Balance SheetsDec. 31, 2020Dec. 31, 2021Cash152,400139,500Accounts receivable33,20035,000Inventory200,600175,500Prepaid Expenses22,00025,000Long term Investments300,000420,000Plant, Property andEquipment (net)250,000205,000Accounts payable98.600105,000Short term notes payable62,00040,000Taxes payable35.60013.500Long term liabilities134,000140,000Stockholders Equity628.000701.500 Income statementSales revenue$ 570,000Cost of goods sold300,000Gross profit$270,000Depreciation Expense13,000Other operating costs156,500Loss on sale of plant assets2,000Net Income for the year$ 98,500Required: Calculate the cash flow from operating activities,for the year ended December 31, 2021, using the Indirectmethod.(Note: write your answer as a number only, with No dollarsigns or commas)

When there is changes in working capital When there is increase in current asset and decrease in…

Dec. 31, 2020 Dec. 31, 2021 Cash 152,400 139,500 Accounts receivable 33,200 35,000 Inventory 200,600 175,500 Prepaid Expenses 22,000 25,000 Long term Investments 300,000 420,000 Plant, Property and Equipment (net) 250.000 205,000 Accounts payable 98.600 105,000 Short term notes payable 62,000 40,000 Taxes payable 35.600 13.500 Long term liabilities 134,000 140,000 Stockholders' Equity 628.000 701.500

Dec. 31, 2020 Dec. 31, 2021 Cash 152,400 139,500 Accounts receivable 33,200 35,000 Inventory 200,600 175,500 Prepaid Expenses 22,000 25,000 Long term Investments 300,000 420,000 Plant, Property and Equipment (net) 250.000 205,000 Accounts payable 98.600 105,000 Short term notes payable 62,000 40,000 Taxes payable 35.600 13.500 Long term liabilities 134,000 140,000 Stockholders' Equity 628.000 701.500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the information below to answer questions 3, 4, 5 and 6. 2020 2021       Sales$5,300 $5,900 Depreciation750850COGS24002900Interest180196Cash200500Accts Receivables200400Notes Payable800550Long-term debt15001950Net fixed assets30003500Accounts Payable250400Inventory700900Dividend payout30%30%Tax rate35%30% What is the ROE for 2021?
Use the below information to answer the following questions:     20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30%    A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).
From the following forecast the Balance sheet for the year 2021Balance sheet as of 31/12/2020Liabilities& Equity AmountAssetsAmountEquity33,000 Plant and machinery 10,000Retained earnings 10,000 Land Property20.000Accounts payable 7,000 Accounts receivables 3.000Inventories10.000Cash in hand2000Cash at Bank5.00050,00050,0001. It is expected that the company will make a net income of10% of forecasted sales2. The company will purchase additional 5000 OMR worthmachines by taking an additional loan of 5000 OMR3. Forecasted sales OMR 100,0004. Dividend payout will be 50%5. The following estimates are also given;Accounts payable 10,000Accounts receivable 6,000Inventories 15,000Cash in hand 6.000Cash at bank 1,000
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From the following data, indicate the effect that the changes in the relevant items will have on the working capital:ParticularsJan 1, 2020Dec 31, 2020ParticularsJan 1, 2020Dec 31, 2020 Land4400068000Goodwill1300013000 Debentures2000025000Prepaid Expenses70300 Stock3000028000Bills Payable1500900 Machinery180000180000Bills Receivable30002000 Trade Creditors80005320Mortgaged Loan5000040000 Cash290009000Equity Share Capital100000120000 Long Term Investments100006250Preference Share Capital12000075000 Accrued Expenses350160Trade Debtors1900020000 Short-term Debt32205170 Your answer must indicate the overall and individual effect of changes in relevant items.
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Melissa Jucarez u/22/2021 Corporate finance TRB Of the fallowing see of ccsh flous? Year what 19 the COsh Flows -18.700 1 9,400 10,400 3 6is00
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