is…
A: Uniform annnual amount=(cash flow×i)i=10%Uniform annual rate:=0.10(25×5+50×3)=27.5Hence uniform…
Q: Below is an equation to compute the present value of a cash flow series. Determine the cash flow…
A: The given equation means that the value of the initial investment is $7000. The revenue from the…
Q: 2. Using the summary of the analysis approach, what is the total cash outflows for 2019? * O A)…
A: Cash flows mean cash inflows and cash outflows of the business. Cash inflows mean incoming of cash…
Q: truct a statement of cash flows us
A: A cash flow statement is a statement prepared to know the actual cash inflow or cash outflow during…
Q: Novak Corporation is preparing its 2020 statement of cash flows, using the indirect method.…
A: In Operating Activities : Increase in Current assets is Deducted from net income in the operating…
Q: An investment has the following cash flows. Use the XIRR function to find the IRR. Date Cash Flow…
A: IRR It is utilized as it is helpful in analyzing the profit and which further helps in making a…
Q: a. What are the operating cash flows in years 1 to 3? (Do not round intermediate calculations. Round…
A: Operating Cash Flow: It refers to the cash flows generated by the firm from its normal business…
Q: For the cash flows shown, calculate the future worth in year 13 using i = 12% per year. Year 0 1 2…
A: Future worth is the value of present worth of a cash flow to be received on a future date with a…
Q: · Given the following cash flows, determine the equivalent uniform cash flow at 9% interest. Draw…
A: Interest rate (r) = 9% We need to find the PV of cashflows first.
Q: What is the present value of a stream of cash flows, which has the timeline given below. (After year…
A: Present value of a stream of cash flows = sum of present values of cashflow discounted at 10% PV of…
Q: a) Prepare a statement of cash flows using the direct method for the year ended 31 December 2020.
A: A cash flow statement is the part of the financial statement which is prepared by the company to…
Q: Given the financial data for New Electronic World, Inc. (NEW), compute the following measures of…
A: 1) Operating Cash Flows Particulars P EBIT 30000 Less: Interest expense 3000 EBT 27000…
Q: negative figure.
A: Cash flow is the inflow and outflow of cash and helps in determining the net cash balance with the…
Q: Given the financial data for New Electronic World, Inc. (NEW), compute the following measures of…
A: Free cash flow of a company helps a business organization in understanding and ascertaining the…
Q: . Novak Corporation is preparing its 2020 statement of cash flows, using the indirect method.…
A: Solution The cash flow statement consists of three sections -cash flow from…
Q: What is the IRR of the following set of cash flows? Year Cash Flow 0 - $61,300 1 18,900 2 64,500…
A: Internal rate of return is defined as the financial metric, which are basically used in financial…
Q: 2. Consider the following cash flow for an investment. Year Cash Flow Out Cash flow in -550 1 +300 3…
A: Given: Year Particulars Amount 0 Cash outflow -$550 1 Cash inflow $300 2 Cash inflow $0 3…
Q: Consider the following cash flows: Year Cash Flow 532,000 14,200 17,500 11,600 What is the IRR of…
A: The internal rate of return (IRR) is a capital budgeting metric used to gauge the benefit of…
Q: How much were financing cash flows during 2020 if net income was $87,000? $2,000 O $89,000 O…
A: Financing Cash flows : In a cash flow statement, the cash outflows and cash inflows are…
Q: Find the present worth of the following data at 7%: End of year 1 2 3 Net Cash Flow ($) 100 150 200…
A: Present value is the value of one unit of a currency when discounted at a particular rate.
