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Item14

Problem 2-24 Calculating Cash Flow [LO4]

Use the following information for Taco Swell, Incorporated, (assume the tax rate is 23 percent):

	2020	2021
Sales	$ 18,049	$ 18,858
Depreciation	2,406	2,514
Cost of goods sold	5,840	6,761
Other expenses	1,364	1,193
Interest	1,125	1,340
Cash	8,691	9,337
Accounts receivable	11,518	13,572
Short-term notes payable	1,704	1,671
Long-term debt	29,150	35,304
Net fixed assets	72,838	77,700
Accounts payable	6,287	6,730
Inventory	20,475	21,892
Dividends	2,129	2,344

For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and cost unit over the relevant range of 64,000 to 104,000 units is given below: Required: 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 94,000 units during the year at a selling price of $9.40 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Assume that the company produces and sells 94,000 units during the year at a selling price of $9.40 per unit. Prepare a contribution format income statement for the year. Note: Round your intermediate calculations to 2 decimal places