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- 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?Kendall Corners Inc. recently reported net income of $4.9 million and depreciation of $300,000. What was its net cash flow?
- Calculate the operating cash flow for Initech. (Assume that depreciation is tax deductible.) Initech Corp. Income Statement ($000's) Revenue Cost of Goods Sold SG&A Depreciation Expense. EBIT Interest Expense Income Before Taxes Taxes Net Income: $100,000 64,798 16,202 4,739 14,260 7,230 7,030 2,108 $4,922What amount should be reported as net cash flow from investing activities?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
- The following information was obtained from Galena Company's Comparative Balance Sheets. Assume Galena Company 2020 Income statement showed depreciation expense of $9,000 and a net income of $60,000. In addition, the Long Term investment account changed due to a sale that resulted in an $11,000 gain. The PPE account changed due to purchase of PPE with $43,000 cash. Prepare the cash flow statement under the Indirect Method. Мaу 31, 2020 Мaу 31, 2019 Cash.. .$19,000 $10,000 Accounts Receivable.. „$45,000 $35,000 Inventory.. $55,000 $49,000 Prepaid Rent.. 000'6$" $7,000 Long Term Investments.. $20,000 $34,000 PPE. $150,000 $107,000 Accumulated Depreciation... .$42,000 $33,000 Accounts Payable.. .$26,000 $20,000 Income Tax Payable.. $4,000 $6,000 Common Stock.. $92,000 $92,000 Retained Earnings. .$134,000 $91,000Assume a company did not purchase any equipment during the year, but it did sell a piece of equipment that had an original cost of $500,000 and accumulated depreciation of $300,000. The gain on the sale was $25,000. Based solely on the information provided, the company’s net cash provided by (used in) investing activities would be: Multiple Choice $200,000. $225,000. $250,000. $275,000.X 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 tables
- Reno Company's net income of $30,000 includes a charge for depreciation expense of $20,000. Its estimated net annual cash flow would be OA) $10,000 B) $12,500 OC) $25,000 D) $50,000 E) none of the aboveH1.1. Why does the company add back depreciation to compute net cash flows from operating activities? 2. Why are there changes in accounts receivable and inventories as adjustments to net earnings. Are accounts receivable and inventories balances increasing or decreasing during the year? 3. It is reported that the company invested $572 million in property, plant, and equipment. Is this an appropriate type of expenditure for the company to make? What relation should expenditures for PPE have with depreciation expense? 4. Stryker paid $300 million to repurchase its common stock in fiscal 2018 and, in addition, paid dividends of $703 million. Thus, it paid $1.003 million of cash to its stockholders during the year. How do we evaluate that use of cash relative to other possible uses for the company's cash? 5. Provide an overall assessment of the company's cash flows for fiscal 2018. In the analysis, consider the sources and uses of cash.