2020 2019 Net profit for the year 1200 1100 Depreciation for the financial year 80 70 Accumulated depreciation 400 320 Fixed asset impairment reversal gains 50 20 Profits for the sale of fixed assets 100 50 Based on the above information, the cash flow of 2020 before changes in working capital accounts is?
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|
|
2020 |
2019 |
|
Net profit for the year |
1200 |
1100 |
|
|
80 |
70 |
|
|
400 |
320 |
|
Fixed asset impairment reversal gains |
50 |
20 |
|
Profits for the sale of fixed assets |
100 |
50 |
Based on the above information, the cash flow of 2020 before changes in
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- Estimate the average total estimated useful life of depreciable property, plant, and equipment. Starbucks reports 580.6 million of depreciation and amortization in the statement of cash flows, of which 4.5 million relates to amortization of limited-life intangible assets. Does the estimate reconcile with stated accounting policy on useful lives for property, plant, and equipment? Explain.2020 2019 2018 $,000 $,000 $,000 EBIT -741,819 734,312 1,038,864 Depreciation 606,975 485,625 467,050 Tax 129,735 196,548 208,948 Operating Cash Flow -264,579 1,023,389 1,296,966 New fixed assets 14,836,508 14,884,523 14,986,813 Old fixed assets 14,884,523 14,986,813 14,236,644 Depreciation 606,975 485,625 467,050 Net Capital Spending 558,960 383,335 1,217,219 New current assets 10,347,686 6,922,405 6,504,962 Old current assets 6,922,405 6,504,962 7,898,431 New current liability 4,964,164 2,913,926 3,120,099 Old current liabilaty 2,913,926 3,120,099 3,485,129 Change in Net Working Capital 1,375,043 623,616 -1,028,439 Cash Flow From Assets -2,198,582 16,438 1,108,186 Briefly comment the free cash flow of this companyNet income for Inkaleb Inc. for 2020 includes the effect of the following transactions involving the sale of fixed assets. Asset Sales Price Cost Gain (Loss)X P20,000 P 80,000 P 10,000Y 25,000 150,000 (18,000)Purchases of fixed assets during 2020 amounted to P340,000. The Accumulated Depreciation account increased P40,000 during 2020. How much is the depreciation expense for 2020?
- The actual carrying of an asset is R650 000 on 1 Jan 2020. Depreciation for the 2020 Financial year amounts to R50 000. The historical carrying amount on 1 January 2020 amounts to R400 000 and the historical depreciation for the 2020 Financial year is R15 000. On 31 December 2020 the asset has a FV of R750 000. What is the amount that will be transferred from the revaluation reserve to retained earning ?2021 2020 Net profit for the year 2300 2150 RECEIPTS FROM GRANTS FOR THE FINANCIAL YEAR 800 300 Revenue from grants for the financial year 200 150 Profit on the sale of fixed assets and investments in the financial year 400 0 Staff compensation provisions 250 200 Loss on impairment of fixed assets for use 400 100 Depreciation for use 500 450 Other operating costs 2200 2100 Total operating expenses 3350 2850 Taking into account that the income and expenses of the year are realized either in cash or with short-term credit, the working capital created or consumed during the fiscal year 2021 by the operating activity is;The following information is available for a potential investment for Panda Company: Initial investment $105000 Net annual cash inflow 20000 Net present value 42150 Salvage value 10000 Useful life 10 yrs. The potential investment’s profitability index is A. 2.49. B. 3.44. C. 5.25. D. 1.40.
- Help please The following details relate to a particular asset Future Cash flows (per annum) 90,000 Expected period of cash flows 3 years Discount Rate 10% Open market price of asset 210,000 Cost of asset 630,000 Accumulated depreciation 450,000 Calculate both : a)determine the recoverable amount for this asset b)Determine whether the asset is impairedBalance sheet extracts as at 31/12/2019 & 31/12/2020 2019(RO) 2020(RO) Current assets Inventories 6500 4500 Account receivables 3400 5300 Prepaid Expenses 1220 1550 Current liabilities Account payables 4320 3450 Expense payables 3100 4700 The operating profit for 2020 was RO 22500 and the depreciation for the year was RO7650 The profit on sale of fixed assets RO 4200 . Amortisation of intangible assets OMR 550. Calculate cash flow from operating activityThe actual carrying of an asset is R650 000 on 1 January 2020. Depreciation for the 2020 Financial year amounts to R50 000. The historical carrying amount on 1 January 2020 amounts to R400 000 and the historical depreciation for the 2020 Financial year is R15 000. On 31 Dec 2020 the asset has a Future value of R750 000. What is the amount of the revaluation that will be taken to Other comprehensive income?
- 29. Analyzing Fixed Assets Pitt reported the following information for 2021 and 2022: 2021 2022 Property, plant, and equipment, cost $550,000 $ 550,000 Accumulated depreciation 170,000 220,000 Net sales 4,600,000 Depreciation expense 50,000 Required: Compute Pitt's tangible capital asset turnover ratio and the average age of tangible depreciable capital assets. Round "Tangible Capital Asset Turnover" to two decimal places and "Average Age of Tangible Depreciable Capital Asset" to one decimal place.What's the forecasted capital expenditure based on the information below? -Net PP&E beginning of period = 4200-Net PP&E end of period = 6800-Depreciation expenses = 900 a. 5900b. 1700c. 3500d. 2600Part One: 2018: 31.57% 2019: 24.88% 2020: 25.53% 2021:15.09% 2022:16.03% Based on your analysis from Part One, which of the following transactions and events would result in a deterioration in Return on Equity in year 2020? A) the cash sale of a non-current asset for a profit B) a payment of income tax owing from the previous period C) recognising the impairment of plant & equipment D) A and B only E) A and C only F) B and C only G) All of the above H) None of the above
