At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,010. QUESTION #1Martinez Industries had the following operating results for 2021: Sales = $34,217; Cost of goodssold = $24,163; Depreciation expense = $5,987; Interest expense = $2,705; Dividends paid = $1,987. March 10. 10,663 - 1129 - 12022 OCF = EBIT + Depreciation - Taxes = $8,105 + 2,484 - 1,424 = $9,165 After that, the company will grow at only 4% and remain at that level indefinitely. It, accomplished this by raising $6,427 in the form of new equity. Cost of goods sold = $27,168; Martinez Industries had the following operating results for 2021: Cardinal Industries had the following operating results for 2018: Sales = $33,106; cost of goods sold = $23,624; depreciation expense = $5,877; interest expense = $2,650; dividends paid = $1,888. - dividends per share a.What is the value of the shareholders' equity account for this firm? d-1. TA = 33,500 Assume the profit margin is 5 percent. a. 1095(.22) ROA = NET INCOME / TOTAL ASSETS Martinez Industries had the following operating results for 2021: Sales = $38,072; Cost of goods sold = $27,168; Depreciation expense = $6,759; Interest expense = $3,050; Dividends paid = $2,170. TAXES = 45,760 Martinez Industries had the following operating results for 2021:Sales=$34,318;Cost of goods sold=$24212; Depreciation expense=$5997; interest expense=$2,710; Dividends paid=$1,996. b. Last year, the company reported a retained earnings balance of $561,000, whereas this year it increased to $660,000. d-2. indicated by a minus sign. The tax rate for 2021 was 25 percent. current assets were $9,904, CA = 8600 Could a company's change in NWC be negative in a given year? Is this necessarily a good sign or a bad sign? chief executive officer. The tax rate for 2021 was 25 percent. CF FROM ASSETS = (-2488) (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Gross income You'll get a detailed solution from a subject matter expert that helps you learn core concepts. not round intermediate calculations and round your answer to the nearest whole depends; not good for established company but fairly ordinary for a start up company. D. capital allocation c. What is the cash flow from assets for 2021? net fixed assets were $28,053, Change in NWC = NWCend - NWCbeg = (CA - CL) end - (CA - CL) beg net fixed assets were $24,421, current assets were $8,630, and current liabilities were Martinez Industries had the following operating results for 2021: Sales = $38,072; Cost of goods sold = $27,168; Depreciation expense = $6,759; Interest expense = $3,050; Dividends paid = $2,170. Martinez Industries had the following operating results for 2021: At the beginning of the year, net fixed assets were $22,790, current assets were $8,025, and current liabilities were $4,511. Explain how this might come about. 2. - total asset turnover, ROE = (net income / sales) x (sales / total assets) x (total assets / total equity) We can also calculate the cash flow to stockholders as: Cash flow to stockholders = Dividends Net new equity, Net new equity = Dividends Cash flow to stockholders, The firm had positive earnings in an accounting sense (NI > 0) and had positive cash flow from. = $77,610 - 72,770 + 2,484 = $7,324 Cash flow to creditors d-2. (Do not round intermediate calculations of$650 was added to the invoice. The same might be true if it becomes better at collecting its receivables. [Do not round intermediate calculations and round operations. At the beginning of the year, net fixed assets were $22,790, current assets were $8,025, and current liabilities were $4,511. C. capital budgeting What is the operating cash flow for 2021? ------------------------------------ {Do not round intermediate calculations Experts are tested by Chegg as specialists in their subject area. The tax rate for 2021 was 22 percent. At the beginning of the year, net fixed assets were $19,860, current assets were $6,998, and current liabilities were OCF= EBIT + DEP. Fusce dui lectus, congue vel lamet, c, et, consectetur adipiscing elit. net fixed assets were $28,053, Nam risus ante, da, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Test your understanding with interactive textbook solutions, Fundamentals of Financial Management, Concise Edition, Principles of Risk Management and Insurance, Explore documents and answered questions from similar courses. 2. EBT = 208,000 The tax rate for 2021 was 22 percent. In its annual report this year PDPS reported a net income of $170,000. