Question
A.) Category Prior Year Current Year Accounts payable 3,169.00 5,973.00 Accounts receivable 6,908.00 9,080.00 Accruals 5,664.00 6,039.00 Additional paid in capital 20,229.00 13,925.00 Cash ???
A.)
| Category | Prior Year | Current Year |
| Accounts payable | 3,169.00 | 5,973.00 |
| Accounts receivable | 6,908.00 | 9,080.00 |
| Accruals | 5,664.00 | 6,039.00 |
| Additional paid in capital | 20,229.00 | 13,925.00 |
| Cash | ??? | ??? |
| Common Stock | 2,850 | 2,850 |
| COGS | 22,786.00 | 18,716.00 |
| Current portion long-term debt | 500 | 500 |
| Depreciation expense | 999.00 | 951.00 |
| Interest expense | 1,271.00 | 1,134.00 |
| Inventories | 3,063.00 | 6,741.00 |
| Long-term debt | 16,841.00 | 22,603.00 |
| Net fixed assets | 75,301.00 | 73,976.00 |
| Notes payable | 4,085.00 | 6,508.00 |
| Operating expenses (excl. depr.) | 19,950 | 20,000 |
| Retained earnings | 35,067.00 | 34,658.00 |
| Sales | 46,360 | 45,526.00 |
| Taxes | 350 | 920 |
What is the firm's cash flow from financing?
B.)
| Category | Prior Year | Current Year |
| Accounts payable | 3,169.00 | 5,973.00 |
| Accounts receivable | 6,908.00 | 9,080.00 |
| Accruals | 5,664.00 | 6,039.00 |
| Additional paid in capital | 20,229.00 | 13,925.00 |
| Cash | ??? | ??? |
| Common Stock | 2,850 | 2,850 |
| COGS | 22,786.00 | 18,716.00 |
| Current portion long-term debt | 500 | 500 |
| Depreciation expense | 999.00 | 951.00 |
| Interest expense | 1,271.00 | 1,134.00 |
| Inventories | 3,063.00 | 6,741.00 |
| Long-term debt | 16,841.00 | 22,603.00 |
| Net fixed assets | 75,301.00 | 73,976.00 |
| Notes payable | 4,085.00 | 6,508.00 |
| Operating expenses (excl. depr.) | 19,950 | 20,000 |
| Retained earnings | 35,067.00 | 34,658.00 |
| Sales | 46,360 | 45,526.00 |
| Taxes | 350 | 920 |
What is the firm's cash flow from investing?
C.)
| Category | Prior Year | Current Year |
| Accounts payable | 3,169.00 | 5,973.00 |
| Accounts receivable | 6,908.00 | 9,080.00 |
| Accruals | 5,664.00 | 6,039.00 |
| Additional paid in capital | 20,229.00 | 13,925.00 |
| Cash | ??? | ??? |
| Common Stock | 2,850 | 2,850 |
| COGS | 22,786.00 | 18,716.00 |
| Current portion long-term debt | 500 | 500 |
| Depreciation expense | 999.00 | 951.00 |
| Interest expense | 1,271.00 | 1,134.00 |
| Inventories | 3,063.00 | 6,741.00 |
| Long-term debt | 16,841.00 | 22,603.00 |
| Net fixed assets | 75,301.00 | 73,976.00 |
| Notes payable | 4,085.00 | 6,508.00 |
| Operating expenses (excl. depr.) | 19,950 | 20,000 |
| Retained earnings | 35,067.00 | 34,658.00 |
| Sales | 46,360 | 45,526.00 |
| Taxes | 350 | 920 |
What is the firm's total change in cash from the prior year to the current year?
D.)
Today is Dereks 25th birthday. Derek has been advised that he needs to have $2,994,489.00 in his retirement account the day he turns 65. He estimates his retirement account will pay 6.00% interest. Assume he chooses not to deposit anything today. Rather he chooses to make annual deposits into the retirement account starting on his 29.00th birthday and ending on his 65th birthday. How much must those deposits be?
E.)
Derek can deposit $11,000 on each birthday beginning with his 26th and ending with his 65th. What will the rate on the retirement account need to be for him to have $3,000,000 in it when he retires on his 65th birthday?
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Cryptocurrency And Public Policy
Authors: Donavon Johnson
1st Edition
1032311231, 978-1032311234
