Question

In: Finance

Canyon Tours showed the following components of working capital last year: Beginning End of Year Accounts...

Canyon Tours showed the following components of working capital last year: Beginning End of Year Accounts receivable $ 25,600 $ 23,800 Inventory 12,800 14,100 Accounts payable 15,300 18,100 a. What was the change in net working capital during the year? (A negative amount should be indicated by a minus sign.) b. If sales were $36,800 and costs were $24,800, what was cash flow for the year? Ignore taxes.

Solutions

Expert Solution

jeff jeffy answered 9 months ago
Next > < Previous

Related Solutions

Canyon Tours showed the following components of working capital last year: Beginning of Year End of...
Canyon Tours showed the following components of working capital last year: Beginning of Year End of Year Accounts receivable $ 27,600 $ 24,800 Inventory 13,800 16,100 Accounts payable 16,300 20,100     a. What was the change in net working capital during the year? (A negative amount should be indicated by a minus sign.) b. If sales were $37,800 and costs were $25,800, what was cash flow for the year? Ignore taxes.
Q # 08) Canyon Tours showed the following components of working capital last year: (04 Marks)...
Q # 08) Canyon Tours showed the following components of working capital last year: Beginning End Of Year Accounts Receivable Inventory Accounts Payable $48,000 24,000 29,000 $46,000 25,000 33,000 a. What was the change in net working capital during the year? b. If sales were $72,000 and costs were $48,000, what was cash flow for the year? c. What is working capital, why it brings change in cash flow? d. Write the affects on Cash flow on each of the...
Denna Company’s working capital accounts at the beginning of the year follow:       Cash $ 73,000...
Denna Company’s working capital accounts at the beginning of the year follow:       Cash $ 73,000       Marketable securities $ 22,000       Accounts receivable, net $ 357,200       Inventory $ 467,800       Prepaid expenses $ 10,100       Accounts payable $ 205,400   Notes due within one year $ 106,000       Accrued liabilities $ 62,700 During the year, Denna Company completed the following transactions:     x. Paid a cash dividend previously declared, $33,000. a. Issued additional shares of common stock for cash,...
Denna Company’s working capital accounts at the beginning of the year follow: Cash $ 68,000 Marketable...
Denna Company’s working capital accounts at the beginning of the year follow: Cash $ 68,000 Marketable securities $ 26,200 Accounts receivable, net $ 345,200 Inventory $ 454,800 Prepaid expenses $ 7,600 Accounts payable $ 196,400 Notes due within one year $ 96,000 Accrued liabilities $ 58,200 During the year, Denna Company completed the following transactions: Ex. Paid a cash dividend previously declared, $28,000. Issued additional shares of common stock for cash, $196,000. Sold inventory costing $68,400 for $98,000, on account....
Denna Company’s working capital accounts at the beginning of the year follow: Cash $ 68,000 Marketable...
Denna Company’s working capital accounts at the beginning of the year follow: Cash $ 68,000 Marketable securities $ 26,200 Accounts receivable, net $ 345,200 Inventory $ 454,800 Prepaid expenses $ 7,600 Accounts payable $ 196,400 Notes due within one year $ 96,000 Accrued liabilities $ 58,200 During the year, Denna Company completed the following transactions: Paid a cash dividend previously declared, $28,000. Issued additional shares of common stock for cash, $196,000. Sold inventory costing $68,400 for $98,000, on account. Wrote...
Denna Company’s working capital accounts at the beginning of the year follow: Cash $ 73,000 Marketable...
Denna Company’s working capital accounts at the beginning of the year follow: Cash $ 73,000 Marketable securities $ 22,000 Accounts receivable, net $ 357,200 Inventory $ 467,800 Prepaid expenses $ 10,100 Accounts payable $ 205,400 Notes due within one year $ 106,000 Accrued liabilities $ 62,700 During the year, Denna Company completed the following transactions: Paid a cash dividend previously declared, $33,000. Issued additional shares of common stock for cash, $206,000. Sold inventory costing $72,400 for $103,000, on account. Wrote...
Denna Company’s working capital accounts at the beginning of the year follow: Cash $ 61,000 Marketable...
Denna Company’s working capital accounts at the beginning of the year follow: Cash $ 61,000 Marketable securities $ 28,300 Accounts receivable, net $ 328,400 Inventory $ 436,600 Prepaid expenses $ 6,200 Accounts payable $ 183,800 Notes due within one year $ 82,000 Accrued liabilities $ 51,900 During the year, Denna Company completed the following transactions: Paid a cash dividend previously declared, $21,000. Issued additional shares of common stock for cash, $182,000. Sold inventory costing $62,800 for $91,000, on account. Wrote...
AFT provides helicopter tours of the Grand Canyon. Clients pre-book tours on-line and pay the following...
AFT provides helicopter tours of the Grand Canyon. Clients pre-book tours on-line and pay the following fees at the time of booking: 1. a $10 administration fee for processing the booking and potential cancellations, 2. A $20 fee for guaranteeing the reservation and 3. $300 for the helicopter tour itself. Bookings can be placed as far as one year in advance. If the client cancels the booking more than 2 weeks in advance of the booked tour date, all fees...
. Rawlings Company has the following equity accounts at the beginning and end of Year Three:...
. Rawlings Company has the following equity accounts at the beginning and end of Year Three: January 1, Year Three December 31, Year Three Preferred Stock, 6%, $100 par value $2,000,000 $2,000,000 Common Stock, $1 Par Value $160,000 $200,000 Capital in Excess of Par, Common $12,000,000 $16,000,000 Retained Earnings $1,100,000 $1,800,000 The common stock account increased because 40,000 shares of common stock were issued to the public on September 1, Year Three. Preferred stock was paid its dividend during the...
The following table tracks the main components of working capital over the life of a four-year...
The following table tracks the main components of working capital over the life of a four-year project.    2019 2020 2021 2022 2023 Accounts receivable 0 150,000 225,000 190,000 0 Inventory 75,000 130,000 130,000 95,000 0 Accounts payable 25,000 50,000 50,000 35,000 0    Calculate net working capital and the cash inflows and outflows due to investment in working capital. (Negative answers should be indicated by a minus sign.)
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT