1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Westkost [7]
3 years ago
7

The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed

long-term debt of $2.21 million. The 2018 income statement showed an interest expense of $255,000. During 2018, Kerber's Tennis Shop, Inc., realized the following: Cash flow to creditors –$85,000 Cash flow to stockholders $170,000 Suppose you also know that the firm’s net capital spending for 2018 was $1,250,000, and that the firm reduced its net working capital investment by $45,000. What was the firm’s 2018 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Business
1 answer:
jeka57 [31]3 years ago
3 0

Answer:

$1,290,000

Explanation:

Given that,

Cash flow to creditors = -$85,000

Cash flow to stockholders = $170,000

Firm’s net capital spending for 2018 = $1,250,000

Firm reduced its net working capital investment by $45,000

Cash Flow from Assets:

= Cash Flow to Creditor + Cash Flow to Stockholders

= -$85,000 + $170,000

= $85,000

Cash Flow from Assets = OCF - Net Capital Spending - Change in Net Working Capital

$85,000 = OCF -  $1,250,000 - (-$45,000)

OCF = $85,000 + $1,250,000 - $45,000

        = $1,290,000

You might be interested in
In the contracting process, a licensee must be careful to:__________
olasank [31]

Answer:

c. drafting a contract illegally.

Explanation:

In the contracting process, a licensee must be careful to drafting a contract illegally. The licensee can be defined as an individual or group of people holding a license given to them by an authority or authorized agencies, to engage legally in an activity.

Hence, it is required by law that whatever the licensee does after the acquisition of a license must be legal and not a violation of standard rules, and policies of the state or society. Licensee are to abide by the terms and conditions of the license.

7 0
3 years ago
Refined Grains, Inc., agrees to sell to sunny cereal company a certain quantity of refined oats each week but no mention is made
lions [1.4K]

Answer:

sddasdhasjdasd

Explanation:

7 0
3 years ago
A client would like to implement a management information system that integrates all functional areas within an organization to
ahrayia [7]

An enterprise resource planning system is most effective for this application.

<u>Option: C</u>

<u>Explanation:</u>

The centralized monitoring of large corporate activities, mostly in live time, and through software often technology mediation, highlighted as a Enterprise resource planning. ERP is generally understood as a type of information management tools that a company can utilize to acquire, store, process, and analyze data from multiple business operations.

It offers a constantly updated and organized representation of key firm operations by utilizing popular databases managed by a database management process. ERP programs monitor the capital of firm like: raw material, money, manufacturing capabilities and business obligations status like: order of purchase and payroll.

3 0
3 years ago
Which email message has a negative tone? (NEEDED SOON!!)
Shtirlitz [24]
The answer is C
“There’s nothing we can do about it”

A,B and D have a positive tone.
But C sounds kinda mean
8 0
2 years ago
Corporate executives at LikeReal, Inc. decide to compete in the remote model airplane industry by making the largest model plane
steposvetlana [31]

Answer:

Business strategy

Explanation:

The idea to compete in a remote model air-plane industry is a part of the business strategy of like real.  This is a business strategy because the decision has been made to compete in an industry to gain more customers and to improve their share in the market.  It will also help like real to strengthen their performance and organisational goals.

5 0
3 years ago
Other questions:
  • A local partnership is liquidating and is currently reporting the following capital balances: LO 15-1 LO 15-1 LO 15-3 LO 15-3 Ba
    11·1 answer
  • Which of the following will affect the size of your monthly mortgage payment?
    7·2 answers
  • If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years
    7·1 answer
  • Which of the following is generally NOT true and an advantage of going public? a. Facilitates stockholder diversification. b. Ma
    5·1 answer
  • Le 3-3. assume that zimbabwe and portugal each has 60 machine minutes available. originally, each country divided its time equal
    10·1 answer
  • Marcelino Co.’s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are
    12·1 answer
  • If total liabilities decreased by $26,185 during a period of time and owner's equity increased by $33,571 during the same period
    7·1 answer
  • How do price changes drive markets toward equilibrium?
    5·1 answer
  • On September 1 of the current year, Mr. Z, a cash-basis, calendar-year, self-employed mechanic, borrowed $10,000 at 10% for 5 ye
    12·1 answer
  • What’s the fewest number of participants or any one type (any single profile or persona) you should include in a user-based test
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!