Ramakrishnan, Inc., reported 2021 net income of $50 million and depreciation of $3,000,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Current liabilities: Cash and marketable securities Accounts receivable $ 55 $ 18 Accrued wages and taxes $ 36 $ 27 89 84 Accounts payable 101 95 Inventory 186 128 Notes payable 95 90 Total $330 $230 Total $232 $212 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash value
Q: Assume that Timberline Corporation has 2023 taxable income of $240,000 for purposes of computing the…
A: Deductions:A deduction is provided as an expense and can be subtracted from the gross total income…
Q: Required information [The following information applies to the questions displayed below.] Case A.…
A: Case A:1.1) Kapono has received a loss of $9,800.1.2)The initial value of the new tractor is…
Q: please answer this with must explanation , computation , for each steps and each parts answer in…
A: The main purpose of standard costing is to compare your actual performance with these standards and…
Q: Exercise 9-13 (Algorithmic) (LO. 2) Lara uses the standard mileage method for determining auto…
A: To calculate Lara's deductions:a. Business: Lara drove 9,000 miles for business purposes. The…
Q: When expense accounts are closed, __________. the owner's capital account is…
A: The objective of the question is to understand what happens when expense accounts are closed in the…
Q: Outdoor Luggage, Incorporated, makes high-end hard-sided luggage for sports equipment. Data…
A: The contribution margin is the difference between the sales and the variable expense. It is in other…
Q: What will be the effect of the lease on Café Med’s earnings for the first year (ignore taxes)?…
A: A lease is a contractual agreement where one party (the lessor) grants another party (the lessee)…
Q: Question Content Area After the accounts are adjusted and closed at the end of the fiscal year,…
A: The objective of the question is to calculate the net realizable value (NRV) of the accounts…
Q: Required Information [The following Information applies to the questions displayed below.] Sierra…
A: The cost of goods sold accounts for all expenditures and outlays immediately connected to the…
Q: Chuck Wagon Grills, Incorporated, makes a single product-a handmade specialty barbecue grill that it…
A: Absorption costing is a method of accounting that includes all of the costs associated with…
Q: Lily's taxable income before these transactions is $193,700. What are Lily's taxable incom and tax…
A: Taxable income denotes the part of an individual's or entity's earnings liable to be taxed by the…
Q: 8 years ago, a new machine cost $3 million to purchase. The machine was to be linearly depreciated…
A: Depreciation refers to an expense that is incurred each year due to wear, tear or obsolescence…
Q: a) Kirpalani Limited wants to expand its furniture line. The board of directors have agreed that the…
A: Governments, corporations, and other organizations issue bonds to raise capital. When bonds are…
Q: Delightful Winery produces bottled wines for the hospitality industry in a four-stage process…
A: The objective of the question is to prepare a statement of equivalent production, compute the total…
Q: Required Information Exercise 9-13A (Algo) Comprehensive single-cycle problem LO 9-1, 9-2, 9-4, 9-5…
A: Journal Entries :Journal entries are used to record the transactions done in books of accounts.It…
Q: On January 1, Year 1, Carrot, an individual, paid $17,500 for 5 percent of the stock in Root Corp.,…
A: A promissory note is a written, unconditional promise by one party to pay a specific sum of money to…
Q: Schedule of cash payments for a service company EastGate Physical Therapy Inc. is planning its cash…
A: The schedule of cash payments indicates the amount of cash that will be paid in the future period…
Q: Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.10q)…
A: Activity variance is the difference between flexible budget data and planning budget data. Flexible…
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: Material variance is the difference between the actual and the standard costs of materials used in…
Q: Vessel operating costs Advertising Fixed Cost per Cost per Cost per Month Cruise $ 6,800 $ 476.00 $…
A: Flexible budget is an budget for different levels of activity. It changes on basis of levels of…
Q: Anderson Publishing has two divisions: Book Publishing and Magazine Publishing. The Magazine…
A: Contribution margin refers to the excess of sales revenue over the variable cost incurred by a…
Q: At the beginning of the month, Daniel's Business Services had two Incomplete consulting engagements…
A: Overhead means the amount of expenses incurred indirectly to produce the goods. These expenses…
Q: 2. Agrabah Inc. produces luxury carpets for homes and businesses. They reported the following…
A: Absorption costing means where inventory is valued at total manufacturing cost.. Variable costing…
Q: Wexpro, Incorporated, produces several products from processing 1 ton of clypton, a rare mineral.…
A: Incremental Analysis :— This analysis shows the comparison between two different alternatives. A…
Q: On January 1, 2025, Marin Corporation started the year with a balance in Accounts Receivable of…
A: The difference between the balance of accounts receivable and the allowance for doubtful accounts is…
Q: ssume the Hiking Shoes division of the apital is 5%. Its effective tax rate is 35%. Sales Operating…
A: Calculate the capital turnover using the formula as follows:--Capital Turnover= Sales / Total Assets
Q: Packaging Solutions Corporation manufactures and sells a wide variety of packaging products.…
A: The budget report is prepared to compare the actual and budgeted production data. The variance is…
