Answered: End of Year Investment 1 Investment 2…

End of Year Investment 1 Investment 2 Investment 3 1 $8,000 $11,000 $9,500 2 $9,000 $10,000 $9,500 $10,000 $9,000 $9,500 4 $11,000 $8,000 $9,500 3.

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter10: Current Liabilities And Payroll

Section: Chapter Questions

Problem 10.23EX

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part 3 4 solution needed Year Net cashflows 0 -575,000 1 £125,000 2 £248,000 3 £176,000 4 £146,000
Particulars 31st Mar' 19 Amt (Rs) 31st Mar' 20 Amt (Rs) Land and Building 3600000 3600000 Cash 400000 320,000 Sundry Debtors 640000 800,000 Temporary Investments 400000 640,000 Stock 3680000 4320000 Prepaid Expenses 560000 24000 Plant and Machinery 1920000 3096000 Total Assets 11200000 12800000 Current Liabilities 1280000 1600000 Loans 3200000 3200000 Capital 4000000 4000000 Retained Earnings 936000 1624000 Statement of Profit for the Current Year 1st Apr to 31st Mar' 20 : Amt (Rs) Sales 8000000 Less: Cost of Goods Sold -5600000 Less: Interest -320000 Net Profit 2080000 Less: Taxes @ 50% -1040000 Profit after Tax 1040000 Profit Distributed 440000 Calculate Gross Profit Ratio Return on Equity
Particulars 31st Mar' 19 Amt (Rs) 31st Mar' 20 Amt (Rs) Land and Building 3600000 3600000 Cash 400000 320,000 Sundry Debtors 640000 800,000 Temporary Investments 400000 640,000 Stock 3680000 4320000 Prepaid Expenses 560000 24000 Plant and Machinery 1920000 3096000 Total Assets 11200000 12800000 Current Liabilities 1280000 1600000 Loans 3200000 3200000 Capital 4000000 4000000 Retained Earnings 936000 1624000 Statement of Profit for the Current Year 1st Apr to 31st Mar' 20 : Amt (Rs) Sales 8000000 Less: Cost of Goods Sold -5600000 Less: Interest -320000 Net Profit 2080000 Less: Taxes @ 50% -1040000 Profit after Tax 1040000 Profit Distributed 440000 Calculate Current Ratio Debtors Turnover Ratio Stock Turnover Ratio Return on Total Assets
A2 1 g Use the following information for Delta Corporation to answer question 1: Year 20X1 20X2 Net sales $1,500,000 $1,656,598 Cost of goods sold 675,000 745,469 Depreciation 270,000 298,188 Interest paid 43,600 44,000 Cash 127,500 140,811 Accounts receivable 450,000 496,980 Inventory 525,000 579,809 Net fixed assets 1,800,000 1,987,918 Accounts payable 375,000 414,150 Notes payable 45,000 50,000 Long-term debt 500,000 500,000 Common stock 1,000,000 1,000,000 Retained earnings 982,500 1,241,368 Tax rate 35% 35% Dividend payout 30% 30% Delta has 600,000 common shares outstanding. The firm is projecting a 20% increase in net sales for the coming year (20X3). Delta uses the percentage of sales approach to plan for its financing needs. In using this approach, the firm assumes that cost of goods sold, all assets (current and fixed), and accounts payable will…
Year 1 2 3 Net Income 1,500,000 1,750,000 3,800,000 Depreciation 2,000,000 2,000,000 0 Debt (beginning of the year) 10,000,000 12,000,000 15,000,000 From year 3 on the unlevered cash flow is expected to perpetually grow at 3.00% (that is, the unlevered cash flow of year 4 will be 5% higher than in year 3 and so on). The depreciation will stay equal to 0 from year 3 on, and also debt will stay perpetually at 15,000,000 starting at the beginning of year 3. The debt variations are all scheduled beforehand, hence there is no uncertainty about them. The interest rate is 2.55%, the unlevered return on equity is 7.50% and the depreciation tax shield is as risky as the company’s debt. The tax rate is 40%. a) What is the levered cash flow to equity holders in each one of the first three years? b) What is the levered value of the company’s assets?
A2 1 f Use the following information for Delta Corporation to answer question 1: Year 20X1 20X2 Net sales $1,500,000 $1,656,598 Cost of goods sold 675,000 745,469 Depreciation 270,000 298,188 Interest paid 43,600 44,000 Cash 127,500 140,811 Accounts receivable 450,000 496,980 Inventory 525,000 579,809 Net fixed assets 1,800,000 1,987,918 Accounts payable 375,000 414,150 Notes payable 45,000 50,000 Long-term debt 500,000 500,000 Common stock 1,000,000 1,000,000 Retained earnings 982,500 1,241,368 Tax rate 35% 35% Dividend payout 30% 30% Delta has 600,000 common shares outstanding. The firm is projecting a 20% increase in net sales for the coming year (20X3). Delta uses the percentage of sales approach to plan for its financing needs. In using this approach, the firm assumes that cost of goods sold, all assets (current and fixed), and accounts payable will…
