For the past year, LP Gas, Inc. had cash flow from assets of $38,100 of which $21,500 flowed to the firm's stockholders. The interest paid was $2,300. What is the amount of the net new borrowing? a. -$14,300 b. -$9,700 c. $12,300 d. $14,300 e. $18,900

For the past year, LP Gas, Inc. had cash flow from assets of $38,100 of which $21,500 flowed to the firm's stockholders. The interest paid was $2,300. What is the amount of the net new borrowing? a. -$14,300 b. -$9,700 c. $12,300 d. $14,300 e. $18,900

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

See similar textbooks

Related questions

Q: Need right answer with explanation

A: Explanation of Commercial Paper: Commercial paper is a short-term, unsecured debt instrument issued…

Q: ! Required information [The following information applies to the questions displayed below.] Shahia…

A: The total cost of the building is the purchase price of the building plus the transfer costs related…

Q: need answer please provide with correct option

A: Step 1: The salaries Payable account is decreased which means along with the current year salary…

Q: Financial Accounting

A: Step 1: Identifying Variable and Fixed ComponentsSales:Total Sales = 116,100 units * $123/unit =…

Q: ! Required information [The following information applies to the questions displayed below.] Troy…

A: Calculate the total gain on the sale:{Total Gain} = {Selling Price} - {Purchase Price}Total Gain=…

Q: Mc Graw Hill M Question 5 - Week 11 - Homework #7 (100 points) - Connect Week 11 - Homework #7 (100…

A: Approach to solving the question: Information Given:Total Salary: $3,360 every two weeksDaily Salary…

Q: Choose the correct Option

A: Explanation of Hyperinflationary Accounting: Hyperinflationary accounting is a specialized…

Q: please solve this Question

A: The problem requires the determination of the EPS. Earnings per share (EPS) is a company's net…

Q: Question 5 Melissa has $90,000 in salary from her full-time position and $40,000 in net income in…

A: Melissa's self-employment income = $40,000 net income from consulting. full-time salary of $90,000…

Q: gpl

A: Step 1: Calculate Total Units Available and Total Cost for Each Purchase:Beginning Inventory: 590…

Q: choose correct options in detailed

A: Step 1: Define Lower of Cost or Market (LCM) Lower of Cost or Market (LCM) is an accounting…

Q: I need do fast typing clear urjent no chatgpt used i will give 5 upvotes pls full explain with…

Q: Answer in the correct steps

A: Explanation of Import Duty: Import duty is a tax levied by governments on goods when transported…

Q: Don't use AI.

A: Deduct the variable costs from the selling price to get the CM per unit. This should include the 1…

Q: want correct answer with details

A: Key Information: Number of shares outstanding: 3,000 sharesShares owned by Juan: 1,500 sharesShares…

Q: General Accounting Question please answer not use chatgpt

A: STEP 1: Calculate the Net Income. This is the difference between sales and all the associated costs…

Q: E. Assume that at the beginning of the 2023 financial year, half of the reported cost of the PPE and…

A: Question E:Half of the reported cost of PPE and half of the accumulated depreciation are attributed…

Q: Answer in step by step with explanation. Don't use Ai and chatgpt.

A: Arbitrarily assigning Common fixed costs to segments in income statements can misreport…

Q: A product cost is composed of the following:

A: Step 1: Define Product cost in accountingAs per the accounting terms of GAAP and IFRS, the financial…

Q: A capital maintenance adjustment would appear in?

A: Explanation of Capital Maintenance Adjustments: Capital maintenance adjustments are accounting…

Q: Need help

A: Step 1: Define Current RatioThe current ratio is the ratio of current assets relative to the current…

Q: The following are comparative balance sheets for concord company

A: Increase in Accounts Receivable: 2022 - 2021 = $84,500 - $79,900 = $4,600 (deducted as it's an…

Q: help me in this

A: determine the amount of capital gain J.D. must recognize related to the distribution from ABC, Inc.,…

Q: Kindly provide answer

A: Detailed explanation: Where there is a compound financial instrument, the equity part is arrived at…

