Reference no: EM133099790
Question 1 - Mulono Inc. had the following cash flows during June:
Paid for inventory $2,000
Paid wages to employees 4,000
Received from cash sales 10,000
Paid for equipment 10,000
Sold old delivery vehicle 6,000
Received a loan 7,000
What is the net cash flow from operating activities?
Question 2 - The Hungry Chips Shop reported the following information for its most recent fiscal year: Accounts payable increased by $59,000; inventory increased by $27,000; net profit was $66,000; and depreciation expense was $15,000.
On the cash flow statement, net cash flow from operating activities should be reported at?
Question 3 - Lumo Ltd reported sales of $600,000 for the year ending 30th June 2021. The net profit before interest and tax was $200,000, and the net profit after tax was $90,000. The total assets were $2,000,000 in 2020 and $3,000,000 in 2021. The average shareholders' equity was $1,200,000 for the year ending 30th June 2021.
1. What is the asset turnover for the year ending 30th June 2021?
2. What is the return on equity for the year ending 30th June 2021?
Question 4 - Sancho Company sells a product for $50 per unit, with $37 per unit in variable costs and $55,000 in total fixed expenses. How many units of Sancho's products must be sold for the company to break even?
Question 5 - Mimi Ltd makes 40,000 golf balls each year. Each golf ball sells for $5, and the golf balls cost $100,000 to create. The fixed plant and equipment required to manufacture golf balls costs $15,000 per period.
1. How much revenue does Mimi Ltd need to generate to achieve break even?
2. How many golf balls does Mimi Ltd need to sell to generate $10,000 profit?
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