Cash Accumulated Distributions E&P Beginning (All on Last Day of Year) Dividend Return of of Year Current E &P Income Capital ($200,000) $ 70,000 $130,000 a. b. 150,000 (120,000) 70,000 210,000 C. d. 90,000 150,000 120,000 (60,000) 130,000 Same as part (d), except that the distribution of $130,000 is made on June 30 and the corporation uses the calendar year for tax purposes. е.

Cash Accumulated Distributions E&P Beginning (All on Last Day of Year) Dividend Return of of Year Current E &P Income Capital ($200,000) $ 70,000 $130,000 a. b. 150,000 (120,000) 70,000 210,000 C. d. 90,000 150,000 120,000 (60,000) 130,000 Same as part (d), except that the distribution of $130,000 is made on June 30 and the corporation uses the calendar year for tax purposes. е.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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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 328,500 431,139.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,349.00 Interest expense 40,500 41,741.00 Inventories 279,000 288,000 Long-term debt 337,728.00 398,725.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,280.00 Retained earnings 306,000 342,000 Sales 639,000 847,106.00 Taxes 24,750 48,618.00 What is the current year's return on assets (ROA)? (Round to 4 decimal places.)
Computational (Show your computations. Round off as follows: e.g. ₩10.64=> ₩11, 0.123456 => 12.35%, 2.4321 => 2.43) . KG Co. had total assets of ₩1,200,000, total liabilities of ₩500,000, and retainedearnings of ₩300,000 at the beginning of 20x1. For the year, the corporationdeclared cash dividends of ₩50,000. At the end of the year, the company hadtotal assets of ₩1,400,000 and showed the debt ratio of 0.4. The company hadno accumulated other comprehensive income.1) Compute the total stockholders’ equity at the end of 20x1. 2) Compute KG’s net profit for 20x1, assuming no change in contributed capitalduring the year
Tater and Pepper Corp. reported free cash flows for 2021 of $53.1 million and investment in operating capital of $36.1 million. Tater and Pepper incurred $15.0 million in depreciation expense and paid $25.7 million in taxes on EBIT in 2021. Calculate Tater and Pepper’s 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.) EBIT = $_______million
A company has the following extract from a statement of financial position. 20X7 20X6 $'000 $'000 Share capital 2,000 1,000 Share premium 500 – Loan stock 750 1,000 What is the cash flow from financing activities for the year? A $1,250 inflow B $1,750 inflow C $1,750 outflow D $1,250 outflow
The following items involve the cash flow activities of Prizzie Company for 2016:UVI Online ACC 3010 Mid-term Assessment 4Net Income $162,000Payment of Dividends $25,0001,000 shares of stock issued at $20 par $20,000Amortization Expense on patents $7,000Plant assets acquired at a cost of $75,000Accounts Receivable Increase of $9,000Accounts Payable Decrease of $10,000Salaries Payable Increase of $6,500Beginning Cash Balance $18,000Required: Prepare the statement of cash flows of Prizzie Company for 2016 using theindirect method.
Problem BPeter Senen Corporation provided the following account balances as of September 30, 2020: CashP112,000 Accumulated depreciationP 36,000Accounts Receivable64,000Accounts payable 40,000Finished Goods48,000Income tax payable9,000Work in process 36,000 Share Capital500,000Raw materials 52,000 Retained Earnings207,000Property and Equipment480,000The following transactions occurred during October:1. Materials purchased on account, P150,0002. Materials issued to production: direct materials- P90,000, Indirect materials- P10,000.3. Payroll for the month of October 2020 consisted of the following (also paid during the month):Direct labor P62,000Administrative salariesP16,000Indirect Labor 20,000Sales salaries 30,000Payroll deductions were as follows:Withholding taxes P19,800Phil health contributions P2,000SSS contributions 7,100HDMF contributions 2,0004. Employer contributions for the month were accrued:FactorySellingAdministrativeSSS contributionsP5,700P2,000P1,100Philhealth…
Tater and Pepper Corp. reported free cash flows for 2021 of $52.1 million and investment in operating capital of $35.1 million. Tater and Pepper incurred $14.9 million in depreciation expense and paid $25.5 million in taxes on EBIT in 2021. Calculate Tater and Pepper’s 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.)
Cash conversion cycle: Company X reported the following information for the last fiscalyear. COMPANY X Assets As of Liabilities and Equity 12/31/2021 Inventories USD 200 000 Accounts Receivable 180 000 Borrowings USD 190 000 Cash and financial assets 25 000 Accounts payable and 200 000 available for sale accruals Other current assets 18 000 Total current assets USD 423 000 Total current liabilities USD 390 000 Fixed Assets 500 000 Long-term debt 150 000 Equity 383 000 Total Assets USD 923 000 Total Liabilities & USD 923 000 Equities Net sales (credit) USD 800 000 Cost of goods sold 380 000 a. Calculate the firm’s cash conversion cycle and operating cycles b. What is the financing strategy of Company X? Aggressive or conservative? Is the strategyalready proper enough for the company? Please give your recommendation for them!
Assume a company’s balance sheet showed beginning and ending balances in the Long-Term Investments account of $1,100,000 and $900,000, respectively. The company sold a long-term investment that cost $300,000 and recorded a gain on this sale of $35,000. Based solely on the information provided, the company’s net cash provided by (used in) investing activities would be: Multiple Choice $200,000. $300,000. $235,000. $335,000.
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A pro-forma balance sheet shows that the TOTAL ASSETS amounted to P3,125,900; Current Liabilities = P790,350; Non-current Liabilities = P150,000; Common Stock = P1,085,000. Retained earnings from the previous year amounted to P475,000. The Pro-forma income statement shows a net income amounting to P825,000. Dividend payout ratio = 19.5%. Compute for the EFN (external financing needed) or Extra Fund.