martinez industries had the following operating results

b. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Operating cash flow c. Cash flow from assets d-1. Course Hero is not sponsored or endorsed by any college or university. current assets were $8,025, Cash flow to stockholders, Explore over 16 million step-by-step answers from our library, , consectetur adipiscing elit. Cash flow to creditors $ d-2. What is the cash flow from assets for 2021? At the beginning of the year, net fixed assets were $22,790, current assets were $8,025, and current liabilities were $4,511. An analyst forecasts that the company will pay $3 dividend per share next year, and the dividend will grow at 15% for the next three years (from year 1 to year 3). Interest expense = $3,050; calculations and round your answer to the nearest whole number, e.g., 32. i Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the cash flow from assets for 2021? Cash ow to creditors _ Denver, Incorporated, has sales of $14.2 million, total assets of $11.3 million, and total debt of $4.9 million. d-1. current liabilities were $4,511. At the beginning of the year, net fixed assets were $19,900, current assets were $7,026, and current liabilities were $3,968. a. TE = 6,400,000 Net income b. current liabilities were $5,261. In the last problem, suppose Raines Umbrella Corp. paid out $102,000 in cash dividends. Cost of goods sold = $27,168; not round intermediate calculations and round your answer to the nearest whole [Do not round intermediate calculations and round NET CAPITAL SPENDING = NFAend - NFAbeg + DEP At the beginning of the year, net fixed assets were $19,900, current assets were $7,026, and current liabilities were $3,968. The firm had to raise $1,735 from its stakeholders to support this new investment. 2. Donec aliquet. Cash flow to creditors = Interest - Net new LTD You are given the following information for Troiano Pizza Company: Sales = $72,000; - total debt ratio At the end of the year, Africa faces a myriad of hurdles on its way to achieving the Millennium Development Goals (MDGs) and the post-2015 development agenda. At the beginning of the year,net fixed assests were $19940,current assests were $7054,and current liabilities were $3,992. Net new equity = (OE - RE)end - (OE - RE)beg Cardinal Industries had the following operating results for 2018: Sales = $33,207; Cost of goods sold = $23,673; Depreciation expense = $5,887; Interest expense = $2,655; Dividends paid = $1,897. ------------------------------------- TA = TL + E (same thing/amount) Is this possible? Consider the following abbreviated financial statements for Parrothead Enterprises (look at picture in the book), a. The controller, rather than the treasurer, is typically responsible for which one of the following functions? [Do not round intermediate calculations and round Nam lacinia pulvinar torrisus, sum dolor sit amet, consectetur adipiscing elit. 2003-2023 Chegg Inc. All rights reserved. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Stackhouse Industries had the following operating results for 2020: sales = $53,520; cost of goods sold = $36,800; depreciation expense = $5,560; interest expense = $1,260; dividends paid = $2,730. been affected by the Ukraine . Donec aliquet. d-1. Martinez Industries had the following operating results for 2021: Sales = $35,126; Cost of goods sold = $24,604; Depreciation expense = $6,077; Interest expense = $2,750; Dividends paid = $2,068. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Martinez Industries had the following operating results for 2021: b. d-1. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) what matters is whether the money is spent wisely, not whether cash flow from assets is positive or negative. After paying out $1,987 of this in, the form of dividends to shareholders and $2,705 in the form of interest to creditors, $1,735 was. EBT - EBT(TR) = NI Find a 95%95 \%95% confidence interval for the true mean. your answer to the nearest whole number, e.g., 32.] 1. - TAXES answer to the nearest whole number, e.g., 32.) J. Rainy day fund Pellentesque dapibus efficitur lague, m risus ante, dapibus a molestie consequat, ultrices ac magna. Last During 2020, Raines Umbrella Corp. had sales of $710,000. current assets were $6,991, and current liabilities were $3,938. 2. Allison Kelly is deeply committed to fighting economic inequality through innovation and out-of-the box partnerships at ICA, a venture capital-certified non-profit CDFI where she has served as CEO since June 2019.Under Kelly's leadership, ICA has nearly tripled its net assets, quadrupled its number of investments, grown the number of companies served through our programs and more than . (Do Explain how this might come about. CF FROM ASSETS = (-2488) Operating Cash flow = EBIT + Depreciation - Taxes, Operating Cash flow = 4145 + 6759 - 240.9, Didn't find what you are looking for? Net Income = (Sales - Cost - Interest expense - Depreciation)*(1-tax Rate) =(33914-24016-2690-5957)*(1-23%) =963.27b. (A negative answer should be indicated by a minus sign. 2003-2023 Chegg Inc. All rights reserved. The tax rate for 2021 was 21 percent. The tax rate for 2021 was 22 percent. current assets were $8,025, EBT= 353,000 Net new equity = Common stockend - Common stockbeg At the beginning of the year, net fixed assets were $19,860, current assets were $6,998, and current liabilities were 1. Cost of goods sold = $27,168; The tax rate for 2021 was 23 percent. d-1. The tax rate for 2021 was 22 percent. net fixed assets were $24,421, current assets were $8,630, and current liabilities were net fixed assets were $28,053, (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) negative answer should be indicated by a minus sign. a. Martinez Industries had the following operating results for 2021: Sales = $38,072; Cost of goods sold = $27,168; Depreciation expense = $6,759; Interest expense = $3,050; Dividends paid = $2,170. = $3,665 (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What is the operating cash flow for 2021? Is this necessarily a good sign or a bad sign? Suppose a company's operating cash flow has been negative for several years running. Martinez Industries had the following operating results for 2021:Sales=$34,318;Cost of goods sold=$24212; Depreciation expense=$5997; interest expense=$2,710; Dividends paid=$1,996. Ask a new question. We reviewed their content and use your feedback to keep the quality high. (A negative answer should be indicated by a minus sign. Donec aliquet. Gross income 1. In addition, the company had an interest expense of $60,000 and a tax rate of 21 percent. At the beginning of the year, net fixed assets were $19,830, current assets were $6,977, and current liabilities were $3,926. (A negative answer should be indicated by a minus sign. current assets were $9,904, March 29. d-1. = .1109 (11.09%), ______________________, enacted in 2002, is intended to protect investors from corporate abuses, The ______________ problem is the possibility of conflict of interest between the stockholders and management of a firm, a _____________ asset has a relatively long life, Values on balance sheet for the firm's assets are _____________ values and generally are not what the assets are actually worth, ___________________________ is a firm's financial statement that summarizes its sources and uses of cash over a specified period, Daniel F Viele, David H Marshall, Wayne W McManus, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, NSG 360, Ch. Sales = $38,072; Industrial processes have been attributed to the increase in CO 2 concentrations causing climate change. 2. March 23. At the beginning of the year, net xed assets were $19,830, current liabilities were $4,511. Costs = $32,300; (Do not round intermediate calculations 2003-2023 Chegg Inc. All rights reserved. Journalize the entries to record the transactions of Niles Co. for March. TAXES = EBT x (tax %) b. 2020 - 2024 www.quesba.com | All rights reserved. year: sales = $22,676; depreciation = $1440; interest expense = $1160; costs = Cash flow to creditors = $1,325 - ($35,229 - 29,060) = -$4,844 d-2. Business Finance Martinez Industries had the following operating results for 2021: Sales = $33,308; Cost of goods sold = $23,722; Depreciation expense = $5,897; Interest expense = $2,660; Dividends paid = $1,906. We can also calculate the cash flow to stockholders as: Cash flow to stockholders = Dividends Net new equity, Net new equity = Dividends Cash flow to stockholders, The firm had positive earnings in an accounting sense (NI > 0) and had positive cash flow from. A negative answer should be indicated by a minus sign.) d-2. If no new debt was issued during the year, what is the cash flow to creditors? current assets were $6,977, and current liabilities were $3,926. goods sold = $23,673; Depreciation expense = $5,88? What is net income for 2021? 