A business's bank balance increased by $750,000 during its last financial year. During the same period it issued shares of $1 million and repaid a loan note of $750,000. It purchased non-current assets for $200,000 and charged depreciation of $100,000. Working capital (other than the bank balance) increased by $575,000. What was its profit for the year?

Q: Berman & Jaccor Corporation's current sales and partial balance sheet are shown below.     This…

A: Operating assets are those assets which are required and used for basic operations of the business.…

Q: Get the Answer with Explanation with calculation

A: Step 1: Given that, Earnings before interest and taxes (EBIT) = $3,000,000 Depreciation expenses =…

Q: In its most recent fiscal year, Boba Tea Corp reported net income of $300,000,000. Looking at its…

A: In this problem we simply have to use the formula to calculate the FCF ( Free cash flow ). The…

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A: Workings: Cash flow to shareholders = Dividends paid - New equity raised

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A: Given, EBIT is $52 million Depreciation expense $5.2 million Capital expenditures is $5.75 million

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A: Certainly! Let's break down the calculation and the implications step by step:1. **Calculation of…

Q: Harper Outdoor Furniture, Incorporated, has net cash flows from operating activities for the last…

A: Accounts receivable refers to the item of assets side of the balance sheet that defines the amount…

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A: Free cash flow (FCF) is an important financial measure of a company's ability to generate cash after…

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A: Given: Sales $15,500 Operating Costs $8,250 Depreciation $1,750.  It had $9,000 of bonds outstanding…

Q: Smashed Pumpkins Co. paid $208 in dividends and $631 in interest over the past year. The company…

A: EBIT is the earning before interest and tax. Interest charges and tax expenses are not deducted form…

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Q: Please give me correct answer

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A: The question is based on the concept of business finance

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Q: Provide Answer with calculation and explanation

A: Step 1:Step 2: The firm's operating cash flow (OCF)The firm's operating cash flow (OCF) = Earnings…

Q: solution star industries has published its annual account. it indicates that during the year the…

A: Operating cash flows refers to the flows of the cash (inflows and outflows both) in the business…

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A: Cash flow statement is one of the financial statements which is a liquidity measure of the company.…

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A: Average collection period is period required to receive all accounts receivable that means money…

Q: Tommy’s Woodworking had sales of $4 million this past year.  Its COGS was $2.75 million and its…

A:

Q: Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year…

A: Operating assets = cash, accounts receivable, inventories and net fixed assets.

Q: During the year, Belyk Paving Co. had sales of $2,350,000. Cost of goods sold, administrative and…

A: Long term debt means those liabilities and obligations which needs to be settled or paid by the…

Q: Assuming that retained earnings is the only other equity account, then what did SI report for…

A: Owners Equity: It is the right of the owner for business assets. Owners equity includes common…

Q: You have looked at the current financial statements for J&R Homes, Company. The company has an EBIT…

A: Here,EBIT is $2,890,000Depreciation is $227,000Net Working Capital is $92,000Capital Spending is…

Q: This year a firm had revenues of $10,000 and total expenses of $8,000. The firm also increased their…

A: Free Cash Flow: Generally speaking, free cash flow (FCF) is the cash that a firm earns after…

Q: To the nearest whole dollar, what amount of nonspontaneous, additional funds will be needed during…

A: Additional Funds Needed: In order to increase the level of sales, the level of assets must increase.…

Q: DataDyne Company reported EBIT of $590 million for the most recent fiscal year. Interest expense…

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A: Growth rate = Retention ration * Retrun of equity

Q: Hendo Inc. is constructing its pro forma financial statements for this year. At years end, Assets…

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