Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Baldwin Corp. ended the year carrying $14,264,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would

Baldwin Corp. ended the year carrying $14,264,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would it have brought to Baldwin Corp.?

image text in transcribed

Cash Flow Statement Survey Andrews Baldwin Chester Digby $12,885 $18,980 ($1,053) $464 $8,624 $9,775 $0 $13,527 $0 $13,224 $0 $0 Cash flows from operating activities Net Income (Loss) Adjustment for non-cash items: Depreciation Extraordinary gains/losses/writeoffs Changes in current assets and liabilities: Accounts payable Inventory Accounts receivable Net cash from operations Cash flows from investing activities Plant improvements (net) Cash flows from financing activities Dividends paid Sales of common stock ($5,005) $36,106 ($248) $53,513 $1,567 ($650) ($2,649) $25,871 ($1,103) $7,040 ($5) $18,405 $806 $4,283 ($2,220) $16,556 ($18,278) ($35,400) ($25,340) ($53,460) $0 $7,073 Purchase of common stock $0 $0 $0 ($2,000) $7,000 $0 ($9,000) $12,000 $0 Cash from long term debt issued Early retirement of long term debt Retirement of current debt Cash from current debt borrowing Cash from emergency loan Net cash from financing activities Net change in cash position $0 $5,368 $0 $21,171 $0 ($14,206) $18,810 $0 $21,463 $0 $0 $19,374 $0 $35,253 $0 ($21,783) $21,533 $0 ($25,132) $28,615 $0 $8,000 $31,143 $54,377 $32,019 $25,084 $43,235 $21,614 $17,473 Cash Flow Statement Survey Andrews Baldwin Chester Digby $12,885 $18,980 ($1,053) $464 $8,624 $9,775 $0 $13,527 $0 $13,224 $0 $0 Cash flows from operating activities Net Income (Loss) Adjustment for non-cash items: Depreciation Extraordinary gains/losses/writeoffs Changes in current assets and liabilities: Accounts payable Inventory Accounts receivable Net cash from operations Cash flows from investing activities Plant improvements (net) Cash flows from financing activities Dividends paid Sales of common stock ($5,005) $36,106 ($248) $53,513 $1,567 ($650) ($2,649) $25,871 ($1,103) $7,040 ($5) $18,405 $806 $4,283 ($2,220) $16,556 ($18,278) ($35,400) ($25,340) ($53,460) $0 $7,073 Purchase of common stock $0 $0 $0 ($2,000) $7,000 $0 ($9,000) $12,000 $0 Cash from long term debt issued Early retirement of long term debt Retirement of current debt Cash from current debt borrowing Cash from emergency loan Net cash from financing activities Net change in cash position $0 $5,368 $0 $21,171 $0 ($14,206) $18,810 $0 $21,463 $0 $0 $19,374 $0 $35,253 $0 ($21,783) $21,533 $0 ($25,132) $28,615 $0 $8,000 $31,143 $54,377 $32,019 $25,084 $43,235 $21,614 $17,473

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Finance Book

Authors: Stuart Warner, Si Hussain

2nd Edition

1292401982, 978-1292401980

More Books

Students also viewed these Finance questions

Question

2. What are the prospects for these occupations?

Answered: 1 week ago