Cavendish University farm had cash receipt of K200 000.00 and total cash expenses of K122 000.00 in 2019, the non-cash expenses amount to K18 000.00 and non-cash revenue of K10 000.00. Further, it had K 4 000.00 in depreciation and K2 000.00 was paid for the interest term debt. Calculate the net farm income from operations (a) Given that the University withdraws were K20 000.00 and taxes were K5 000.00. If the farm had K30 000.00 as debt for 2017 and of this K8 000.00 is for annual payment of long term debt and capital leases. (b) Estimates the Net Farm Income from operations. (c) Estimate the net cash available for Cavendish farm in 2014. (d) What is the term debt and capital lease coverage ratio?

Why the amount of $35.3million is not used in the calculation of the carrying amount of financial asset? Epsilon prepares financial statements to 31 March each year. The following event has occurred which are relevant to the year ended 31 March 2018: On 1 April 2017, Epsilon loaned $30 million to another entity. Interest of $1·5 million is payable annually in arrears. An additional final payment of $35·3 million is due on 31 March 2020. Epsilon incurred direct costs of $250,000 in arranging this loan. The annual rate of interest implicit in this arrangement is approximately 10%. Epsilon has no intention of assigning this loan to a third party at any time. Required:Explain and show how the three events should be reported in the financial statements of Epsilon for the year ended 31 March 2018. You should assume that Epsilon only measures financial assets at fair value through profit or loss when required to do so by IFRS 9

The 2021 income statement for Duffy's Pest Control shows that depreciation expense was $203 million, EBIT was $516 million, and the tax rate was 35 percent. At the beginning of the year, the balance of gross fixed assets was $1,586 million and net operating working capital was $423 million. At the end of the year, gross fixed assets was $1,839 million. Duffy's free cash flow for the year was $429 million. Calculate the end-of-year balance for net operating working capital. (Enter your answer in millions of dollars rounded to 1 decimal place.) Net operating working capital million

The annual debt service on a property is $25,000 and the pre-tax cash flow is $50,000. If the mortgage capitalization rate is 8.5% and the overall rate is 10%, what is the indicated value of the property?