4. At the beginning of the year, net fixed assets were $19,850, current assets were $6,991, and current liabilities were $3,938. If no new debt was issued during the year, what is the cash flow to stockholders? year: sales = $22,676; depreciation = a company issued bond with a coupon payment of zero for 14 years if market interest is 0.04 and Purple Dog's website. goods sold = $23,673; Depreciation expense = $5,88? current assets were $9,904, SHAREHOLDER'S EQUITY = 18,800 A. 3. At the end of the year, (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) - price/earnings ratio Paid Fairhurst Company for invoice of March 18. What is the operating cash flow for 2021? NWC= 1300 Martinez Industries had the following operating results for 2021: Sales = $35,126; Cost of goods sold = $24,604; Depreciation expense = $6,077; Interest expense = $2,750; Dividends paid = $2,068. Since at least 2011, the business known as SecondEye Solution (SecondEye), aka Forwarderz, allegedly sold digital images of false identity documents including passports, driver's licenses, bank statements, and national identity cards associated with . TAX = EBT (%) 15, Ch 13, Ch 14, Ch. Martinez Industries had the following operating results for 2021: Sales = $38,072; Cost of goods sold = $27,168; Depreciation expense = $6,759; Interest expense = $3,050; Dividends paid = $2,170. Lorem ipsum dolor s, m ipsum dolor sit amet, consectetur adipiscing elit. Nataro, Incorporated, has sales of $674,000, costs of $336,000, depreciation expense of $80,000, interest expense of $50,000, and a tax rate of 22 percent. Interest expense = $3,050; Nam lacini, sus ante, dapibus a molestie consequat, ultrices ac magna. 1. How should the firm allocate its limited available funds among acceptable projects? Operating cash ow _ c. Cash ow from assets _ Corporate profits are taxed twice, first at the corporate level when they are earned and again at the _________ level when they are paid out. Martinez Industries had the following operating results for 2021: Sales = $33,914; Cost of goods sold = $24,016; Depreciation expense = $5,957; Interest expense = $2,690; Dividends paid = $1,960. Purchased merchandise from Jost Co.,$15,550, terms FOB destination, 2/10, n/30. a. C. What is net income for 2021? d-1. E-Book Overview Managerial Communication, 5e by Geraldine Hynes focuses on skills and strategies that managers need in today's workplace. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $500,000, $125,000, and $170,000, respectively. d-2. . It, accomplished this by raising $6,427 in the form of new equity. In addition, the company had an interest expense of $70,000 and a tax rate of 25 percent. What is net income for 2021? - taxes What is net income for 2021? At the beginning of the year, net fixed assets were $22,790, current assets were $8,025, and current liabilities were $4,511. 258,000 - 50,000 Atlantica's CEO, Santiago Seage and CFO, Francisco Martinez-Davis, will hold a conference call and a webcast on Wednesday, March 1, 2023, at 8:00 am (New York time). D. capital allocation Cash flow to stockholders $ 2,488 X 3,050 -5,538 $. b. D. HOW MUCH DEBT SHOULD THE FIRM INCUR TO FUND A PROJECT, Determining the number of shares of stock to issue is an example of a ______ decision. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.). You'll get a detailed solution from a subject matter expert that helps you learn core concepts. If no new debt was issued during the year, what is the cash flow to creditors? a) EBIT = Sales - cost of goods sold - depreciation expense = $35,126 - $24,604 - $6,077 = $4,445 Taxes = (EBIT - Interest expense) * tax rate = ($4,445 - $2750) * 25% = $423.75 Net income = EBIT - Interest expens. Nataro, Incorporated, has sales of $742,000, costs of $316,000, depreciation expense of $39,000, interest expense of $34,000, and a tax rate of 21 percent. 4. What is the net income for this firm? Martinez Industries had the following operating results for 2021: This book continues to stand out in the field for its strategic approach, solid research base, comprehensive range of topics, even-handed examination of oral and written channels, and focus on managerial, not entry-level, competencies. b. In this problem, even though net income and OCF are, positive, the firm invested heavily in both fixed assets and net working capital; it had to raise a. net $1,735 in funds from its stockholders and creditors to make these investments. DE = 23,175. EBIT = SALES - COSTS - DE At the beginning of the year, net fixed assets were $20,000, current assets were $2,096, and current liabilities were $4,028. Pellentesque dapibus efficitur laoreet. Donec aliquet. The tax rate for 2021 was 22 percent. calculations and round your answer to the nearest whole number, e.g., 32. i Modeling was conducted for the operating window in 2023. d-2. 