For 2019, Nirvana Industries disclosed cash revenue of $11.0 million and cash expenses of $6.0 million, depreciation on plant and equipment of $2.5 million and an effective tax rate of 21%.  For 2019, Nirvana Industries had capital expenditures of $1.0 million to purchase manufacturing equipment and invested $850,000 in net working capital.  What were the net (total) cash flows for Nirvana Industries in 2019?  Round your answer to the nearest hundredth of million $

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A: Self-supporting growth rate (SSGR) is the maximum growth rate a company can achieve without relying…

Q: During 2019, Van Inc. has monthly cash expenses of $130,000. On Dec 31, 2019, their cash balance is…

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A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by…

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A: The self-supporting growth rate (SSGR) represents the highest possible growth rate a company can…

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A: concept. self-supporting growth rate = (Profit margin×Retention ratio×Current sales)(total…

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A: Operating cash flow is a financial measure that is used to determine the financial strength of a…

Q: The King Mattress Company had the following operating results for 2018-2019. In addition, the…

A: Answer :- correct option is 4.6 .

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A: Income tax expense : Income tax expense is the taxes owed by the company to a taxing authority.…

Q: For 2019, Nirvana Industries disclosed cash revenue of $12.0 million and cash expenses of $6.0…

A: CASH REVENUE = $12.0 million CASH EXPENSES= $6.0 million DEPRECIATION =$2.0million CAPITAL…

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A: In accrual accounting, revenue earned and expenses incurred shall be included in the income…

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A: The question is based on the concept of Accounting Standard on Borrowing Cost.

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A: The ratio analysis helps to analyze the financial statements of the business. The cash cycle is…

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Q: he 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019 Sales…

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A: Two type of growth rates are being used in business. One is internal growth rate and other is self…

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Q: Johnny’s Hardware Store’s sales were $550,000 during 2019, and its year-end assets were $440,000.…

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A: EBIT = $ 100,000 Tax rate = 30% Earning after tax = EBIT*(1-Tax rate)                             =…

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A: Cash Flow From Operating Activities :— Cash Flow From Operating Activities are the Principal Revenue…

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A: Solution:- Calculation of asset turnover ratio as follows under:-

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A: Borrowed funds used for building=P20,0002=P10,000

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A: Net capital spending is the amount that is spend to buy the new assets by the company .It is…

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A: Free cash flow (FCF) is the amount of cash left after a company pays its operating expenses and…

Q: During 2019, Bitsincoins Corporation had EBIT of $100,000, a change in net fixed assets of $400,000,…

A: Free cash flow: Free cash flow refers to the amount left with the company after meeting its…

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A: Owner equity means the amount that belong to the owner of the business.  Any profit will increase…

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Q: The King Mattress Company had the following operating results for 2018-2019. In addition, the…

A: Market value of the company equity is the market price of the stock multiplied with the number of…