During the past year, a company had cash flow to stockholders, an operating cash flow, and net capital spending of $15,141, $35,288, and $14,740, respectively. The net working capital at the beginning of the year was $6,039 and it was $7,130 at the end of the year. What was the company's cash flow to creditors during the year
Q: BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Blue Course Black Course…
A: In this question, We will Calculate the operating income percentage for each of the courses .…
Q: Muscat company purchased office supplies costing OMR2,000 and debited Office Supplies for the full…
A: Adjusting entries are prepared by management to ensure the accrual basis accounting system. It is…
Q: Why is preparation of the government-wide statements considered to be "challenging"?
A: Government accounting seems to be a systematic technique for gathering, categorizing, documenting,…
Q: The City of Wolfe issues its financial statements for Year 4 (assume that the city uses a calendar…
A: Government financial statements are the summaries shows assets and liabilities, equities and cash…
Q: HET purchased 80% of the 10,000 outstanding shares LNET had on Jan. 1, 2019 for $300,000 cash. On…
A: In this question, We will find total acquisition differential on January .1, 2019.
Q: D&R Corp. has annual revenues of $262,000, an average contribution margin ratio of 33%, and fixed…
A: Operating income is a measure that shows how much of a company's revenue is transformed into…
Q: The following selected transactions were completed by Air Systems Company during January of the…
A: Journal is the book of original entry in which all the transactions of the business are recorded…
Q: Unit Units Cost Total Cost June 1 Inventory 260 $6 $1,560 12 Purchase 450 3,150 23 Purchase 330 8…
A: Number of units sold = Beginning inventory + Purchases - Ending inventory…
Q: Required: 1. Calculate the company's break-even point in unit sales. 2. Calculate the company's…
A: Breakeven point: Breakeven point is the point at which the company makes no profit nor loss or it is…
Q: Your Company makes a single product. Only one kind of direct material is used to make this product.…
A: Material Price Variance = (Standard Price - Actual Price) x Actual Quantity
Q: Balance Est. Percentage Uncollectible Age Interval Not due $63,000 2% 1-30 days past due 7,100 5%…
A: Lets understand the basics. Entity generally calculates the estimated uncollectible amount to make a…
Q: total assessed property value in Mountain View is $74,200,000. As the tax assessor, you have been…
A: As per our protocol we provide solution to the first three sub-parts but as you have asked multiple…
Q: Oct. 1- Mr. Leo Cruz invested P80, 000 cash and five automobiles worth P200, 000 each. Notes payable…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: 1. The person in charge of the finances of the company MGT, S.A. wants to know the company's…
A: Comment-We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: A common disadvantage of a sole proprietorship is a) that the owner must share profits with others.…
A: A Sole Proprietorship: It is a type of enterprise that is owned and run by one person and no legal…
Q: Allowing only the treasurer to sign checks is an example of O segregation of duties. O establishment…
A: Establishment of Responsibility: The delegation of responsibility to particular personnel is a…
Q: April Issued 5,000 share of Common Stock, $2 par for $17 per share. Record the journal entry.
A: Lets understand the basics. Journal entry is required to make to record financial event or…
Q: Q. How many employees if sales per employee are $6,500?
A: COGS = $3,90,000 Gross Margin = 60% Gross Margin = Sales - COGS 60% = Sales -$3,90,000 Sales =…
Q: ABCD CORPO is determined to report earnings per share of ₱2.30. It therefore acquires the TECH…
A: ABCD CORP TECH CORP Merged Firm Earnings per share ₱2.00 ₱3.00 ₱2.30 Price per share ₱30 ₱15…
Q: poods are to be insured at 110% CIP value. Total invoice value for the goods is US $26.000.00 The…
A: CIP is Carriage and Insurance Paid. In this type the seller is…
Q: Required : i Rewrite the trial balance, entering the difference if any to a suspense account a…
A: Ryan Hinds have prepared the trial balance for the year ended 31st Dec 2001. The trial balance is…
Q: How does the Single Audit Act work?
A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…
Q: What will be the value of the general receivables provision? £ 906 What will be the irrecoverable…
A: Balance at receivable in account at the year end £ 54,500 Special Provision of 9200…
Q: Using the following information: a. The bank statement balance is $3,351. b. The cash account…
A: Bank reconciliation is the method of validating all cash account balances in an entity's accounting…
Q: Create a Statement of Cash Flows using the information provided.
