User Account

All Pages

What would be the impact on cash flow

Assignment Help Financial Accounting
Reference no: EM132948911

Question - Butterfly Tractors had $20.00 million in sales last year. Cost of goods sold was $9.20 million, depreciation expense was $3.20 million, interest payment on outstanding debt was $2.20 million, and the firm's tax rate was 21%.

a. What was the firm's net income?

b. What was the firm's cash flow?

c. What would happen to net income and cash flow if depreciation were increased by $2.20 million?

d. What would be the impact on cash flow if depreciation was $2.20 million and interest expense was $3.20 million?

Reference no: EM132948911

Questions Cloud

What the amount of net income or net loss for the period was : If beginning capital was $25,000, ending capital is $37,000, and the owner's withdrawals were $23,000, the amount of net income or net loss for the period was
Compute the weighted average common shares outstanding : Compute the Weighted Average Common Shares Outstanding. January 1, 2020 Shares outstanding 4,000,000. April 1, 2020 Shares issued 640,000.
Describe the key features of the trial balance : Describe the key features of the Trial Balance, Describe the key features of the Balance Sheet
What is the selling price of each gown : Bari Jay, a gown manufacturer, received an order for 880 prom dresses from China. What is the selling price of each gown
What would be the impact on cash flow : Cost of goods sold was $9.20 million, depreciation expense was $3.20 million, What would be the impact on cash flow
Indicate the billiards company should make an accrual : How do Indicate whether the Billiards Company should make an accrual, a footnote disclosure, or neither of these for the contingency.
How a business utilizes accrual journal entries : Find an article that discusses how a business utilizes accrual journal entries. Then, present a summary of the article or provide a real-life example.
Record the entries made at the date of issuance : Record the entries made at the date of issuance and the date of exercise, assuming all warrants are exercised on December 31, 2023.
Indicate the amount of cost of goods sold : Crane Company sells 297 units of its products for $21 each to Logan Inc. for cash. Indicate the amount of cost of goods sold

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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