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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
jeff jeffy answered 7 months agoRelated 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.)
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