Balance sheet showed long-term debt

Assignment Help Financial Management
Reference no: EM131524977

The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $5.6 million, and the 2015 balance sheet showed long-term debt of $5.85 million. The 2015 income statement showed an interest expense of $185,000. The 2014 balance sheet showed $550,000 in the common stock account and $4.7 million in the additional paid-in surplus account. The 2015 balance sheet showed $590,000 and $5.1 million in the same two accounts, respectively. The company paid out $555,000 in cash dividends during 2015. Suppose you also know that the firm’s net capital spending for 2015 was $1,410,000, and that the firm reduced its net working capital investment by $77,000. What was the firm’s 2015 operating cash flow, or OCF?

Reference no: EM131524977

Questions Cloud

Describe the responsibility of the social workers : "Who should benefit or suffer from the actions of the researcher?""Whose rights should take priority over those of others?"
Calculate the value of brooks operations : Brooks Enterprises has never paid a dividend. Free cash flow is projected to be $80,000 and $100,000 for the next 2 years, respectively, and after the second.
How racial disparity in sentencing affects judicial system : Write 1,050- to 1,400-word paper in which you include the following: How racial disparity in sentencing affects the judicial system
Why are they so popular in the international trade of goods : What is Commercial Paper? Who issues it, and for what purpose? What are Banker’s Acceptances and why are they so popular in the international trade of goods.
Balance sheet showed long-term debt : The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $5.6 million, and the 2015 balance sheet showed long-term debt of $5.85 million.
Define community policing : Define community policing (CP). What was the purpose behind implementing CP, and how is it intended to be implemented in police agencies
Calculate emc value of operations : EMC Corporation has never paid a dividend. Its current free cash flow is $400,000 and is expected to grow at a constant rate of 5 percent.
Calculate garnet inc free cash flow using balance sheet : How is it possible for an employee stock option to be valuable even if the firm's stock price fails to meet shareholders' expectations?
Explain what are main points and arguments of the author : What are the main points and arguments of the author(s)? How can the points and arguments of the author(s) be applied to the lesson in this unit?

Reviews

Write a Review

Financial Management Questions & Answers

  Determine the price today of the option

The risk-free rate is 10 percent. Determine the price today of the option. Then construct a risk free hedge of long stock and short option.

  A discount factor

A discount factor:

  What is the firms weighted average beta

What is the firm's weighted average beta?- What required equity rate of return should the firm use for average-risk projects in its natural gas pipeline division?

  Cost of capital and beta

Company "A" has a beta of 1.5 and a cost of capital of 25%. Company "B" has a beta of 0.8 and a cost of capital of 15%. When evaluated at a rate of 15%, the project shows an NPV of +$5 million, and when evaluated at a rate of 25%, the project shows a..

  Determine the diameter of the tower

Determine the diameter of the tower if the gas pressure drop within the packing is limited to 300 N/m3 of packing.

  How much dollar cash the company will receive

Crown Co. is expecting to receive 100,000 British pounds in one year. Crown expects the spot rate of British pound will decrease in a year, so it decides to avoid exchange rate risk by buying a put option. The strike price of put option is $1.53 per ..

  Which would require the purchase of piece of equipment

Middlefield Motors is evaluating project A, which would require the purchase of a piece of equipment for 382,000 dollars. During year 1, project A is expected to have relevant revenue of 193,000 dollars, relevant costs of 66,000 dollars, and some dep..

  Calculate the value of the buffelhead american put

Would you ever want to exercise an American put early?- Calculate the value of the Buffelhead American put.- Calculate the value of the put if it had been European-style.

  How many days does it take the firm to pay its suppliers

ABC Company has annual sales of $504,518. The cost of goods sold are $408,322. The firm has an accounts receivable balance of $11,167 and an accounts payable balance of $11,285. How many days does it take the firm to pay its suppliers?

  Computer system will require an initial outlay

A new computer system will require an initial outlay of $150,000, but it will increase the firm’s cash flows by $25,000 a year for each of the next 8 years. Calculate the NPV of the project using an 11% discount rate. Should the project be accepted a..

  What is MIRR-payback and discounted payback

Project K costs $52125 today. Its expected cash inflows are $12000/year for 8 years. With a WACC of 14%, what is the project’s NPV, IRR, MIRR, payback, and discounted payback?

  Find the future value at the end of year 6

On a purely subjective basis, which annuity do you think is more attractive? Why?- Find the future value at the end of year 6, FVA6, for both annuity X and annuity Y.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd