What was Owens Inc free cash flow in July

Assignment Help Financial Accounting
Reference no: EM132896847

Question - Owens, Inc. is a manufacturer of motorcycles and motorcycle accessories. In July 2020, Owens had several transactions: (1) Owens sold a motorycle to a customer for $13,500 - at the time of purchase, the customer paid Owens $9,100 in cash and put the remaining $4,400 on account (i.e., Owens booked a $4,400 account receivable); (2) Owens purchased $5,250 in paint from a paint supplier, and immediately paid for the entire order in cash; (3) Owens borrowed $20,000 from a bank; (4) Owens paid a $1,800 dividend to its owners. Based on those transactions, what was Owens, Inc's free cash flow in July 2020?

Reference no: EM132896847

Questions Cloud

Compute net cash provided by operating activities : Depreciation expense was $17,700. The following working capital accounts changed. Compute net cash provided by operating activities
Time and cost estimates for each strategy : Write a separate describing what specific tasks would be required to implement the strategy. Include time and cost estimates for each strategy.
Determine the cost of goods sold : Sampson Company's accounting records show the following for the year ending December 31, 2017: Using the periodic system, determine the cost of goods sold
Determine compliance in answering calls on second ring : Review grid above to determine compliance in answering calls on second ring - According to customary rules, was the HIM department compliant with answering
What was Owens Inc free cash flow in July : Owens paid a $1,800 dividend to its owners. Based on those transactions, what was Owens, Inc's free cash flow in July 2020
Modelling the game of bulgarian solitaire : You will practice implementing and processing arrays in ARM Assembly by modelling the game of Bulgarian Solitaire.
Describe organization environment : Describe the organization's environment, and evaluate its preparedness for virtualization.
Define and discuss foreign investment : Define and discuss Foreign Investment.
Prepare a cash budget : Baird Medical had a cash balance of $9,000 on January 1. The company desires to maintain a cash cushion of $7,000. Prepare a cash budget

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine the risk premium on common stock

Determine the risk premium on common stock. Determine the required return that common stock should provide.

  How the invisible hand guides the economy

In his book The Wealth of Nations, the original Adam Smith explained how the 'invisible hand' guides the economy. He claimed that, “It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their reg..

  Bond discount be reduced for the six months

On June 30, 2016, Hardy Corporation issued $11.5 million of its 12% bonds for $10.5 million. The bonds were priced to yield 14%. The bonds are dated June 30, 2016, and mature on June 30, 2026. Interest is payable semiannually on December 31 and July ..

  What is the contribution margin

The following selected data relates to Lazarus Corporation: Assuming 8,000 units are sold, what is the contribution margin?

  Compute the diluted eps for lyft

Compute the 2019 diluted EPS. During 2019, Lyft had earnings available to common shareholders of $2,500,000 and had 1,000,000 shares

  Calculate the profit made on the given transaction

On 1 May the Sea Traders Company purchased 200 spare parts for fishing boats, costing £20 each. Calculate the profit made on this transaction. Explain the impact of each transaction on the accounting equation.

  Prepare the journal entries to record the pension expense

Prepare the journal entries to record the pension expense and the contributions for 2020. Calculate the defined benefit obligation at December 31, 2020

  Prepared under the indirect method as

An increase in accounts receivable of $1,000 over the course of a year would be shown on the company's statement of cash flows prepared

  How long will take april to pay off her quiktrip credit card

What is April's minimum payment? How long will it take April to pay off her QuikTrip credit card? How much interest will April pay if she only pays the minimum

  What is the combined present value of the cash flows

Cash flow in two years, and pay $800 payment in three years. If interest rate is 10% per year, what is the combined present value of these cash flows?

  Prepare post-closing trial balance-classified balance sheet

Below is an alphabetical listing of all of the accounts for T.O.'s Dance Studio on 12/31/14. Assume all adjustments have been made and all balances are "normal". Prepare closing entries for T.O.’s Dance Studio. Prepare the post-closing trial balance ..

  What amount reported on the balance sheet for inventory

Moore Company purchased an item, Using the lower of cost or net realizable value rule, what amount should be reported on the balance sheet for inventory?

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