Amelie received an email that claimed to be from a Nigerian prince who needed help setting up

A fundamental analysis is reviewing a corporation's income statement. For the period, the company reported net sales of $10 mill

Delicious77 [7]

Answer:

the company's cash flow from operations was $2,500,000.

Explanation:

<u>Calculation of cash flow from operations </u>:

Net Sales $10,000,000

Less Cost of Goods Sold ($6,000,000)

Gross Profit $4,000,000

Less Expenses :

Depreciation expense ($1,000,000)

Interest on long-term debt ($1,000,000)

Income tax expenses ($500,000)

Operating Profit / (Loss) $1,500,000

Add Back Depreciation $1,000,000

Operating Cash flow $2,500,000

5 0

3 years ago

HELP PLSSS

Mnenie [13.5K]

Answer:

1. is a qualification or level of competence that is authorized by a relevant third party to the specific qualification. It's usually in written form.

2. a- Gain work experience of the candidate.(eg occupational credentials) hence increasing earning capability.

b- Gain knowledge and proffessional skills that amounts to increase in competency lvls.

8 0

3 years ago

The following information is available for Ivanhoe Company for the year ended December 31, 2022.

aivan3 [116]

Answer and Explanation:

The preparation of the cash flow statement is presented below:

Cash Flows From Operating Activities

Net Income $497,175

Adjustments made:

Less: Increase in Accounts Receivable -$14,350

Less: Increase in Inventory -$19,250

Less: Decrease in accounts payable -$6,475

Add: Increase in Income tax payable $8,225

Add: Depreciation Expense $283,500

Net Cash Provided by Operating Activities (A) 748,825

Cash Flows From Investing Activities

Cash received for sale of land at book value $61,250

Less: Cash used to purchase a building -$505,750

Net Cash Provided by Investing Activities (B) -$444,500

Cash Flows From Financing Activities

Cash received from issuing bonds $350,000

Less: Cash used to purchase Treasury stock -$45,500

Less: Cash Dividends Paid -$21,000

Net Cash Used by Financing Activities (C) $283,500

Net Increase in Cash (A+B+C) $587,825

Add: Beginning cash balance 78,750

Ending cash balance $666,575

7 0

3 years ago

Many demographers predict that the United States will have zero population growth in the twenty-first century, in contrast to av

ANTONII [103]

Answer and Explanation:

Different things being constant, a slowdown in population growth will lead to an increase in the availability of capital per worker and output per worker.

At the steady state, output per worker will grow at the rate of g while. Thus, steady state per person output growth will be same, however total output will increase at the rate n+g.

In case of transition between steady states, during the transition phase, output per worker will grow at a rate greater than g. Overtime in the long run with a fall in population growth, total output will fall while output per worker will increase.

6 0

3 years ago

Wildcat, Inc., has estimated sales (in millions) for the next four quarters as follows:

slavikrds [6]

Answer:

Wildcat, Inc.

WILDCAT, INC. Cash Budget (in millions)

Q1 Q2 Q3 Q4

Beginning cash balance $78.00 $115.90 $48.45 $83.40

Net cash inflow 37.90 -67.45 34.95 71.05

Ending cash balance $115.90 $48.45 $83.40 $154.45

Minimum cash balance -40.00 -40.00 -40.00 -40.00

Cumulative surplus (deficit) $75.90 $8.45 $43.40 $114.45

Explanation:

a) Data and Calculations:

Q1 Q2 Q3 Q4 Q1

Sales (in millions) $165 $185 $205 $235 $180

Accounts receivable at beginning of the year = $71 million

Collection period = 45 days = 50% in each quarter and 50% in the next

Purchases for the quarter = 45% of next quarter's forecast sales

Payment period = 36 days

Wages, taxes, etc. = 20% of sales

Q1 Q2 Q3 Q4 Q1

Sales (in millions) $165 $185 $205 $235 $180

Cash collections:

50% quarter of sales 82.50 92.50 102.50 117.50

50% next quarter 71.00 82.50 92.50 102.50

Total cash collections 153.50 175.00 195.00 220.00

Purchases 83.25 92.25 105.75 81.00

Cash Payments:

80% month of purchase 66.60 73.80 84.60 64.80

20% following purchase 16.65 18.45 21.15

Total purchases payments 66.60 90.45 103.05 85.95

Wages, taxe, etc. 33 37 41 47

Interest and dividends 16 16 16 16

Capital outlay 99

Total cash disbursements 115.60 242.45 160.05 148.95

Net cash inflow 37.90 -67.45 34.95 71.05

Cash, beginning = $78 million

Desired minimum balance = $40 million

5 0

3 years ago