Breakdown 3/30/2022 3/30/2021 3/30/2020 Operating Cash Flow 90,480,000.00 91,630,000.00 76,230,000.00 Investing Cash Flow (17,280,000.00) (15,280,000.00) 17,910,000.00 Financing Cash Flow (80,150,000.00) (93,090,000.00) (68,190,000.00) End Cash Position 11,470,000.00 18,420,000.00 32,160,000.00 Changes in Cash (6,950,000.00) (16,740,000.00) 25,950,000.00 Beginning Cash Position 18,420,000.00 32,160,000.00 6,210,000.00 Other Cash Adjustment Outside Change in Cash - 3,000,000.00 - Capital Expenditure (12,280,000.00) (41,630,000.00) (8,620,000.00) Issuance of Capital Stock - - - Issuance of Debt - 1,880,000.00 - Repayment of Debt - (1,880,000.00) - Free Cash Flow 78,200,000.00 50,000,000.00 67,610,000.00 Can you make this indirect method of cash flow into a direct method of cash flow? Please donot provide solution in image format and it should be in step by step format and asap
Company A Company B Company C Company D Company E December 31, 2019 Assets 162,000 189,000 118,125 121,500 351,000 Liabilities 101,250 135,000 67,500 74,250 ? December 31, 2020 Assets 175,500 249,750 432,000 ? 519,750 Liabilities 85,725 ? 182,250 108,000 202,500 During 2020 Net income ? 33,750 67,500 60,750 81,000 Investments 23,625 40,500 ? 81,000 0 Withdrawals 6,750 10,125 20,250 27,000 40,500 What was the owner’s equity of each of the five companies on December 31, 2019? What was the owner’s equity of each of the five companies on December 31, 2020 What was the amount of net income of Company A for 2020? How much is the liabilities owed by Company B on December 31, 2020? For Company C, calculate the amount of investments. How much is the total assets on December 31, 2020 of Company D? How much is the…
ANSWER QUICK!! JUST THE ANSWERS!! NO EXPLANATIOn 10. a)During 20X2, ABC Inc earned $200,000 in service revenue, of which $120,000 was received in cash; the balance will be collected in January 20X3. The company's 20X2 income statement should show which of the following amounts for service revenue? $320,000 $200,000 $80,000 $120,000 b)Assume that a company's financial position on January 1, 2022 was: Assets, $40,000 and Liabilities, $15,000. During January 2022, the company completed the following transactions: (a) paid a “note payable”: $4,000 (without interest); (b) received payment from his client: $4,000; (c) paid supplier debts: $2,000; (d) purchased a truck, $1,000 in cash and $8,000 in Notes Payable. What is the financial situation of the company as of January 31, 2022?Question 9 options: Assets = $44,000 Liabilities = $17,000 Equity = $27,000 Assets = $43,000 Liabilities = $18,000 Equity = $25,000 Assets = $42,000 Liabilities = $17,000 Equity = $25,000 Assets = $42,000…
A2 1 c Use the following information for Delta Corporation to answer question 1: Year 20X1 20X2 Net sales $1,500,000 $1,656,598 Cost of goods sold 675,000 745,469 Depreciation 270,000 298,188 Interest paid 43,600 44,000 Cash 127,500 140,811 Accounts receivable 450,000 496,980 Inventory 525,000 579,809 Net fixed assets 1,800,000 1,987,918 Accounts payable 375,000 414,150 Notes payable 45,000 50,000 Long-term debt 500,000 500,000 Common stock 1,000,000 1,000,000 Retained earnings 982,500 1,241,368 Tax rate 35% 35% Dividend payout 30% 30% Delta has 600,000 common shares outstanding. The firm is projecting a 20% increase in net sales for the coming year (20X3). Delta uses the percentage of sales approach to plan for its financing needs. In using this approach, the firm assumes that cost of goods sold, all assets (current and fixed), and accounts payable will…
a. (1) Current year working capital. 1,090,000 Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash 391,000 300,000 Marketable securities 515,000 354,000 Accounts and notes receivable (net) 634,000 426,000 Inventories 368,000 222,000 Prepaid expenses 182,000 138,000 Total current assets 2,090,000 1,440,000 Current liabilities: Accounts and notes payable (short-term) 725,000 600,000 Accrued liabilities 275,000 300,000 Total current liabilities 1,000,000 900,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. b. What conclusions can be drawn from these data as to the companys ability to meet its currently maturing debts?
A2 1 d Use the following information for Delta Corporation to answer question 1: Year 20X1 20X2 Net sales $1,500,000 $1,656,598 Cost of goods sold 675,000 745,469 Depreciation 270,000 298,188 Interest paid 43,600 44,000 Cash 127,500 140,811 Accounts receivable 450,000 496,980 Inventory 525,000 579,809 Net fixed assets 1,800,000 1,987,918 Accounts payable 375,000 414,150 Notes payable 45,000 50,000 Long-term debt 500,000 500,000 Common stock 1,000,000 1,000,000 Retained earnings 982,500 1,241,368 Tax rate 35% 35% Dividend payout 30% 30% Delta has 600,000 common shares outstanding. The firm is projecting a 20% increase in net sales for the coming year (20X3). Delta uses the percentage of sales approach to plan for its financing needs. In using this approach, the firm assumes that cost of goods sold, all assets (current and fixed), and accounts payable will…