PROBLEM F Bohol Company provided the following for the current year: Cash balance, January 1 Decrease in long-term debt Gain on sale of equipment P6,000,000 5,000,000 300,000 Depreciation 1,100,000 Proceeds from investment of owners 4,000,000 Purchase of equipment for cash 5,000,000 Cash withdrawal from owner 2,500,000 Net income 7,600,000 Proceeds from sale of equipment 2,000,000 Increase (decrease) in working capital accounts: Accounts Receivable (2,000,000) Inventory Trade accounts and notes payable Income tax payable 2,500,000 3,800,000 (1,500,000)
Q: Gamebred Corp. provides the following information at year-end; Cash 300,000 Accounts Receivable…
A: Current assets: Current assets are all those assets that are expected to be sold or used as a result…
Q: ndel Company disciosed the foOllowing inr Its recent calendar year. Selected Year-End Balance Sheet…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: The income statement disclosed the following items for the year: Depreciation expense $53,200 Gain…
A: The cash flow statement is an essential part of the financial statements of the organization. It is…
Q: Superior Contractors Pty. Ltd. - Cash Flow Statement ($AUD x 1000) 30-Jun-20 30-Jun-19 Fiscal Year…
A: Year Cash Flow 30-Jun-18 1342 30-Jun-19 1135 30-Jun-20 3768
Q: II. The following changes in the statement of financial position accounts of BC were gathered for…
A:
Q: Cash Flows from Operating Activities—Indirect Method The income statement disclosed the following…
A: The cash flow statement is part of the financial statements of the company. It is prepared at the…
Q: The following information is available for Stamos Corporation for the year ended December 31, 2020…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: Madisen company reported net income for year 4 of $200,000 the company reported depreciation expense…
A: Statement of Cash Flows: Statement of Cash Flow is one of the main four financial statements,…
Q: The income statement disclosed the following items for the year: Depreciation expense…
A: Introduction: Statement of cash flows: All cash in and out flows are recorded in statement of cash…
Q: UJ Corp. reported net income for the year of $380,000. What is the net cash flows from operating…
A: working: particular amount Cash flows from operating activities will be : Net Income…
Q: Net Cash Flow From Operating Activities Verna Company's records provided the following information…
A: Introduction: Statement of cash flows: All cash in and out transactions are recorded in statement of…
Q: Marigold Corporation reported net income of $49,400 in 2020. Depreciation expense was $16,700. The…
A: Cash from operating activities means the amount of cash flows from the routine business activities.
Q: The income statement disclosed the following items for the current year: Depreciation expense…
A: Cash flow statement provided information about the cash inflows and cash outflows of the company.…
Q: Sunland Company had net income of $854400 for the year ending 12/31/2022. Depreciation expense for…
A: Net Income = $854400 Depreciation expense = $105600 Increase in accounts receivable = $57600…
Q: Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow:…
A: Formulas: Daily cash operating expenses = (Operating expenses - depreciation)/365 Days cash on…
Q: Triton Corp reported net income of $207,200, including depreciation expense of $63,000. The company…
A: Cash flow statement means the statement which shows the cash flow in or out of business enterprises…
Q: Randy's Cooking School has accrual basis net income of $189,000 and the following related items:…
A: Cash flow statement: It is one of the financial statements prepared at the end of a particular…
Q: Oak Ltd has operating profit for the year ended 30 June 2021 of £20,900, after charging depreciation…
A: Items which are added back to [or subtracted from, as appropriate] the net income figure (which is…
Q: In preparing a company's statement of cash flows for the year just ended, the following Information…
A: Cash flow from financing activities is the cash inflows and cash outflows for raising funds and…
Q: A Co made a profit for the year of $18,750, after accounting for depreciation of $1,250. During the…
A: Increase in cash and bank balance can be computed using cash flow statement.
