At the end of 2003, the Carillon Project has $125,000 in accumulated depreciation and $100,000 in retained
Question:
At the end of 2003, the Carillon Project has $125,000 in accumulated depreciation and $100,000 in retained earnings.
2004 2005
Sales $350,000 $450,000
Notes Payable 20,000 50,000
Tax Rate 40% 40%
Gross Fixed Assets $750,000 $1,100,000
Total Current Liabilities 130,000 170,000
Interest Expense 20,000 30,000
Cash 20,000 30,000
Accounts Payable 80,000 60,000
COGS 40% of Sales 30% of Sales
Total Current Assets 130,000 180,000
Total Liabilities 300,000 340,000
Net Income 36,000 42,000
General, Selling and 10% of Sales 10% of Sales
Administrative Expenses
Accounts Receivable 40,000 60,000
Addition to Retained 20,000 30,000
Earnings
PREPARE A STATEMENT OF CASH FLOW AND COMMENT ON THE STRENGTHS AND WEAKNESSES YOU OBSERVE.
Expert Answer:
STEP 1 CALCULATION OF DEPRECIATION We have all details for PL except for Depreciation Hence Deprecia... View the full answer
Project Management A Managerial Approach
ISBN: 978-0470226216
7th Edition
Authors: Jack R. Meredith, Samuel J. Mantel,