Q: Provide answer this general Accounting question

A: Step 1: Define EquityEquity equals the contributed capital plus retained earnings. However, one can…

Q: Provide answer this accounting question

A: Step 1:- Introduction to the Absorption CostingAbsorption costing, commonly referred to as complete…

Q: 12-56

A: Explanation of Return on Investment (ROI): Return on Investment is a performance measure used to…

Q: un.1

A: Dr Inventory (Mature Blue Spruce) $116,900Cr Gain on Fair Value Change $116,900 Dr Loss on Fair…

Q: A company issued 5%, 20-year bonds with a face amount of $80 million. The market yield for bonds of…

A: Computation of the selling price of bonds if market yield for bonds of similar risk and maturity is…

Q: Want answer

A: Explanation of Gain on Sale of Fixed Assets:Gains on the sale of fixed assets occur when an asset is…

Q: Answer in step by step with explanation. Don't use Ai.

A: Step 1:Computation of cost of business Cost of business use = Vehicle cost * % of business use…

Q: WIP

A: Total value of work started = Initial WIP ($30,000) + Additional costs ($80,000) Total value of work…

Q: This question

A: a) The fiscal year period : Incorret optionThe fiscal year period refers to a company's accounting…

Q: Provide Solution

A: Explanation of Inventory: Inventory refers to the goods a company holds for sale in the ordinary…

Q: Accounting 11-34

A: Explanation of Cost of the Machine: The cost of the machine refers to the original purchase price or…

Q: Need help with this accounting question not use ai

A: Step 1: Define Cost-Volume-Profit AnalysisIt is an analysis to determine how variable costs and…

Q: Zorro Inc. has the following cash register data for December 31: Cash register total for cash…

A: The first step is to identify the difference between the cash register total for cash sales and the…

Q: Griffin Shoe Company records Sales Returns and Allowances, Sales Discounts, and Credit Card…

A: Detailed explanation:TransactionsNet SalesCost of Goods Sold Gross ProfitJuly 12800 - (800 x 2%) =…

Q: After reading the case, you will choose one side to assist (you’ve been hired by Dave James OR…

A: In this scenario, we are hired by the Branson brothers to provide a business valuation of Dave…

Q: Please give correct answer

A: Given InformationOriginal Cost of Office Furniture: $16,500Accumulated Depreciation: $14,000Cash…

Q: Need answer the accounting question not use chatgpt

A: Step 1:- Introduction to the Absorption CostingAnother method to account for the costs in cost…

Q: Hello tutor answer the accounting question step by step and correct

A: the fixed annual dividend for preference shares will be:Preference share capital: 50,000 shares with…

Q: Need help with this accounting question

A: Step 1: Define Retirement PlansRetirement plans are the type of investment in which a person makes…

Q: ??

A: Explanation of Goodwill:Goodwill is an intangible asset that arises when a company acquires another…

Q: Purchase?

A: Tech Zone Store has different prices depending on the number of units ordered:0 to 100 units cost…

Q: Astair, Inc.

A: Step 1: Define Desired ProfitIt is the net income a company wants to generate at the end of an…

Q: Wolverine World Wide, Incorporated, designs, markets, and licenses casual, industrial, performance…

A: Let's analyze each transaction and determine its effect on the balance sheet and income statement.a.…

Q: Right Answer only

A: Explanation of Lower of Cost or Net Realizable Value (LCNRV): LCNRV is a fundamental accounting rule…

Q: for both answer want

A: Given data, The inventory value at the beginning of 2013 = $110,000.The amount of inventory…

Q: Cello Mowing & Landscaping's year-end 2018 balance sheet lists current assets of $435,400, fixed…

A: Explanation of Current Assets: Current assets are resources owned by a company that are expected to…

Question

100%

Please do fast answer with correct calculation for this accounting question

For the past year, LP Gas, Inc. had cash flow from assets of $38,100 of
which $21,500 flowed to the firm's stockholders. The interest paid was
$2,300. What is the amount of the net new borrowing?
a. -$14,300
b. -$9,700
c. $12,300
d. $14,300
e. $18,900

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Moonstone Company reported the following information at year-end: *Government treasury bills of P2,500,000, purchased on December 31 at which time they had two months to go until maturity. *Cash of P5,000,000 in the form of coin, currency and savings account. *Commercial papers of P1,500,000 with term on 9 months but purchased on Dec. 31 at which time they had three months to go until maturity. *Share investments of P500,000 that are very actively traded in stock market. What total amount should be reported as “cash”?
14. Suppose that you have generated the estimates listed below from a pro forma analysis for a company that had requested a three year loan. The loan is a $1.5 million term loan with the equal annual payments of principals. The P&I payments are due at the end of each year with the annual interest rate = Prime rate + 1.5%. Capital expenditure Cash dividends Cash flow from operations before interest expense a). b). c). Yr.1 250,000 140,000 750,000 Assuming the Prime rate = 7.5% each year. What will be the interest payment at year 3? 25,000 50,000 45,000 53,000 10,000 Yr. 2 125,000 140,000 780,000 Yr. 3 75,000 140,000 800,000
Entity A invested $18,000 in 10.00% loan notes. The loan interest is paid in arrears. The loan notes are repayable at a premium after 3 years. The effective rate of interest is 12.00%. Entity A intends to collect the contractual cash flows which consist solely of repayments of interest and principal. REQUIRED: (1) Measure the interest revenue recognised in the Statement of Profit or Loss of year 3. (2) Measure the loan notes recognised in the Statement of Financial Position of year 2
Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in long-term debt. What is the debt ratio?
Suppose that you have generated the estimates listed below from a pro forma analysis for a company that had requested a three year loan. The loan is a $1.5 million term loan with the equal annual payments of principals. The P&I payments are due at the end of each year with the annual interest rate = Prime rate + 1.5%. Yr.1 Yr. 2 Yr. 3 Capital expenditure 250,000 125,000 75,000 Cash dividends 140,000 140,000 140,000 Cash flow from operations before interest expense 750,000 780,000 800,000 Assuming the Prime rate = 7.5% each year. What will be the interest payment at year 3? a). 25,000 b). 50,000 c). 45,000 d). 53,000 e). 10,000
A corporation makes an investment of $20,000 that will provide the following cash flows after the corresponding amounts of time:Year 1 - $10,000Year 2 - $10,000Year 3 - $2,000Should the company make this investment? What is the net present value at a 7 percent discount rate?
Bank Three has equity = $250 million, return on equity (ROE) = 15%, interest expense = $105 million, provision for loans (P) = $30 million, noninterest income = $45 million, noninterest expense = $20 million and a tax rate = : 34%. What is the total interest income required? A. $216.82 million. B. $236.82 million. C. $146.82 million. D. $166.82 million.
A corporation makes an investment of $20,000 that will provide the following cash flows after the corresponding amounts of time:Year 1 - $10,000Year 2 - $10,000Year 3 - $2,000Should the company make this investment? What is the net present value at a 7 percent discount rate? Round your answer to two decimal points.
Prblm
From Part A above, assume that the bank decided to give a loan of $ 59 million to Zenith Corporation (recorded for initial year). Zenith-Corporation invested the amount in a project and generated the following sequence of cash flows over six years: Year Cash Flow ($ million) 0 -59 1 4 2 5 3 6 4 7.33 5 8 6 8.25 Calculate the Net Present Value (NPV) and the Profitability Index (PI) over the six years. Assume discount rate 13% This project does not end after the sixth year but instead will generate cash flows far into the future. Estimate the project’s terminal value, assuming that cash flows after year 6 continue at $8.25 per year perpetuity and then recalculate the investment’s NPV. Calculate the terminal value assuming that cash flows after the sixth year grow at 2% annually in perpetuity, and then recalculate the NPV.
Crafty Inc. borrowed $10,000 with a five-year 11.26% annual interest rate on 10/1/20X1. On their year-end financial statements dated 12/31/20X1, what amount should be reflected for interest expense? Input your response rounded to a whole number, without commas and without dollar signs. Your Answer: Answer
Need all three parts