Q: During the year, Hayashi, Inc. sold equipment with a book value of $125,000 for $175,000 (original…
A: Purchase of Plant and equipment = Ending balance of Plant and equipment + Purchase cost of Plant and…
Q: Novak Corp.'s net income for the current year was $622000. Depreciation recorded on plant assets was…
A:
Q: The accounting records of Harrison Company provided the data below. Net loss $ 10,300…
A: Net cash flow from operating activities is that activity that states the sources and uses of cash by…
Q: Guardian Angel Company reported the following for its most recent fiscal year: Net income, -…
A: Cash flow statements: It is a statement that provides information about the outflow or inflow of…
Q: Alberto Co. reported the following for its most recent fiscal year: Net income, - $200,000;…
A: The cash flow statement is an essential part of the financial statements of the organization. It is…
Q: ABC company has current year net income $430,000. The total depreciation expenses for the following…
A: The operating activities section of the cash flow statement shows the cash outflows and the cash…
Q: Depreciation expense $40,700 Gain on disposal of equipment 23,760 Net income 254,700 The changes in…
A: Answer a) Cash Flow Statement (Indirect Method) Cash Flow from (used for) Operating…
Q: Financial Ratios for Assessing Liquidity Comparative financial statements for Weller Corporation, a…
A: Liquidity Ratios: These ratios give us an idea of the liquidity of the company. Working Capital the…
Q: The income statement disclosed the following items for the year: Depreciation expense $57,400 Gain…
A: Cash flow statement under indirect method from operating activities is calculated by Taking net…
Q: UJ Corp. reported net income for the year of $380,000. What is the net cash flows from operating…
A: In Cash Flow Statement, We Segregate Cash Flow under three categories. That is, Cash Flow from…
Q: The Flores Company reported Net Income of $40,000 for the current year. During the year, Account…
A: Net cash flow provided by operating activities refers to the cash flow generated by the business…
Q: The following information relates to the Maxwell Company for 2020: Gain on sale of land $800 Bond…
A: Cash flow from operating activities consists of cash inflows and cash outflows from day to day…
Q: UJ Corp. reported net income for the year of $115,000. What is the net cash flows from operating…
A: The cash flows from operating activities include the cash transactions from regular business…
Q: Prepare Cash flows from Operating Activities > Increase in accounts receivable P 300,000 > Decrease…
A: Introduction: Statement of cash flows: All cash in and outflows are shown in Statement of cash…
Q: Exercise #1 During the last 2 years of operations, Harrison Company had the following transactions:…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: If a company reported net income for the year of $180,000, cash from operating activities of…
A: Hi student Since there are multiple questions, we will answer only first question. If you want…
Q: rrent asset and liability accounts for the year are as follows: Increase (Decrease) Accounts…
A: Cash Flows from Operating Activities Net Income $542,000 Adjustment to reconcile net…
Q: Pronghorn Inc. Cash Flow Statement For the Year Ended on 31 December 2020 Cash Flow from Operating…
A: Statement of cash flows: It is a financial statement that shows the increase or decrease in the cash…
Q: Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow:…
A: Days’ Cash on hand shows no. of days for which company can pay for its operating expenses with its…
Q: The income statement disclosed the following items for the year: Depreciation expense…
A: Following is the cash flow statement from operating activities section by using indirect method:
Q: Has Oro Company purchased an equipment worth P350,000, of which P60,000 was paid in cash, and the…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 6. Crystal Béll Company generated $48,900 in net income during the year. Included in this number are…
A: Cash flow statement is the part of financial statement which shows the net increase/decrease in cash…
Q: Net cash flows from investing activities for the year were
A: Cash flow statement of a company includes 3 sections these are Operating section, Investing section…
Q: Operating expenses other than depreciation for the year were $301,000. Accrued expenses decreased by…
A: Solution: Cash payments for operating expense = Operating expenses other than depreciation +…
Q: Marvin Inc. had net income of $195,000 in 2020. Depreciation expense for the year is $50,000. During…
A: Cash flows from operating activities shows all cash inflows and cash outflows related to operations…
The net cash flow from investing activities amounted to PBlank 1.
Step by step
Solved in 2 steps
- Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectivelyCategory Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,571.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,035.00 Interest expense 40,500 42,155.00 Inventories 279,000 288,000 Long-term debt 339,577.00 401,377.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,171.00 Retained earnings 306,000 342,000 Sales 639,000 849,094.00 Taxes 24,750 47,192.00 What is the current year's entry for long-term debt on a common-sized balance sheet? (ROUND TO 4 DECIMAL PLACES.)Cash conversion cycle: Company X reported the following information for the last fiscalyear. COMPANY X Assets As of Liabilities and Equity 12/31/2021 Inventories USD 200 000 Accounts Receivable 180 000 Borrowings USD 190 000 Cash and financial assets 25 000 Accounts payable and 200 000 available for sale accruals Other current assets 18 000 Total current assets USD 423 000 Total current liabilities USD 390 000 Fixed Assets 500 000 Long-term debt 150 000 Equity 383 000 Total Assets USD 923 000 Total Liabilities & USD 923 000 Equities Net sales (credit) USD 800 000 Cost of goods sold 380 000 a. Calculate the firm’s cash conversion cycle and operating cycles b. What is the financing strategy of Company X? Aggressive or conservative? Is the strategyalready proper enough for the company? Please give your recommendation for them!
