Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cash Flow Statement Operating Cash Flow Net Earnings 103,853 149,345 200,292 246,873 313,696 375,545 Plus: Depreciation & Amortization 30,300 27,270 24,543 22,089 19,880 Less: Changes

image text in transcribedimage text in transcribedimage text in transcribed
Cash Flow Statement Operating Cash Flow Net Earnings 103,853 149,345 200,292 246,873 313,696 375,545 Plus: Depreciation & Amortization 30,300 27,270 24,543 22,089 19,880 Less: Changes in Working Capital 17,892 Cash from Operations 134,153 176,615 224,835 268,962 333,575 393,437 Investing Cash Flow Investments in Property & Equipment Cash from Investing Financing Cash Flow Issuance (repayment) of debt 100,000 (10,000) Issuance (repayment) of equity (20,000) (10,000) (10,000) 900 000 (10,000) Cash from Financing 1,000,000 (20,000) (10,000) (10,000) (10,000) (10,000) Net Increase (decrease) in Cash 1, 134,153 156,615 214,835 258,962 323,575 383,437 Opening Cash Balance 1,134,153 1,290,768 1,505,603 1,764.565 2,083, 141 Closing Cash Balance 1,134,153 1,290,768 1,505,603 1,764,565 2,088,141 2,471,578Income Statement Reveneue 832,125 898,695 970,591 1,048,238 1,132,097 1,222,665 Gross Profit 832,125 898,695 970,591 1,048,238 1,132,097 1,222,665 Expenses Salaries and Benefits 317,000 317,000 317,000 317,000 317,000 317,000 Rent and Overhead 157,000 157,000 157,000 157,000 157,000 157,000 Utilities 103, 100 108, 100 108, 100 120,000 108, 100 110,000 Supplies 67,000 67,000 67,000 67,000 67,000 67,000 Depreciation & Amortization 30,300 27,270 24,543 22,089 19,880 17,892 Interest 2,700 2,400 2,100 1,800 1,500 Total Expenses 679,400 679,070 676,043 685, 189 670,780 670,392 Earnings Before Tax 152,725 219,625 294,548 363,049 461,317 552,273 Taxes 48 872 70,280 94,255 116, 176 147 621 176,727 Net Earnings 103,853 149,345 200,292 246,873 313,696 375,545Balance Sheet Assets Cash 1, 134,153 Property & Equipment 272,700 245,430 220,837 198,798 178,918 161,027 Total Assets 1,406,853 245,430 220,887 198,798 178,918 161,027 Liabilities Accounts Payable 303,000 58,110 52.299 47,069 42,362 38,126 Debt 100 000 80 000 70 000 60,000 50,000 40 000 Total Liabilities 403,000 138,110 122,299 107,069 92,362 78,126 Shareholder's Equity Equity Capital 900,000 900,000 900,000 900,000 900,000 900,000 Retained Earnings 103,853 253,198 453,490 700 364 1,014,059 Shareholder's Equity 1,389,605 1,003,853 1,153,198 1,353,490 1,600,364 1,914,059 2,289,605 Total Liabilities & Shareholder's Equity 1,406,853 1,291,308 1,475,789 1,707,433 2,006,421 2,367,731 Check 0.000 -1045877.589 -1254901.998 -1508634.256 -1827502.800 -2206703.948

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_2

Step: 3

blur-text-image_3

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

Project Management Accounting

Authors: Kevin R Callahan, Gary S Stetz, Lynne M Brooks

2nd Edition

1118078209, 9781118078204

More Books

Students also viewed these Accounting questions

Question

all three parts thanks

Answered: 1 week ago

Question

2. Value-oriented information and

Answered: 1 week ago

Question

1. Empirical or factual information,

Answered: 1 week ago

Question

1. To take in the necessary information,

Answered: 1 week ago