Q: What is the IRR of the following set of cash flows? Year Cash Flow -$9,063 4,000 4,200 5,300 123
A: Construction of a new plant or undertaking any capital expenditure requires investment in an outside…
Q: If the statement of cash flows shows the following, what is the year-end cash balance? Increase in…
A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…
Q: 4. Partial statement of cash flows From the following information, prepare the cash provided(used)…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: Novak Corporation is preparing its 2020 statement of cash flows, using the indirect method.…
A:
Q: 2. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from financing…
A: This Numerical Has Covered the concept of Financing Activity Under Cash Flow Statement. Financing…
Q: Find the present worth of the following data at /%: End of year 1 2 3 4 Net Cash Flow ($) 100 150…
A: Present worth can be defined as the today's (current) value of the future cash flows being…
Step by step
Solved in 2 steps
- Prepare the income statements and balance sheets for years 2018 and 2019 for Thompson Company using the following information. The balance sheet numbers are at the end of year figures.Item20182019Accounts Payable120.0150.0Accounts Receivable150.0180.0Accumulated Depreciation330.0360.0Cash & Cash Equivalents10.012.0Common Stock150.0200.0Cost of Goods Sold750.0850.0Depreciation25.030.0Interest Expense30.033.0Inventory200.0180.0Long-term Debt150.0150.0Gross Plant & Equipment650.0780.0Retained Earnings208.5225.0Sales1,500.01,700.0SG&A Expenses500.0570.0Notes Payable51.567.0Tax Rate21%21%(2) Answer the following questions:(a) How much did Thompson Company spend in acquiring fixed assets in 2019?(b) How much dividend did Thompson Company pay out during 2019?(c) Using the end of year numbers, did the long-term solvency ratios improve or deteriorate from 2018 to 2019? Answer this question using at least two long-term solvency ratios.(d) Using the end of year numbers, did the asset…****Please type your answer*** 6 The condensed financial statements of Underwood Company for the years 2019 and 2020 are presented as follows. (Amounts in thousands.) UNDERWOOD COMPANYBalance SheetsDecember 31 2020 2019 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 470 400 Inventory 460 390 Prepaid expenses 120 160 Total current assets 1,380 1,310 Investments 10 10 Property, plant, and equipment 420 380 Intangibles and other assets 530 510 Total assets $2,340 $2,210 Current liabilities $900 $790 Long-term liabilities 410 380 Stockholders’ equity—common 1,030 1,040 Total liabilities and stockholders’ equity $2,340 $2,210 UNDERWOOD COMPANYIncome StatementsFor the Years Ended December 31 2020 2019 Sales revenue $3,800 $3,460 Costs and expenses Cost of goods sold 955 890 Selling &…Suppose you collected the following information of ABC corp. from the financial statements published in 2019. Entry Total Current Assets 14050001206000 Current Liabilities Notes Payable Earning before Interest and Taxes Depreciation Capital expenditures Tax rate Select one: @a. 1279990X b. 187578 0c Estimate the Free Cash Flow available for ABC corp. at the end of 2019. 60030 2019 d. 1092412 e 30 2018 602000 571500 476990 457912 97680 159000 -30000 40%
- CASE STUDY INFORMATION: The following information has been extracted from the accounting records of Lubners Limited on 31 December 2020. 2020 2019 Dr Cr Dr Cr Ordinary share capital 1728 000 1728 000 Non-current assets 3 462 964 2910206 inventories 665 856 584 640 Accounts payable Accounts receivable cash Retained earnings ( 1 Jan) Long term Loan 311 328 290 304 832 608 800 064 338 688 362 304 244 276 1 090 944 809 568 932 256 Other Current liabilities 1 057 824 Total Sales (80% credit sales) Cost of sales (80% credit purchases) 4 816 512 4 535 424 2 530 656 2 340 288 Interest income 7776 9 504 taxation 207 009 192 159 Selling and admin expenses 1 141 344 1 069 056 Interest expenses Other expenses 149 161 174 551 263 808 274 752 REQUIRED: QUESTION 1 (25) Compile the Statement of Comprehensive Income for the year ended 31 December 2020. (with 2019 comparative figures) QUESTION 2 (25) Compile the Statement of Financial Position as at 31 December 2020. (with 2019 comparative figures)The condensed financial statements of Evoc Company for the years 2019 and 2020 are presented as follows. Evoc CompanyStatements of Financial PositionDecember 31 2020 2019 Intangibles and other assets € 530 € 510 Property, plant, and equipment 420 380 Investments 10 10 Current assets Prepaid expenses €120 €160 Inventory 430 390 Accounts receivable (net) 470 433 Cash and cash equivalents 330 1,350 360 1,343 Total assets €2,310 €2,243 Equity €1,020 €1,040 Non‐current liabilities 390 393 Current liabilities 900 810 Total equity and liabilities €2,310 €2,243 Evoc CompanyIncome StatementsFor the Years Ended December 31 2020 2019 Sales revenue €4,000 €3,600 Costs and expenses Cost of goods sold 984 895 Selling and administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,394 3,245 Income before income taxes 606…The condensed financial statements of Evoc Company for the years 2019 and 2020 are presented as follows. Evoc CompanyStatements of Financial PositionDecember 31 2020 2019 Intangibles and other assets € 530 € 510 Property, plant, and equipment 420 380 Investments 10 10 Current assets Prepaid expenses €120 €160 Inventory 430 390 Accounts receivable (net) 470 433 Cash and cash equivalents 330 1,350 360 1,343 Total assets €2,310 €2,243 Equity €1,020 €1,040 Non‐current liabilities 390 393 Current liabilities 900 810 Total equity and liabilities €2,310 €2,243 Evoc CompanyIncome StatementsFor the Years Ended December 31 2020 2019 Sales revenue €4,000 €3,600 Costs and expenses Cost of goods sold 984 895 Selling and administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,394 3,245 Income before income taxes 606…
