Capital O, X, Y, and Z are $10,000, $15,000, $16,000 and $18,000, respectively. O has a loanbalance of $1,000. Profit is divided in a ratio of 5:2;1;2. Assets are sold, liabilities are paid,and cash remains of $6,000. How should this remaining cash be distributed?

Given, Profit sharing Ratio = 5:2:1:2 Remaining Cash = $6,000

Answered: Capital O, X, Y, and Z are $10,000,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Analyze this transaction as an asset, liability, paid in capital or retained earnings(plus or a negative) collected $235,000 in cash from credit customers.
Assets Cash Receivables (net) Inventory PP & E (net) Patents&Licenses Goodwill Total assets Liabilities & Equity Accounts payable Short term debt Long term debt Preferred stock Common Equity Total Liabilities + Equity New Chip Corp Balance Sheet at 12/31/22 ($ in Millions) 31 45 64 215 28 19 402 53 19 179 23 128 402
The present value of cash flow A is $430 and the present value of cash flow B is $220. Find the present value of the combined cash if the discount rate is 5%.
Using the following information, determine the balance of the cash account. The left side of the T account sums to $34,500, and the right side of the T account sums to $19,450. a.$15,050 b.$19,450 c.$34,500 d.$53,950
Mazaya Company has the following information available: Net Income R.O. 55,000; Cash Provided by Operations R.O. 68,200; Cash Sales R.O. 143,000; Capital Expenditures R.O.24,200; Dividends Paid R.O. 6,600. What is Mazaya's free cash flow? Select one: a. R.O.61,600 b. R.O.37,400 c R.O.44,000 d. R.O.24,200
Consider the following three cash flow series: End of Year Cash Flow Series A Cash Flow Series B Cash Flow Series C 0 1 2 3 4 5 -$1,000 X 1.5X 2.0X 2.5X 3.0X -$2,480 $2,540 $2,040 $1,540 $1,040 $540 Y Y Y 2Y 2Y 2Y Determine the values of X and Y so that all three cash flows are equivalent at an interest rate of 16% per year compounded yearly. X: $ Y: $
give the cash flows below determine the IRR ? year cash flow 0 -$300, 1 $400 , 2 $250, 3 $100,4 $50 ,5 $200 ,6 -350
How many IRRs could the following cash flows produce? YR CF 0 -200,000 1 -50,000 2 80,000 3 90,000 4 120,000 5 70,000
25. During the year, Next Tec Corp. had the following cash flows: receipt from customers, $10,000; receipt from the bank for long-term borrowing, $6,000; payment to suppliers, $5,000; payment of dividends, $1,000, payment to workers, $2,000; and payment for machinery, $8,000. What amount would be reported for net financing cash flows on the Statement of Cash Flows? A. B. C. D. $5,000. $2,000. $6,000. ($8,000).
So is Cash the plug amount? If not, please show how you get to $230K.

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Capital O, X, Y, and Z are $10,000, $15,000, $16,000 and $18,000, respectively. O has a loan balance of $1,000. Profit is divided in a ratio of 5:2;1;2. Assets are sold, liabilities are paid, and cash remains of $6,000. How should this remaining cash be distributed?