Question

In: Accounting

Category Prior Year Current Year Accounts payable 3,148.00 5,978.00 Accounts receivable 6,987.00 9,075.00 Accruals 5,679.00 6,062.00...

Category Prior Year Current Year
Accounts payable 3,148.00 5,978.00
Accounts receivable 6,987.00 9,075.00
Accruals 5,679.00 6,062.00
Additional paid in capital 19,911.00 13,723.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,424.00 18,276.00
Current portion long-term debt 500 500
Depreciation expense 983.00 959.00
Interest expense 1,262.00 1,152.00
Inventories 3,018.00 6,677.00
Long-term debt 17,000.00 22,791.00
Net fixed assets 75,310.00 74,221.00
Notes payable 4,066.00 6,554.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,527.00 34,370.00
Sales 46,360 45,467.00
Taxes 350 920

What is the firm's cash flow from financing?

Submit

Answer format: Number: Round to: 0 decimal places.

Category Prior Year Current Year
Accounts payable 3,148.00 5,978.00
Accounts receivable 6,987.00 9,075.00
Accruals 5,679.00 6,062.00
Additional paid in capital 19,911.00 13,723.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,424.00 18,276.00
Current portion long-term debt 500 500
Depreciation expense 983.00 959.00
Interest expense 1,262.00 1,152.00
Inventories 3,018.00 6,677.00
Long-term debt 17,000.00 22,791.00
Net fixed assets 75,310.00 74,221.00
Notes payable 4,066.00 6,554.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,527.00 34,370.00
Sales 46,360 45,467.00
Taxes 350 920

What is the firm's total change in cash from the prior year to the current year?

Solutions

Expert Solution

1.

Cash Flow from Financing Amount
Increase in Long-term Debt $    5,791
Increase in Notes Payable $    2,488
Less: Dividend Paid (4160+1157) $ -5,317
Less: Decrease in Additional paid in capital $ -6,188
Cash Flow from Financing $ -3,226
Note: Dividend Paid = Net Income + Decrease in Retained Earnings
Sales $        45,467
COGS $        18,276
Gross Profit $        27,191
Operating Expenses:
Depreciation expense $             959
Interest expense $          1,152
Operating expenses (excl. depr.) $        20,000
Total Expenses $        22,111
Earning Before Taxes $          5,080
Taxes $             920
Net Income $          4,160

2.

Prior year Current year
Accounts payables $    3,148 $          5,978
Accruals $    5,679 $          6,062
Current portion of long-term debt $       500 $             500
Notes payables $    4,066 $          6,554
Current liabilities $ 13,393 $        19,094
Long term debt $ 17,000 $        22,791
Total liabilities $ 30,393 $        41,885
Common stock $    2,850 $          2,850
Additional paid in capital 19,911.00 13,723.00
Retained earnings $ 35,527 $        34,370
Stockholders' equity $ 58,288 $        50,943
Total liabilities and stockholders' equity $ 88,681 $        92,828
Prior year This year
Total assets $ 88,681 $ 92,828
Less: Net Fixed Assets $ 75,310 $ 74,221
Current assets $ 13,371 $ 18,607
Prior year This year
Current assets $ 13,371 $ 18,607
(-) Accounts receivables $    6,987 $    9,075
(-) Inventories $    3,018 $    6,677
Cash $    3,366 $    2,855
Total change in cash (2855-3366) $                -511

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,048.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,731.00 Interest expense 40,500 41,017.00 Inventories 279,000 288,000 Long-term debt 339,670.00 401,877.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,905.00 Retained earnings 306,000 342,000 Sales 639,000 850,323.00 Taxes 24,750 48,686.00 What is...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 430,741.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,943.00 Interest expense 40,500 41,875.00 Inventories 279,000 288,000 Long-term debt 339,876.00 398,606.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,524.00 Retained earnings 306,000 342,000 Sales 639,000 845,964.00 Taxes 24,750 47,204.00 What is...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 430,741.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,943.00 Interest expense 40,500 41,875.00 Inventories 279,000 288,000 Long-term debt 339,876.00 398,606.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,524.00 Retained earnings 306,000 342,000 Sales 639,000 845,964.00 Taxes 24,750 47,204.00 What is...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,545.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,690.00 Interest expense 40,500 42,213.00 Inventories 279,000 288,000 Long-term debt 338,956.00 400,900.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,496.00 Retained earnings 306,000 342,000 Sales 639,000 852,779.00 Taxes 24,750 47,481.00 1. What...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 430,836.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,125.00 Interest expense 40,500 42,404.00 Inventories 279,000 288,000 Long-term debt 339,829.00 400,384.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,228.00 Retained earnings 306,000 342,000 Sales 639,000 847,534.00 Taxes 24,750 47,130.00 what is...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 430,273.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,201.00 Interest expense 40,500 42,805.00 Inventories 279,000 288,000 Long-term debt 339,570.00 398,024.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,475.00 Retained earnings 306,000 342,000 Sales 639,000 847,787.00 Taxes 24,750 48,472.00 What is...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 430,380.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,221.00 Interest expense 40,500 42,028.00 Inventories 279,000 288,000 Long-term debt 335,365.00 400,331.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,395.00 Retained earnings 306,000 342,000 Sales 639,000 852,776.00 Taxes 24,750 48,765.00
Category Prior Year Current Year Accounts payable 3,136.00 5,912.00 Accounts receivable 6,865.00 8,909.00 Accruals 5,736.00 6,053.00...
Category Prior Year Current Year Accounts payable 3,136.00 5,912.00 Accounts receivable 6,865.00 8,909.00 Accruals 5,736.00 6,053.00 Additional paid in capital 20,381.00 13,763.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,644.00 18,617.00 Current portion long-term debt 500 500 Depreciation expense 964.00 1,040.00 Interest expense 1,294.00 1,127.00 Inventories 3,079.00 6,686.00 Long-term debt 16,952.00 22,082.00 Net fixed assets 75,263.00 74,206.00 Notes payable 4,068.00 6,510.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,375.00 34,409.00 Sales 46,360 45,043.00 Taxes 350 920 What is...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 175,511.00 Depreciation expense 21,600 23,085.00 Interest expense 16,200 16,974.00 Inventories 111,600 115,200 Long-term debt 135,000 138,052.00 Net fixed assets 378,667.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 65,892.00 Retained earnings 122,400 136,800 Sales 255,600 335,712.00 Taxes 9,900 18,931.00 What is the current year's...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 175,511.00 Depreciation expense 21,600 23,085.00 Interest expense 16,200 16,974.00 Inventories 111,600 115,200 Long-term debt 135,000 138,052.00 Net fixed assets 378,667.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 65,892.00 Retained earnings 122,400 136,800 Sales 255,600 335,712.00 Taxes 9,900 18,931.00 What is the current year's...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT