Compute investing and financing amounts for the statement of cash flows: please answer the financial accounting question Compute investing and financing amounts for the statement of cash flows:a. Beginning and ending Plant Assets, Net are $120,000 and $100,000,respectively. Depreciation for the period was $15,000, and purchases of newplant assets were $25,000. Plant assets were sold at a $10,000 gain. What werethe cash proceeds of the sale?b. Beginning and ending Retained Earnings are $50,000 and $90,000,respectively. Net income for the period was $70,000, and stock dividends were$18,000. How much were cash dividends?

Step 1: Definition of Cash Proceeds from SaleThe cash proceeds from the sale of plant assets are the…

Answered: Compute investing and financing amounts…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 6DQ

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Determine the cash fixed costs which are used when calculating EBDAT: Administrative expenses = $100,000; Rent expenses expenses = $50,000; and Interest expenses = = $70,000; Depreciation $20,000.
Subject: acounting
Determine the cash fixed costs which are used when calculating EBDAT:Administrative expenses = $100, 000; Rent expenses = $70,000;Depreciation expenses = $50,000; and Interest expenses = $20,000
Using the Exhibit below, assume that the amount of Net Income on the Income Statement for the year was $100,000. When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of net income on the Cash flow from operating activities section? EXHIBIT Increase (Decrease) Net Income (loss) $XXX Adjustments to reconcile net income to net cash flow from operating activities: Depreciation of fixed assets XXX Losses on disposal of assets XXX Gains on disposal of assets (XXX) Changes in current operating assets and liabilities:…
Requirements Calculate the following items for the statement of cash flows: proceeds of the sale? b. Beginning and ending Retained Earnings were $35,000 and $71,000, respectively. Net income for the period was $61,000, and stock dividends were $11,000. How much were the cash dividends? were the cash proceeds of the sale? Cash proceeds from the sale were Requirement b. Beginning and ending Retained Earnings are $. Cash dividends were and $ $
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: Date Item Debit Credit BalanceDebit BalanceCredit January 1 Balance 1,131,000 March 12 Purchased for cash 385,000 1,516,000 October 4 Sold for $211,000 181,000 1,335,000 Item Section of Statement ofCash Flows Added or Deducted Amount March 12: Purchase of fixed asset $fill in the blank 3 October 4: Sale of fixed asset $fill in the blank 6 Gain on sale of fixed asset (assume the indirect method) $fill in the blank 9
Assume a company’s balance sheet showed beginning and ending balances in the Long-Term Investments account of $1,100,000 and $900,000, respectively. The company sold a long-term investment that cost $300,000 and recorded a gain on this sale of $35,000. Based solely on the information provided, the company’s net cash provided by (used in) investing activities would be: Multiple Choice $200,000. $300,000. $235,000. $335,000.
Return on assets The financial statements of The Hershey Company (HSY) are shown in Exhibits 6 through 9. Based upon these statements, answer the following questions. 1. What are Hershey's sales (in millions)? 2. What is Hershey's cost of sales (in millions)? 3. What is Hershey's net income (in millions)? 4. What is Hershey's percent of the cost of the sales to sales? Round to one decimal place. 5. The percent that a company adds to its cost of sales to determine the selling price is called a markup. What is Hershey's markup percent? Round to one decimal place. 6. What is the percentage of net income to sales for Hershey? Round to one decimal place. 7. Hershey had total assets of $5,554 (millions) at the beginning of the year. Compute the return on assets for Hershey for the year shown in Exhibits 6–9. Round to one decimal place.
A company reports net income for the year of $150,000. Included in this amount are depreciation expense of $32,000 and a gain of $22,000 on the sale of land. The land had a sale price of $162,000 and book value of $140,000. In addition, account balances at the beginning and ending of the year are as follows:Required: Prepare the operating activities section of the statement of cash flows using the indirect method. How would your answers change if net income was $160,000; the land was sold for $130,000; and accounts receivable decreased from $24,000 beginning to $20,000 ending.
Use the following company information to calculate net cash provided or used by investing activities. (a) Long-term investments were sold for $51,000 cash, yielding a gain of $22,150. (b) Paid $72,000 cash for new machinery. (c) Sold land costing $34,000 for $40,000 cash, yielding a $6,000 gain. (d) Equipment with a book value of $195,000 and an original cost of $320,000 was sold at a loss of $27,000. Statement of Cash Flows (partial) Cash flows from investing activities
calculate cash flow from assets if given year 1: sales=9402, depreciation=1350, costs of good sold=3235, administrative expenses=767, interest expenses=630, cash=4931, accounts receivable=6527, short term notes payable=953, long term debt=16152, net fixed assets=41346, accounts payable=5179, inventory=11604, and dividends=1147 and given year 2: sales=10091, depreciation=1351, costs of good sold=3672, administrative expenses=641, interest expenses=724, cash=6244, accounts receivable=7352, short term notes payable=895, long term debt=19260, net fixed assets=42332, accounts payable=5022, inventory=11926, and dividends=1261 and tax rate is 34%

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