Business, 28.06.2019 07:00, lberries08
Cardinal industries had the following operating results for 2018: sales = $33,409; cost of goods sold = $23,771; depreciation expense = $5,907; interest expense = $2,665; dividends paid = $1,915. at the beginning of the year, net fixed assets were $19,850, current assets were $6,991, and current liabilities were $3,938. at the end of the year, net fixed assets were $24,421, current assets were $8,630, and current liabilities were $4,592. the tax rate for 2018 was 23 percent. a. what is net income for 2018? b. what is the operating cash flow for 2018? c. what is the cash flow from assets for 2018? d. if no new debt was issued during the year, what is the cash flow to creditors? e. if no new debt was issued during the year, what is the cash flow to stockholders?
Answers: 2
Business, 22.06.2019 02:50, dreyes439
Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest. extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of
Answers: 3
Business, 22.06.2019 21:00, nikkiwoodward1ovgszp
Warner inc. sells a high-speed retrieval system for mining information. it provides the following information for the year. budgeted actual overhead cost $965,700 $905,000 machine hours 58,570 49,200 direct labor hours 107,300 104,200 overhead is applied on the basis of direct labor hours. compute the predetermined overhead rate. predetermined overhead rate $ per direct labor hour link to text determine the amount of overhead applied for the year. the amount of overhead applied $
Answers: 1
Cardinal industries had the following operating results for 2018: sales = $33,409; cost of goods s...
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