| Item | Prior year | Current year |
| Accounts payable | 8,186.00 | 7,739.00 |
| Accounts receivable | 6,057.00 | 6,669.00 |
| Accruals | 988.00 | 1,511.00 |
| Cash | ??? | ??? |
| Common Stock | 11,546.00 | 12,982.00 |
| COGS | 12,636.00 | 18,245.00 |
| Current portion long-term debt | 5,018.00 | 4,932.00 |
| Depreciation expense | 2,500 | 2,818.00 |
| Interest expense | 733 | 417 |
| Inventories | 4,137.00 | 4,814.00 |
| Long-term debt | 14,160.00 | 13,242.00 |
| Net fixed assets | 50,182.00 | 54,535.00 |
| Notes payable | 4,313.00 | 9,802.00 |
| Operating expenses (excl. depr.) | 13,977 | 18,172 |
| Retained earnings | 28,932.00 | 30,098.00 |
| Sales | 35,119 | 46,352.00 |
| Taxes | 2,084 | 2,775 |
What is the firm's net income in the current year?
Answer format: Number: Round to: 0 decimal places.
In: Finance
| Item | Prior year | Current year |
| Accounts payable | 8,186.00 | 7,739.00 |
| Accounts receivable | 6,057.00 | 6,669.00 |
| Accruals | 988.00 | 1,511.00 |
| Cash | ??? | ??? |
| Common Stock | 11,546.00 | 12,982.00 |
| COGS | 12,636.00 | 18,245.00 |
| Current portion long-term debt | 5,018.00 | 4,932.00 |
| Depreciation expense | 2,500 | 2,818.00 |
| Interest expense | 733 | 417 |
| Inventories | 4,137.00 | 4,814.00 |
| Long-term debt | 14,160.00 | 13,242.00 |
| Net fixed assets | 50,182.00 | 54,535.00 |
| Notes payable | 4,313.00 | 9,802.00 |
| Operating expenses (excl. depr.) | 13,977 | 18,172 |
| Retained earnings | 28,932.00 | 30,098.00 |
| Sales | 35,119 | 46,352.00 |
| Taxes | 2,084 | 2,775 |
What is the firm's cash flow from investing?
Answer format: Number: Round to: 0 decimal places.
#6
| Item | Prior year | Current year |
| Accounts payable | 8,186.00 | 7,739.00 |
| Accounts receivable | 6,057.00 | 6,669.00 |
| Accruals | 988.00 | 1,511.00 |
| Cash | ??? | ??? |
| Common Stock | 11,546.00 | 12,982.00 |
| COGS | 12,636.00 | 18,245.00 |
| Current portion long-term debt | 5,018.00 | 4,932.00 |
| Depreciation expense | 2,500 | 2,818.00 |
| Interest expense | 733 | 417 |
| Inventories | 4,137.00 | 4,814.00 |
| Long-term debt | 14,160.00 | 13,242.00 |
| Net fixed assets | 50,182.00 | 54,535.00 |
| Notes payable | 4,313.00 | 9,802.00 |
| Operating expenses (excl. depr.) | 13,977 | 18,172 |
| Retained earnings | 28,932.00 | 30,098.00 |
| Sales | 35,119 | 46,352.00 |
| Taxes | 2,084 | 2,775 |
What is the firm's total change in cash from the prior year to the current year?
Answer format: Number: Round to: 0 decimal places.
In: Finance
This year, Sooner Company reports current E&P of negative $300,000. Its accumulated E&P at the beginning of the year was $200,000. Sooner distributed $400,000 to its sole shareholder, Boomer Wells, on June 30 of this year. Boomer’s tax basis in his Sooner stock is $75,000. (Leave no answer blank. Enter zero if applicable. Negative amounts should be indicated by a minus sign.)
a. How much of the $400,000 distribution is treated as a dividend to Boomer?
Dividend?
b. What is Boomer’s tax basis in his Sooner stock after the distribution?
tax basis?
In: Accounting
Currently, the term structure is as follows: One-year bonds yield 8.25%, two-year zero-coupon bonds yield 9.25%, three-year and longer maturity zero-coupon bonds all yield 10.25%. You are choosing between one, two, and three-year maturity bonds all paying annual coupons of 9.25%. You strongly believe that at year-end the yield curve will be flat at 10.25%.
a. Calculate the one year total rate of return for the three bonds.
b. Which bond would you buy?
In: Finance
Making financial decision's
Jack is a 40-year-old construction worker. He makes $33,500 per year. He only saves 5 percent of his salary per year since it is all he feels he can afford. His friend Joe suggests that he invest his money conservatively so that it won’t lose as much value if the market takes a nosedive. His other friend Jim thinks that investing aggressively with high risk is the way to go since Jack has several years to work to make up for any losses.
