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At the end of last year, Pink Power Company achieved $ 6 million in revenue (EBITDA). Depreciation expenses were $ 1.2 million, those of interest paid $ 800,000 and the corporate tax rate was 35%. At the end of the fiscal year the company had current assets that totaled $ 12 million, $ 4 million in accounts payable, $ 1.5 million in accumulated debt, $ 1.3 million in other debts payable, and $ 8 million in property, plant and equipment. Sup or n King Power that the company does not have excess cash, debt and equity used to finance its operations , it has no current liabilities and recognizes depreciation periodically.
Problem 1. Determine the net income or loss of the business. Explain how this result can help the manager in making decisions in the company.
Problem 2. Calculate the net working and operating capital. Explain the difference between the two results .
Problem 3. If the company had $ 6 million in property, plant and equipment the previous year and net operating working capital remained constant, what is the cash flow available from the company? Explain how the available flow result helps managers in the financial planning process.
Could you please research and explain if account balances in the general ledger are adjusted or not when an accounting change is reported under the retrospective approach?
What balance will be assigned to the noncontrolling interest in the consolidated balance sheet if Helms Company pays $90,000 to acquire 75 percent ownership in Rohan and goodwill of $20,000 is reported?
Determine and Indicate the amount of the reserve that can be deducted, and the net business income, for each of the years 2020 through 2023.
The revaluation surplus in the equity section of Light Company's December 31, 2x10 statement of financial position is? The amount of depreciation expense to be.
If it is more likely than not that future benefits from a deferred tax asset will not be realized in its entirety, a(n)? expense allowance is established.
Phil, age 30, is married and files a joint return with his spouse. On February 15, 2014, Phil establishes an IRA for himself and a spousal IRA for his spouse with a $10,000 contribution, $5,000 for himself and $5,000 for his wife. Phil’s spouse earne..
Indiana Jones Company had the following selected transactions. Journalize the adjusting entries at February 28.
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The gift card to purchase a water bottle. What would be the appropriate journal entry for the customer's purchase of the water bottle in February?
A company's inventory balance was $204,000 at 12/31/11 and $191,600 at 12/31/12. Its accounts payable balance was $81,600 at 12/31/11 and $85,800 at 12/31/12, and its cost of goods sold for 2012 was $734,400. The company's total amount of cash paymen..
Assuming this is the best information available regarding the future of this firm, what would be the most economically rational value of the stock today
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