Managerial Accounting: Tools for Business Decision Making 7e + WileyPLUS Registration Card
7th Edition
ISBN: 9781119036432
Author: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Publisher: Wiley (WileyPLUS Products)
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Chapter 13, Problem 13.7AP
(a)
To determine
Cash Flow Statement:
Cash Flow Statement is a fundamental financial statement that renders valuable information regarding the
The cash flow statement also provides information regarding the net cash change that occurred during a period, classifying the activities into three categories those are cash from operating activities, investing, and financing activities.
To prepare: The statement of
(b)
To determine
Free cash flow describes the net cash provided from operating activities after making required adjustments for dividends and capital expenditures. In other words, it is the cash flow arrived after making payment for capital expenditures and dividend payments.
To determine: The amount of free cash flow.
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The condensed financial statements of Marks Company for the years 2017-2018 are presented below:
Marks CompanyComparative Balance SheetsAs of December 31, 2017 and 2018
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2018
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2017
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Cash
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$404,000
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$155,000
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Accounts receivable (net)
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356,000
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300,000
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Inventories
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375,000
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339,000
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Plant and equipment
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1,830,000
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1,121,000
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Accumulated depreciation
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(260,000
)
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(193,000
)
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$2,705,000
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$1,722,000
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Accounts payable
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$339,000
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$164,000
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Dividends payable
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-0-
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45,000
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Bonds payable
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405,000
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Common stock ($10 par)
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1,521,000
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1,230,000
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Retained earnings
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440,000
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283,000
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$2,705,000
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$1,722,000
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Additional data:
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Market value of stock at 12/31/18 is $80Â per share.
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Marks sold 30,000 shares of common stock at par on July 1, 2018.
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Marks CompanyCondensed…
Financial information for Powell Panther Corporation is shown below:
Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars)
Â
2018
2017
Sales
$
1,800.0
$
1,500.0
Operating costs excluding depreciation and amortization
Â
1,395.0
Â
1,275.0
EBITDA
$
405.0
$
225.0
Depreciation and amortization
Â
43.0
Â
39.0
Earnings before interest and taxes (EBIT)
$
362.0
$
186.0
  Interest
Â
40.0
Â
33.0
Earnings before taxes (EBT)
$
322.0
$
153.0
  Taxes (40%)
Â
128.8
Â
61.2
Net income
$
193.2
Â
$
91.8
Â
Common dividends
$
174.0
Â
$
73.0
Â
Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars)
Â
2018
2017
Assets
Cash and equivalents
$
23.0
$
18.0
Accounts receivable
Â
248.0
Â
225.0
Inventories
Â
396.0
Â
360.0
  Total current assets
$
667.0
$
603.0
Net plant and equipment
Â
429.0
Â
390.0
Total assets
$
1,096.0
$
993.0
Liabilities and Equity
Accounts…
Selected information from the comparative financial statements of AppleVerse Company for the year ended December 31
appears below:
2018
2017
Php
Php
Accounts receivable (net)
175,000
200,000
Inventory
130,000
150,000
Total assets
1,100,000 800,000
Current liabilities
140,000
110,000
Long-term debt
410,000
300,000
Net credit sales
800,000
700,000
Cost of goods sold
600,000
530.000
Interest expense
40.000
25,000
Income tax expense
60.000
29,000
Net income
150.000
85,000
Net cash provided by operating
220,000
135,000
activities
Compute for the Receivables Turnover for 2018.
O 2.13
O 4.27
O 5.95
O 3.23
Chapter 13 Solutions
Managerial Accounting: Tools for Business Decision Making 7e + WileyPLUS Registration Card
Ch. 13 - (a) What is a statement of cash flows? (b) Mark...Ch. 13 - Prob. 2QCh. 13 - Prob. 3QCh. 13 - Prob. 4QCh. 13 - Prob. 5QCh. 13 - Prob. 6QCh. 13 - Prob. 7QCh. 13 - Contrast the advantages and disadvantages of the...Ch. 13 - Prob. 9QCh. 13 - Prob. 10Q
Ch. 13 - Prob. 11QCh. 13 - Prob. 12QCh. 13 - Prob. 13QCh. 13 - Prob. 14QCh. 13 - Prob. 15QCh. 13 - During 2017. Doubleday Company converted 1,700.000...Ch. 13 - Prob. 17QCh. 13 - Prob. 18QCh. 13 - Prob. 19QCh. 13 - Prob. 20QCh. 13 - Prob. 21QCh. 13 - Prob. 13.1BECh. 13 - Classify items by activities. (LO 1), C Classify...Ch. 13 - Prob. 13.3BECh. 13 - Prob. 13.4BECh. 13 - Prob. 13.5BECh. 13 - Prob. 13.6BECh. 13 - Prob. 13.7BECh. 13 - Prob. 13.8BECh. 13 - Prob. 13.9BECh. 13 - Prob. 13.10BECh. 13 - The management of Morrow Inc. is trying to decide...Ch. 13 - Prob. 13.12BECh. 13 - Prob. 13.13BECh. 13 - Prob. 13.14BECh. 13 - Prob. 13.1DICh. 13 - Prob. 13.2DICh. 13 - Prob. 13.3DICh. 13 - Tabares Corporation had these transactions during...Ch. 13 - An analysis of comparative balance sheets, the...Ch. 13 - Cushenberry Corporation had the following...Ch. 13 - Prob. 13.4ECh. 13 - The current sections of Scoggin Inc.s balance...Ch. 13 - Prob. 13.6ECh. 13 - Rojas Corporations comparative balance sheets are...Ch. 13 - Here are comparative balance sheets for Velo...Ch. 13 - Prob. 13.9ECh. 13 - Compute net cash provided by operating...Ch. 13 - Suppose a recent income statement for McDonalds...Ch. 13 - Compute cash flow from operating activitiesdirect...Ch. 13 - The following information is taken from the 2017...Ch. 13 - You are provided with the following transactions...Ch. 13 - The following account balances relate to the...Ch. 13 - The income statement of Whitlock Company is...Ch. 13 - Prob. 13.4APCh. 13 - Prob. 13.5APCh. 13 - Prob. 13.6APCh. 13 - Prob. 13.7APCh. 13 - Prob. 13.8APCh. 13 - Prob. 13.9APCh. 13 - Prob. 13.10APCh. 13 - Prob. 13.11APCh. 13 - Prob. 13.1BYPCh. 13 - Prob. 13.2BYPCh. 13 - Comparative Analysis Problem: Amazon.com, Inc. vs....Ch. 13 - Prob. 13.4BYPCh. 13 - Prob. 13.5BYPCh. 13 - Prob. 13.7BYPCh. 13 - Ethics Case Wesley Corp. is a medium-sized...Ch. 13 - Prob. 13.9BYP
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