Consider a Cash Balance sheet where the beginning cash balance is $710,000, the cash inflows from...

Consider a Cash Balance sheet where the beginning cash balance is $710,000, the cash inflows from operations is $840,000, and the cash outflows from operations is $620,000

Using the figures above, identify the Ending Cash Balance

Select one:

a. $490,000

b. $2,170,000

c. $930,000

d. $220,000

Expert Solution

jeff jeffy answered 8 months ago

Case X: Compute cash received from customers: Sales $ 710,000 Accounts receivable, Beginning balance 30,000 Accounts...

Case X: Compute cash received from customers: Sales $ 710,000 Accounts receivable, Beginning balance 30,000 Accounts receivable, Ending balance 41,400 Case Y: Compute cash paid for rent Rent expense $ 102,300 Rent payable, Beginning balance 5,550 Rent payable, Ending balance 4,551 Case Z: Compute cash paid for inventory Cost of goods sold $ 688,000 Inventory, Beginning balance 213,280 Accounts payable, Beginning balance 89,578 Inventory, Ending balance 174,890 Accounts payable, Ending balance 111,077 For each of the above three separate cases,...

Balance sheet Beginning of Year End of Year Beginning of Year End of Year Cash 382...

Balance sheet Beginning of Year End of Year Beginning of Year End of Year Cash 382 437 Accounts payable 1361 1043 Receivables 914 862 Long-term debt 3295 2982 Inventory 2039 2146 Common stock 750 820 Net fixed assets 5161 5379 Retained earnings 3090 3979 Total assets 8496 8824 Total Liab. & Equity 8496 8824 If the net income during the year was 900 and depreciation was 100 how much was the net cash from operations. (see slide 6 of chapter...

The balance sheet for Bostick Corporation? follows: Ending balance Beginning balance ?Assets: Current? assets: Cash and...

The balance sheet for Bostick Corporation? follows: Ending balance Beginning balance ?Assets: Current? assets: Cash and cash equivalents $52,600 ?$44,600 Accounts receivable $18,300 ?$22,300 Inventory $48,500 ?$53,000 Total current assets $119,400 ?$119,900 ?Property, plant, and equipment ?$287,800 ?$275,300 Less accumulated depreciation $109,000 ?$101,550 Net? property, plant, and equipment $178,800 ?$173,750 Total assets $298,200 ?$293,650 Liabilities and? stockholders' equity: Current? liabilities: Accounts payable ?$26,030 ?$29,580 Wages payable ?$41,600 ?$47,100 Other accounts payable $42,200 ?$35,400 Notes payable ?$24,200 ?$25,200 Total current liabilities...

Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and...

Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 43 $ 40 Accounts receivable 104 91 Inventory 63 50 Property, plant, and equipment 813 670 Less accumulated depreciation 368 318 Total assets $ 655 $ 533 Liabilities and stockholders' equity: Accounts payable $ 83 $ 90 Bonds payable 190 300 Common stock 115 91 Retained earnings 267 52 Total liabilities and stockholders' equity $ 655 $ 533 Income Statement Sales...

Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 134,000 $ 137,000...

Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 134,000 $ 137,000 Accounts receivable 334,000 481,000 Inventory 563,000 474,000 Plant and equipment, net 829,000 808,000 Investment in Buisson, S.A. 407,000 432,000 Land (undeveloped) 248,000 251,000 Total assets $ 2,515,000 $ 2,583,000 Liabilities and Stockholders' Equity Accounts payable $ 385,000 $ 339,000 Long-term debt 1,025,000 1,025,000 Stockholders' equity 1,105,000 1,219,000 Total liabilities and stockholders' equity $ 2,515,000 $ 2,583,000 Joel de Paris, Inc. Income Statement Sales $...

Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 131,000 $ 136,000...

Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 131,000 $ 136,000 Accounts receivable 333,000 483,000 Inventory 577,000 485,000 Plant and equipment, net 889,000 866,000 Investment in Buisson, S.A. 396,000 435,000 Land (undeveloped) 247,000 254,000 Total assets $ 2,573,000 $ 2,659,000 Liabilities and Stockholders' Equity Accounts payable $ 384,000 $ 331,000 Long-term debt 1,021,000 1,021,000 Stockholders' equity 1,168,000 1,307,000 Total liabilities and stockholders' equity $ 2,573,000 $ 2,659,000 Joel de Paris, Inc. Income Statement Sales $...

Rowan Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance Assets Current assets: ?Cash...

Rowan Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance Assets Current assets: ?Cash and cash equivalents $70 $91 ?Accounts receivable 536 572 ?Inventory ??620 ??580 Total current assets ?1,226 ?1,243 Property, plant, and equipment 1,719 1,656 ?Less accumulated depreciation ??640 ??480 Net property, plant, and equipment ?1,079 ?1,176 Total assets $2,305 $2,419 Liabilities and Stockholders’ Equity Current liabilities: ?Accounts payable $205 $180 ?Accrued liabilities 94 105 ?Income taxes payable ???72 ???88 Total current liabilities 371 373 Bonds...

From the following balance sheet and additional information given, prepare cash flow statement. Balance Sheet as...

From the following balance sheet and additional information given, prepare cash flow statement. Balance Sheet as on March 31, 2005 and 2006 Particulars 2005 Rs. 2006 Rs. Particulars 2005 Rs. 2006 Rs. Share Capital 9,00,000 9,00,000 Fixed Assets 8,00,000 6,40,000 General Reserve 6,00,000 6,20,000 Investments 1,00,000 1,20,000 Profit & loss a/c 1,12,000 1,36,000 Stock 4,80,000 4,20,000 Creditors 3,36,000 2,68,000 Debtors 4,20,000 9,10,000 Provision for tax 1,50,000 20,000 Bank 2,98,000 3,94,000 Mortgage loan - 5,40,000 20,98,000 24,84,000 20,98,000 24,84,000 Additional Information:...

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.95 million in long-term debt, $710,000...

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.95 million in long-term debt, $710,000 in the common stock account, and $6.5 million in the additional paid-in surplus account. The 2009 balance sheet showed $4.05 million, $905,000, and $8.25 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $360,000. The company paid out $590,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $760,000, and the firm...

Consider the following balance sheet (in $millions): Assets consisting of Cash of $2 and Loans of...

Consider the following balance sheet (in $millions): Assets consisting of Cash of $2 and Loans of $10; Liabilities consisting of Deposits of $8, Debt of $2 and Equity of $2 (Total Assets of $12). The average interest earned on the loans is 7% and the average cost of deposits is 6%. Rising interest rates are expected to reduce the deposits by $3 million. Borrowing more debt will cost the bank 6.5% in the short term. A. What will be the...

Question