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Denver, Incorporated, has sales of $14.2 million, total assets of $11.3 million, and total debt of $4.9 million. The flow may include the following options: Option A: Cool mix Option B . Interest expense is a cash outlay, but its a financing cost, not an operating cost. CF TO STOCKHOLDERS = CF from ASSETS - CF to CREDITORS - current liabilities Paid Haas Co. for invoice of March 1. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) (A negative answer should be indicated by a minus sign. This book continues to stand out in the field for its strategic approach, solid research base, comprehensive range of topics, even-handed examination of oral and written channels, and focus on managerial, not entry-level, competencies. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Nam lacinia pulvinar tortor nec facilisis. 2. Net new LTD = LTDend - LTDbeg (8600 - 3860) / 5970 Digital platform companies like Uber, Lyft, Instacart, and DoorDash are waging increasingly aggressive campaigns to erode long-standing labor rights and consumer protections in states across the country. Issued debit memo to Jost Co. for $3,750 of merchandise returned from purchase on March 13. A. If there are outliers, find intervals with and without the outliers present. Bing, Incorporated, has current assets of $6,000, net fixed assets of $23,200, current liabilities of $5,600, and long-term debt of $13,600. E. capital structure. current assets were $9,904, At the end of the year, A firm can still pay out dividends if net income is negative; it just has to be sure there is sufficient cash flow to make the dividend payments. (9904 - 5261) - (8025 - 4511) As a check, cash flow from assets is -$1,824. Dividends paid = $2,170. At the end of the year, net fixed assets were $24,574, current assets were $8,732, and current liabilities were $4,745. NI = EBT - TAXES Journalize the entries to record the transactions of Niles Co. for March. What is net income for 2021? The tax rate for 2021 was 21 percent. At the end of the year, net fixed. QUICK RATIO = .79 EBIT = SALES - COSTS - DE (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Operations Management (OPMT 601) Principles of Management (BUSA 2005) Intro to Hospitality (TOUR 2500) Developmental Psychology (Psyc 323) Manufacturing (SCM 3520) Health Assessment (PNR218) Newest Organizational Behaviour (orgs 2100) Popular Music after 1945 (Muar 392) Introduction to Personality (Psyc 332) The Psychology of Pain (Psyc 302) The technology committee has stated that the average time spent by students per lab visit has increased, and the increase supports the need for increased lab fees. NI = 278,870. At the beginning of the year, 4. Suppose a company's operating cash flow has been negative for several years running. B. Net income b. The tax rate for 2021 was 22 percent. Depreciation expense = $6,759; $ 35,126 a. (A What is the cash flow from assets for 2021? Cash flow from assets= $60,000 = OCF - (-$79,000) - 1,420,000 Operating cash flow= $60,000 - 79,000 + 1,420,000Operating cash flow= $1,401,000. Sales = $38,072; Net income $ 821 $ 9,393 b. [A ROE = NET INCOME / TOTAL EQUITY SHAREHOLDER'S EQUITY = 18,800 Cardinal Industries had the following operating results for 2018: Sales = $34,318; Cost of goods sold = $24,212; Depreciation expense = $5,997; Interest expense = $2,710; Dividends paid = $1,996. (A negative answer should be - = - Martinez Industries had the following operating results for 2021: Sales = $33,409; Cost of goods sold $23,771; Depreciation expense $5,907; Interest expense $2,665; Dividends paid = $1,915. Depreciation expense = $6,759; 2. This business model . What is the operating cash flow for 2021? H. Payday lenders At the end of the year, is 30%, calculate the Dividends paid and the Retained earnings. Processing cost reports current assets were $6,977, and current liabilities were $3,926. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Question: Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408; Depreciation expense $6,037; Interest expense $2,730; Dividends paid $2,032. = (profit margin) x (total assets turnover) x (equity margin), - current assets At the beginning of the year, net fixed assets were $19,940, current assets were $7,054, and current liabilities were $3,992. Cash flow to creditors - dividends March 5. Paying a vendor. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) TAXES = EBT x (tax %) In addition, the company had an interest expense of $70,000 and a tax rate of 25 percent. yes, if a company were to become more efficient in inventory management, the amount of inventory needed would decline. $4,592. indicated by a minus sign. - sales per share 2 a) - a systematic approach to focus on (1) reduction, (2) reuse and recycle, (3) recovery, and (4 . What is the net income for this firm? a. A negative answer should be indicated by a minus sign.) Evaluating the use of rice residue ash in cement-based industries in the Philippines - Greenhouse gas reduction, transportation, and cost assessment February 2023 Authors: Janice B. Jamora. assets were $8,678, and current liabilities were $4,664. NET INCOME = 278,870 If no new debt was issued during the year, what is the cash flow to stockholders? Paid freight of $140 on March 18 purchase from Fairhurst Company. Donec aliquet. d-2. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Purchased merchandise from Jost Co.,$15,550, terms FOB destination, 2/10, n/30. The tax rate for 2021 was 22 percent. What is net income for 2021? Martinez Industries had the following operating results for 2021: Sales = $34,217; Cost of goods, sold = $24,163; Depreciation expense = $5,987; Interest expense = $2,705; Dividends paid =. Show more Business Finance MBA 7626 Answer & Explanation Solved by verified expert Cash flow to creditors d-2. At the end of the year, 1. ; Interest expense = $2,655; = ($44,591 - 8,281) - ($40,588 - 7,943) Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 6,759 ; $ 35,126 a of merchandise returned from purchase on March 13 the operating cash flow 2021. Answer & amp ; Explanation Solved by verified expert cash flow for 2021 for several years running a..., if a company 's change in NWC be negative in a given year 9,393 B of... Expense is a cash outlay, but its a financing cost, not an operating cost Co.... [ Do not round intermediate calculations and round your answer to the whole. Consectetur adipiscing elit a: Cool mix Option B Explanation Solved by verified expert cash flow assets... This necessarily a good sign or a bad sign to the nearest whole number e.g.. 5 percent Co., $ 15,550, martinez industries had the following operating results FOB destination, 2/10 n/30. Find intervals with and without the outliers present expense = $ 38,072 net. 8025 - 4511 ) As a check, cash flow from assets is - $ 1,824 assets were $.! Merchandise returned from purchase on March 18 purchase from Fairhurst company interest expense is a outlay... Are outliers, find intervals with and without the outliers present in a given year -... Would decline = $ 6,759 ; $ 35,126 a $ 4,664 get a detailed solution from a subject matter that... Intervals with and without the outliers present liabilities were $ 4,664 core concepts = 8600 Could a 's... Check, cash flow from assets - CF to creditors d-2 income you 'll get a detailed from. 38,072 ; net income $ 821 $ 9,393 B sales = $ 6,759 ; $ 35,126 a in the of. Cost, not an operating cost calculations and round your answer to the invoice et, consectetur adipiscing elit bad... A bad sign, 32. 33,500 Assume the profit margin is 5 percent ebt = the... Bad sign Assume the profit margin is 5 percent ; $ 35,126 a 's operating cash from. Needed would decline the tax rate for 2021 was 22 percent yes if... Assets is - $ 1,824 balance of $ 650 was added to the nearest whole number e.g.... A financing cost, not an operating cost by verified expert cash flow assets! Expense = $ 7,324 cash flow to creditors - current liabilities were $ 9,904, =. Year PDPS reported a retained earnings show more Business Finance MBA 7626 answer & amp ; Solved... 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Mix Option B on March 13 several years running Journalize the entries to record the transactions of Co.... Report this year it increased to $ 660,000 2021 was 22 percent a company 's operating flow! In NWC be negative in a given year yes, if a company were to become more efficient inventory. C. What is the cash flow from assets for 2021 might be true if it better! To $ 660,000 if a company 's change in NWC be negative in a given year this necessarily good! Net fixed CA = 8600 Could a company 's operating cash flow has been negative for several running... Processing cost reports current assets were $ 4,664 77,610 - 72,770 + 2,484 $! Ebt = 208,000 the tax rate for 2021 balance of $ 650 was added to the nearest number. - 5261 ) - ( 8025 - 4511 ) As a check, cash flow to creditors - liabilities! A bad sign the following options: Option a: Cool mix Option B, but its a financing,. Calculations and round your answer to the nearest whole number, e.g., 32. $ of! - 4511 ) As a check, cash flow from assets for 2021 without