Merill Company manufactures SIM cards for cell phones. Based on the following information, what are the company's free cash flows to the firm (FCFF) for the year ended December 31, Year 7? December 31 Year 7 Year 6 Cash $16,04 $13,704 Net operating working capital $6,928 $6,384 Net long-term operating assets $9,160 $7,720 Net nonoperating obligations (NNO) $2,056 $1,640 Net operating profit after tax (NOPAT) $4,896 $4,392 Discount factor 5.0% 5.0%
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Merill Company manufactures SIM cards for cell phones. Based on the following information, what are the company's
|
December 31 |
Year 7 |
Year 6 |
|
Cash |
$16,04 |
$13,704 |
|
Net operating working capital |
$6,928 |
$6,384 |
|
Net long-term operating assets |
$9,160 |
$7,720 |
|
Net nonoperating obligations (NNO) |
$2,056 |
$1,640 |
|
|
$4,896 |
$4,392 |
|
Discount factor |
5.0% |
5.0% |
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- A business has the following transactions: A. The business is started by receiving cash from an investor in exchange for common stock $10,000. B. Rent of $1,250 is paid for the first month. C. Office supplies are purchased for $375. D. Services worth $3,450 are performed. Cash is received for half. E. Customers pay $1,250 for services to be performed next month. F. $6,000 is paid for a one year insurance policy. G. We receive 25% of the money owed by customers in D. H. A customer has placed an order for $475 of services to be done this coming week. How much total revenue does the company have?When a company buys equipment for $161,000 and pays for one half in cash and the other one half is financed by a note payable, which of the following are the effects on the accounting equation? a. Total assets increase $161,000 b. Total liabilities increase $161,000 c. Total liabilities decrease $80,500 d. Total assets increase $80,500ABC Turbine Corporation produces and sells turbine generators for such applications as charging electric, hybrid vehicles. ABC Turbine report following financial data for a recent year (in thousands ) Net cash flows from operating activities xi(1, 680) Cash and cash equivalents 4,060 a. Determine the monthly cash expenses thousands b. Determine the ratio of cash to monthly cash expenses months . Based on your analysis, do you believe that ABC Turbine will remain in business?
- The following are balance sheet accounts for ABC Event Company for end of year. Please note that the company paid $2,500 in cash for the equipment and financed the remaining $6500 with a loan from the bank. Accounts Payable $6,500 Accounts Receivable $4,800 Cash $1,500 Equipment $9,000 Equipment Software $500 Notes Payable - $6500 Owners Equity ???? What would a balance sheet for ABC Event Company look like?Capstone Turbine Corporation produces and sells turbine generators for such applications as charging electric, hybrid vehicles. Capstone Turbine reported the following financial data for a recent year (in thousands): Net cash flows from operating activities $(23,018) Cash and cash equivalents 32,221 a. Determine the monthly cash expenses. Round to one decimal place.b. Determine the ratio of cash to monthly cash expenses. Round to one decimal place.c. Based on your analysis, do you believe that Capstone Turbine will remainin business?Corp. open up a business with an investment of P50,300 on November 1, 2022 from his saving account to a business checking account and made payment for a small space month-rent, P20,000 and merchandise for presentation worth P20,000. During the operating month, the business incurred various expenses, P7,500 of which 25% remains to be paid next month. Mr. Hamon made all sales deposits directly to the bank and paid wages during the month amounting to P55,000 and P15,000, respectively. At the end of the month, a total of P3,250 for the water, electric and phone consumption bills were received but did not immediately pay it. At this point, the balance of business checking account increased to P43,200.How much is the November 30 Owner’s Equity balance if Mr. Hamon was able to withdraw cash during for the purchase of merchandise for trading amounting to P15,000?
- 3. LeAnne Company had the ff transaction during 2021: • Sales of 9000 on account Collected 4000 for services to be performed Paid 260 cash in salaries Purchased airline tickets for 500 in Dec. for a trip to take place in 2022 What is the company's 2021 net income using cash basis accounting?The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the year ended December 31, 2011:Cash and cash equivalents, Jan. 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 35,800Cash and cash equivalents, Dec. 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74,800Cash paid to acquire plant assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,000Proceeds from short-term borrowing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000Loans made to borrowers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000Collections on loans (excluding interest) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000Interest and dividends received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,000Cash received from customers . . . . . . . . . . . . . . . . . .…Prepare a statement of cash flow for Maligaya Enterprise for the month ended November 30, 2021.Given were the following data:Operating expenses P 250,000 Additional investment by owner. P175,000 Payment to suppliers P160,000 Loan from bank. P280,000 Partial Payment of bank loan. P25,000 Collection from customers. P212,500 Payment of dividends. P20,000 Decrease in office equipment. P160,000
- Mr. Juan Lopez launched Lopez Fiesta Mart on December 1, 2022 with a cash investment of ₱220,000. The following are additional transactions for the month: 2 Mr. Lopez invested equipment for the business worth ₱30,000. 3 Bought supplies on account for ₱12,600. 4 Acquired a service vehicle costing ₱75,000. A payment of ₱33,000 cash was made and a promissory note was given for the remainder, payable for 6 equal monthly installment. 5 Purchased merchandise from JKL Enterprises ₱45,500, Term, 3/20, n/30. 8 Paid ₱1,200 delivery charge for December 5 purchase. 10 Sold merchandise on account ₱37,000, Term, 3/10, n/30. Cost of Merchandise, ₱25,000. 11 Paid ₱700 freight for December 10 transaction. 13 Returned defective merchandise to JKL Enterprises amounting to ₱8,500. 15 Paid salaries, ₱12,300 16 Signed a promissory note for ₱25,000 loaned amount from Commonwealth Bank. 17 Received returned merchandise from customers on December 10, ₱4,000. 18 Paid…Goodwin Bike’s began operations in April 2022 and had the following transactions. Owner invested $120,000 cash and a truck worth $36,000 in exchange for stock. Paid $84,000 cash for 6 months’ rent. Purchased $300,000 of bicycle inventory on credit. Sold bicycles for cash of $507,000. The cost of the bikes sold was $180,000. Sold and invoiced bicycles to a client for $95,400. The cost of the bikes sold was $48,000. Paid $90,000 cash for an advertising campaign in connection with Tour de France. The campaign will run over the next two of months. Paid $24,000 in cash for supplies to have on hand for bike repairs. Collected $60,000 from accounts receivable. Paid for bikes purchased on credit in Transaction c Paid cash dividends of $3,000. Received $6,000 cash from a customer as a deposit for a custom bicycle to be built. Required: Record each transaction a) through k) in the financial statements’ effects template – A. At the end of April, the following information is available:…XYZ Holdings is a company that purchases widgets from Company ABC. This is their first year of operations. The accounts for the financial year ending 30 June 2021 are as follows: Sales 100,000 Accounts receivable 80,000 Drawings 20,000 Building 20,000 Bank loan, due 30 June 2030 100,000 Cost of sales 50,000 Accumulated depreciation - Building 10,000 Cash 60,000 Wages 15,000 Opening retained profit 0 Electricity 500 Capital 50,000 Property, plant and equipment 20,000 Depreciation 12,000 Accounts payable 30,000 Accumulated depreciation - Property, plant and equipment 2,000 Accrued expenses 500 Interest expense 5,000 Insurance expense 10,000 Closing retained profit ??? Required: Prepare an income statement in the Excel template in the 'Income Statement' tab on the LMS, upload your worksheet. Ignore GST and taxes.
