module 7 case

A B с D E F G H 123456789 ($ thousan Cash and cas $ Following is selected year-end financial information for Tilly's, Inc. Dec. 31 77,151 Cash flow fro 40,077 Cost of good! 475,851 Total liabilitie 425,413 Total assets 601,304 10 Cash flow fro (30,743) 11 Sales revenu 681,230 12 Cash flow fro (7,160) 13 180,495 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Other expens Prepare a multiple-step income statement, balance sheet, and statement of cash flows for the year-end in good form. NOTE: Only use a negative sign with your answers, if shown with a negative sign in the above table. TILLY'S, INC. Income Statement fear Ended December 3 ($ thousands) Sales revenu $ 681,230 Cost of goods 475,851 Gross profit $ 205,379 Other expens 180,495 Net income S 24.884 TILLY'S, INC. Balance Sheet December 31, Year 1 ($ thousands) $ 34 35 Total assets $ 601,304 36 $ 37 38 39 40 41 42 43 Total liabilities TILLY'S, INC. Statement of Cash Flows Year Ended December 3 ($ thousands) 44 45 46 47…

TB Problem 21-151 (Algo) In its 2021 Annual Report to Shareholders, Kinney Inc. reported the following Consolidated Statement of Cash Flows: For the years ended December 31, Cash flow from operating activities: Cash received from customers Cash paid to suppliers and employees Interest paid, net Income taxes paid Cash provided by operations. Cash flow from investing activities: Capital expenditures and acquisitions Expenditures for other assets Cash used in investing activities Cash flow from financing activities: Principal payments of long-term debt and lease agreements Addition to long-term debt and lease liability Purchase of common stock and other capital transactions Payment of dividends Cash provided by (used in) financing activities Net increase (decrease) in cash Cash at beginning of year Cash at end of year 2021 $ 198,652,040 (191,876,791) (1,863,990) (346,650) 4,564,609 $ (3,303,579) (37,560) (3,341,139) (1,762,485) 3,068,378 (1,545,906) (795,558) (1,035,571) 187,899 180, 115…

Assets Cash and cash equivalents Inventories Receivables (net) Taxes receivable (net) Due from General Fund Total assets Liabilities Accounts payable Due to Special Revenue Fund Total liabilities General Fund Revenue Fund $ 126,000 6,150 96,500 $ 12,500 7,700 Total $ 138,500 6,150 96,500 7,700 $ 228,650 $ 20,200 $ 248,850 86,550 4,000 7,700 90,550 7,700 94,250 4,000 98,250 6,150 6,150 16,200 16,200 128,250 128,250 134,400 16,200 150,600 Total liabilities and fund balance $ 228,650 $ 20,200 $ 248,850 Fund balance Nonspendable (inventories) Restricted for other purposes Unassigned Total fund balance Additional Information: a. Capital assets (net of accumulated depreciation) amounted to $326,500 at year-end. b. The liability for long-term compensated absences is estimated to be $87.075 at year-end. c. Long-term notes payable used to acquire equipment amounted to $223,250 at year-end. Requried: Prepare a combined Governmental Funds Balance Sheet or Statement of Net Position. Note: Amounts…

Calculate the EFN, external financing needed.

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Problem 17-4 (IAA) Pro Forest Company provided the following information for the preparation of a statement of cash flows for the current year Fear state 2020 2019 Cas! Accc Inve Inve Lan Pro Acc Goc 300,000 Cash and cash equivalents Trading securities Accounts receivable, net of allowance Inventory Property, plant and equipment (net) Goodwill Discount on bonds payable 603,000 300,000 200,000 600,000 900,000 2,000,000 200,000 72,000 520,000 840,000 2,100,000 200,000 100,000 4,675,000 4,260,000 Acc No Во Sh. Sh Re Tr 490,000 310,000 800,000 800,000 210,000 1,000,000 Accounts payable Accrued expenses Bonds payable Preference share capital, P100 par, each share convertible into two ordinary shares Ordinary share capital, P20 par Share premium Retained earnings 500,000 700,000 400,000 650,000 400,000 820,000 500,000 1,355,000 A 4,675,000 4,260,000 1. Additional information 2. 1. Net income for the current year was P1,705,000. 2. Cash dividend paid during the year totaled P1,000,000. 3. The…

