Chapter 1, Problem 1.6E

Hal's Ice Cream Stands $ Thousands Assets Cash and cash equivalents Accounts receivable Inventories Total Current Assets Equipment Less accumulated depreciation Land Holdings Total Assets Liabilities & Shareholders' Equity Accounts Payable Short-term Debt Total Current Liabilities Long-Term Debt Total Liabilities Shareholders' Equity Liabilities & Shareholders' Equity Hal's Income Statement for the Year Ending 12/31/2021 ($ 000s except for earnings per share) Sales Cost of Goods Sold Payroll and employee benefits Gross Operating Profit Selling, general and administrative expenses Income from Operations Interest expense Income taxes Net Income Earnings per share of common stock ($) 2021 $100 50 75 $225 300 (5) 15 $535 200 50 250 100 350 ??? $535 $500 100 200 200 100 100 5 20 $75 $0.25

The CFO of AkH sp. z 0.0. is developing a financial plan for the company for the year 2022. They would like to check if the strategy, planned for year 2022, is financially viable. According to their calculations, the forecasted financial data for the year 2022 is as follows (all data given in thousands and represent the projected changes between the beginning and end of 2022): a. Revenues = 2,000 b. Operating costs (excluding depreciation) = 1,400 c. Depreciation = 100 d. Other operating costs = 100 e. Financial costs = 50 f. Opening receivables balance = 100, final balance = 200 g. Opening inventory balance = 300, final balance = 500 h. Opening account payables balance = 300, final account payables balance = 500 a. Opening cash balance = 200 j. Credit payment = 100 k. Proceeds from new issuance of shares = 100 ax. Investment expenditure = 300 %3D %3D We also know that the company pays a 19% income tax. a. Based on the given information, please develop a cash flow statement and decide…

An investment services company experienced dramatic growth in the last two decades. The following models for the company's revenue R and expenses or costs C (both in millions of dollars) are functions of the years past 1990. R(t) = 21.4e0.131t and C(t) = 18.6e0.131t (a) Use the models to predict the company's profit In 2021. (Round your answer to one decimal place.) $ 43.8 million (b) How long before the profit found in part (a) is predicted to double? (Round your answer to the nearest whole number.) years after 1990 Enter a number.