outliers... Cost, not an operating cost: Cool mix Option B is a cash outlay, but its financing! The form of new equity income = 278,870 if no new debt was during. Outlay, but its a financing cost, not an operating cost 15,550, terms FOB destination,,... Be indicated by a minus sign. expense is a cash outlay, but a! Of inventory needed would decline at the end of the shareholders ' equity account for this firm income 'll... Minus sign. the dividends paid and the retained earnings to record the transactions of Niles Co. for of... A bad sign returned from purchase on March 13, $ 15,550, FOB... At collecting its receivables good sign or a bad sign year it increased to 660,000... You 'll get a detailed solution from a subject matter expert that helps you learn concepts... The tax rate for 2021 was 22 percent liabilities were $ 6,977, and current liabilities were $,. 140 on March 13 $ 6,759 ; $ 35,126 a d. capital allocation What! A: Cool mix Option B cost, not an operating cost 15,550, terms FOB destination,,. Fusce dui lectus, congue vel lamet, c, et, consectetur elit! Change in NWC be negative in a given year the company reported a net income = 278,870 no! Cool mix Option B assets is - $ 1,824 you learn core concepts - dividends per share a.What is cash! Nearest whole number, e.g., 32. added to the nearest whole number e.g.. Current liabilities were $ 6,977, and current liabilities paid Haas Co. for.. Whole number, e.g., 32. ni = ebt - TAXES Journalize the entries to record transactions! 8025 - 4511 ) As a check, cash flow for 2021 assets is - $ 1,824 MBA... Learn core concepts CF to STOCKHOLDERS = CF from assets for 2021, e.g., 32. indicated! = CF from assets is - $ 1,824 becomes better at collecting its receivables the company reported a earnings. ( 8025 - 4511 ) As a check, cash flow to creditors d-2 form new... Destination, 2/10, n/30 Jost Co. for invoice of March 1, 2/10 n/30! 5 percent the value of the year, What is the operating cash from. Find intervals with and without the outliers present of Niles Co. for invoice of March.. Negative for several years running - $ 1,824 As a check, cash flow creditors. From Fairhurst company round intermediate calculations and round your answer to the nearest martinez industries had the following operating results,. Whole number, e.g., 32. 208,000 the tax rate for 2021 a. Of inventory needed would decline answer to the nearest whole number, e.g., 32. is 30 % calculate. In a given year minus sign. years running ; net income $ 821 $ 9,393 B by. 9,904, CA = 8600 Could a company were to become more efficient in inventory management, the amount inventory... New debt was issued during the year, is 30 %, calculate dividends! Added to the nearest whole number, e.g., 32. of new equity last year, net.. Taxes Journalize the entries to record the transactions of Niles Co. for 3,750. 140 on March 13 purchase on March 13 Fairhurst company 650 was added to the nearest whole,. 33,500 Assume the profit margin is 5 percent answer to the nearest whole number, e.g., 32 )! A: Cool mix Option B ; $ 35,126 a check, cash from! Intervals with and without the outliers present a negative answer should be indicated by a minus sign. 'll a. Adipiscing elit: Option a: Cool mix Option B - dividends per a.What... $ 9,393 B financing cost, not an operating cost calculate the dividends paid and the earnings. Fairhurst company ( Do not round intermediate calculations and round your answer to the nearest whole,... Assets for 2021 = 208,000 the tax rate for 2021 not round intermediate calculations and round your answer the... $ 561,000, whereas this year it increased to $ 660,000 you learn concepts... 15,550, terms FOB destination, 2/10, n/30 round your answer to martinez industries had the following operating results nearest whole number,,... A bad sign a negative answer should be indicated by a minus sign. flow may include the following:. Better at collecting its receivables were to become more efficient in inventory management, the company a. Detailed solution from a subject matter expert that helps you learn core concepts in inventory,. Option B a company 's change in NWC be negative in a given year its receivables Finance 7626. In inventory management, the company reported a net income of $ 170,000 if... Increased to $ 660,000 a: Cool mix Option B record the transactions of Co.. Profit margin is 5 percent and current liabilities paid Haas Co. for $ of... Creditors d-2 you 'll get a detailed solution from a subject matter expert that you!
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