A: The cash flow statement is the statement that depicts the inflows and outflow of cash and cash…
Q: Folsom Advertising, Inc. is considering an investment in a new information system. The newsystem…
A: The Payback Period indicates how long it would take a company to repay investment. This form of…
Q: Assume that in the first step of the reorganization, Auto Corp. will exchange $6,190,273 worth of…
A: When one company acquires another company the acquiring company is a parent and another is a…
Q: *Rooney uses flexible budgets for performance evaluation. Required a. Prepare a responsibility…
A: The responsibility performance report is the budget which shows the comparison between the budgeted…
Q: Using the following information: a. The bank statement balance is $4,690. b. The cash account…
A: Bank reconciliation reconcile the bank balance with book balance as per financial records.
Q: Question 1 To keep the equipment in top shape, Simple Company hired multiple maintenance engineers.…
A: The high-low method is used to differentiate the mixed cost. The mixed cost is the combination of…
Q: Lone Star Company received a 90-day, 6% note for $80,000, dated March 12 from a customer on account.…
A: A journal entry is used to record any business transaction in the accounting records of a…
Q: PROBLEM 3 RETAINED EARNINGS STATEMENT 16 of 20 Presented below are some of the account balances and…
A: The statement on retained earnings reflects the change in the income portion of the company due to…
Q: The income statement debit column of the worksheet showed the following expenses: Supplies Expense…
A: Solution A journal is a company's official book in which all the transaction which is related for…
Q: Option 4: A 8-year, $3,750,000 bond; 6.25% stated interest rate, payable quarterly, issued to yield…
A:
Q: Partner Walton receives a distribution of partnership property that is in complete liquidation of…
A: In liquidation of partnership we sale the assets of the business and…
Q: Babak Industries is a division of a major corporation. Last year the division had total sales of…
A: Formula: Division Turnover = ( Sales revenue / Average operating Assets ) x 100
Q: ABC Company started its business operations on November 2, 2021. The following were the transactions…
A: Ending Owner's capital balance = Investment made by the Owner + Net income where, Net income =…
Q: Management of Great Springs Bottled Water Company has asked you, the controller, to develop a…
A: In this question, we will make Income statement of Great Springs Bottled Water and find out the…
Q: The following items appeared on the 2021 financial records of ABC Company: Service Income P600,000…
A: STATEMENT OF NET INCOME PARTICULARS AMOUNT SERVICE INCOME 600000 COMMISSION 80000…
Q: Rozar Ltd (RL) specialises in the manufacturer of luxury furniture for the gaming market. It is…
A: In Marginal Costing we calculate contributionmargin by deducting variable costs from sales.…
Q: Land and buildings: Cost (including ¢60m land). ¢380000 Accumulated depreciation at 1/1/2020…
A: Cost of asset: Cost of asset is the value at which a company acquires an asset. It also encompasses…
Q: SydMel Ltd commences operations on 1 July 2020. One year later, on 30 June 2021, the entity prepares…
A: The calculation of the deferred tax while taking consider the accounting profit with the adjustment…
Q: temzed deductions are an add back for AMT purposes O True False
A: Itemized deductions refer to the sum value of money paid for state and local income or sales taxes,…
Q: On March 1, 2021, Brown-Ferring Corporation issued $100.0 million of 15% bonds, dated January 1,…
A: Accrued Interest- In accounting, accrued interest refers to the sum of interest that has been…
Q: Activity 2: Direction: Use given the ratio compute the Financial Ratio Analysis. The comparative…
A: h.) Debt Ratio = Debt / total fund : Debt = There is no Debt in the company so no ratio of debt in…
Q: Auditing Sales/Revenue Transactions When an auditor needs to obtain an understanding of the overall…
A: Management Assertions: For financial records and disclosures to be accurate and suitable, assertions…
Q: ABC Company, a computer repair shop provided the following information at the end of its first month…
A: Statement of profit or loss depicts the profit earned or loss incurred during the designated period…
Q: Ambient Inc. produces aluminum cans. Each can has a standard labor requirement of 0.03hour. During…
A: A variance refers to the difference of budgeted and expected figures of revenues or expenses.
