None Problem 2-10 Calculating Cash FlowsThe 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debtof $6.3 million, and the 2021 balance sheet showed long-term debt of $6.55 million. The2021 income statement showed an interest expense of $220,000. The 2020 balancesheet showed $620,000 in the common stock account and $3.6 million in the additionalpaid-in surplus account. The 2021 balance sheet showed $660,000 and $4.1 million inthe same two accounts, respectively. The company paid out $615,000 in cash dividendsduring 2021. Suppose you also know that the firm's net capital spending for 2021 was$1,480,000, and that the firm reduced its net working capital investment by $91,000.What was the firm's 2021 operating cash flow, or OCF? (Do not round intermediatecalculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)Operating cash flow

The problem requires the determination of the OCF or the Operating Cash Flows. Operating cash flow…

Answered: Problem 2-10 Calculating Cash Flows The…

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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What was free cash flow (in millions of dollars) for the year ended January 30, 2021 (denoted as fiscal 2020 in Target's statements)? Free Cash Flow $ 7,918 X million
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How does Long-Term Bank Loan impact Avett Inc.'s 2020 Statement of Cash Flows? Question 10 options: The periodic change in Long-Term Bank Loan is added in Cash Flows from Operations The periodic change in Long-Term Bank Loan is added in Cash Flows from Financing The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Financing The periodic change in Long-Term Bank Loan is added in Cash Flows from Investing The periodic change in Long-Term Bank Loan is not included on the Statement of Cash Flows The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Operations The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Investing
1 1 Cosy Stoves Limited is planning a major capital investment in April 2022 which requires an extension of the company's bank overdraft. The company provides you with the following financial information: Month January 2022 (budgeted) February 2022 (budgeted) March 2022 (budgeted) April 2022 (budgeted) May 2022 (budgeted) Notes Questions Sales £ Purchases Wages a. Trade receivables b. Trade payables c. Wages and salaries £ 200,000 100,000 225,000 125,000 240,000 130,000 £ 45,000 Overheads £ 10,000 50,000 12,000 250,000 132,000 52,000 52,000 13,000 260,000 135,000 55,000 15,000 1. The bank balance at 1st March 2022 is expected to be £35,000. 2. 30% of sales are for cash with the other 70% being made on credit. 60% of credit sales pay in the month following the month of sale with the other 40% paying 2 months after the month of sale. 3. Purchases are paid for in the month after the month in which they are made. 4. 68% of wages are paid in the current month with the other 32%…
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Fiscal year is January-December. All values PHP Millions. 2020 2019 Cash & Short Term Investments 57,461 23,022 Cash Only 21,361 20,892 Short-Term Investments 36,100 2,130 Cash & Short Term Investments Growth 149.59% -4.75% Cash & ST Investments / Total Assets 27.26% 12.28% Total Accounts Receivable 7,050 5,906 Accounts Receivables, Net 5,796 5,370 Accounts Receivables, Gross 6,455 5,762 Bad Debt/Doubtful Accounts -659 -392 Other Receivables 1,253 537 Accounts Receivable Growth 19.36% 21.46% Accounts Receivable Turnover 18.34 30.41 Inventories 10,727 12,016 Finished Goods - 9,116 Raw Materials 7,680 228 Progress Payments & Other 3,048 2,673 Other Current Assets 4,802 4,675 Prepaid Expenses 4,661 4,436 Miscellaneous Current Assets 141 239 Total Current Assets 80,041 45,619 Net Property, Plant & Equipment…
Fiscal year is January-December. All values PHP Millions. 2020 2019 Cash & Short Term Investments 57,461 23,022 Cash Only 21,361 20,892 Short-Term Investments 36,100 2,130 Cash & Short Term Investments Growth 149.59% -4.75% Cash & ST Investments / Total Assets 27.26% 12.28% Total Accounts Receivable 7,050 5,906 Accounts Receivables, Net 5,796 5,370 Accounts Receivables, Gross 6,455 5,762 Bad Debt/Doubtful Accounts -659 -392 Other Receivables 1,253 537 Accounts Receivable Growth 19.36% 21.46% Accounts Receivable Turnover 18.34 30.41 Inventories 10,727 12,016 Finished Goods - 9,116 Raw Materials 7,680 228 Progress Payments & Other 3,048 2,673 Other Current Assets 4,802 4,675 Prepaid Expenses 4,661 4,436 Miscellaneous Current Assets 141 239 Total Current Assets 80,041 45,619 Net Property, Plant & Equipment…
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181 An investor is considering a business opportunity with the anticipated re- ceipts and disbursements shown in the following table. Calculate the net cash flow representing this investment, and then find the present worth of the net cash flow for an interest rate of 0% and 12%. Answer: $175,000; –$12,915 End of Year Disbursements Receipts $300,000 75,000 25,000 30,000 $ 20,000 60,000 1 135,000 180,000 210,000 4
Desrosiers Ltd. had the following long-term receivable account balances at December 31, 2019. Notes receivable $1,800,000 Notes receivable - Employees 400,000 Transactions during 2020 and other information relating to Desrosiers' long-term receivables were as follows: 1. The $1,800,000 note receivable is dated May 1, 2019, bears interest at 9%, and represents the balance of the consideration received from the sale of Desrosiers's electronics division to New York Company. Principal payments of $600,000 plus appropriate interest are due on May 1, 2020, 2021, and 2022. The first principal and interest payment was made on May 1, 2020. Collection of the note instalments is reasonably assured. 2. The $400,000 note receivable is dated December 31, 2019, bears interest at 8%, and is due on December 31, 2022. The note is due from Marcia Cumby, president of Desrosiers Ltd., and is secured by 10,000 Desrosiers common shares. Interest is payable annually on December 31, and the interest payment…
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