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the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 Income Statement year ending 2016 Sales Revenues $90,000 Cost of goods sold 54,500 Fixed costs 12,000 Selling, general, and administrative expenses 18,250 Depreciation 1,000 ***Tax rate Interests paid in 2016 20% $500 Partial Balance Sheet 12/31/2015 LIABILITIES Current Liabilities ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed assets Intangible assets TOTAL ASSETS ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed Assets Intangible assets 1,000 Notes payable 1.000 5,000 Accounts payable 6.800 5.000 Total current liabilities Long-term debt 22.000 90,000 Total Liabilities 29.800 10,000 OWNERS' EQUITY 80.000 Retained earnings 11,200 0 Common stock 50.000 61.200 TOTAL LIABILITIES & OWNER'S EQUITY Partial Balance Sheet 12/31/2016 LIABILITIES Current Liabilities 3,000 Notes payable 2,000 3,000 Accounts payable 8.000 8.000 Total current liabilities Long-term debt 80,000 Total liabilities 19,400 OWNERS' EQUITY 69,000 Retained earnings 0 Common stock 50,000 63,600 TOTAL ASSETS Total owner's equity TOTAL LIABILITIES & OWNER'S EQUITY DO NOT use dollar signs, USE commas to separate thousands. DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 1. What is the Operating Cash Flow (OCF) for 2016? the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 Income Statement year ending 2016 Sales Revenues $90,000 Cost of goods sold 54,500 Fixed costs 12,000 Selling, general, and administrative expenses 18,250 Depreciation 1,000 ***Tax rate Interests paid in 2016 20% $500 Partial Balance Sheet 12/31/2015 LIABILITIES Current Liabilities ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed assets Intangible assets TOTAL ASSETS ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed Assets Intangible assets 1,000 Notes payable 1.000 5,000 Accounts payable 6.800 5.000 Total current liabilities Long-term debt 22.000 90,000 Total Liabilities 29.800 10,000 OWNERS' EQUITY 80.000 Retained earnings 11,200 0 Common stock 50.000 61.200 TOTAL LIABILITIES & OWNER'S EQUITY Partial Balance Sheet 12/31/2016 LIABILITIES Current Liabilities 3,000 Notes payable 2,000 3,000 Accounts payable 8.000 8.000 Total current liabilities Long-term debt 80,000 Total liabilities 19,400 OWNERS' EQUITY 69,000 Retained earnings 0 Common stock 50,000 63,600 TOTAL ASSETS Total owner's equity TOTAL LIABILITIES & OWNER'S EQUITY DO NOT use dollar signs, USE commas to separate thousands. DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 1. What is the Operating Cash Flow (OCF) for 2016?
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Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
Posted Date:
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