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Alexandra [31]
3 years ago
11

The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,405,000, $141,000 in the common stock account,

and $2,660,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed long-term debt of $1,590,000, $151,000 in the common stock account, and $2,960,000 in the additional paid-in surplus account. The 2016 income statement showed an interest expense of $94,500 and the company paid out $146,000 in cash dividends during 2016. The firm’s net capital spending for 2016 was $970,000, and the firm reduced its net working capital investment by $126,000.
What was the firm's 2016 operating cash flow, or OCF? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Business
1 answer:
spayn [35]3 years ago
3 0

Answer: $589,500

Explanation:

The cash flow to the creditors in 2016 will be calculated as:

= $94,500 – ($1,590,000 - $1,405,000)

= $94,500 – $1,590,000 + $1,405,000

= -$90,500

For the shareholders, the cash flow in 2016 will be:

= $146,000 – [($151,000 + $2,960,000) – ($141,000 + $2,660,000)]

= -$164,000

Capital spending = $970,000

Cash flow due to the net working capital investment = -$126,000

OCF

= -$90,500 + (-$164,000) + $970,000 + (-$126,000)

= $589,500

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Inventory records for Marvin Company revealed the following: Date Num of units unit cost Mar. 1 Beginning Inventory 1000 7.20 Ma
swat32

Answer:

Ending inventory= $5,040

Explanation:

Giving the following information:

Beginning Inventory= 1000 units for  $7.20

Mar. 10: Purchase= 600 units for $7.25

Mar. 16: Purchase= 800 units for $7.30

Mar. 23: Purchase= 600 units for  $7.35

Marvin sold 2,300 units.

Under the LIFO inventory method, the ending inventory cost is calculated using the first units incorporated to inventory.

Ending inventory in units= total units - units sold

Ending inventory in units= 3,000 - 2,300= 700 units

Ending inventory= 700*7.2= $5,040

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When the sales of a certain brand of diet soda slowed, a national grocery retailer decided to drop the price of that product, wh
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The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations
stepan [7]

Answer:

Sales quantity for A = $17,977

Sales quantity for B = $18,539

Sales quantity for C = $18,876

Explanation:

Given that

Monthly profit = $11,000

Fixed cost A = $5,000

Fixed cost B = $5,500

Fixed cost c = $5,800

The computation of given question is below:-

Every Sandwich Profit

= $2.65 - $1.76

= $0.89

Sales quantity = (Profit + Fixed cost) ÷ Profit per unit

Sales quantity for A = ($11,000 + $5,000) ÷ $0.89

= $17,977

Sales quantity for B = ($11,000 + $5,500) ÷ $0.89

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Sales quantity for C = ($11,000 + $5,800) ÷ $0.89

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The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to
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3 years ago
In large hotels, who is responsible for the recruitment of reservations staff?
artcher [175]

Answer:

C. the human resources manager

Explanation:

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3 years ago
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