- The condensed financial statements of Evoc Company for the years 2019 and 2020 are presented as follows. Evoc CompanyStatements of Financial PositionDecember 31 2020 2019 Intangibles and other assets € 530 € 510 Property, plant, and equipment 420 380 Investments 10 10 Current assets Prepaid expenses €120 €160 Inventory 430 390 Accounts receivable (net) 470 433 Cash and cash equivalents 330 1,350 360 1,343 Total assets €2,310 €2,243 Equity €1,020 €1,040 Non‐current liabilities 390 393 Current liabilities 900 810 Total equity and liabilities €2,310 €2,243 Evoc CompanyIncome StatementsFor the Years Ended December 31 2020 2019 Sales revenue €4,000 €3,600 Costs and expenses Cost of goods sold 984 895 Selling and administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,394 3,245 Income before income taxes 606…The condensed financial statements of Evoc Company for the years 2019 and 2020 are presented as follows. Evoc CompanyStatements of Financial PositionDecember 31 2020 2019 Intangibles and other assets € 530 € 510 Property, plant, and equipment 420 380 Investments 10 10 Current assets Prepaid expenses €120 €160 Inventory 430 390 Accounts receivable (net) 470 433 Cash and cash equivalents 330 1,350 360 1,343 Total assets €2,310 €2,243 Equity €1,020 €1,040 Non‐current liabilities 390 393 Current liabilities 900 810 Total equity and liabilities €2,310 €2,243 Evoc CompanyIncome StatementsFor the Years Ended December 31 2020 2019 Sales revenue €4,000 €3,600 Costs and expenses Cost of goods sold 984 895 Selling and administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,394 3,245 Income before income taxes 606…CRUZ, INCORPORATED Comparative Balance Sheets 2021 At December 31 Assets 2020 Cash Accounts receivable, net Inventory Prepaid expenses Total current assets $ 75,900 32,600 68, 300 4,200 181,000 $ 18,900 40,100 75,300 3,500 137,800 Furniture Accumulated depreciation-Purniture ৪4, 600 (13,100) $ 252,500 99, 200 (7,500) $ 229,500 Total asseta Liabilities and Equity Accounts payable Wages payable Incone taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity Comnon stock, $5 par value Retained earnings $ 11,900 7,100 1,200 20,200 24,800 45,000 $ 16,900 4,000 2,200 23,100 58,400 81,500 177,300 30,200 $ 252,500 141,500 6,500 $ 229,500 Total liabilities and equity CRUZ, INCORPORATED Incone Statement For Year Ended Decenber 31, 2021 Sales $ 392,900 252,900 140,000 Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Incone before taxes Incone taxes expense 71,600 30, 200 36, 200 13,900 $ 24,300 Net income
- Problem 17-8 (AICPA Adapted) Sandy Company reported the following comparative statement of financial position at year-end: 2020 Assets 150,000 Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Property, plant and equipment Accumulated depreciation 000'07 000'060'I 000'098 000'0 3,620,000 4,300,000 840,000) 720,000) 5,120,000 4,210,000 Liabilities and Equity Accounts payable Salaries payable Income tax payable Accrued interest payable Bonds payable Share capital Retained earnings Treasury shares 400,000 000'0 000'ss 000's 000'009 000'0 000 3,050,000 1,100,000 140,000) 3,050,000 760,000 5,120,000 4,210,00Comparative balance sheets for 2024 and 2023, a statement of income for 2024, and additional information from the accounting records of Red, Incorporated, are provided below: Assets RED, INCORPORATED Comparative Balance Sheets December 31, 2024 and 2023 ($ in millions) Cash Accounts receivable Prepaid insurance Inventory Buildings and equipment Less: Accumulated depreciation 2023 2024 $ 44.1 143.0 $ 164.6 94.0 5.4 298.0 436.0 (144.0) 2.4 172.0 370.0 (259.0) $ 544.0 Liabilities Accounts payable Accrued liabilities Notes payable Bonds payable Shareholders' Equity Common stock Retained earnings $ 782.5 $ 95.0 8.5 $ 106.5 100.0 130.0 15.5 0.0 0.0 400.0 49.0 $ 782.5 $ 544.0 400.0 22.0Rodriquez Corporation’s comparative balance sheets are presented below: RODRIQUEZ CORPORATIONComparative Balance SheetsDecember 31 2020 2019 Cash $16,500 $17,400 Accounts receivable 25,300 22,100 Investments 20,150 15,850 Equipment 59,950 69,850 Accumulated depreciation—equipment (13,850 ) (10,300 ) Total $108,050 $114,900 Accounts payable $14,850 $11,150 Bonds payable 10,600 30,100 Common stock 49,500 45,500 Retained earnings 33,100 28,150 Total $108,050 $114,900 Additional information: 1. Net income was $18,550. Dividends declared and paid were $13,600. 2. Equipment which cost $9,900 and had accumulated depreciation of $1,600 was sold for $3,300. 3. No noncash investing and financing activities occurred during 2020. Prepare a statement of cash flows for 2020 using the…