Delay HModeSoutheast Gystems has the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its market price of the common stock was $78 at theend of 2014. Make sure the unit is in million dollars.(unit: $ in millions)Southeast SystemsBalance Sheets2013201420132014Cash$50$100 Accounts payable$450$500Accounts receivable600700Notes payable300400Inventory500550 Long-term debt650650Net fixed assets1,0001,000 Common equity300300Retained earnings450500Total Assets$2,350 Total Liabilities &Owner's Equity$2,150$2,150$2,350Income Statement2014$2,370SalesCost of goods sold2,070Depreciation200ЕBIT100Interest expenses20Taxable income80Таxes28$52Net incomeDividends$2(1) What is the net cash flow from operating activity for 2014?(2) What is the net cash flow from investment activity for 2014? Assume depreciation= write-offs of fixed assets.Type here to search30°F ClearhpII

The Cash Flow Statement shows inflows of cash and outflow of cash of a business organization on…

outheast Oystems has the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its market price of the common stock was $78 nd of 2014. Make sure the unit is in million dollars. (unit: $ in Southeast Systems Balance Sheets 2013 2014 2013 2014 $100 Accounts payable 700 Notes payable Cash $50 $450 $500 Accounts receivable 600 300 400 Inventory 500 550 Long-term debt 1.000 Common equity Retained earnings 650 650 Net fixed assets 1.000 300 300 450 500 Total Assets $2,150 $2,350 Total Liabilities & Owner's Equity $2,150 $2,350 Income Statement 2014 $2,370 Sales Cost of goods sold 2,070 Depreciation 200 EBIT 100 Interest expenses 20 Taxable income 80 Taxes 28 $52 Net income Dividends $2 (1) What is the net cash flow from operating activity for 2014? (2) What is the net cash flow from investment activity for 2014? Assume depreciation = write-offs of fixed assets.

outheast Oystems has the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its market price of the common stock was $78 nd of 2014. Make sure the unit is in million dollars. (unit: $ in Southeast Systems Balance Sheets 2013 2014 2013 2014 $100 Accounts payable 700 Notes payable Cash $50 $450 $500 Accounts receivable 600 300 400 Inventory 500 550 Long-term debt 1.000 Common equity Retained earnings 650 650 Net fixed assets 1.000 300 300 450 500 Total Assets $2,150 $2,350 Total Liabilities & Owner's Equity $2,150 $2,350 Income Statement 2014 $2,370 Sales Cost of goods sold 2,070 Depreciation 200 EBIT 100 Interest expenses 20 Taxable income 80 Taxes 28 $52 Net income Dividends $2 (1) What is the net cash flow from operating activity for 2014? (2) What is the net cash flow from investment activity for 2014? Assume depreciation = write-offs of fixed assets.

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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What is incorrect here? Available options are: Accounts Payable, Accounts Receivable, Accumulated Depreciation, Bond Premium, Bonds Payable, Building, Cash, Common Stock, Cost of Goods Sold, Delivery Expense, Depreciation Expense, Discount on Bonds Payable, Dividends Declared, Finance Costs, Goodwill, Intrest Expense, Intrest Income, Intrest Payable, Intrest Receivable, Land, Merchandise Inventory, Micellanious Expense, Other Expenses, Sales, Sales Discounts, Sales Returns and Allowances, Finance Costs, Goodwill
Southeast Systems has the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its market price of the common stock was $78 at the end of 2014. Make sure the unit is in million dollars. (unit: $ in millions) Southeast Systems Balance Sheets 2013 2014 2013 2014 Cash $50 $100 Accounts payable $450 $500 Accounts receivable 600 700 Notes payable 300 400 Inventory 500 550 Long-term debt 650 650 Net fixed assets 1,000 1,000 Common equity 300 300 Retained earnings 450 500 Total Assets $2,150 $2,350 Total Liabilities & Owner’s Equity $2,150 $2,350 Income Statement 2014 Sales $2,370 Cost of goods sold 2,070 Depreciation 200 EBIT 100 Interest expenses 20 Taxable income 80 Taxes 28 Net income $52 Dividends $2 What are the values of the earning…
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