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#6 Category Prior Year Current Year Accounts payable 3,129.00 5,921.00 Accounts receivable 6,895.00 8,907.00 Accruals 5,673.00...

#6
Category Prior Year Current Year
Accounts payable 3,129.00 5,921.00
Accounts receivable 6,895.00 8,907.00
Accruals 5,673.00 6,097.00
Additional paid in capital 20,291.00 13,616.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,552.00 18,506.00
Current portion long-term debt 500 500
Depreciation expense 990.00 955.00
Interest expense 1,262.00 1,163.00
Inventories 3,079.00 6,682.00
Long-term debt 16,839.00 22,299.00
Net fixed assets 75,662.00 74,289.00
Notes payable 4,026.00 6,578.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,521.00 34,545.00
Sales 46,360 45,401.00
Taxes 350 920
What is the firm's total change in cash from the prior year to the current year?


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#7
If you are willing to pay $26,521.00 today to receive a perpetuity with the first payment occurring next year then the payment must be $______. Assume a 14.00% discount rate.

Solutions

Expert Solution

6)

Total liabilities and stockholders equity Prior year current year
Accounts payable 3129 5921
Accruals 5673 6097
current portion of long term debt 500 500
Long term debt 16839 22299
Note payable 4026 6578
stockholders equity
common stock 2850 2850
Additional paid in capital 20291 13616
Retained earning 35521 34545
Total liabilities and equity 88829 92406

Total asset =Total liabilities+ equity

Total asset Prior year current year
Total Asset 88829 92406
Less:All asset other than cash
Accounts receivable -6895 -8907
Inventory -3079 -6682
Net fixed asset -75662 -74289
Cash 3193 2528

Change in cash from the prior year to the current year = current year cash -prior year cash

                                                                = 2528 - 3193

                                                                = - 665

7)

Payment = Amount today * Discount rate

             = 26521*.14

             = 3712.94

jeff jeffy answered 1 month ago
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