Cash to Monthly Cash Expenses RatioAmicus Therapeutics, Inc., is a biopharmaceutical company that develops drugs for the treatment of various diseases, including Parkinson'sdisease. Amicus Therapeutics reported the following financial data (in thousands) for three recent years:For Years Ended December 31Year 1Year 3Year 2Cash and cash equivalents$69,485$24,074$43,640Net cash flows from operations(100,139)(51,669)(45,794)a. Determine the monthly cash expenses for Year 3, Year 2, and Year 1 (in thousands). Round to one decimal place.Year 3:per monthYear 2:per monthper monthYear 1:b. Determine the ratio of cash to monthly cash expenses for Year 3, Year 2, and Year 1 as of December 31. Round to one decimal place.monthsYear 3:monthsYear 2:monthsYear 1:

Answered: Cash to Monthly Cash Expenses Ratio…

Survey of Accounting (Accounting I)

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ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 5.2.3MBA: Ratio of cash to monthly cash expenses Pacira Pharmaceuticals Inc. (PCRX) Develops, produces, and...

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Ratio of cash to monthly cash expenses AcelRx Pharmaceuticals, Inc. (ACRX), Develops therapies for pain relief for a variety of patients. including cancer and trauma patients. The following data (in thousands) were adapted from financial statements of a recent year. AceIRx had negative cash flows from operations for the past seven years. yet cash, cash equivalents, and short-term insvstments are $75,350 ($60,038 + $15,312). how could this have happened?
Ratio of cash to monthly cash expenses Pacira Pharmaceuticals Inc. (PCRX) Develops, produces, and sells products used in hospitals and surgery centers. The following data (in thousands) were adapted from recent financial statements. Including short-term investments as part of cash and cash equivalents, compute the ratio of cash to monthly cash expenses for Years 1 and 2. Round to one decimal place.
Ratio of cash to monthly cash expenses Pacira Pharmaceuticals Inc. (PCRX) Develops, produces, and sells products used in hospitals and surgery centers. The following data (in thousands) were adapted from recent financial statements. Comment on the results from parts (2) and (3).
Accounts Receivable Balance XYZ Corp sells widgets to consumers for $20 each. Its beginning accounts receivable balance was $24,975, and it sold 12,376 widgets throughout the year. The total cash collections for the year amounted to $217,750. Required: Calculate the ending accounts receivable balance.
Cash to Monthly Cash Expenses Ratio Amicus Therapeutics, Inc., is a biopharmaceutical company that develops drugs for the treatment of various diseases, including Parkinson’s disease. Amicus Therapeutics reported the following financial data (in thousands) for three recent years: For Years Ended December 31 Year 3 Year 2 Year 1 Cash and cash equivalents $11,880 $19,170 $31,820 Net cash flows from operations (26,400) (32,400) (44,400) a. Determine the monthly cash expenses for Year 3, Year 2, and Year 1 (in thousands). Year 3: $fill in the blank 1 per month Year 2: $fill in the blank 2 per month Year 1: $fill in the blank 3 per month b. Determine the ratio of cash to monthly cash expenses for Year 3, Year 2, and Year 1 as of December 31. Round to one decimal place. Year 3: fill in the blank 4 months Year 2: fill in the blank 5 months Year 1: fill in the blank 6 months
Cash to Monthly Cash Expenses Ratio El Dorado Inc. has monthly cash expenses of $ $42,000. On December 31, the cash balance is $294,000. a. Compute the ratio of cash to monthly cash expenses.fill in the blank 1 months b. At the current rate of operations, El Dorado has a specific number of months of cash remaining. El Dorado should:Begin planning on selling assets in order to remain in business.
Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $24,970 $24,386 Short-term investments (end of year) 8,280 9,410 Operating expenses 58,775 62,830 Depreciation expense 13,150 11,000 Determine the days’ cash on hand for 20Y8 and 20Y9. Assume 365 days in a year.
Made cash sales of $51,400 (example).Purchased $3,250 of additional supplies on account.Borrowed $59,000 on long-term notes.Purchased $23,600 in additional equipment, paying in cash.Incurred $39,150 in selling expenses, paying two-thirds in cash and owing the rest on account.Paid $4,750 in rent for this month, and also paid $4,750 for next month.What is the preliminary net income. keeps saying incorrect
Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $25,500 $24,250 Short-term investments (end of year) 8,270 9,460 Operating expenses 60,135 63,780 Depreciation expense 13,225 11,400 Determine the days’ cash on hand for 20Y8 and 20Y9. Assume 365 days in a year. Round all calculations to one decimal place. Days’ Cash on Hand 20Y8 days 20Y9: days
Schedule of cash payments for a service companySafeMark Financial Inc. was organized on February 28. Projected selling andadministrative expenses for each of the first three months of operations are asfollows:March 578,400April 83,500May 96,900Depreciation, insurance, and property taxes represent $10,000 of the estimatedmonthly expenses. The annual insurance premium was paid on February 28, andproperty taxes for the year will be paid in June. Seventy percent of the remainder ofthe expenses are expected to be paid in the month in which they are incurred, withthe balance to be paid in the following month.Prepare a schedule indicating cash payments for selling and administrative expensesfor March, April, and May
Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $25,500 $24,250 Short-term investments (end of year) 8,270 9,460 Operating expenses 60,135 63,780 Depreciation expense 13,225 11,400 Determine the days’ cash on hand for 20Y8 and 20Y9. Assume 365 days in a year. Round all calculations to one decimal place. Days’ Cash on Hand 20Y8: fill in the blank 1 66 days 20Y9: fill in the blank 2 days
Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $25,620 $24,544 Short-term investments (end of year) 8,300 9,490 Operating expenses 59,845 63,195 Depreciation expense 13,125 11,000 Determine the days’ cash on hand for 20Y8 and 20Y9. Assume 365 days in a year. Days’ Cash on Hand 20Y8: days 20Y9: days

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