Question: For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds and fill in the entries in the cash

For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds and fill in the entries in the cash flow statement below. 2018 Income Statement $(000) Revenue3750 Warranty/ Bad Debt 50 Net Revenue3700 COGS1850 Contribution Margin 1850 SG&A (incl depreciation) 1500 Operating Income 350 Other Income 50 Net Income 400 2018 Retained Earnings Statement $(000) Retained Earnings, start of year 1750 Net Earnings for the year 400 Less: Dividend Paid 125 Retained Earnings, end of year2025 Notes: 1. Calculate the required quantities to answer each of the blanks. 2. Express your quantities in your answer in thousands ($000). 3. Please answer all the blanks and type in "0" where you think there is no actual value. Balance Sheet $(000) End 2017 End 2018 source of funds use of funds Current Assets: Cash 125 100 Receivables 300 250 Inventory 125 225 Prepaid Expenses 25 25 575 600 Fixed Assets:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

For the given income statement, retained earning statement, and balance sheets, calculate the sources / uses of funds and fill in the entries in the cash flow statement below. 2 0 1 8 Retained...

Please answer all of this question it's emergency thanks a lot !. Question 5 For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds Not...

This question is BONUS ONLY - Not required for completion of the assignment. For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds and...

Please state the formulas/equations you used. For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds and fill in the entries in the cash...

For the given income statement, retained earning statement, and balance sheets, calculate the sources / uses of funds and fill in the entries in the cash flow statement below. 2 0 1 8 Income...

Financing Activities: Dividends Net New Long Term Borrowings Net New Capital Shares Subtotal: Total Funds Flow Net cash on hand, start of year Net cash on hand, end of year Change in Cash Position:...

Please help me fill in the following cash flow statement below, with calculations if possible. For the given income statement, retained earning statement, and balance sheets, calculate the...

Please explain how you calculate the values For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds and fill in the entries in the cash...

For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds (10 points) and fill in the entries in the cash flow statement below (20 points)...

Please answer all of this question it's emergency thanks a lot ! Question 5 For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds Not yet...

A non-financial firm can long-term lease equipment to gain the use of the equipment as an alternative to buying the equipment with the cost financed. In many Corporate Finance courses, the lease/buy...

Suppose that a department store is selling a popular brand of dress shirt for $109 each. During the first two weeks, the store sold 100 shirts, and in order to boost sale and clear the isles for new...

In one study, only 13 percent of __________ members said their career goal involves climbing the corporate ladder to become a CEO or president. Question 15 options: 1) Generation X 2) millennial 3)...

Consider the reaction at 298 K: A+B-C The equilibrium constant for the reaction is 23. If the concentration of A is 0.2 M, B is 0.1 M and C is 0.4 M, what is AG for the reaction? -1432 J/mol O -7568...

Daria is a part time employee who recently started up her own business as a sole proprietorship. For the current year, she had the following sources of income and loss: Net employment income (loss)...

Use the ANOVA summary table to complete parts (a) through (c) below. Degrees of Freedom 5 5 25 108 143 Source A B AB Error Total a. At the 0.05 level of significance, is there an effect due to factor...

If a purchase on credit is omitted from both the purchases account and ending inventory of the current year and is not recorded in the succeeding year the income statement is correct because the...

Charlie Collectibles wants to reduce its overall it budget and improve visibility into inventory at both other locations.with the knowledge of the four dimensions of service management specifically...

Enter the set of sample means into a technolo- gy tool. Find the mean of the set of sample means. How does it compare with the mean age in the United States? Does this agree with the result predicted...

Decide whether you can use a normal distribution to approximate the binomial distribution. If you can, find the mean and standard deviation. If you cannot, explain why.

Enter the age distribution of the United States into a technology tool. Use the tool to find the mean age in the United States.