- Category. Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 429,735.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,152.00 Interest expense 40,500 42,662.00 Inventories 279,000 288,000 Long-term debt 339,349.00 400,985.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,641.00 Retained earnings 306,000 342,000 Sales 639,000 848,846.00 Тахes 24,750 47,931.00Given the following Year 9 selected balance sheet data: Assets Cash on Hand Total Current Assets Total Fixed Asset Investments Total Assets Liabilities and Shareholder Equity Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Loans $116,000 235,000 230,000 $465,000 $ 56,000 0 0 17,000 Total Current Liabilities 73,000 Long-Term Bank Loans 46,000 Total Liabilities 119,000 Year 8 Year 9 Shareholder Equity: Balance Change Common Stock (at a par value of $0.50 per share 10,050 0 10,050 Additional Capital 81,500 0 81,500 Retained Earnings Total Shareholder Equity Total Liabilities and Shareholder Equity 162,450 92,000 254,450 254,000 +92,000 346,000 $465,000 Based on the above figures and the definition of the debt:equity percentages (or debt%:equity%) presented in the Help section for p. 5 of the Camera and Drone Journal, the company's debt:equity percentages (rounded to the nearest whole percentage--like 25% and 75%) and its current ratio areGiven the following Year 9 selected balance sheet data: Assets Cash on Hand $136,000 255,000 230,000 $485,000 Total Current Assets Total Fixed Asset Investments Total Assets Liabilities and Shareholder Equity Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Loans Total Current Liabilities $ 66,000 10,000 17,000 93,000 46,000 139,000 Long-Term Bank Loans Total Liabilities Year 8 Year 9 Shareholder Equity: Balance Change Common Stock (at a par value of $0.50 per share Additional Capital Retained Earnings Total Shareholder Equity Total Liabilities and Shareholder Equity 10,050 81,500 162,450 254,000 10,050 81,500 254,450 346,000 $485,000 92,000 +92,000 Based on the above figures and the definition of the debt:equity percentages (or debt%:equity%) presented in the Help section for p. 5 of the Camera and Drone Journal, the company's debt:equity percentages (rounded to 2 decimal places) and its current ratio are: Copyright © by Glo-Bus Software,…
- A CasIT TIOW Duuge [vl section refers to inflows and outflows from the purchase/sale of non-current assets. The [z] section includes inflows and Butiows ITU STIUIT UI TOng lem borro Question 7 Annual Operating Loan Quarter 1 Quarter 2 Beginning Cash Balance 3,000 [5] + Net Cash Flow -13,530 + Operating Loan Borrowing [1] Operating Loan Payment [2] = Ending Cash Balance [3] 2,500 Beginning Operating Loan Balance 25,000 Ending Operating Loan Balance [4] Required Minimum Account Balance: $2,500 Do not include commas or dollar signs here to search End F10 PrtScn DII Home F9 F2 F3 F4 F5 F6 F7 F8 &Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Retained earnings, January 1 $3,704,000 $3,264,000 Net income $ 600,000 $ 550,000 Dividends: On preferred stock (10,000) (10,000) On common stock (100,000) (100,000) Increase in retained earnings $ 490,000 $ 440,000 Retained earnings, December 31 $4,194,000 $3,704,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Υ1 Sales $ 10,850,000 $10,000,000 Cost of goods sold (6,000,000) (5,450,000) $ 4,850,000 $ (2,170,000) Gross profit $ 4,550,000 Selling expenses $ (2,000,000) Administrative expenses (1,627,500) (1,500,000) Total operating expenses $(3,797,500) $ (3,500,000) Operating income $ 1,052,500 $ 1,050,000 Other revenue and expense:…The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2022 are projected to grow by 20 percent. Interest expense will remain constant, the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Sales Costs Other expenses Earnings before interest and taxes Interest expense Taxable income Taxes (24%) CROSBY, INCORPORATED 2021 Income Statement Net income Dividends Addition to retained earnings Current assets Cash Accounts receivable Inventory $31,335 69,745 $ 20,640 43,580 91,960 $747,000 582,000 18,000 FA $147,000 14,000 $ 133,000 31,920 $ 101,080 CROSBY, INCORPORATED Balance Sheet as of December 31, 2021 Assets Seved Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total $ 54,800 14,000 $ 68,800 MA000
- The following details are provided by a manufacturing company: Investment Useful life Estimated annual net cash inflows for first year Estimated annual net cash inflows for second year Estimated annual net cash inflows for next ten years Residual value Product line OA. 2.74 years OB. 6.36 years O c. 6.71 years OD. 2.24 years $1,030,000 12 years $460,000 $430,000 $190,000 $50,000 Depreciation method Straight-line 12% Required rate of return Calculate the payback period for the investment. (Round your answer to two decimal places.) ...The following details are provided by a manufacturing company: Investment Useful life Estimated annual net cash inflows for first year Estimated annual net cash inflows for second year Estimated annual net cash inflows for next ten years Residual value Product line OA. 3.95 years OB. 2.71 years OC. 2.6 years O D. 4.36 years $1,090,000 12 years $420,000 $450,000 $310,000 $90,000 Straight-line Depreciation method Required rate of return 15% Calculate the payback period for the investment. (Round your answer to two decimal placesCategory Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,139.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,349.00 Interest expense 40,500 41,741.00 Inventories 279,000 288,000 Long-term debt 337,728.00 398,725.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,280.00 Retained earnings 306,000 342,000 Sales 639,000 847,106.00 Taxes 24,750 48,618.00 What is the current year's return on assets (ROA)? (Round to 4 decimal places.)