Question

In: Accounting

Consider tax rate = 10%. 2018 2019 Sales $ 5,223 $ 5,606 Depreciation $ 750 $...

Consider tax rate = 10%. 2018 2019 Sales $ 5,223 $ 5,606 Depreciation $ 750 $ 751 Cost of goods sold $ 1,797 $ 2,040 Other operational expenses $ 426 $ 356 Interest $ 350 $ 402 Cash $ 2,739 $ 2,802 Accounts receivable $ 3,626 $ 4,085 Short-term notes payable $ 529 $ 497 Long-term debt $ 9,173 $ 10,702 Net fixed assets $ 22,970 $ 23,518 Accounts payable $ 2,877 $ 2,790 Inventory $ 6,447 $ 6,625 Dividends $ 637 $ 701 Draw the Draw the income statement for 2019 (only one year). For 2019, calculate the operating cash flow. For 2019, calculate the net capital spending. For 2019, calculate the change in net working capital. For 2019, calculate the cash flow from assets.

Solutions

Expert Solution

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

Consider tax rate = 10%. 2018 2019 Sales $ 5,223 $ 5,606 Depreciation $ 750 $...
Consider tax rate = 10%. 2018 2019 Sales $ 5,223 $ 5,606 Depreciation $ 750 $ 751 Cost of goods sold $ 1,797 $ 2,040 Other operational expenses $ 426 $ 356 Interest $ 350 $ 402 Cash $ 2,739 $ 2,802 Accounts receivable $ 3,626 $ 4,085 Short-term notes payable $ 529 $ 497 Long-term debt $ 9,173 $ 10,702 Net fixed assets $ 22,970 $ 23,518 Accounts payable $ 2,877 $ 2,790 Inventory $ 6,447 $ 6,625 Dividends...
3. Assuming that the tax rate is 20%, answer the questions below. 2018 2019 Sales 4,200...
3. Assuming that the tax rate is 20%, answer the questions below. 2018 2019 Sales 4,200 4,800 Cost of Goods Sold 2,000 2,500 Interest 400 500 Dividends 200 300 Depreciation 300 400 Cash 250 300 Account Receivables 300 400 Account Payables 900 1,000 Inventory 1,000 1,500 Long-term Debt 3,300 4,000 Net Fixed Assets 6,000 6,500 (1) (5 points) What is the firm’s cash flow from assets for 2019? (2) (3 points) What is the value of cash flow to bondholders...
Consider a closed economy in which the depreciation rate is 10% per year, the rate of...
Consider a closed economy in which the depreciation rate is 10% per year, the rate of population increase is 2% per year, the rate of technological progress is 1% per year Andy the households save 30% of their income. Suppose the aggregate production function is; Y=f(K, AL)= 9K^4/5 (AL)^1/5 Where Y is output, K is capital, A is the level of technology and L is labor input. a) Derive the production function in per effective worker terms. b) Solve for...
Consider the following data for MNO Corporation: Sales $3,000; Operating expenses = $2,616.2, Depreciation= $100, tax rate = 45%. What is the after tax EBIT?
Consider the following data for MNO Corporation: Sales $3,000; Operating expenses = $2,616.2, Depreciation= $100, tax rate = 45%. What is the after tax EBIT? Select one:a. 230b. 340c. 155%d. $200e. $170.28
This is Java programming question Basic sales tax is applicable at a rate of 10% on...
This is Java programming question Basic sales tax is applicable at a rate of 10% on all goods, except books, food, and medical products that are exempt. Import duty is an additional sales tax applicable on all imported goods at a rate of 5%, with no exemptions. When I purchase items I receive a receipt which lists the name of all the items and their price (including tax), finishing with the total cost of the items, and the total amounts...
If the yield is 10%, the coupon rate is 7%, and the price is $750 then...
If the yield is 10%, the coupon rate is 7%, and the price is $750 then how many years are there until maturity? A. 1.67 B. 6.79 C. 18.80 D. 3.29
Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. 2018 2019...
Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. 2018 2019 Sales $17,573 $16,536 Depreciation 1,781 1,856 Cost of Good Sold 4,579 4,827 Other Expenses 1,006 884 Interest 855 986 Cash 6,247 6,826 Account Receivable 8,160 9,787 Short-term notes payable 1,290 1,267 Long-term debt 20,680 24,936 Net Fixed assets 51,152 54,633 Accounts payable 4,576 5,004 Inventory 14,487 15,408 Dividends 1,550 1,738 Prepare a balance sheet for this company for 2018 and 2019. (Do not round...
Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. 2018 2019...
Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. 2018 2019   Sales $ 26,549 $ 19,368   Depreciation 2,576 2,684   Cost of goods sold 6,690 6,931   Other expenses 1,483 1,278   Interest 1,210 1,425   Cash 8,776 9,847   Accounts receivable 11,688 14,082   Short-term notes payable 1,874 1,841   Long-term debt 29,660 35,729   Net fixed assets 73,229 78,050   Accounts payable 6,389 7,240   Inventory 20,764 22,062   Dividends 2,979 2,514 For 2019, calculate the cash flow from assets, cash flow to creditors,...
Sales $1,000 Net Income $50 Total Assets $2,000 Shareholder equity $750 Tax rate 40.0% Bond Issue:...
Sales $1,000 Net Income $50 Total Assets $2,000 Shareholder equity $750 Tax rate 40.0% Bond Issue: 1.5 million bonds that are $1,000 par value 20-year 5.0% coupon bonds with semiannual payments with a yield to maturity of 7.0%. 100.0 million shares of stock outstanding Market price per share $20.00 2.0 million shares of $8.00 per share dividend preferred stock Market price per share of preferred stock $225.00 Percentage flotation costs per share for preferred stock 8.0% Company's stock beta 1.25...
Harry Potter Inc., information for 2019: 1. Depreciation reported on the tax return exceeded depreciation reported...
Harry Potter Inc., information for 2019: 1. Depreciation reported on the tax return exceeded depreciation reported on the income statement by $75,000. This difference will reverse in equal amounts of $25,000 over the years 2020–2021 . 2. Interest received on municipal bonds was $24,000. 3. Rent collected in advance on January 1, 2019, totaled $45,000 for a 3-year period. Of this amount, $30,000 was reported as unearned at December 31, 2019, for book purposes. 4. The tax rates are 20%...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT