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Elanso [62]
3 years ago
11

Statement of Cash Flows—Indirect Method

Business
1 answer:
GaryK [48]3 years ago
8 0

Answer:

<u>Statement of Cash Flows</u>

Cash flow From Operating Activities

Net income                                                                        $524,580

<em>Adjustment for Non Cash Items :</em>

Depreciation expense - buildings                                      $51,660

Depreciation expense - machinery and equipment        $22,680

Patent amortization                                                              $5,040

<em>Adjustments for Changes in Working Capital Items :</em>

Increase in Accounts receivable                                      -$73,080

Decrease in Inventories                                                    $134,680

Increase in Prepaid expenses                                           -$6,400

Decrease in Accounts payable                                        -$89,600

Net Cash From Investing Activities                                 $569,540

Cash flow From Investing Activities

Buildings                                                                           -$579,600

Net Cash From Investing Activities                                 -$579,600

Cash flow From Financing Activities

Mortgage Note                                                                  $224,000

Dividends Paid                                                                  -$123,480

Net Cash From Financing Activities                                 $100,520

Movement during the year                                                  $82,320

Cash and Cash Equivalents at beginning of the year     $360,920

Cash and Cash Equivalents at end of the year                $443,240

Explanation:

For Determination of Dividends Paid, open a Dividends Paid Account as follows :

Debit:

Cash  (Balancing figure) 123,480

Balance c/d                       32,760

Totals                               156,240

Credit

Balance b/d                      25,200

Dividends Declared         131,040

Totals                               156,240

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3 years ago
Dave is a close-up magician who is famous for his card tricks. He creates and sells DVDs of his magic tricks. Lately he has been
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Answer:

inbound logistics.

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Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

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Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

In this scenario, Dave creates and sells DVDs of his magic tricks.

Lately, Dave has been having some trouble getting his DVDs produced in a timely manner. Thus, of the five (5) primary activities in the value chain, this problem of not producing goods (DVDs) as at when needed by the viewers (end users) is most likely to occur in inbound logistics.

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3 years ago
WACC.  
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WACC for this question will be calculated as:

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Hope this helps,

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