Problem 17-5 (AICPA Adapted) Investment in Hall Company at equity statement of financial position: Accounts receivable, net of allowance Fearsome Company showed the following comparative 2021 2020 Cash and cash equivalents 2,350,000 600,000 1,000,000 2,200,000 2,000,000 5,000,000 1,050,000) ( 800,000) 400,000 350,000 700,000 850,000 2,000,000 1,500,000 4,000,000 Inventory Land Property, plant and equipment. Accumulated depreciation Goodwill 400,000 12,500,000 9,000,000 Accounts payable Note payable - long term Bonds payable Share capital, P100 par Share premium Retained earnings Treasury shares, at cost 600,000 500,000 1,600,000 5,250,000 2,700,000 1,850,000 550,000 2,100,000 4,000,000 1,750,000 1,300,000 700,000) 12,500,000 9,000,000 Additional information for 2021 1. The net income for the current year was P3,050,000. 2. Cash dividend paid amounted to P2,500,000. 3. The entity sold equipment costing P200,000, with carrying amount of P50,000, for P70,000 cash. 4. The entity issued…

|0N C Mc Graw Hill M Mim IN CQ X 77°F Raining now 07 of 12 Concepts completed Multiple Select Question https://learning.mheducation.com/static/awd/index.html?_t=1662829861804#/ In Reports cash disbursements Select all that apply Which of the following statements regarding the statement of cash flows are correct? The financial statement that is typically prepared first The final financial statement that is typically prepared Reports cash receipts D It is an optional financial statement Read About the Concept V G|DC|PD| M C va Rate your confidence to submit your answer. Need help? Review these concept resources. Medium O Low Ⓒ2022 McGraw Hill. All Rights Reserved. f6 ta f7 D h e Privacy | Terr 0 hp 18

Net cash flow from financing activities please

Statement Matching Need Help completing

calculate spaceX net capital spending in FY24

Kindly help me with general accounting question

Calculate: Net profit margin Asset utilization Equity multiplier

Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets At June 30 2021 2020 Assets     Cash $ 102,700 $ 52,000 Accounts receivable, net 77,000 59,000 Inventory 71,800 98,500 Prepaid expenses 5,200 7,000 Total current assets 256,700 216,500 Equipment 132,000 123,000 Accumulated depreciation—Equipment (31,000) (13,000) Total assets $ 357,700 $ 326,500 Liabilities and Equity     Accounts payable $ 33,000 $ 42,000 Wages payable 6,800 16,600 Income taxes payable 4,200 5,400 Total current liabilities 44,000 64,000 Notes payable (long term) 38,000 68,000 Total liabilities 82,000 132,000 Equity     Common stock, $5 par value 236,000 168,000 Retained earnings 39,700 26,500 Total liabilities and equity $ 357,700 $ 326,500 IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 Sales…

A. Prepare CORIS RA Statement of Cash Flow for the year ended December 31, 2020

paper, due 1/26/x2 150,000 180-day certificate of deposit, due 3/1/x2 Tax fund 80,000 56,000 235,000 Payroll fund Plant expansion fund Sinking fund Total Cash and Cash equivalents 198,034 467,000 9,055,458 What is the correct amount of Cash and Cash Equivalents to be reported in Paulaner Co.'s 20x1 statement of financial position? b. 8,310,424 a. 8,300,661 C. 8,380,661 d. 8,390,424 3. Athena Co. held the following items on Dec. 31, 20x1: Petty cash fund (currencies and coins, P6,000) 10,000 65,000 Cash on hand (per cash count sheet on Dec. 31, 20x1) Cash in bank (per ledger) 2,890,000 Customer's check #109 - dated Dec. 29, 20x1 190,000 Customer's check #392 - dated Jan. 8, 20x2 20,000 Athena Co.'s check #567 - dated Dec. 29, 20x1 54,000 NSF check (received from the bank on Dec. 30, 20x1) 40,000 All the checks were recorded when they were collected (drawn) by a debit (credit) to the Cash in bank account. The NSF* check was recorded when it was received from the customer. However, the…

Brief Exercise 11-14 (Algo) Calculate the cash return on assets (LO11-6) The balance sheet of Cranium Gaming reports total assets of $480,000 and $780,000 at the beginning and end of the year, respectively. Sales revenues are $1.90 million, net income is $73,000, and operating cash flows are $59,000. Calculate the cash return on assets, cash flow to sales, and asset turnover for Cranium Gaming. (Enter your answers in dollars, not millions (i.e., $10.1 million should be entered as 10,100,000).) Cash Return on Assets Numerator/Denominator Cash Flow to Sales Numerator/Denominator Numerator/Denominator Amounts Asset Turnover Amounts Amounts times

ADDITIONAL FUNDS NEEDED Morrissey Technologies Inc.'s 2015 finan- cial statements are shown here. 6-13 Morrissey Technologles Inc.: Balance Sheet as of December 31,2015 Accounts payable $ 360,000 Cash $180,000 180,000 Receivables 360,000 Accrued liabilities 56,000 $ 596,000 Inventories 720,000 Notes payable Total current $1,260,000 Total current liabilities assets 100,000 Long-term debt Common stock 1.440,000 1,800,000 Fixed assets Retained earnings 204,000 Total assets $2,700,000 Total liabilities and $2,700,000 equity Morrissey Technolagies Inc.: Income Statement for December 31, 2015 Sales Operating costs including depreciation $3,600,000 3,279,720 EBIT $320,280 20,280 $300,000 Interest EBT Taxes (40%) 120,000 $ 180,000 Net Income Per Share Dáta: Common stock price Earnings per share (EPS) Dividends per $ 45.00 $ 1.80 $ 1.08 share (DPS) Suppose that in 2016, sales increase by 10% over 2015 sales. The firm currently has 100,000 shares outstanding. It expects to maintain its 2015…

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6 points general accounting question

Melissa Jucarez u/22/2021 Corporate finance TRB Of the fallowing see of ccsh flous? Year what 19 the COsh Flows -18.700 1 9,400 10,400 3 6is00

SAMPAGUITA INSURANCE COMPANY FINANCIAL STATEMENT 2021 ASSETS Cash and cash equivalents P2,574,335 Interest receivable 132,241 Investments 12,340,312 Investment in subsidiary 529,248 Premiums due from policyholders 10,831 Policy loans receivables - net 369,607 Coverage debt receivables - net 960,404 Reinsurance assets 53,439 Property and equipment - net 415,241 Right-of-use assets - net 533,003 Deferred acquisition costs 12,455,967 Other assets - net 1,647,258 Total General Assets 32,021,886 Assets Held to Cover Linked Liabilities 106,573,549 PI 38,595,435 ROSE INSURANCE COMPANY FINANCIAL STATEMENT ASSETS Cash and cash equivalents (Note 4) P 2,177,119,101 Insurance receivables (Note 26) Financial assets (Note 5) 133,720,939 Financial assets at fair value through profit or loss (FVPL) 60,091,263,262 Available-for-sale financial assets 42,348,896,307 Loans and receivables 10,508,989,111 Accrued income (Note 7) 379,787,097 Reinsurance assets (Note 13)…

QS 16-17 (Algo) Computing financing cash outflows LO P3 A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accumulated depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable ces Total current liabilities Notes payable (long-term) Total liabilities Equity 2021 2020 $ 72,900 31,300 $ 18,100 38,400 65,600 72,100 4,000 3,300 131,900 173,800 80,600 (12,500) $ 241,900 $ 11,400 93,500 (7,100) $ 218,300 $ 16,100 6,800 3,800 1,200 2,100 19,400 22,000 24,800 55,800 44,200 77,800 170,300 27,400 134,800 5,700 Total liabilities and equity $ 241,900 $ 218,300 CRUZ, INCORPORATED Income Statement Common stock, $5 par value Retained earnings For Year Ended December 31, 2021 $ 373,800 240,600 Sales Cost of goods sold Gross profit Operating expenses (excluding…

Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 Skip to question   [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets At June 30 2021 2020 Assets     Cash $ 97,900 $ 60,000 Accounts receivable, net 89,000 67,000 Inventory 79,800 110,500 Prepaid expenses 6,000 8,600 Total current assets 272,700 246,100 Equipment 140,000 131,000 Accumulated depreciation—Equipment (35,000) (17,000) Total assets $ 377,700 $ 360,100 Liabilities and Equity     Accounts payable $ 41,000 $ 54,000 Wages payable 7,600 18,200 Income taxes payable 5,000 7,000 Total current liabilities 53,600 79,200 Notes payable (long term) 46,000 76,000 Total liabilities 99,600 155,200 Equity     Common stock, $5 par value 252,000 176,000 Retained earnings 26,100 28,900 Total liabilities and equity $ 377,700 $…

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P9-1

Problem 21-9 (Algo) Cash flows from operating activities (direct method and indirect method)—cash equivalent [LO21-3, 21-4] Skip to question   [The following information applies to the questions displayed below.]Portions of the financial statements for Hawkeye Company are provided below.  HAWKEYE COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales       $ 950     Cost of goods sold         375     Gross margin         575     Operating expenses:               Salaries $ 237           Depreciation   195           Loss on sale of land   14           Total operating expenses         446     Operating income         129     Other income (expense):               Gain on sale of cash equivalents         4     Interest expense         (45 )   Income before tax         88     Income tax expense         44     Net income       $ 44         HAWKEYE COMPANY Selected Accounts from Comparative Balance Sheets December…