The question is: What do you suggest to jack?
**I'm not sure how I should be looking at this question. If you could provide bullet points to focus my learning or short response to the question, or an answer you found else were would truly help.**
In: Finance
| Item | Prior year | Current year |
| Accounts payable | 8,195.00 | 7,829.00 |
| Accounts receivable | 6,022.00 | 6,659.00 |
| Accruals | 1,008.00 | 1,494.00 |
| Cash | ??? | ??? |
| Common Stock | 11,002.00 | 11,629.00 |
| COGS | 12,702.00 | 18,145.00 |
| Current portion long-term debt | 5,007.00 | 4,981.00 |
| Depreciation expense | 2,500 | 2,840.00 |
| Interest expense | 733 | 417 |
| Inventories | 4,224.00 | 4,819.00 |
| Long-term debt | 13,198.00 | 14,807.00 |
| Net fixed assets | 50,184.00 | 54,341.00 |
| Notes payable | 4,341.00 | 9,854.00 |
| Operating expenses (excl. depr.) | 13,977 | 18,172 |
| Retained earnings | 28,847.00 | 29,394.00 |
| Sales | 35,119 | 45,663.00 |
| Taxes | 2,084 | 2,775 |
What is the firm's total change in cash from the prior year to the current year?
In: Finance
| Item | Prior year | Current year |
| Accounts payable | 8,105.00 | 7,772.00 |
| Accounts receivable | 6,003.00 | 6,774.00 |
| Accruals | 1,018.00 | 1,383.00 |
| Cash | ??? | ??? |
| Common Stock | 10,304.00 | 12,206.00 |
| COGS | 12,768.00 | 18,301.00 |
| Current portion long-term debt | 4,988.00 | 4,965.00 |
| Depreciation expense | 2,500 | 2,763.00 |
| Interest expense | 733 | 417 |
| Inventories | 4,290.00 | 4,825.00 |
| Long-term debt | 14,354.00 | 14,752.00 |
| Net fixed assets | 51,782.00 | 54,351.00 |
| Notes payable | 4,327.00 | 9,929.00 |
| Operating expenses (excl. depr.) | 13,977 | 18,172 |
| Retained earnings | 28,306.00 | 29,460.00 |
| Sales | 35,119 | 47,796.00 |
| Taxes | 2,084 | 2,775 |
(a) What is the firm's cash flow from investing?
(b) What is the firm's total change in cash from the prior year to the current year?
Please work out all steps. Thank you!
In: Finance
| Data |
Year 2 Quarter |
Year 3 Quarter |
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| 1 | 2 | 3 | 4 | 1 | 2 | |
| Budgeted unit sales | 50,000 | 65,000 | 115,000 | 70,000 | 80,000 | 90,000 |
| Selling price per unit | $7 | per unit | ||||
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| a.
What are the total expected cash collections for the year under this revised budget? b. What is the total required production for the year under this revised budget?
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d.
What are the total expected cash disbursements for raw materials for the year under this revised budget?
| e. |
After seeing this revised budget, the production manager cautioned that due to the current production constraint, a complex milling machine, the plant can produce no more than 90,000 units in any one quarter. Is this a potential problem? |
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In: Accounting
Tesla’s receivables are increasing year-over-year through 2019. What’s happening to its Accounts Receivable Turnover Ratio between the years 2017 and 2019? Interpret this result.
In: Accounting
| Item | Prior year | Current year |
| Accounts payable | 8,128.00 | 7,941.00 |
| Accounts receivable | 6,018.00 | 6,795.00 |
| Accruals | 1,018.00 | 1,562.00 |
| Cash | ??? | ??? |
| Common Stock | 11,706.00 | 11,191.00 |
| COGS | 12,675.00 | 18,387.00 |
| Current portion long-term debt | 5,052.00 | 4,980.00 |
| Depreciation expense | 2,500 | 2,758.00 |
| Interest expense | 733 | 417 |
| Inventories | 4,103.00 | 4,807.00 |
| Long-term debt | 13,983.00 | 13,499.00 |
| Net fixed assets | 50,428.00 | 54,010.00 |
| Notes payable | 4,377.00 | 9,836.00 |
| Operating expenses (excl. depr.) | 13,977 | 18,172 |
| Retained earnings | 28,828.00 | 29,707.00 |
| Sales | 35,119 | 46,562.00 |
| Taxes | 2,084 | 2,775 |
What is the firm's cash flow from operations?
In: Accounting