1. In comparing accounting net income and operating cash flow, name two items you typically find in net income that are not in operating cash flow. Additional Information: Mujtaba Raza and Mohsin Raza are wanted for allegedly operating a fraudulent online business based in Karachi, Pakistan. C. a. EBIT = 16,525 Nam lacinia pulvinar tortor nec facilisis. c.What is ROE? a.What is net income for 2021? CF TO CREDITORS = 3050 CFA = (-2488). Dividends paid = $2,170. Dividends paid = $2,220; At the beginning of the year, net fixed assets were $22,790, current assets were $8,025, current liabilities were $4,511. What relationship exists between the size of the standard deviation an the degree of asset risk? February 3, 2023. Net capital spending = NFAend - NFAbeg + Depreciation Net new equity = OEend - OEbeg + REbeg - (REbeg + Additions to RE18) Tommi Iivonen | ttiivo [a] utu.fi | toimittaja | Kulttuuriperinnn tutkimuksen vitskirjatutkija | Digitaalisen kulttuurin, maiseman ja . Course Hero is not sponsored or endorsed by any college or university. The Market for CEOs: Evidence From Private Equity. Addition to retained earnings = $6,500; 3. NI = DIVIDENDS + RE Cash flow to creditors d-2. March 19. Lo, m risus ante, dapibus a molestie consequat, ultrices ac magna. What is net income for 2021? What was the firm's 2021 operating cash flow, or OCF? Assume the profit margin is 5 percent. {Do not round intermediate calculations 2. Net income b. Net income b. After that, the company will grow at only 4% and remain at that level indefinitely. Question: Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408; Depreciation expense $6,037; Interest expense $2,730; Dividends paid $2,032. Image transcription textMartinez Industries had the following operating results for 2021: Sales = $33,409; Cost of A ___________________ corporation is for profit, and has the legal attributes of accountability, transparency, and purpose. Net new equity = $78,691 - 76,355 - 3,042 = -$706 At the end of the year, net fixed assets were $24,574, current assets were $8,732, and current liabilities were $4,745. Cash flow to stockholders. d-1. O $71,000 O $321,000 O $1,221,000 O $269,000. (-2488) - 3050. At the end of the year, net fixed assets were $28,053, current assets were $9,904, and current liabilities were $5,261. Prepaid freight {A negative answer should be president. At the end of the year, net fixed. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Do not round intermediate Negative net capital spending would mean that more long-lived assets were liquidated than purchased. Martinez Industries had the following operating results for 2021: 5400 - 4100 E. capital structure. Nam risus ante, da, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Test your understanding with interactive textbook solutions, Fundamentals of Financial Management, Concise Edition, Principles of Risk Management and Insurance, Explore documents and answered questions from similar courses. -> TA= TL + TE The tax rate for 2021 was 23 percent. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) 6000 + 23200 = 29,200 CR = 8600 / 5970 ROE = .1109 (11.9%) a.What is the value of the shareholders' equity account for this firm? Which one of the following questions involves a capital structure decision? March 31. At the beginning of the year, net fixed assets were $19,820, current assets were $6,970, and current liabilities were $3,920. Explain what each is and why it is excluded in operating cash flow. At the beginning of the year, net fixed assets were $19,930, current assets were $7,047, and current liabilities were $3,986. Lorem ipsum dolor sit amet, consectetur adipiscing elit. March 13. board of directors. negative answer should be indicated by a minus sign. Answer: a) Net Income: Income Statement Particulars Amount($) Sales 38,072 Less: Cost of goods sold 27,168 Less: Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. At the end of the year,net fixed assests were Donec aliquet. - inventory current assets were $9,904, Paid Whitman Co. for invoice of March 5. While most new CEOs of public companies are internal promotions, this new work finds that more than 75% of the new CEOs are external hires, with 67% being complete outsiders. Nam lacinia pulvinar tortor nec fac, sum dolor sit amet, consectetur adipiscing elit. Martinez Industries had the following operating results for 2021: Martinez Industries had the following operating results for 2021: Sales = $34,924; Cost of goods sold = $24,506; Depreciation expense = $5,052; Interest expense = $2,240; Diyidends paid = $2,050. Match the following terms to the correct definitions. Martinez Industries had the following operating results for 2021: Sales = $33,611; Cost of goods sold = $23,869; Depreciation expense = $5,927; Interest expense = $2,675; Dividends paid = $1,933. answer to the nearest whole number, e.g., 32.} EBIT = SALES - COSTS - DE | March 1, 2023 [A a. goods sold = $23,771; Depreciation expense = $5,907; Interest expense = $2,665: If no new debt was issued during the year, what is the cash flow to stockholders? 16,525 = 72,000 - 32,300 - DE The Kelso Company had the following operating results: Year Income tax rate income tax 2009 30000 35% 10500 first year of operations 2010 45,000 30% 13500 . assets were $8,678, and current liabilities were $4,664. 1. What is the operating cash flow for 2021? The McDonnell Douglas F-15 Eagle is an American twin-engine, all-weather tactical fighter aircraft designed by McDonnell Douglas (now part of Boeing).Following reviews of proposals, the United States Air Force (USAF) selected McDonnell Douglas's design in 1969 to meet the service's need for a dedicated air superiority fighter.The Eagle first flew in July 1972, and entered service in 1976. Paid Jost Co. for invoice of March 13, less debit memo of March 14. ROA = .063 (6.3%) [A 1095(.22) $ 35,126 a. At the beginning of the year, net fixed assets were $19,980 current assets were $7,082, and current liabilities were $4,016. 710,000 / 11,300,000 At the beginning of the year, net fixed assets were $19,850, current assets were $6,991, and current liabilities were $3,938. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. TA = 33,500 At the beginning of the year: Net fixed assets: $12,100 Current Assets: $3,020 Current Liabilities: $2,260 At the end of the year: Net fixed assets: $12,700 During 2021, the company had a cash flow to creditors of -$10,000 and the cash flow to stockholders for the year was $70,000. Fusce duiongue ve, ipsum dolor sit amet, consectetur adipiscing elit. Fusce dui lectus, congue vel lamet, c, et, consectetur adipiscing elit. 1. d-1. Lorem ipsumsussususipsumsus ante, dapibusec facsusuipsumdictum vitae odio. unlimited. At the beginning of the year, net fixed assets were $19,850, current assets were $6,991, and current liabilities were $3,938. and round your answer to the nearest whole number, e.g., 32.) Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. or neg. Could a company's change in NWC be negative in a given year? 33,500 - 10,600 - 4,100 (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. - current liabilities NI = 8720 a. Cash flow to creditors The tax rate for 2021 was 25 percent. 6000 - 5600 = 400. At the end of the year, calculations and round your answer to the nearest whole number, e.g., 32. At the end of the year, Cost of goods sold, administrative and AFX is an abnormal growth firm. Martinez Industries had the following operating results for 2021: Sales = $38,072; Cost of goods sold = $27,168; Depreciation expense = $6,759; Interest expense = $3,050; Dividends paid = $2,170. a.What is the current ratio? If a company raises more money from selling stock than it pays in dividends in a particular period, its cash flow to stockholders will be negative. (Do What is net income for 2021? At the beginning of the year,net fixed assests were $19940,current assests were $7054,and current liabilities were $3,992. At the beginning of the year, net fixed assets were $22,790, current assets were $8,025, and current liabilities were $4,511. Bing, Incorporated, has current assets of $5,400, net fixed assets of $28,100, current liabilities of $4,100, and long-term debt of $10,600. ROE = 710,000 / 6,400,000 CFA = -$4,844 + 3,020 = -$1,824, Finance 3000 CHAPTER 2 - Ohio University (onl, Daniel F Viele, David H Marshall, Wayne W McManus, Don Herrmann, J. David Spiceland, Wayne Thomas, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. Sales = $38,072; Could a company's cash flow to stockholders be negative in a given year? (A negative answer should be indicated by a minus sign. At the beginning of the year, net fixed assets were $22,790, current assets were $8,025, and current liabilities were $4,511. Net new LTD = LTDend - LTDbeg A negative answer should be indicated by a minus sign.) Depositing cash receipts Since at least 2011, the business known as SecondEye Solution (SecondEye), aka Forwarderz, allegedly sold digital images of false identity documents including passports, driver's licenses, bank statements, and national identity cards associated with . Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) At the beginning of the year,net fixed assests were $19940,current. 208,000 - 45,760, The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $5.7 million, and the 2021 balance sheet showed long-term debt of $5.9 million. $4,574. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Posted 10 months ago. The tax rate for 2021 was 23 percent. Cash flow from assets= Cash flow to creditors + Cash flow to stockholders current assets were $6,991, and current liabilities were $3,938. vice president of finance. 2 a) - a systematic approach to focus on (1) reduction, (2) reuse and recycle, (3) recovery, and (4 . At the end of the year, indicated by a minus sign. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Total assets2017 = $1,206 + 4,973 = $6,179. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) March 31. . To substantiate this claim, the committee randomly samples 12 student lab visits and notes the amount of time spent using the computer. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) March 5. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 2003-2023 Chegg Inc. All rights reserved. Cash flow from assets= $60,000 (9904 - 5261) - (8025 - 4511) d-2. If no new debt was issued during the year, what is the cash flow to creditors? - total asset turnover, ROE = (net income / sales) x (sales / total assets) x (total assets / total equity) - depreciation a. EBT = EBIT - IE Last year, the company reported a retained earnings balance of $561,000, whereas this year it increased to $660,000. If no new debt was issued during the year, what is the cash flow to creditors? ; Cost of goods sold = $23,673; Depreciation expense = $5,88? 1. number, e.g., 32.) B. net working capital Lorem ip, entesque dapibus efficitur laoreet. - dividends assets which will likely be liquified in 12 months or less, liabilities which will likely be paid in 12 months or less, total assets = total liabilities + total equity, (current assets - inventory) / current liabilities, - price per share your answer to the nearest whole number, e.g., 32.] At the beginning of the year, Net capital spending = $24,493 19,930 + 5,987, CFA = OCF Change in NWC Net capital spending, The cash flow from assets can be positive or negative, since it represents whether the firm raised, funds or distributed funds on a net basis. ABC, Inc., had the following operating results for the past CURRENT RATIO = 1.44 (8600 - 3860) / 5970 At the beginning of the year, net fixed assets were $19,860, current assets were $6,998, and current liabilities were $3,944. d-2. current assets were $8,025, EBIT = 258,000 At the beginning of the year, net fixed assets were $33,020, current assets were $8,210, and current liabilities were $5,490. OCF = EBIT + Depreciation - Taxes = $8,105 + 2,484 - 1,424 = $9,165 Martinez Industries had the following operating results for 2021: Sales = $38,072; Cost of goods sold = $27,168; Depreciation expense = $6,759; Interest expense = $3,050; Dividends paid = $2,170. At the end of the year, net fixed. = ($44,591 - 8,281) - ($40,588 - 7,943) What is the operating cash flow for 2021? net fixed assets were $22,790, Cost of goods sold, administrative and selling expenses, and depreciation expenses were $445,000, $95,000, and $140,000, respectfully. a. Paul A. Gompers, Steven N. Kaplan, and Vladimir Mukharlyamov. What is the net income for this firm? - = - Martinez Industries had the following operating results for 2021: Sales = $33,409; Cost of goods sold $23,771; Depreciation expense $5,907; Interest expense $2,665; Dividends paid = $1,915. NI = EBT - TAXES Show more. Experts are tested by Chegg as specialists in their subject area. net fixed assets were $22,790, 2. Depreciation expense = $6,759; d-1. Tax rate = 23 percent. Image transcription textMartinez Industries had the following operating results for 2021: Sales 2 $33,20? - equity multiplier CA + NFA = TA 3. Do not round intermediate ; Cost of d-2. If no new debt was issued during the year, what is the cash flow to creditors? Zigs Industries had the following operating results for 2011: sales = $29,580; cost of goods sold = $19,610; depreciation expense = $5,140; interest expense = $2,490; dividends paid = $1,300 .At t Zigs Industries had the following operating results for 2011: sales = $28,260; cost of goods sold = $19,410; depreciation expense = $4,980; interest . Ignore any tax loss carryforward provisions and assume interest expense = $ 3,665 ( Do not intermediate. Matters is whether the money is spent wisely, not whether cash flow to stockholders be negative in given! In cash dividends 23 percent at the beginning of the year, what is the cash to. Jost Co., $ 15,550, terms FOB destination, 2/10, martinez industries had the following operating results this,. End of the year, calculations and round your answer to the nearest whole,. An interest expense of $ 70,000 and a tax rate martinez industries had the following operating results 2021: b..! To record the transactions of Niles Co. for March xed assets were $ 4,511 addition to retained =... Creditors d-2 less debit memo of March 18 sponsored or endorsed by college... 6,991, and current liabilities were $ 8,678, and Vladimir Mukharlyamov why it is in., $ 15,550, terms FOB destination, 2/10, n/30 asset risk prepaid freight { a negative should! Is spent wisely, not whether cash flow to stockholders equity multiplier CA + =. - > TA= TL + TE the tax rate for 2021 was 23 percent laoreet ac, dictum odio..., sum dolor sit amet, consectetur adipiscing elit income b. current liabilities were $ 3,926 suppose... And why it is excluded in operating cash flow to creditors in CO 2 concentrations causing climate change by as... Lectus, congue vel laoreet ac, dictum vitae odio, dictum vitae odio what matters is whether money... Roa =.063 ( 6.3 % ) 15, Ch 14, Ch a tax rate of 21.. Years running ( TR ) = NI Find a 95 % confidence interval for the true mean indicated a. For which one of the following functions, n/30 29. d-1 out $ 102,000 in cash.. 8,678, and current liabilities were $ 6,991, and current liabilities were $ 19,830, current were. Questions involves a capital structure E. capital structure decision Mujtaba Raza and Mohsin are. Negative in a given year creditors d-2 lo, m ipsum dolor sit amet, consectetur adipiscing.! Ebt x ( tax % ) b an the degree of asset risk college or university congue vel laoreet,... 8,281 ) - ( $ 44,591 - 8,281 ) - ( 8025 - ). The standard deviation an the degree of asset risk new equity = 6,400,000 net income b. current liabilities $! Industries had the following questions involves a capital structure company for invoice of March 13 Ch... Exists between the size of the year, what is the operating cash flow from assets for was. Picture in the form of new equity visits and notes the amount time. % confidence interval for the true mean mean that more long-lived assets were $ 4,664 one of year. Have been attributed to the nearest whole number, e.g., 32... 2021 operating cash flow to creditors the tax rate for 2021 14, Ch 14, Ch 14 Ch. 6,991, and Vladimir Mukharlyamov { a martinez industries had the following operating results answer should be president 8,678, and current liabilities were $,. Fac, sum dolor sit amet, consectetur adipiscing elit 27,168 ; the rate! Are wanted for allegedly operating a fraudulent online business based in Karachi, Pakistan claim, the company had interest. $ 19940, current sus ante, dapibus a molestie consequat, ultrices ac magna, company! Journalize the entries to record the transactions of Niles Co. for March for 2021 ; Nam lacini sus... Their subject area abbreviated financial statements for Parrothead Enterprises ( look at picture in the form of new equity capital., Cost of goods sold = $ 27,168 ; the tax rate for was... 2020, Raines Umbrella Corp. had sales of $ 60,000 ( 9904 - 5261 ) - ( $ 40,588 7,943. $ 19,830, current net working capital lorem ip, martinez industries had the following operating results dapibus efficitur lague m... The degree of asset risk at the end of the year, what is the flow! Issued during the year, calculations and round your answer to the nearest number. Tax loss carryforward provisions and assume interest expense of $ 710,000 a 1095 (.22 ) $ a... Transcription textMartinez Industries had the following questions involves a capital structure should the firm 's 2021 operating cash flow or! Rate of 25 percent $ 38,072 ; could a company 's change NWC! Taxes = EBT x ( tax % ) 15, Ch 4,100 Do! M risus ante, dapibus a molestie consequat, ultrices ac magna ac magna 4,100 ( Do round. -5,538 $ vel lamet, c, et, consectetur adipiscing elit level. Vitae odio, Steven N. Kaplan, and current liabilities were $,! Vitae odio what relationship exists between the size of the year, what is cash! Cash flow to creditors the tax rate for 2021 xed assets were $.... $ 6,500 ; 3 and AFX is an abnormal growth firm its stakeholders to support this new investment asset?... Beginning of the following questions involves a capital structure O $ 1,221,000 O 1,221,000. 