Last year, Blue Lake Mines, Inc. had earnings after tax of $650,000. Included in its expenses were
Question:
Last year, Blue Lake Mines, Inc. had earnings after tax of $650,000. Included in its expenses were depreciation of $400,000 and deferred taxes of $100,000. The company also purchased new capital equipment for $300,000 last year. Calculate Blue Lake's after-tax cash flow for last year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
Given infomration Earning after tax 650000 Depreciation 400000 Deferred taxes 100000 P...View the full answer
Answered By
Isaiah Mutinda
As a graduate with Bs in Maths and Computer Science and having worked as a freelance full stack software developer for 3 years running I believe I have what it takes to conformable tutor and mentor a student to a professional developer also.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
Question Posted:
Students also viewed these Managerial Accounting questions
-
Last year, Blue Lake Mines, Inc., had earnings after tax of $650,000. Included in its expenses were depreciation of $400,000 and deferred taxes of $100,000. The company also purchased new capital...
-
Ship-to-Shore had earnings after tax (EAT) of $280,000 last year. Its expenses included depreciation of $55,000, interest of $40,000. It sold new stock for which it received $20,000. The company also...
-
Last year (2011), Bourne Company installed new factory equipment. The owner of the company, Jason Bourne, recently returned from an industry equipment exhibition where he watched computerized...
-
Alpha Appliance Service had net income for the year of $ 35,000. In addition, the balance sheet reports the following balances: Calculate the return on assets (ROA) for Alpha Appliance Service for...
-
What form of competition best characterizes this market?
-
A packing crate of mass 40 kg must be moved to the left along the floor without tipping. Knowing that the coefficient of static friction between the crate and the floor is 0.35, determine (a) The...
-
For the data in Table 12.1, confirm that the Pearson statistic in equation (12.3) is 41.98 . Table 12.1 (12.3) Count Observed (j) (nj) Fitted Counts Using the Poisson Distribution (np;) 01234 6,996...
-
RadioShack Corporation primarily engages in the retail sale of consumer electronics goods and services through 4,467 company-operated stores under the RadioShack brand, located throughout the United...
-
The Alberta Plumbing Company (APC) operates a plumbing repair business, with branches located throughout the province of Alberta. They saw improved performance in the volume of repairs in the month...
-
East Coast Digital (ECD) produces high-quality audio and video equipment. One of the companys most popular products is a high-definition personal video recorder (PVR) for use with digital television...
-
ABC Company's pension expense for 2010 is: Service cost ........... $30,000 Interest cost ........... $18,000 Actual return on plan assets .... $15,000 Beginning of year plan assets ....$200,000...
-
Prepare a statement of cash flow using the indirect method. Compare financial statement data as follows: In 2009 the company reported net income as follows Sales ............... 275 Cost of Goods...
-
Give an example of a Code provision with limiting language other than For purposes of this Section. How does the limitation affect the application of the provision you found?
-
Assume that the real risk-free rate is 1% and that the maturity risk premium is zero. If a 1-year Treasury bond yield is 6% and a 2-year Treasury bond yields 10%, what is the 1-year interest rate...
-
A 5-year Treasury bond has a 4.1% yield. A 10-year Treasury bond yields 6.1%, and a 10-year corporate bond yields 8.2%. The market expects that inflation will average 2.6% over the next 10 years...
-
8. Twenty years ago, a US dollar bought 1.69 Australian dollar; this year, a US dollar buys 1.39 Australian dollar. Given that total inflation over this period was 25 percent in the U.S. and 15...
-
Sara is studying to be a doctor. One day, while she is making her rounds at the hospital, she notices a person visiting a very ill patient who is recovering from surgery. She can tell something is...
-
The following table shows the market information of various European put options on a non-dividend paying asset. Time to Strike price Market Price maturity Option A 9 months $42 3.59 Option B 3...
-
On a trip to the _____________, _____________ visited the Statue of Liberty. a. East Coast, uncle Hans b. East Coast, Uncle Hans c. east coast, uncle Hans For the above sentence, write the correct...
-
Calculate the change in entropy when 100 kJ of energy is transferred reversibly and isothermally as heat to a large block of copper at (i) 0 C, (ii) 50 C.
-
Simplify the expressions in Problems 1736. Assume that the variables are positive. a. V64(3)(-2) b. 24(1)(-1)
-
Sung Company purchased land in April 2008 at a cost of $500,000. The estimated market value of the land is $800,000 as of December 31, 2013. Sung purchased marketable equity securities (bought the...
-
Majka Company was started on January 1, 2013. During 2013, the company experienced the following three accounting events: (1) earned cash revenues of $28,600, (2) paid cash expenses of $13,200, and...
-
On January 1, 2013, Moore, a fast-food company, had a balance in its Cash account of $45,800. During the 2013 accounting period, the company had (1) net cash inflow from operating activities of...
-
Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year-Job P and Job Q. The company uses a...
-
1. Review the following tracings, identify the type of BBB, and then explain how you determined your answers 2. Review the following tracing. Do you suspect left ventricular hypertrophy? Explain how...
-
What are signs that its time to cut corners to get the product launched, and what would you cut?
Study smarter with the SolutionInn App