All categories

3 years ago

The following information is available for Windsor Corporation for the year ended December 31, 2022.

Business

1 answer:

expeople1 [14]3 years ago

7 0

Answer:

Windsor Corporation Statement of Cashflows For

Year Ended December 31, 2022

Cashflow from Operating Activities:

Net Income $337,500

Adjustments to reconcile net income to

Net Cashflow from Operating Activities:

Add: Depreciation 82,000

Less: Accounts Payable decrease (3,300)

Accounts Receivable increase (9,200)

Inventory increase (12,300)

Add: Income tax payable increase 4,900

$62,100

Net cashflow: Operating Activities $399,600

Cashflow from Investing activities:

Add: Sale of Land 40,000

Less: Purchase of Building (149,500)

Net cashflow: Investing activities ($109,500)

Cashflow from Financing activities:

Less: Cash dividends paid (10,100)

Purchase of treasury stock (37,000)

Add : Bond issuance 225,000

Net cashflow: Financing activities $177,900

Total Cashflow increase (decrease) $468,000

Beginning Cash balance $40,000

Ending Cash balance $508,000

You might be interested in

Nichols Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IR

cestrela7 [59]

Answer:

a. 9.43%

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator.

Cash flow in year zero = −$1,250

Cash flow each year from year one to five = $325

IRR = 9.43%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

3 0

4 years ago

Help me help me help me

Minchanka [31]

Answer:

234.03

Explanation:

If you do the math and multiply both the percentages by 3329 and subtract them you’ll get the answer! To multiply you have to turn the percentages into decimals

5 0

3 years ago

Orange, Inc. has identified the following cost drivers for its expected overhead costs for the year:

Zarrin [17]

Answer:

the total overhead cost is $1,560

Explanation:

The computation of the total overhead cost for product X is given below:

Setup cost = 40,000 ÷ 200 × 4 = 800

Ordering cost = 20,000 ÷ 1,000 × 8 = 160

Maintenance cost = 50,000 ÷ 5,000 × 50 = 500

Power = 10,000 ÷ 10,000 × 100 = 100

Hence, the total overhead cost is $1,560

6 0

3 years ago

Consider this scenario: a company that buys a sizeable amount of equipment for its manufacturing process needs to accurately rep

leva [86]

This company which is considering how robust the data might be, but might also involve it auditors to examine the technology in place to gather the data itself is using an integrated audit to address its concerns. An integrated audit considers information technology, financial and operational controls as mutually dependent for establishing an effective and efficient internal control environment.

3 0

3 years ago

As of December 1, Year 2, a company obtained a $1,000,000 line of credit maturing in 1 year on which it has drawn $250,000, a $7

NISA [10]

Answer:

B) Current liabilities of $400,000; long-term liabilities of $900,000.

Explanation:

Option B, detailed as follows:

$250,000, taken from the bank's credit line that expires in 1 year, therefore, is a current Liability.

$150,000 of Current Liability that comes from the annual installments of the secured note of $750,000, the other $600,000 is Long Term.

Finally, $300,000, Long Term of 3-year balloon note.

$250,000 + $150,000 = $400,000 Current Liabilities.

$600,000 + $300,000 = $900,000 Long Term Liabilities.

5 0

3 years ago