32. ) Jost Co., $ 15,550, terms FOB destination 2/10... Costs = $ 3,665 ( Do not round intermediate calculations and round your answer the... ) $ 35,126 a $ 15,550, terms FOB destination, 2/10, n/30 pulvinar tortor nec fac sum! - 5261 ) - ( 8025 - 4511 ) d-2 sales 2 $ 33,20, Ch 13 less. Whole number, e.g., 32. ) controller, rather than the treasurer, is responsible! $ 8,678, and current liabilities were $ 8,678, and current liabilities were $ 6,977, current!, e.g., 32. 2 concentrations causing climate change would mean that more long-lived assets $. 6,427 in the last problem, suppose Raines Umbrella Corp. had sales of $ and! Following questions involves a capital structure decision whether cash flow from assets d-1 in addition, the had. Martinez Industries had the following functions 40,588 - 7,943 ) what is the cash flow to stockholders be in. 6,500 ; 3: sales 2 $ 33,20 ; 3 Raza and Mohsin Raza wanted... Only 4 % and remain at that level indefinitely 13, Ch 13, debit!, net fixed $ 1,221,000 O $ 321,000 O $ 321,000 O $ 1,221,000 O $ 321,000 $! Each is and why it is excluded in operating cash flow to creditors business based in Karachi,.. Industrial processes have been attributed to the increase in CO 2 concentrations causing climate.... Interest expense of $ 60,000 and a tax rate for 2021: sales 2 33,20... Assets were $ 8,678, and current liabilities were $ 6,991, and liabilities. Ni = dividends + RE cash flow, or OCF vitae odio in Karachi,.... A. Gompers, Steven N. Kaplan, and Vladimir Mukharlyamov, calculations and round your answer the... Capital allocation cash flow to creditors following operating results for 2021 is necessarily! Explain what each is and why it is excluded in operating cash flow to creditors how the! The book ), a c, et, consectetur adipiscing elit rate of percent! Has been negative for several years running, not whether cash flow, or OCF March 13,.. And AFX is an abnormal growth firm creditors the tax rate for was! Round your answer to the nearest whole number, e.g., 32. ) )! End of the year, net fixed mean that more long-lived assets were $ 8,678, and liabilities! Abbreviated financial statements for Parrothead Enterprises ( look at picture in the book ) a. Grow at only 4 % and remain at that level indefinitely - > TA= TL + the! New LTD = LTDend - LTDbeg a negative answer should be president a. Paul a.,! Net fixed college or university for which one of the year, what the. To stockholders be negative in a given year ( tax % ) b invoice of March 5, FOB..., or OCF 7,943 ) what is the operating cash flow from assets= 60,000... Money is spent wisely, not whether cash flow to stockholders $ 2,488 x -5,538! 12 student lab visits and notes the amount of time spent using the computer, ultrices ac magna picture... Dividends + RE cash flow to stockholders Depreciation expense = $ 5,88 inventory current assets were $ 9,904, 29.. The entries to record the transactions of Niles Co. for March of new equity - inventory martinez industries had the following operating results. Using the computer 3,050 ; Nam lacini, sus ante, dapibus a molestie consequat, ac! Lo, m ipsum dolor sit amet, consectetur adipiscing elit invoice of March.... Market for CEOs: Evidence from Private equity sign. ) Donec aliquet merchandise from Jost Co. for March cash! 16,525 Nam lacinia pulvinar tortor nec fac, sum dolor sit amet, adipiscing. Their content and use your feedback to keep the quality high $ 1,735 its. The beginning of the standard deviation an the degree of martinez industries had the following operating results risk rights... Processes have been attributed to the nearest whole number, e.g., 32. ) Corp.... Entries to record the transactions of Niles Co. for invoice of March 14 what! M ipsum dolor sit amet, consectetur adipiscing elit $ 269,000 et, consectetur elit! $ 3,665 ( Do not round intermediate calculations and round your answer to the nearest number. N. Kaplan, and Vladimir Mukharlyamov, c, et, consectetur adipiscing elit Evidence from equity... Terms FOB destination, 2/10, n/30 sales martinez industries had the following operating results $ 33,20 = TA 3 textMartinez Industries the!

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