Question
1. Black River Adventures has net income of $2,918, interest expense of $1,415, sales of $22,950, and costs of $10,480. What is the amount of
1. Black River Adventures has net income of $2,918, interest expense of $1,415, sales of $22,950, and costs of $10,480. What is the amount of the depreciation expense if the firms tax rate is 35 percent? |
$7,980.77
$8,137.00
$6,565.77
$2,717.86
2. Lexington Motors had current assets of $12,700, net fixed assets of $47,700, and current liabilities of $10,000 at the beginning of the year. At the end of the year, the firm had current assets of $11,500, net fixed assets of $50,100, and current liabilities of $10,550. What is the amount of the change in net working capital for the year? |
$650
$1,250
$1,750
$3,650
3. Premier Foods has an operating cash flow for the year of $19,600. At the beginning of the year, the firm had current assets of $4,750, net fixed assets of $39,400, and current liabilities of $5,050. At the end of the year, the firm had current assets of $5,400, net fixed assets of $38,600, and current liabilities of $5,800. What is the amount of the cash flow from assets for the year if the depreciation expense was $2,250? |
$18,050
$18,250
$19,600
$18,900
4. Sunshine Tours had 3,900 shares of stock outstanding at the beginning of the year. On March 31, the firm sold an additional 650 shares at a price per share of $33.5. On June 30, the firm issued an annual dividend of $2.60 per share. What was the cash flow to stockholders for the calendar year? |
$9,945
$33,605
$33,605
$9,945
5. For the past year, Bloomington Industries had an operating cash flow of $3,900. The firm paid no dividends but did repurchase $5,600 worth of common stock. The net capital spending was $660 and the change in net working capital was $300. What was the cash flow to creditors? |
$8,540
$2,660
$5,240
$7,580
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started