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3 years ago

Condensed financial data of Saffordville Company are shown below.

Business

2 answers:

Ann [662]3 years ago

5 0

Answer:

Explanation:

The statement of cash flow is given below;

SAFFORDVILLE COMPANY

CASH FLOW STATEMENT

Cash flow from operating Activities

Net Income $112660

Add or subtract that effect net income

Depreciation $30500 $30500

Changes in operating Assets & Liabilities

Cash(102700-33400) $69300

Accounts receivable(37000-60800) $-23800

Inventory(102650-126900) -$24250

Equipment(205000-315000) -$110000

Investments(107000-79500) $27500

Accounts Payable(57000-48280) $8720

Accrued expenses payable(15100-18830) -$3730

Bond payable(145000-70000) $75000

Common stock(250000-200000) $50000

Retained earnings(172600-107940) $64660

New equipment purchased in cash -$146000

(assume that which is not considered

in given Balance sheet)

Cash Dividend -$48000 -$60600

(assume that which is not

considered in the given

Balance sheet)

Net Cash Balance as on 31.12.2017 $82560

konstantin123 [22]3 years ago

4 0

Answer:

The answer is attached

Explanation:

Because of the lots of workings and calculation, the question is solved in excel sheet and attached for ready reference.

Download xlsx

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Pablo Company has budgeted production for next year as follows:QuarterFirst Second Third FourthProduction in units 48,000 88,000

Margaret [11]

Answer:

271,500 pounds

Explanation:

Given:

Quarter FIRST SECOND THIRD FOURTH

Production in unit 48000 88000 98000 78000

Raw material per unit 3 3 3 3

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Thus,

Need for material = Production in unit × Raw material per unit

=================================================================

Quarter FIRST SECOND THIRD FOURTH

Need for material in production 144,000 264,000 294,000 234,000

Desired ending inventory = 25% of next quarter's production needs for material

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ADD:

Desired ending inventory 66000 73500 58500

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Total need of material = Need for material in production + Desired ending inventory

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Quarter FIRST SECOND THIRD FOURTH

Total need of material = 210,000 337,500 352,500

Beginning inventory 38000 66000 73500

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Total purchase = Total need of material - Beginning inventory

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Quarter FIRST SECOND THIRD FOURTH

Total purchase = 172,000 271,500 279,000

Hence,

The answer is 271,500 pounds

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Answer:

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Explanation:

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