Using the tables in Question 1, construct the CF statement between 2005-2006. What is the cash...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Using the tables in Question 1, construct the CF statement between 2005-2006. What is the cash flow from inventor!? BALANCE SHEET Assets Cash Accounts receivable, net Inventory Prepaid expenses Fixed Assets Land Automobiles Building Equipment Subtotal Less: Accumulated depreciation Net Fixed Assets Other Assets Total long-term assets TOTAL ASSETS Lisbilities Accounts payable Accrued liabilities Total current liabilities Bank Loan Mortgage loan Total long-term liabilities Equity Common Stock Retained Earnings INCOME STATEMENT Net Sales COGS Gross Profit Operating Expenses Wages and Commissions Rent General selling expenses General admin expenses 2864 16,060 128,500 308,980 9,590 533,130 Depreciation Total Operating expenses Interest expenses Net Inc before tax Income Tax Net Inc (loss) 34,350 20,000 54,350 Total Equity TOTAL LIABILITIES and EQUITY 617,480 54,350 30,000 84,350 617,480 2004 184,640 15,790 200,430 177,140 196,510 373,650 2004 100,000 (56,600) 43,400 2004 930,110 644,190 285,920 190,330 19,430 29,100 76,430 315,290 55,230 (84,600) (84,600) 2005 18,610 201,670 302,080 9,870 532,230 32.350 60,702 93,052 10,300 82,752 31,000 113,752 645,982 2005 290,740 16,870 307,610 138,132 176,510 314,642 2005 100,100 (76,370) 23,730 645,982 2005 1,600,000 1,171,760 428,240 253,910 22,200 27,560 104,720 10,300 418,690 29,220 (19,670) (19,670) 2006 1,520 338,690 274,630 9,990 624,830 60,880 47,850 122,940 3,990 235,660 34,660 201,000 30,000 231,000 855,830 1006 502,500 15,760 518,260 255,840 255,840 2006 100,100 (18,370) 81,730 855,830 2006 2,066,820 1,476,840 589,980 306,170 11,100 23,860 132,850 24,360 498,340 33,450 58,190 58,190 Using the tables in Question 1, construct the CF statement between 2005-2006. What is the cash flow from inventor!? BALANCE SHEET Assets Cash Accounts receivable, net Inventory Prepaid expenses Fixed Assets Land Automobiles Building Equipment Subtotal Less: Accumulated depreciation Net Fixed Assets Other Assets Total long-term assets TOTAL ASSETS Lisbilities Accounts payable Accrued liabilities Total current liabilities Bank Loan Mortgage loan Total long-term liabilities Equity Common Stock Retained Earnings INCOME STATEMENT Net Sales COGS Gross Profit Operating Expenses Wages and Commissions Rent General selling expenses General admin expenses 2864 16,060 128,500 308,980 9,590 533,130 Depreciation Total Operating expenses Interest expenses Net Inc before tax Income Tax Net Inc (loss) 34,350 20,000 54,350 Total Equity TOTAL LIABILITIES and EQUITY 617,480 54,350 30,000 84,350 617,480 2004 184,640 15,790 200,430 177,140 196,510 373,650 2004 100,000 (56,600) 43,400 2004 930,110 644,190 285,920 190,330 19,430 29,100 76,430 315,290 55,230 (84,600) (84,600) 2005 18,610 201,670 302,080 9,870 532,230 32.350 60,702 93,052 10,300 82,752 31,000 113,752 645,982 2005 290,740 16,870 307,610 138,132 176,510 314,642 2005 100,100 (76,370) 23,730 645,982 2005 1,600,000 1,171,760 428,240 253,910 22,200 27,560 104,720 10,300 418,690 29,220 (19,670) (19,670) 2006 1,520 338,690 274,630 9,990 624,830 60,880 47,850 122,940 3,990 235,660 34,660 201,000 30,000 231,000 855,830 1006 502,500 15,760 518,260 255,840 255,840 2006 100,100 (18,370) 81,730 855,830 2006 2,066,820 1,476,840 589,980 306,170 11,100 23,860 132,850 24,360 498,340 33,450 58,190 58,190
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Assess the past financial performance using the statement of cash flow and ratio analysis. Net sales Cost of goods sold Gross profit Operating expenses Wages and commissions Rent Provision for...
-
The classified balance sheet and selected income statement data for Quinn, Inc., as of December 31 , 201 2, are presented next. Selected Income Statement Data Gross Profit...
-
The following trial balance was drawn from the records of Havel Company as of October 1, 2018: Required a. Divide the class into groups, each with four or five students. Organize the groups into...
-
What are some signs of dental disease?
-
The following transactions are for Pickard Construction Company: a. The firm bought equipment for $64,000 on credit. b. The firm purchased land for $450,000, $160,000 of which was paid in cash and a...
-
Briefly explain the conditions when a contract modification shall be accounted for as a separate performance obligation.
-
The requirement to make a study and evaluation of internal control applies regardless of the method of data processing used by a company. However, the methodology of complying with this standard may...
-
Solve the linear programming model developed in Problem 22 for the Burger Doodle restaurant by using the computer. a. Identify and explain the shadow prices for each of the resource constraints. b....
-
According to its standards, the factory should work 1,040 hours each month to produce 2,080 sets of seat covers. The standard costs associated with this level of production are: Total Direct...
-
Omar is leading a weekly workshop series for his peers on how to be a successful student. Each week, he assigns a task for them to try and report back on next session. However, it seems like nobody...
-
We find that managers with military experience pursue less tax avoidance than other managers and pay an estimated $1$2 million more in corporate taxes per firm-year. These managers also undertake...
-
If an organization has subcontracted threat monitoring services, does the organization need to review the actual actions being taken by the subcontractor?
-
Discuss the salient issues in permitting employees in business organizations access to social networking sites.
-
Identify key hurricane mitigation steps.
-
Identify key earthquake mitigation steps.
-
You have just conducted a site visit to a data center and discovered that the main entrance had a card key entry system installed as a security feature. Unfortunately, the system was inoperable so...
-
The balance in the equipment account is $1,375,000, and the balance in the accumulated depreciation equipment account is $725,000. What is the book value of the equipment and does that amount mean...
-
An environmentalist wants to determine if the median amount of potassium (mg/L) in rainwater in Lincoln County, Nebraska, is different from that in the rainwater in Clarendon County, South Carolina....
-
Tropical Tanning Supplys income statement data for the year ended December 31, 2012, follow. Sales Revenue .... $241,500 Cost of Goods Sold . 147,800 Gross Profit .... $ 93,700 Assume that the ending...
-
Rauscher, Corp., aggressively acquired other companies. Assume that Rauscher, Corp., purchased Lancer, Inc., for $12 million cash. The market value of Lancers assets is $14million, and it has...
-
Keiras Sports uses the FIFO inventory method. Keiras Sports started December with 9 helmets that cost $56 each. On December 19, Keiras Sports bought 16 helmets at $51 each. On December 28, Keiras...
-
A thin stainless steel disk of thickness \(b\) and outer radius \(r_{o}\) has been heat treated to a high, uniform initial temperature of \(T_{i}\). The disk is then placed upon a small stand and...
-
A power transistor mounted on a finned heat sink can be modeled as a spatially isothermal object with internal heat generation and an external convection resistance. (a) Consider such a system of...
-
Steel balls \(10 \mathrm{~mm}\) in diameter are annealed by heating to \(1150 \mathrm{~K}\) and then slowly cooling to \(450 \mathrm{~K}\) in an air environment for which \(T_{\infty}=325...
Study smarter with the SolutionInn App