What is the operating cash flow in 2018? What is the change of working capital in 2018? What is the capital spending in 2018?
Q: . Dale Company, which applies overhead at the rate of 190% of direct labor cost, began work on job n...
A: Total Applied overhead = Direct Labor cost x Overhead rate
Q: 2. When interest expense is calculated using the effective-interest amortization method, interest ...
A: Solution Note : Dear student as per the Q&A guideline we are required to answer the first questi...
Q: Taehyung Company provided the following data: On January 1, the company’s account receivable and acc...
A: Accrual basis: Under accrual basis accounting, revenue and expenses are recognized when they are inc...
Q: Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, t...
A: Answer - Part 4 - Calculation of New Selling Price - Variable cost per unit ( $15 + $3) = $18 per ...
Q: Note: This case is based on an actual situation.) tan Sewell paid $50 000 for a franchise that entit...
A: 1 The capitalization of the franchise's market worth is immoral in this case. Even though the value ...
Q: Yeontan Company is engaged in a small export business. The company maintain limited records. Most of...
A: Net Purchases = Cash purchases + Cash payment to trade creditors - Decrease in Accounts payable - De...
Q: lassify information (1-5) according to its nature (e.g., physical, oral, documentary or evidence ge...
A: solution concept let us understand the type of information by its nature Physical The informat...
Q: View Policies Current Attempt in Progress On November 1, 2021, Golden Valley Inc. accepted a three-m...
A: >Note receivables are the current asset. >It can be accepted in case of: --when goods ...
Q: Below are Madrid.’s transactions for the third quarter: · Payment of quick response insurance...
A: INTERIM REPORTING Integral view - Allocations is allowed and justified Insurance expense Property...
Q: oss on Sale- 900,000 • Payment of fire insurance premium for calendar year 2021- 400,000 • ...
A: Solution: Determination of the net income or loss for any quarter is based on revenues or expenses w...
Q: The company's net income and the year-end balance in the retained earnings account are, respectively...
A: company net income = Revenue less expenses during the year = 43...
Q: Should public companies be allowed topublish any non-GAAP performance metrics?Why or why not?
A: GAAP, or generally accepted accounting principles, are accounting standards that cover the complexit...
Q: Osprey Cycles, Inc. projected sales of 50,212 bicycles for the year. The estimated January 1 invento...
A: Budgeted production estimates the number of units to be manufactured based on Budgeted opening and c...
Q: Ernst Company experienced the following changes in selected accounts for the current year: · ...
A: Cash basis accounting: In cash basis accounting , revenue are recognized when payment is received an...
Q: On July 1, 2022, BTS Company purchased a machinery from a dealer paying P2,310,000 cash. In addition...
A: Purchase cost = P2,310,000 Transportation cost = P150,000
Q: Use the following information for the next four questions: GULOSITY GREEDINESS Co. reported profits ...
A: Solution Note : Dear student as per the Q&A guideline we are required to answer the first three ...
Q: n June 30, 2021, Line Company incurred a P100,000 net loss from disposal of a business segment. Also...
A: Solution: Determination of net income or loss for the six-month interim period is based on the incom...
Q: An electronic balance costs BD9,000 and has an estimated salvage value of BD800 at the end of its 10...
A: Double Declining Balance Method Rate=Straight line Method Rate×2
Q: Looking for cost savings in administrative areas, the vice-president for human resources at McMahon ...
A: Partial labour Productivity is measure related to total output at single input labour hour.
Q: INCOME STATEMENT JUST STUFF, INC. FOR THE YEARS ENDED DEC. 31 2019 & 2020 2020 P2200.000 2019 Sales ...
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or str...
Q: Crispin Santos started a retail merchandise business on January 1, 2021. During the year ended Decem...
A: Purchases means where the goods has been purchased for the resale purpose. Gross purchases means whe...
Q: Lilo started operating a service proprietorship on April 1, 2021 with an initial cash investment of ...
A: Introduction:- Cash basis accounting:- Under this method. revenues recognized when cash is received,...
Q: Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpe...
A: under perpetual inventory system estimation of of inventory based on electronic record is done not o...
Q: ABC Enterprises is a multi-divisional firm that makes and sells personal protective equipment to hea...
A: Introduction:- ABC Enterprises is a multi-divisional corporation that manufactures and distributes p...
Q: What is the operating cash flow in 2015? What is the change of working capital in 2015? What is the ...
A: Cash flow statement (CFS) is a financial statement which shows the flows of cash and cash equivalent...
Q: Answer
A: Annual Percentage Rate is the full cost of borrowing from a bank or financial institution over the c...
Q: ABC Company acquired a fire insurance on Nov. 1, 2021. The company paid P12,000 for the said annual ...
A: The prepaid expenses are the expenses paid but not due yet for payment. These are recorded as curren...
Q: 1 Homework Chapter 3 Saved Help Save & Exit 4 Consider the following situations for Shocker 1. On No...
A: Assets = Liabilities + Stockholders Equity Deferred revenue is a liability . Prepaid advertising is...
Q: A3 Explain any Four (4) reasons why net Income figure is considered inadequate to determine the valu...
A:
Q: On April 1, Year 1, Greenway Corporation issues $20 million of 10%, 20-year bonds payable at par. In...
A: Bonds means an instrument issued by company acknowledging the debt due from company to bond holder. ...
Q: Redemption of Bonds Payable An $800,000 bond issue on which there is an unamortized premium of $57,0...
A: A BOND is a type of securities issued by company. These are type of loan that are taken. A bond ...
