Reference no: EM133056365
Question - The following selected data for the Food Factory Corporation were gathered by the accountants for the year ended December 31, 2020, who are responsible for preparing the financial statements:
Cost of goods sold $47,300
Depreciation expense 14,100
Other operating expenses 15,700
Loss on sale of investments 1,900
Gain on sale of capital assets 6,200
Sales revenue 99,700
Interest revenue 7,100
Dividend revenue 3,200
Salary expense 24,700
Interest expense 5,200
Income tax expense 2,700
Net income 4,600
Other relevant data gathered by the accountants:
Accounts receivable decreased $12,600
Inventory increased 7,800
Prepaid expenses decreased 2,300
Accounts payable increased 19,400
Salary payable increased 1,400
Accrued liabilities decreased 4,900
Income tax payable increased 700
Acquisition of capital assets 42,000
Issuance of common shares 75,000
Proceeds from sale of investments 29,000
Collection of loan principal 25,200
Payment of dividends 18,000
Purchased equipment by signing a note payable 25,000
Proceeds from sale of capital assets 26,700
Proceeds from sale of repurchased shares 25,000
Required - Prepare only the operating activities section cash flow statement for the year ended December 31, 2020 under ASPE, using the indirect method and including a schedule of noncash investing and financing activities, if necessary.
Explain the mutual fund and passive fund
: Develop a PowerPoint presentation which describes the corporate bond you recommend which you believe would be suitable for me and, including:
|
What is the npv of deal
: 1. Gloria wants to be a real estate investor. She has found a property she thinks might be a good deal. She has done some research about the property that has l
|
What is after-tax wacc
: One of your new employees notes that your debt has a lower cost of capital (5%) than your equity (15%). So, he suggests that the firm swap its capital structure
|
What is the value of a right
: Smart, Inc., is proposing a rights offering. Presently there are 350,000 shares outstanding at $68 each. There will be 55,000 new shares offered at $56 each.
|
Prepare operating activities section cash flow statement
: Prepare only the operating activities section cash flow statement for the year ended December 31, 2020 under ASPE, using the indirect method
|
Calculate initial cash flow of butterfly spread
: Calculate her initial cash flow of butterfly spread. If it's a cash inflow, enter a positive number. If it's a cash outflow, enter a negative number.
|
After how many years will initial investment have doubled
: Maria has a $5,000 investment with an annual compound interest rate of 15.6%. After how many years will the initial investment have doubled in value
|
Compute omega discounted payback period
: The payback method helps firms establish and identify a maximum acceptable payback period that helps in capital budgeting decisions. There are two versions of t
|
Prepare journal entries relating to the stock option plan
: Prepare journal entries relating to stock option plan for the years 2021, 2022, and 2023. Assume that the employee performs services equally in 2022 and 2023
|