Q: Proceeds
A: Notes Payable is a financial instrument used for borrowing money from Bank or any other Financial…
Q: Required: Prepare an income statement, statement of retained earnings, and balance sheet for this…
A: Amount in poundsrate of exchangeAmount inUS dollarsRent revenue…
Q: The TimpRiders LP has operated a motorcycle dealership for a number of years. Amir is the limited…
A: Partnership is an agreement between two or more parties to conduct business and share the profits…
Q: na qualifying reorganization, Cato Corporation exchanges $8,935,000 worth of stock and property…
A: Recognized gain or loss refers to the difference between the selling price of an asset and its…
Q: hree identical units of merchandise were purchased during May, as follows: Date Magnesium XP…
A: The objective of the question is to calculate the gross profit and ending inventory using three…
Q: None
A: The profitability of the entity is depicted by the income statement and it shows the profit or loss…
Q: please answer this wit compulsory explanation , computation , narration for each parts and steps…
A: Answer:- The total cost of producing a product, including raw materials and operating costs, is…
Q: Required information [The following information applies to the questions displayed below.] Dain's…
A: The "original basis" means the asset's true cost. Capital gains are taxed on the amount of the…
Q: If a manufacturer of electronic devices invests $750,000 in equipment for making compact…
A: = Given :-Initial investment = $750,000Annual revenue =…
Q: 20. Bargain Surplus made cash sales during the month of October of $373,650. The sales are subject…
A: A sales tax is a consumption tax imposed by the government on the sale of goods and services.
Q: During Year 1, Ashkar Company ordered a machine on January 1 at an invoice price of $27,000. On the…
A: Depreciation Expenses are the expenses incurred on the wear and tear of the fixed assets. This is…
Q: Packaging Solutions Corporation manufactures and sells a wide variety of packaging products.…
A: Variances is the amount of difference between the actual values and the values estimated by the…
Q: Sagar
A: The objective of the question is to record the adjusting entries for depreciation or amortization…
Q: A21-20 Retrospective Policy Change 21-3, 21-4, 21-6) Armstrong Ltd. has used the average cost (AC)…
A: Dividend:The dividends refer to the amount which is paid to the shareholders whether it is equity or…
Q: Assume that the most efficient production technology available for making vitamin pills has the cost…
A: Answer:- Average total cost meaning (ATC) :- The average total cost (ATC) refers to the average cost…
Q: The manufacturing plant of Carilla Ltd. specializes in crafting specialized pieces for carnival.With…
A: The objective of this question is to determine whether Carilla Ltd. should accept a special…
Q: After reviewing your inspection plan to your supervisor, she asks you to join her in a discussion…
A: Cost management is a critical part of business operations as it directly impacts the profitability…
Q: WMEJ is an independent television station run by a major state university. The station's broadcast…
A: The variable cost refers to the cost which varies with production while the fixed cost remains the…
Q: (1) Prepare direct materials budgets for September and October. (2) Prepare direct labor budgets for…
A: Direct material budget: The direct material budget is a financial plan that calculates the quantity…
Q: The manufacturing plant of Carilla Ltd. specializes in crafting specialized pieces for carnival.With…
A: Special Order Decision with 15,000 pieces Monthly Capacity:First, let's calculate the incremental…
Q: Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing…
A: The relevant cost refers to the cost which is avoidable or differs between the two alternatives. If…
Q: On March 31, 2024, Wolfson Corporation acquired all of the outstanding common stock of Barney…
A: When a firm is acquired, goodwill is the remaining amount after the acquisition price is subtracted…
Q: The manufacturing plant of Carilla Ltd. specializes in crafting specialized pieces for carnival.…
A: Every business gets an offer for a special order while doing their day-to-day operations. Businesses…
Step by step
Solved in 3 steps
- Ramakrishnan, Inc., reported 2021 net income of $20 million and depreciation of $2,700,000. The top part of Ramakrishnan, Inc's, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Cash and marketable sečurities Accounts receivable Inventory Current liabilities: Accrued wages and taxes Accounts payable Notes payable $ 25 $ 21 65 $ 24 $ 12 78 116 73 85 139 65 60 Total $249 $206 Total $162 $146 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)Ramakrishnan, Inc., reported 2021 net income of $55 million and depreciation of $3,050,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Cash and marketable securities Accounts receivable $ 60 $ 19 89 85 Current liabilities: Accrued wages and taxes Accounts payable $ 34 $ 28 67 60 Inventory Total 195 130 $344 $234 Notes payable 60 55 Total $161 $143 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash value $ 2Ramakrishnan, Inc., reported 2021 net income of $25 million and depreciation of $2,750,000. The top part of Ramakrishnan, inc's 2021 and 2020 balance sheets is reproduced below (in millions of collars): 2021 2020 2021 2020 Current assets: Current sabilties: Cash and marketable securities $30 S 13 Accrued wages and taxes $ 26 5 22 Accounts receivable 85 79 Accounts payable 79 70 Inventory 146 118 Notes payable 70 65 Total $ 261 $210 Total S 175 $157 Calculate the 2023 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.
- Ramakrishnan, Inc., reported 2021 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Inc.’s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Current liabilities: Cash and marketable securities $ 25 $ 26 Accrued wages and taxes $ 43 $ 35 Accounts receivable 98 92 Accounts payable 69 60 Inventory 170 144 Notes payable 60 55 Total $ 293 $ 262 Total $ 172 $ 150Ramakrishnan, Inc, reported 2021 net income of $20 million and depreciation of $2,700,000. The top part of Ramakrishnan, Inc.s 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 202 2023 2020 Current assets: Cash and market able seturities Accounts recelvable Inventory Current liabilities Accrued weges and taxes Accounts payable Notes payable Total $ 25 85 $ 12 $ 24 $ 21 65 78 116 $206 73 199 65 Total $249 $162 $146 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions)Ramakrishnan, Inc., reported 2021 net income of $30 million and depreciation of $2,800,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): Current assets: Cash and marketable securities Accounts receivable Inventory Total Net cash value $ 2021 $ 35 85 152 $272 8,600,000 LUNCU 2020 $ 14 80 120 $214 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) 2021 $ 28 80 75 $183 2020 $ 23 75 70 $168 He
- Some selected financial statement items belonging to PXR Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Receivables 18,500 Total Assets in 2021 130,000 Current Liabilities 42,000 Total Assets in 2020 110,000 Profit before Tax 18,000 Tax 3,000 Select one: a. 0.125 b. 0.150 c. 0.205 d. 0.137Ramakrishnan, Inc., reported 2021 net income of $55 million and depreciation of $3,050,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): Current assets: Cash and marketable securities Accounts receivable Inventory Total 2021 2020 $ 60 $19 89 195 $344 85 130 $234 Answer is complete but not entirely correct. S Net cash value 183 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2021 $34 67 60 $161 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) 2020 $28 60 55 $143Ramakrishnan, Incorporated, reported 2024 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Incorporated’s 2024 and 2023 balance sheets is reproduced below (in millions of dollars): 2024 2023 2024 2023 Current assets: Current liabilities: Cash and marketable securities $ 25 $ 26 Accrued wages and taxes $ 43 $ 35 Accounts receivable 98 92 Accounts payable 69 60 Inventory 170 144 Notes payable 60 55 Total $ 293 $ 262 Total $ 172 $ 150 Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. done
- Below is the Statement of Financial Position of Camille Corporation for the year 2020.Cash 675,000Accounts receivable (net) 2,695,000Inventory 2,185,000Property, plant, and equipment (net) 10,245,000Accounts payable and accrued liabilities 1,800,000Income tax payable 1,500,000Deferred tax liability 750,000Ordinary share (100,000 @ P15 per share) 1,500,000Preference share (50,000 @ P20 per share) 1,000,000Ordinary share premium 3,000,000Retained earnings, January 1 3,350,000Net sales and other revenue 15,000,000Cost and expenses 10,000,000Income tax expense 2,100,00027,900,000 27,900,000a. Supposed that the given values above are the accounting values of the Camille Corporation, what is its book value per share?b. Suppose that the market value of property, plant, and equipment of Camille Corporation increased by P3 million while all other assets remain the same. How much is the liquidation value per share of Camille Corporation?Jack Frat Burger Shack reported 2022 net income of $11 million and depreciation of $3,500,000. The balance sheets for Jack Frat Burger Shack are presented below (in millions of dollars): Current assets: Cash and marketable securities Accounts receivable Inventory Total 2022 2021 $ 40 $ 15 88 132 79 121 $260 $215 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Calculate Jack Frat Burger Shack's 2022 net cash flow from operations. 2022 2021 $ 29 $ 28 71 65 45 45 $145 $138The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is listed below (in millions of dollars). 2021 2020 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 34 143 206 $383 $ 25 128 187 $340 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2021 $ 32 87 76 $195 2020 $ 31 76 68 $175