Q: döčument authorizing the issuance of materials from the storeroom is the: materials requisition b. p...
A: A materials requisition form is a document that is used to request materials for manufacturing proc...
Q: Dexter Industries purchased packaging equipment on January 8 for $219,800. The equipment was expecte...
A: DDB 1/4*2= 50% in year 4 the depreciation cannot exceed the salvage value
Q: The assets and liabilities of Rocky's Day Spa at December 31 and expenses for the year are listed be...
A: Net Income for the year = Fees earned - Total expenses Fees earned = Net Income for the year +Total ...
Q: 6. When the current year's ending inventory amount is overstated, the a. current year's cost of good...
A: Since, there are multiple questions posted we will answer the first question for you as per the guid...
Q: Upper Limit on Misstatements Calculations: Monetary Unit Sampling. Clyde Billy isconducting the audi...
A: Disclaimer:- “Since you have posted a question with multiple sub-parts, we will solve first three su...
Q: For the current year, Work-From-Home Company received a donation of 3,000 shares with a par value of...
A: As per PFRS Treasury stock and a gain or revenue account are increased by the market value of the st...
Q: For each of the following, record the adjusting entry on December 31 (record debit/credit to which a...
A: Adjusting entries are made in the books at the year end .Since the books are maintained on accrual b...
Q: For the current year, Spiderman Company received a donation of 3,000 shares with a par value of P20 ...
A: Shareholders Equity: Shareholders' equity (also known as corporate net worth) is a measure of how mu...
Q: Use the following information to prepare, in good form, an income statement, a statement of changes ...
A: An income statement is a statement that shows the income and expenses of a company. It also shows w...
Q: The company issues a note to an entity to borrow cash for five years and will pay $500,000 to the en...
A: Face value (FV) = $500,000 Period (n) = 5 Years Interest rate (r) = 4%
Q: Davis Corporation uses the weighted-average method in its process costing system. This month, the be...
A: Introduction:- The sum of material costs for the initial work in progress inventory plus the cost of...
Q: Required – Prepare the adjusting entries required for the cash account. Calculate the adjusted balan...
A: Journal entries is a tool for recording business transactions into accounting records. A bank reconc...
Q: RSV Co reports only current assets and current liabilities on its balance sheet. Property, plant and...
A: Accounting Assumptions - There are 3 basic assumptions of accounting these are - 1. Accrual 2. Going...
Q: Artwork Inc.'s financial reporting year ends June 30 and it reports quarterly. This means that the f...
A: Tax Expenses: It is the sum of all taxes payable by a person, company, or other organisation to the ...
Q: Henson company had determined the 2019 and 2020 net income to be 4,000,000 and 5,000,000 respectivel...
A: Net income is total earning of a firm that is obtained by sales-cost of goods sold ,operating expens...
Q: The following data relate to store equipment of ABC Company for 2021: · Store Equipment at co...
A: Ending accumulated depreciation = Opening balance + depreciation expense for the period - accumulate...
Q: Average Cost per Unit $6.55 Direct materials Direct labor Variable manufacturing overhead Fixed manu...
A: Variable cost: Variable cost means cost which vary with the every units. It increases/decreases with...
Q: At the 2019 international meeting of business leaders, Michael Owusu said that multi-jurisdictional ...
A: Corporate Governance is an important characteristic feature to be followed by all the companies for ...
Q: 4.) Mr. Ali has been in business for some years. The following trial balance has been extracted from...
A: Financial statement is prepared from the trial balance which include :- Profit and loss and oth...
- What is the operating
cash flow in 2018? - What is the change of
working capital in 2018? - What is the capital spending in 2018?
- What is the
free cash flow in 2018? - 5. What is the cash flow to creditors in 2018? f. What is the cash flow to stockholders in 2018?
Step by step
Solved in 5 steps with 3 images
- SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…
- SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…
- SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…Comparative statement of financial position of Alpha Sdn Bhd as at 31 December 2023 and 2022 are as following: 2023 2022 RM million RM million Cash at bank 108.5 50.4 Accounts receivable (less: provision for doubtful debts) 393.0 219.0 Inventories 84.0 134.4 585.5 403.8 Plant and equipment (NBV) 475.6 364.8 Investment in government securities 33.6 33.6 509.2 398.4 Total assets 1,094.7 802.2 Ordinary shares 530.0 290.0 180 million 10% Preference shares 180.0 180.0 Retained earnings 105.0 73.5 815.0 543.5 Accounts payable 205.9 197.8 Tax payable 15.0 10.0 Deferred taxation 37.8 50.9 10% Debentures 21.0…
- Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).Orbit Limited : Statement of Financial Position as at 31 December 2022 2021 Non-current Assets R11 810 000 R7 560 000 Property, Plant, Equipment R10 025 000 R6 250 000 Investments R1 785 000 R1 310 000 Current Assets R4 190 000 R4 690 000 Inventories R 1 875 000 R2 350 000 Account Receivable R1 925 000 R2 200 000 Cash R390 000 R140 000 Toatal Assets R16 000 000 R12 250 000 Equities & Liabilities Equity ? ? Oridanary share capital R5 480 000 R3 680 000 Retained earnings ? ? Non-current Liabilities R4 500 000 R3 800 000 Loan (20% p.a) R4 500 000 R3 800 000 Current Liabilities R2 300 000 R1 500 000 Accounts payable? R2 300 000 R1 500 000 Calculate the increase in the retained earnings over the two-year period.