Jenson Ltd. recently reported a net income of $5,320 and depreciation of $970. How much was its net cash flow, assuming it had no amortization expense and sold none of its fixed assets?
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How much was jenson Ltd net cash flow?
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- Solve this financial accounting problemWhat was it's charge for depreciation and amortization of this financial accounting question?Kendall Corners Inc. recently reported net income of $2.9 million and depreciation of $700,000. What was its net cash flow? Assume it had no amortization expense. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round you answer to the nearest dollar.
- Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $67,000; costs = $34,500; addition to retained earnings = $8,300; dividends paid = $2,320; interest expense = $2,650; tax rate = 21 percent. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) What is the depreciation expense?What was patterson's charge for depreciation??Chic Chalk company has charged a depreciation of $500,120 for one of its equipment, on its income statement. The company is planning for an increase in this depreciation. On the financial statements of Chic Chalk this will a. Decrease net cash flow from operations on the cash flow statement. b. Not impact the cash flow statement c. Increase in net cash flow from operations on the cash flow statement. d. No impact the Income statement
- P8-7 (Algo) Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements and Analyzing the Impact of Depreciation on Cash Flows LO8-5, 8-7 The ansers are not: 4233.6 nor 3036.0X Ltd. made a profit of Rs. 1,00,000 after charging Depreciation of Rs. 20,000 on assets and a transfer to General Reserve of Rs. 30,000. The goodwill written off was Rs. 7,000 and the gain on sale of Machinery was Rs. 3,000. The other information available to you (changes in the value of Current Assets and Current Liabilities) is as follows: At the end of the year, Debtors showed an increase of Rs. 6,000; Creditors as the increase of Rs. 10,000; Prepaid Expenses an increase of Rs. 200; Bills Receivable a Decrease of Rs. 3,000; Bills Payable a Decrease of Rs. 4,000 and Outstanding Expenses a Decrease of Rs. 2,000. Ascertain the cash flow from the operating activities. handwritten answers are not allowed ..use tablesTopic: Cash and Accrual Basis of Accounting Requirement: Compute for the profit under the accrual basis of accounting.
- Net income for Inkaleb Inc. for 2020 includes the effect of the following transactions involving the sale of fixed assets. Asset Sales Price Cost Gain (Loss)X P20,000 P 80,000 P 10,000Y 25,000 150,000 (18,000)Purchases of fixed assets during 2020 amounted to P340,000. The Accumulated Depreciation account increased P40,000 during 2020. How much is the depreciation expense for 2020?The following information is available for a Company's asset: Cost $5,350,000; Carrying amount (book value) $3,200,000; Undiscounted future cash flows 2,150,000, fair value or market value $2,600,000. Regarding this asset, the company would record a loss on impairment of OLO0.000 OBE00.000 OL 1000.000An analyst has collected the following information regarding National Co.:Earnings before interest and taxes (EBIT) = P730 million.Earnings before interest, taxes, depreciation and amortization (EBITDA) = P850 million.Interest expense = P100 million.The corporate tax rate is 25 percent.Depreciation is the company’s only non-cash expense or revenue.What is the company’s net cash flow?