Reference no: EM13983578
Prepare a Statement of Cash Flows. Cite all references used and detail formulas and or calculations. Review the income statement for the Country Vista Company.
You will use the income statement to help you complete Part 1 and Part 2 below.
Part 1: Indirect Method
Using Excel, prepare the Statement of Cash Flows Indirect Method.
Your SOCF should be based upon the income statement and the additional information below:
Additional Information:
Increase in Accounts Receivables=$4,000
Increase in Accounts Payables=$16,000
Increase in Income Taxes Payable=$300
Decrease in Prepaid Expenses=$10,000
Decrease in Merchandise Inventory=$14,000
Decrease in Long Term Notes Payable=$20,000
Cash Paid to Purchase Land=$50,000
Cash Paid to Purchase Equipment=$15,000
Cash Paid to Retire Bonds=$25,000
Cash Paid to for Dividends=$10,000
Cash Received from the Sale of common stock=$50,000
Cash at the start of the year=$24,000
Part 2: Direct Method
Using Excel and the below information please prepare the complete statement of cash flows using the direct method.
Additional Information:
Cash Received from Customers=$80,000
Cash Payments for Merchandise=$10,000
Cash Payments for Operating Expenses=$5,000
Cash payments for Interest=$6,000
Cash Payments for Income Taxes=$3,000
Income Statement |
For the Year Ended December 31, 2011 |
|
|
|
Sales |
|
$248,000 |
Cost of Goods Sold |
|
$116,000 |
Gross Profit |
|
$132,000 |
Operating Expenses |
|
|
Wages and Salaries Expense |
$44,000 |
|
Rent Expense |
$16,000 |
|
Depreciation Expense |
$30,000 |
|
Other Operating Expenses |
$18,000 |
$108,000 |
Income from Operations |
|
$24,000 |
Gain on Sale of Equipment |
|
$26,000 |
Income before Income Taxes |
|
$50,000 |
Income Tax Expense |
|
$17,500 |
Net Income |
|
$32,500
|
Track of the proportion of the time
: Write a computer program to simulate the queue in Exercise 20. Have your program keep track of the proportion of the time that the queue length is j for j = 0, 1, . . . , n and the average queue length.
|
Power of the transition matrix
: 1. Define f (r) to be the smallest integer n such that for all regular Markov chains with r states, the nth power of the transition matrix has all entries positive. It has been shown,14 that f (r) =r2 - 2r + 2.
|
Draw a graph how electric field varies with radial distance
: A point charge of 5 μC is then placed at its centre. Draw on, the figure below in Electrical Field Lines both inside and outside the shell and any charge that is induced on the hollow shell. Draw a graph (including values) of how the electric fiel..
|
Probability vector for appropriate seven state markov chain
: Let Sn denote the total of the outcomes through the nth toss. Show that there is a limiting value for the proportion of the first n values of Sn that are divisible by 7, and compute the value for this limit. Hint : The desired limit is an equilibrium..
|
Review the income statement for the country vista company
: Prepare a Statement of Cash Flows. Cite all references used and detail formulas and or calculations. Review the income statement for the Country Vista Company. You will use the income statement to help you complete Part 1 and Part 2 below.
|
Problem regarding the transition matrices
: Prove that, if a 3-by-3 transition matrix has the property that its column sums are 1, then (1/3, 1/3, 1/3) is a fixed probability vector. State a similar result for n-by-n transition matrices. Interpret these results for ergodic chains.
|
Why do you think so few requests were received
: Tanglin Polymers Case Study - Why do you think so few requests were received? Explain your answer. What would you have done differently
|
But how does affect the economy
: This question should interest all Americans. Oil prices either high or low, influence most aspects of our life's. There are some obvious effects of oil prices, for instance the price at the pump, but it goes a lot further than that.
|
How fast did you throw the ball
: Being the curious person you are, this raises a number of interesting questions. How fast did you throw the ball? How high up did the ball get?
|