Business, 18.02.2021 21:10, shamiya15

Cardinal Industries had the following operating results for 2018: Sales = $35,126; Cost of goods sold = $24,604; Depreciation expense = $6,077; Interest expense = $2,750; Dividends paid = $2,068. At the beginning of the year, net fixed assets were $20,020, current assets were $7,110, and current liabilities were $4,040. At the end of the year, net fixed assets were $24,574, current assets were $8,732, and current liabilities were $4,745. The tax rate for 2018 was 25 percent. a. What is net income for 2018? (Do not round intermediate calculations.)
b. What is the operating cash flow for 2018? (Do not round intermediate calculations.)
c. What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)
d-1. If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations.)
d-2. If no new debt was issued during the year, what is the cash flow to stockholders? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)
a. Net income
b. Operating cash flow
c. Cash flow from assets
d-1. Cash flow to creditors
d-2. Cash flow to stockholders

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 08:30, BigDough9090

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9

Answers: 2

continue

Business, 22.06.2019 10:30, pierrezonra

What are the positive environmental trends seen today? many industries are taking measures to reduce the use( _gold, carbon dioxide, ozone_) of -depleting substances and are turning to(_scarce, renewable, non-recyclable_) energy sources though they may seem expensive. choose one of those 3 option to fill the

Answers: 3

continue

Business, 23.06.2019 01:00, robert7248

The monthly demand equation for an electric utility company is estimated to be p equals 60 minus left parenthesis 10 superscript negative 5 baseline right parenthesis x, where p is measured in dollars and x is measured in thousands of killowatt-hours. the utility has fixed costs of $3 comma 000 comma 000 per month and variable costs of $32 per 1000 kilowatt-hours of electricity generated, so the cost function is upper c left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 32 x. (a) find the value of x and the corresponding price for 1000 kilowatt-hours that maximize the utility's profit. (b) suppose that the rising fuel costs increase the utility's variable costs from $32 to $38, so its new cost function is upper c 1 left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 38 x. should the utility pass all this increase of $6 per thousand kilowatt-hours on to the consumers?

Answers: 2

continue

Business, 23.06.2019 03:00, laywah4

The following information is needed to reconcile the cash balance for gourmet catering services.* a deposit of $5,600 is in transit.* outstanding checks total $1,000.* the book balance is $6,400 at february 28, 2019.* the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent.* the bank balance at february 28, 2019 was $17,410.* a deposit of $400 was credited by the bank for $4,000.* a customer's check for $3,300 was returned for nonsufficient funds.* the bank service charge is $90.what was the adjusted book balance?

Answers: 1

continue

Do you know the correct answer?

Cardinal Industries had the following operating results for 2018: Sales = $35,126; Cost of goods sol...