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Profits versus Cash Flow. Butterfly Tractors had $14 million in sales last year. Cost of goods sold was S8 million, depreciation expense was $2 million, interest payment on outstanding debt was $1 million, capital expenditures were $1 million, and the firn's tax rate was 35 percent.
a. What were the firm's net incomes? Cash flows from operations, and cash flow from assets?.
b. What would happen to net income and cash flows if depreciation were increased by $1 million? How do you explain the differing impact of depreciation on income versus cash flow?
c. Would you expect the change in income and cash flows from the change in depreciation to have a positive or negative impact on the firm's stock price?
d. Now consider the impact on net income and cash flow if the firm s interest expense were $1I million higher. Why is this case different from part (b)?
Company C's variable manufacturing overhead rate is $2.00 per direct labor-hour and the company's fixed manufacturing overhead is $40,250 per quarter. The only non-cash expense included in the fixed overhead is depreciation of $12,000 per quarter.
Alpine Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2014 totaled $20,000 of materials, $8,000 of direct labor costs, and $8,000 of manufacturing overhead applied.
Give the entries to record the retirement of the machines and the periodic depreciation for the years 2006-2011 inclusive.
Compute the predetermined overhead rate for each department and compute the total manufacturing costs assigned to jobs in January in each department.
Show the effects of recognizing the NSF check on the financial statements by recording the appropriate amounts in a horizontal statements model
1 there were bank service charges for june of 25.2 a bank memo declared that bao dais note for 1200 and interest of 36
Santos Company currently manufactures one of its crucial parts at a cost of $3.20 per unit. This cost is based on a normal production rate of 70,000 units per year. Variable costs are $1.70 per unit, fixed costs related to making this part are $70..
question 1 for the past five years the rs company has produced and sold electronic magnets to chemistry labs throughout
Assume that the performance of the top manager is evaluated and rewarded largely on the basis of reported profit. Which costing method would the manager prefer? Why?
the income statement for menage industries for 2011 is as follows.menage industries incomestatementfor yearended31
Its fair value is $19,000, and cash of $5,000 is paid. Prepare the entry to record the exchange, assuming the transaction has commercial substance.
Prepare the Cash Flows from operating Activities section of the statement of cash flows using the indirect method.
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