Pharoah Beverage Company reported the following items in the most recent year. Net income Dividends paid...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Pharoah Beverage Company reported the following items in the most recent year. Net income Dividends paid $40,800 5,760 Increase in accounts receivable 13,850 Increase in accounts payable 8,860 Purchase of equipment (capital expenditure) 9,110 Depreciation expense 5,860 Issue of notes payable 24,860 Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign eg. -15,000 or in parenthesis e.g. (15,000).) Adjustments to reconcile net income to PHAROAH BEVERAGE COMPANY Statement of Cash Flows $ $ Compute free cash flow. (Show amount that decrease cash flow with either a-sign eg. -15,000 or in parenthesis eg. (15,000).) Free cash flow $ Pharoah Beverage Company reported the following items in the most recent year. Net income Dividends paid $40,800 5,760 Increase in accounts receivable 13,850 Increase in accounts payable 8,860 Purchase of equipment (capital expenditure) 9,110 Depreciation expense 5,860 Issue of notes payable 24,860 Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign eg. -15,000 or in parenthesis e.g. (15,000).) Adjustments to reconcile net income to PHAROAH BEVERAGE COMPANY Statement of Cash Flows $ $ Compute free cash flow. (Show amount that decrease cash flow with either a-sign eg. -15,000 or in parenthesis eg. (15,000).) Free cash flow $
Expert Answer:
Answer rating: 100% (QA)
Pharoah Beverage Company Cash Flow Analysis A Net Cash Provided by Operating Activities Indirect Met... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
Posted Date:
Students also viewed these accounting questions
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Kiwi Painting Company engages in a number of foreign currency transactions in euros (). For each of the following independent transactions, determine the dollar amount to be reported in the December...
-
41.(6 pointa) In the following balanced reaction, magnesium metal (Mg) reacts with carbon dioxide gas (CO) o form solid magnesium exide (MgO) and solid carbon (C). How many grams of carbon dioxide...
-
Carnival Corporation & plc is one of the largest cruise companies in the world with such well known brands as Carnival Cruise Lines, Holland America Line, and Princess Cruises. For the year ended...
-
On January 1, Year 2, LCJ Rental Cars purchased a car that is to be used to produce rental income. The car cost $35,000. It has an expected useful life of five years and a $5,000 salvage value . The...
-
Following are several tests of controls introduced in the chapter: Examine periodic reports by non-Purchasing Department personnel regarding purchase prices and practices. Observe Receiving...
-
Jim Heston has been working on Austin Paints' cash budget for the coming year. Based on his projections for March, the beginning cash balance will be $50,200; cash collections will be $700,000; and...
-
What are the reflected angles for 5 5 0 nm light incident on a diffraction grating with an incident angle of 1 5 \\ deg from the normal for both the 1 st and 2 nd order diffraction? The grating has a...
-
Consider the cylindrical shaped absorbent material designed to selectively remove solute A from solution. The uptake of solute A through the homogeneous absorbent material is limited by the molecular...
-
Khato Civics ( Pty ) Ltd is a multinational company specializing in construction of big projects including dams and water reticulation projects. The following information relates to capital...
-
What is the firm's earnings per share for this company? 2) What is the total amount of the preferred stock dividends that were paid? 3) If the company paid $2.00 per share, what is the total amount...
-
From the data below for the Dow Jones Industrial Average, calculate the three-day simple moving average. Fill in the "Buy/Sell Signal" column for this trading Indicator. Then, calculate the three-day...
-
1. The gross profit margin for 2013 financial year is 2. The EBIT margin for 2013 financial year is 3. The effective tax rate for the 2013 financial year is 4. SSAC Ltd. recently acquired a property...
-
Ryanair's finances have been greatly affected by the COVID-19 pandemic and this question requires you to consider the impact on key 2021 Balance Sheet items in comparison to 2020. Required: (a)...
-
Similarly for the following integrals a) I = 2x2+3x-1 dx x3+7x2 +14x+8 To factor the denominator, we more challenging x+3x+8 x3+7x2+7x-15 polynomial division well B the results: polynomial then: a)...
-
Which of the following is not a correct statement? A Debt equity is a solvency ratio B C D Acid Test' denotes liquidity Ratio analysis is a technique of co-ordination Composite ratios are known as...
-
A regular deposit of $100 is made at the beginning of each year for 20 years. Simple interest is calculated at i% per year for the 20 years. At the end of the 20-year period, the total interest in...
-
The Comfort-Zone Company installs heating, ventilation, and air conditioning in large buildings such as domed stadiums, military bases, airports, and high rises. Its contracts usually take two to...
-
Diderot Corp. acquired a property on September 15, 2014, for $220,000, paying $3,000 in transfer taxes and a $1,500 real estate fee. Based on the provincial assessment information, 75% of the...
-
Instructions From SEDAR (www.sedar.com), or the company websites, access the financial statements of Loblaw Companies Limited for its year ended December 31, 2011, and of Empire Company Limited for...
-
Why do we use effect sizes rather than means or mean differences in our meta-analysis?
-
When working with relative risk, or risk ratios, we generally transform the effect size with _____.
-
Calculate a mean effect size and its standard error.
Study smarter with the SolutionInn App