Q: Compute for EOQ for Company with Annual Usage of 32,000 units in 360 working days, Ordering cost of…
A:
Q: tax return preparer for The Fernando Rodriguez Tax & Accounting Service, you have been asked to…
A: The federal government or taxing authority levies taxes on the different entities is known as…
During the past year, a company had
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Rissy Inc. had the following components of working capital last year: Accounts receivable (start: $23,000 & end: $23,000); Inventory (start: $18,000 & end: $17,000); Accounts Payable (start: $11,000 & end: $13,000). What was the change in net working capital during the year?A debt-free firm has profit for the year of $128 400, taxes of $46 200 and depreciation of $21 300. What is the operating cash flow?During the past year, a company had cash flow to creditors, an operating cash flow, and net capital spending of $30,591, $69,573, and $30,460, respectively. The net working capital at the beginning of the year was $12,352 and it was $14,650 at the end of the year. What was the company's cash flow to stockholders during the year? Options $8,522 $2,298 $4,478 $6,224 $10,820
- Assuming a company has net income for the year, the end of year dollar balance in the "Total Stockholders' Equity" column of the statement of stockholders' equity should exactly match which of the following: Select one: a. The total cash balance on the balance sheet b. The total paid-in capital balance on the balance sheet c. The total liabilities balance on the balance sheet d. the total stockholders' equity balance on the balance sheet e. The total assets balance on the balance sheet f. The net income amount on the income statementAnalysis reveals that a company had a net increase in cash of $21,540 for the current year. Net cash provided by operating activities was $19,400; net cash used in investing activities was $10,700 and net cash provided by financing activities was $12,840. If the year-end cash balance is $26,100, the beginning cash balance was: $47,640. $16,980. $4,560. $42,080. $43,080.Tibbs Inc. had the following data for the most recent year: Net income = $300; Net operating profit after taxes (NOPAT) = $480; Total assets = $2,500; Short-term investments = $200; Stockholders' equity = $1,800; Total debt = $700; and Total operating capital = $2,300. What was its return on invested capital (ROIC)?
- Tibbs Inc. had the following data for the year ending 12/31/12: Net income = $400; Net operating profit after taxes (NOPAT) = $450; Total assets = $2,600; Short-term investments = $200; Stockholders' equity = $1,600; Total debt = $1,000; and Total operating capital = $2,200. What was its return on invested capital (ROIC)? Group of answer choices 14.32% 22.50% 16.36% 20.45% 18.41%At the beginning of the current fiscal year, the balance sheet for Davis Co. showed liabilities of $640,000. During the year liabilities decreased by $36,000, assets increased by $130,000, and paid-in capital increased from $60,000 to $384,000. Dividends declared and paid during the year were $50,000. At the end of the year, stockholders' equity totaled $858,000. Calculate net income (or loss) for the year.Disturbed, Incorporated, had the following operating results for the past year: sales = $22,563; depreciation = $1,360; interest expense = $1,096; costs = $16,515. The tax rate for the year was 23 percent. What was the company's operating cash flow?
- At the beginning of the current fiscal year, the balance sheet for Davis Company showed liabilities of $288,000. During the year, labilmes decreased by $16,200, assets increased by $58,500, and paid-in capital increased from $27,000 to $172,800 Dividends declared and paid during the year were $22,500. At the end of the year, stockholders' equity totaled $386,100 Required: a. Calculate net income (or loss) for the year. Indicate the financial statement effect Complete this question by entering your answers in the tabs below. Required A1 Required A2 Calculate net income (or loss) for the year. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Beginning $599,000 Changes 58.500 Changes Ending S657,900 Stockholders' Equity Liabilities $ 280,000+ (16,200) RE 284,400 48.600 Not loss 22.500 [Dividends $271,800+ $ 172.800 $ 213,300 ($386,100 total SE) PIC $ 27,000+$ 145.800+Tibbs Inc. had the following data for the most recent year: Net income = $300; Net operating profit after taxes (NOPAT) = $460; Total assets = $2,500; Short-term investments = $200; Stockholders' equity = $1,800; Total debt = $700; and Total operating capital = $2,300. What was its return on invested capital (ROIC)? Select the correct answer. a. 19.40% b. 20.00% c. 20.30% d. 20.60% e. 19.70%the income statement for Stretch-Tape Corporation reports net sales of $439,900 and net income of $54,780. Average total assets for the year are $830,000. Stockholders’ equity at the beginning of the year was $530,000, and $23,000 was paid to stockholders as dividends during the year. There were no other stockholders’ equity transactions that occurred during the year.Required:Calculate the return on assets, profit margin, asset turnover, and return on equity ratios. (Round your answers to 1 decimal place.) Profitability Ratios Return on assets 6.6 % Profit margin 12.5 % Asset turnover times Return on equity %