Complete for Cash: 2011 $12,000 2012 $16,000 Increase Amount ___A___ %(to nearest hundredth%) ___B___

Complete for Cash: 2011 $12,000 2012 $16,000 Increase Amount _A_ %(to nearest hundredth%) _B_

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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On January 1, 2022, Affable Co. contracted with a contractor to construct a building for P20,000,000. The entity is required to make five payments in 2022 with the last payment scheduled on the date of completion. The building was completed on December 31, 2022. The entity made the following payments during 2022: January 1 P 2,000,000 March 31 4,000,000 June 30 6,100,000 September 30 4,400,000 December 31 3,500,000 20,000,000 The entity had the following debt outstanding on December 31, 2022: 12% 4-year note dated January 1, 8,500,000 2022, with interest compounded quarterly, both principal and interest due December 31, 2025, relating specifically to the building project. Round off future value factors to four (4) decimal places (e.g., 6.6667)
Net Cash Flow -530,000 +S3,000 +54,050 +55,100 +S6,150 +S11,250 +$6,000 +S7,200 +$8,640 EOY 2 8 For the cash flow profile given above, an expression showing the present worth for an interest rate of 5% per year compounded annually is PW - (PIA 5%,- PIG 5%, . P/F 5%, (P/A1 5% _5%, 5)
For the below cash flow, what is the income at the start of 7th year? $50,000 Year: -$20,000 0 -$15,000 $5,000 -$20,000 $25,000 -$10,000 7 15000 I cant tell a O .b O 0 CO 10000 .d O
Free Cash Flows Rhodes Corporation’s financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2020 2019 Sales $ 13,000 $ 11,000 Operating costs excluding depreciation 11,522 9,638 Depreciation and amortization 390 370 Earnings before interest and taxes $ 1,088 $ 992 Less interest 240 200 Pre-tax income $ 848 $ 792 Taxes (25%) 212 198 Net income available to common stockholders $ 636 $ 594 Common dividends $ 205 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 Assets Cash $ 550 $ 500 Short-term investments 120 100 Accounts receivable 2,750 2,500 Inventories 1,750 1,700 Total current assets $ 5,170 $ 4,800 Net plant and equipment 3,650 3,500 Total assets $ 8,820 $ 8,300 Liabilities and Equity Accounts payable $ 1,100 $ 1,000 Accruals 550 500 Notes payable 182 100 Total current liabilities $ 1,832…
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Year Investment $13,000 $10,000 Cash Inflow $1,000 $2,000 $2,500 $4,000 $5,000 $4,000 $5,000 $4,000 $3,000 $2,000 Determine the Payback Period. 1234567899
Subject: accounting
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