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1 Use the following information for Taco Swell, Incorporated, (assume the tax rate is 24 percent): 2 pos sales 2023 $20,549 2024 $19,000 Depreciation cost of goods sold other expenses Interest Cash 2,456 2,564 6,090 1,399 1,218 1,150 1,365 8,716 9,487 Accounts receivable 11,548 13,722 Short-term notes payable 1,754 1,721 Long-term debt 29,300 35,429 Net fixed assets 72,953 77,850 Accounts payable 6,317 6,888 Inventory Dividends 20,560 2,379 21,942 2,394 For 2024, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct. Cash flow from assets 1,744.00 Cash flow to creditors S 4.764.00 Cash flow to stockholders S 2.394.00 Return to question

1 Use the following information for Taco Swell, Incorporated, (assume the tax rate is 24 percent): 2 pos sales 2023 $20,549 2024 $19,000 Depreciation cost of goods sold other expenses Interest Cash 2,456 2,564 6,090 1,399 1,218 1,150 1,365 8,716 9,487 Accounts receivable 11,548 13,722 Short-term notes payable 1,754 1,721 Long-term debt 29,300 35,429 Net fixed assets 72,953 77,850 Accounts payable 6,317 6,888 Inventory Dividends 20,560 2,379 21,942 2,394 For 2024, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct. Cash flow from assets 1,744.00 Cash flow to creditors S 4.764.00 Cash flow to stockholders S 2.394.00 Return to question

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 3MC
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1 Use the following information for Taco Swell, Incorporated, (assume the tax rate is 24 percent): 2 pos sales 2023 $20,549 2024 $19,000 Depreciation cost of goods sold other expenses Interest Cash 2,456 2,564 6,090 1,399 1,218 1,150 1,365 8,716 9,487 Accounts receivable 11,548 13,722 Short-term notes payable 1,754 1,721 Long-term debt 29,300 35,429 Net fixed assets 72,953 77,850 Accounts payable 6,317 6,888 Inventory Dividends 20,560 2,379 21,942 2,394 For 2024, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct. Cash flow from assets 1,744.00 Cash flow to creditors S 4.764.00 Cash flow to stockholders S 2.394.00 Return to question
Transcribed Image Text:1 Use the following information for Taco Swell, Incorporated, (assume the tax rate is 24 percent): 2 pos sales 2023 $20,549 2024 $19,000 Depreciation cost of goods sold other expenses Interest Cash 2,456 2,564 6,090 1,399 1,218 1,150 1,365 8,716 9,487 Accounts receivable 11,548 13,722 Short-term notes payable 1,754 1,721 Long-term debt 29,300 35,429 Net fixed assets 72,953 77,850 Accounts payable 6,317 6,888 Inventory Dividends 20,560 2,379 21,942 2,394 For 2024, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct. Cash flow from assets 1,744.00 Cash flow to creditors S 4.764.00 Cash flow to stockholders S 2.394.00 Return to question
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