The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ending in either 2021 or 2022. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable 2021 $ 4,300 1,200 480 400 430 200 680 300 380 2022 $ 4,400 1,300 4,000 3,500 875 340 2,345 500 435 480 200 700 365 420 Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities *Taxes are paid in their entirety in the year that the tax obligation is incurred. † Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct a statement of cash flows for Fincorp for 2022. Note: Enter your answers in thousands of dollars. Negative amounts should be indicated by a minus sign. 4,710 5,500 630 340 430 Cash flows from operations Net income Noncash expenses Changes in working capital Fincorp Incorporated Statement of Cash Flows ($ in 000s) Total change in working capital Cash flows from investments Cash flows from financing activities Z $ $ $ 1,220 0 1,220 0 0 1,220 The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ending in either 2021 or 2022. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable 2021 $ 4,300 1,200 480 400 430 200 680 300 380 2022 $ 4,400 1,300 4,000 3,500 875 340 2,345 500 435 480 200 700 365 420 Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities *Taxes are paid in their entirety in the year that the tax obligation is incurred. † Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct a statement of cash flows for Fincorp for 2022. Note: Enter your answers in thousands of dollars. Negative amounts should be indicated by a minus sign. 4,710 5,500 630 340 430 Cash flows from operations Net income Noncash expenses Changes in working capital Fincorp Incorporated Statement of Cash Flows ($ in 000s) Total change in working capital Cash flows from investments Cash flows from financing activities Z $ $ $ 1,220 0 1,220 0 0 1,220
Expert Answer:
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0078034640
7th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
Posted Date:
Students also viewed these economics questions
-
Determine the regression equation Negative amounts should be indicated by a minus sign Round your answers to 3 decimal places X Y Picture Picture Picture 2 Picture 2 Picture Picture 5 13 2375 5641 3...
-
The table below contains data on Fincorp, Inc., the balance sheet items correspond to values at year-end of 2010 and 2011, while the income statement items correspond to revenues or expenses during...
-
The table below contains data on Fincorp, Inc., the balance sheet items correspond to values at year-end of 2010 and 2011, while the income statement items correspond to revenues or expenses during...
-
Provide a brief description of the seven basic steps to use JDBC.
-
Earl is a student at Aggie Tech. He receives a $5,000 general scholarship for his outstanding grades in previous years. Earl is also a residence hall assistant, for which he receives a $1,000 tuition...
-
In each of Problems 38 through 42, a differential equation and one solution y 1 are given. Use the method of reduction of order as in Problem 37 to find a second linearly independent solution y 2 ....
-
What are the differences between average hourly earnings and the employment cost index?
-
Cyber Tech Inc. produces and distributes fiber optic cable for use by telecommunications companies. Cyber Tech Inc. issued $50,000,000 of 20-year, 6% bonds on March 1 at their face amount, with...
-
Trying to break an encryption key by trying every possible combination of characters is called what? 1 point A social engineering attack A brute force attack A rainbow table attack A known cyphertext...
-
Compute the mean and median for the duration of hospitalization for the 25 patients? Table 2.13: Hospital-stay data First WBC Received Duration First Received bacterial Sex 1 = M 2 = F (x 10)...
-
Describe each force in Porters 5-Forces Model. Discuss the purpose of the 5 Forces Model. Identify and discuss at least 2 insights one might draw from using the 5-forces Model towards understanding...
-
Explain the difference between finite and large sample properties of an estimator.
-
Explain what is meant by (a) an omitted variable and (b) an irrelevant variable. Explain the consequences of omitted and irrelevant variables for the properties of the least squares estimator.
-
Compute and explain the meaning of \(R^{2}\) in a multiple regression model.
-
Use the Akaike information or Schwartz criteria to select variables for a predictive model.
-
Explain what is meant by consistency and asymptotic normality.
-
If a firm is selling financial calculators for $25 per calculator, if the variable cost per calculator is $17 and the fixed cost is 90,000, find the following: 1- What is break-even point to this...
-
At the beginning of the year, Lam Ltd. had total assets of $800,000 and total liabilities of $500,000. Use this information to answer each of the following independent questions. (a) If Lam's total...
-
What is meant by the separation of ownership and control for public corporations? What potential problems does this separation create?
-
Income bonds are unusual. Interest payments on such bonds may be skipped or deferred if the firm's income is insufficient to make the payment. In what way are these bonds like preferred stock? Why...
-
Use Table 22.1 to answer the following questions. Direct quotes (number of U.S. dollars per unit of foreign currency). Other quotes are indirect (units of foreign currency per U.S. dollar). a. How...
-
A particle moves on a predetermined trajectory with the equation of motion \(s(t)=k t^{2}\), with \(k\) constant and with magnitude of the acceleration equal to \(a=2 k\). Show by using (3.74) that...
-
In the case considered in the question (14), show what the trajectory corresponds to in case the magnitude of acceleration is \(a=2 k \sqrt{1+\frac{t}{T}}\), where \(T=\) cost. Question 14 A particle...
-
The position vector along a trajectory expressed in terms of the scalar distance \(s\) from the origin is given by the relation \(\mathbf{r}=\mathbf{a} s^{2}+\mathbf{b} s+\mathbf{c}\), with the...
Study smarter with the SolutionInn App