Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 12 Not yet answered Marked out of 1.00 Flag question Gadget Tech Corporation shows the following information on its 2019 income statement: Sales $250,000

image text in transcribed

Question 12 Not yet answered Marked out of 1.00 Flag question Gadget Tech Corporation shows the following information on its 2019 income statement: Sales $250,000 Costs of goods sold $105,600 Marketing expenses $10,000 Administration cost $20,000 Depreciation $10,900 Interest paid $15,000 Corporation tax 32% Dividend $35,000 In addition, during 2019, the firm issued $100,000 in new equity during and paid $36,000 in outstanding long-term debt. Based on the above information, compute the cash flow to the shareholders. Select one: C a. - $56,000 b. - $65,000 c. $135,000 d. $153,000

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

Urban Public Finance

Authors: D. Wildasin

1st Edition

0415851882, 978-0415851886

More Books

Students also viewed these Finance questions

Question

What is meant by 'Wealth Maximization ' ?

Answered: 1 week ago