Solution-Construct the cash flow statement for the year 2014

Construct the cash flow statement for the year 2014

Assignment Help Accounting Basics

Reference no: EM131018304

Use the financial statements to answer below question

Ques : Construct the cash flow statement for the year 2014

Income Statement	2012	2013	2014
Sales Revenues		130,000	150,000
COGS (including Depreciation)		85,800	105,000
Depreciation		20,000	25,000
S&A Expenses		15,000	18,000
Operating Income		29,200	27,000
Interest Expense		12,000	15,000
Taxable Income		17,200	12,000
Income Tax (40%)		6,880	4,800
Net Income		10,320	7,200

Balance Sheet	2007	2008	2009
Cash & MS	20,000	30,000	28,000
Accounts Receivable	40,000	50,000	60,000
Inventories	75,000	80,000	100,000
Net PPE	120,000	140,000	160,000
Total Assets	255,000	300,000	348,000
Liabilities
Accounts Payable	50,000	60,000	85,000
Short-term Debt	45,000	72,000	85,000
LT Debt (8% Bonds)	75,000	74,000	80,000
Total Liabilities	170,000	206,000	250,000

Shareholders Equity	85,000	94,000	98,000

Price per share		$85.00	$77.00
No of shares	10,000	10,000	10,000
Dividends Paid		1,320	3,200

Reference no: EM131018304

Questions Cloud

Determine the percent saturation of hemoglobin in tissue : Determine the percent saturation of hemoglobin in tissue at normal temperature and at 43 degree?

What is retained earnings where do retained earnings come : What are organizational Expenses? Give a few examples. What is retained earnings? Where do retained earnings come from. Is retained earnings the same thing as cash? What is cumulative preferred stock?

Use the data provided in the attached excel spreadsheet : Use the data provided in the attached Excel spreadsheet to conduct a thorough financial analysis.

Compute the cost of the units transferred to the next : Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below:

Construct the cash flow statement for the year 2014 : Construct the cash flow statement for the year 2014

Ajax had average costs per unit of 10 when sales equaled : Ajax had average costs per unit of $10 when sales equaled 10,000 units and average costs per unit of $6.50 when sales equaled 24,000 units. Ajax had total costs of $50,000 when 5,000 units were sold. When sales equaled 12,000 units, total costs were ..

Assume that the company uses the weighted average method : Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for June for the first process.

Describe the core service concept that paychex provides : Describe the core service concept and benefits that Paychex provides to an SMB customer with its payroll outsourcing service. Compile a competitive analysis comparing the marketing strategies of Paychex to at least one of its competitors.

What would be some of your potential vulnerabilities : Think of an organization that you are familiar with. Assume that you are the IT Manager concerned with access control. Chose an area that you consider to be the most important with regards to access control. What is the biggest threat? What woul..

User Account

All Pages

Construct the cash flow statement for the year 2014

Reference no: EM131018304

Reference no: EM131018304

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT