Balance Sheet3-Dudes, Inc.Liabilities & Owners' Equity:Assets:20212022$22,000 $18,000$26,000 $30,000$28,000 $31,000$76,000 $79,0002022$45,000$220,000 $195,000Notes Pay$27,000$292,000 $246,000Total CL2021Cash$21,000Accts PayAccts. Rec.$30,000Other CLInventoriesTotal CA$600,000 $570,000LT Debt-$210,000 -$190,000Total Liab$390,000 $380,000$285,000 $250,000$361,000 $329,000PP&EDepreciationNet PP&E$80,000 $80,000Equity$626,000Ret Earn.Total equityTotal Liab+EQ$241,000 $217,000$321,000 $297,000$682,000 $626,000Total Assets$682,000Simplified Income Statement - 20223-Dudes, Inc$1,200,000-$470,000$730,000RevenueCost of Goods SoldGross ProfitOperating Expenses (G&A):Earnings before interest and taxes (EBIT)Interest charges:Earnings before taxes (EBT)Taxes-$260,000$470,000-$28,000$442,000-$132,600$309,400Net Income 2. Calculate change in cash flow from investingChange in PP&E(+ or - on how benefits cash)CFI

Question
Asked Dec 12, 2019
6 views
Balance Sheet
3-Dudes, Inc.
Liabilities & Owners' Equity:
Assets:
2021
2022
$22,000 $18,000
$26,000 $30,000
$28,000 $31,000
$76,000 $79,000
2022
$45,000
$220,000 $195,000Notes Pay
$27,000
$292,000 $246,000Total CL
2021
Cash
$21,000Accts Pay
Accts. Rec.
$30,000Other CL
Inventories
Total CA
$600,000 $570,000LT Debt
-$210,000 -$190,000Total Liab
$390,000 $380,000
$285,000 $250,000
$361,000 $329,000
PP&E
Depreciation
Net PP&E
$80,000 $80,000
Equity
$626,000Ret Earn.
Total equity
Total Liab+EQ
$241,000 $217,000
$321,000 $297,000
$682,000 $626,000
Total Assets
$682,000
Simplified Income Statement - 2022
3-Dudes, Inc
$1,200,000
-$470,000
$730,000
Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses (G&A):
Earnings before interest and taxes (EBIT)
Interest charges:
Earnings before taxes (EBT)
Taxes
-$260,000
$470,000
-$28,000
$442,000
-$132,600
$309,400
Net Income
help_outline

Image Transcriptionclose

Balance Sheet 3-Dudes, Inc. Liabilities & Owners' Equity: Assets: 2021 2022 $22,000 $18,000 $26,000 $30,000 $28,000 $31,000 $76,000 $79,000 2022 $45,000 $220,000 $195,000Notes Pay $27,000 $292,000 $246,000Total CL 2021 Cash $21,000Accts Pay Accts. Rec. $30,000Other CL Inventories Total CA $600,000 $570,000LT Debt -$210,000 -$190,000Total Liab $390,000 $380,000 $285,000 $250,000 $361,000 $329,000 PP&E Depreciation Net PP&E $80,000 $80,000 Equity $626,000Ret Earn. Total equity Total Liab+EQ $241,000 $217,000 $321,000 $297,000 $682,000 $626,000 Total Assets $682,000 Simplified Income Statement - 2022 3-Dudes, Inc $1,200,000 -$470,000 $730,000 Revenue Cost of Goods Sold Gross Profit Operating Expenses (G&A): Earnings before interest and taxes (EBIT) Interest charges: Earnings before taxes (EBT) Taxes -$260,000 $470,000 -$28,000 $442,000 -$132,600 $309,400 Net Income

fullscreen
2. Calculate change in cash flow from investing
Change in PP&E
(+ or - on how benefits cash)
CFI
help_outline

Image Transcriptionclose

2. Calculate change in cash flow from investing Change in PP&E (+ or - on how benefits cash) CFI

fullscreen
check_circle

Expert Answer

Step 1

Cash flow from investing activity gives the details of change in cash flows due to the purch...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.

Related Finance Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: Find the present value and the compound discount of $6 600.00 due in seven years, three months, if i...

A: It is given that,Future value is $6,600.Interest rate is 7.2% compounded quarterly. So, interest rat...

question_answer

Q: Mr. and Mrs. Davis needs to have $100,000 to start their own catering business in 15 years.  They ex...

A: Future value (FV) of the savings should be $100000.Number of years ( n ) of savings/investment is 15...

question_answer

Q: Cream of Tomato Company has the following data available.Net income = $250,000Sales = $2.5 millionTo...

A: The formula for total asset turnover is given below:

question_answer

Q: You are considering entering the shoe business. You believe that you have a narrow window for enteri...

A: Calculate the stock price after adjusting for dividend as follows:

question_answer

Q: cost of debt 8%     unlevered cost of capital 10%     systematic risk of asset 1.5     1)     ...

A: 4)d) Cost of equity is calculated after adjusting the unlevered cost of equity with the debt compone...

question_answer

Q: The present value of $500 to be received 7 years from now at an interest rate of 8percent is ? .  Th...

A: a) Present value of $500 which will be received 7 years from now at 8% can be calculated using a sim...

question_answer

Q: 1. Student graduates and is employed receiving an annual salary of $70,000. Student will receive a 5...

A: Hi, since there are multiple parts, I will answer the first part only. Please repost the question me...

question_answer

Q: Need help on all

A: The stock price generally refers to the current price of the stock at which these stocks are traded ...

question_answer

Q: critically discuss and evaluate the issues in the langtry benchmark-setting decision

A: Issues in the Langtry benchmark-setting decision:It is a case study that is developed to readers and...