What happened to net working capital during the year

Assignment Help Financial Accounting
Reference no: EM132833903

Question - A firm had after-tax income last year of $3.3 million. Its depreciation expenses were $0.3 million, and its total cash flow was $3.3 million. What happened to net working capital during the year?

Reference no: EM132833903

Questions Cloud

What difference does ownership make in answering question : Have you ever noticed that the grounds of city-owned parks are often more polluted and trashier than those of country clubs? Is it simply because people.
What eddie capital balances as of december should be : What Eddie's capital balances as of December 31, 20x5 should be? The partnership agreement provides Kathy with an annual salary of P20,000 plus a bonus of 5%
Record the transactions for the month of March : Record the transactions for the month of March 2020 using a financial transaction worksheet. Use the following accounts: Cash; Accounts Receivable
How much must be the share of ully : If the net income for the year was P28,000, how much must be the share of Ully? Ully receives a salary of P24,000 and Wanine receives a salary of P18,000
What happened to net working capital during the year : Its depreciation expenses were $0.3 million, and its total cash flow was $3.3 million. What happened to net working capital during the year
How much profit share will d receive : The partners, C and D, share profits 3:2. Assuming C's bonus iscomputed on profit after deducting said bonus, how much profit share will D receive?
What is the available appropriation for ink cartridges : Encumbrances and expenditures for the general fund. What is the available appropriation for ink cartridges as of February 28
How much is the partnership net income or net loss : If Mang Emil's ending capital is P120,000 lesser than his capital beginning, how much is the partnership net income or net loss for 20x9?
Why firms cannot make supernormal profits : Why firms cannot make supernormal/abnormal profits in the long-run in a perfectly competitive market. Your response should make reference

Reviews

Write a Review

Financial Accounting Questions & Answers

  Should the home lease or buy for walton nursing home

Which include maintenance, call for a $71,000 lease payment at the beginning of each year. WHN's tax rate is 40 percent. Should the home lease or buy?

  What is hiroko agi

Hiroko, a single taxpayer, has wage income of $70,000. In addition, she has $6,000 in long-term capital losses, $5,000 in long-term capital gains, and $3,000 in short-term capital gains. What is Hiroko's AGI for 2010?

  What is the decision based on irr

What is the decision based on IRR? As the finance manager for the company, which project or projects will be accepted? Explain your reasoning

  Find the book value of an asset is

Which of the following would usually be the greatest amount? Find The book value of an asset is. Inventory Shrinkage is caused by

  Will you use the cash basis or the accrual basis

Will you use the cash basis or the accrual basis? When will you account for the revenue that the business earns? How will you account for the expenses?

  What is the break-even point in unit sales and dollar sales

Olso Company prepared the following contribution format income statement based on a sales volume of 1,000 units ( the relevant range of production is 509 units to 1,500 units): What is the break -even point in unit sales? What is the break-even point..

  What is a work sheet

What is a work sheet? What is the last step in the completion of a worksheet? Why accountants make a worksheet? When is the closing process performed?

  Prepare the related journal entries for the year ended

Identify the type of lease in the case above and justify your answer based on the standard. Prepare the related journal entries for the year ended 2017 in Books

  Make the journal entries to record the issuance for novy co

Novy Corporation is planning to issue bonds, Prepare the journal entries to record the issuance of the bonds and interest payment on June 30 of this year.

  What is the npv of the new plant

What is the NPV of the new plant? Assume that RC has a 40% tax rate. Retlaw Corporation (RC) manufactures time-series photographic equipment.

  Write a report which distinguishes over and under applied

Write a report which distinguishes over and under applied overheads and what causes them, you can use calculations, formulas and types of costs

  Statement of cash flows-indirect method

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities - Statement of cash flows-indirect method

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd