Reference no: EM13974550
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,465,000, $153,000 in the common stock account and $2,780,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1,710,000, $163,000 in the common stock account and $3,080,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $100,500 and the company paid out $158,000 in cash dividends during 2014. The firm’s net capital spending for 2014 was $1,090,000, and the firm reduced its net working capital investment by $138,000. (Enter your answer as directed, but do not round intermediate calculations.)
Required:
What was the firm’s operating cash flow during 2014?
|
Loan amortization and ear
: LOAN AMORTIZATION AND EAR You want to buy a car, and a local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 12% with interest paid monthly. What will be the monthly loan pa..
|
|
Present value of an annuity
: PRESENT VALUE OF AN ANNUITY Find the present values of these ordinary annuities. Discounting occurs once a year. EFFECTIVE VERSUS NOMINAL INTEREST RATES Bank A pays 4% interest compounded annually on deposits, while Bank B pays 3.5% compounded daily...
|
|
What is the firms net operating working capital
: The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $2.6 million and net plant and equipment equals $2.1 million. It has notes payable of $140,000, long-term debt of $745,000,..
|
|
Interpretation of published accounts
: You are one of a team of investment analysts for World Wealth Management. Your role is to provide investment advice to high wealth individuals.
|
|
What was the firms operating cash flow
: The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,465,000, $153,000 in the common stock account and $2,780,000 in the additional paid-in surplus account. What was the firm’s operating cash flow during 2014?
|
|
Difference between taxable income-pretax financial income
: At the end of 2013, its first year of operations, Slater Company reported a book value for its depreciable assets of $40,000 for financial reporting purposes and $33,000 for income tax purposes. The depreciation was the only temporary difference betw..
|
|
Machining a particular part on either of two machines
: The process engineer at Strow bridge Metal works has the choice of machining a particular part on either of two machines. Orders for this part re received regularly, but the order size varies.. When the order is processed on machine A, four sequentia..
|
|
Strategy-market-competitive technology and regulatory
: Financial analysis of your chosen company AMAZON selected in Module 2. Following the nine-step assessment process introduced below and detailed in Assessing a Company’s Future Financial Health: Analysis of fundamentals: goals, strategy, market, compe..
|
|
Reduced by replacing common equity with preferred stock
: If a firm is exposed to a high degree of business risk as a result of its high operating leverage, then it probably should offset this risk by using a larger-than-average amount of financial leverage. This follows because debt has a lower after-tax c..
|