The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of$1,280,000, $120,000 in the common stock account and $2,120,000 in the additionalpaid-in surplus account. The December 31, 2014, balance sheet showed long-term debtof $1,410,000, $135,000 in the common stock account and $2,380,000 in the additionalpaid-in surplus account. The 2014 income statement showed an interest expense of$93,400 and the company paid out $135,000 in cash dividends during 2014. The firm'snet capital spending for 2014 was $640,000, and the firm reduced its net working capitalinvestment by $105,000. (Enter your answer as directed, but do not roundintermediate calculations.)Required:What was the firm's operating cash flow during 2014?Operating cash flow+A

Calculation of Operating Cash Flow during 2014:The firm’s operating cash flow during 2014 is…

Answered: The December 31, 2013, balance sheet of…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The 2017 balance sheet of Kerber’s Tennis Shop, Incorporated, showed $2.4 million in long-term debt, $720,000 in the common stock account, and $6.05 million in the additional paid-in surplus account. The 2018 balance sheet showed $4.1 million, $895,000, and $8.3 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $190,000. The company paid out $600,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $860,000, and the firm reduced its net working capital investment by $115,000, what was the firm's 2018 operating cash flow, or OCF?
On January 1, 2017, Rama Corporation paid $150,000 for 30% of Samer Company's stock. Rama reported a net income of $25,000 in 2017, paid out $10,000 in dividends, and the annual amortization was $1,000 due to the undervaluation of the buildings (F.V> B.V). Rama uses the equity method. What is the balance of investment in Samer Company that will be reported on December 31, 2017? a. $157,500 O b. $153,500 O c. $150,000 d. $153,400
Milk Company revealed the following account balances on December 31, 2016: Accounts payable 1,500,000.00 Bonds payable 2,500,000.00 Discount on bonds payable 300,000.00 Dividend payable 800,000.00 Notes payable, due 2018 2,000,000.00 What total amount should be reported as current liabilities? 1,500,000 2,300,000 4,500,000 5,100,000
APS Company issued 20,000 shares of $1 par common stock for $40 per share during 2017. The company paid cash dividends of $48,000, sold an old machine for $3000 and issued long-term notes payable of $440,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows? $1.195,000 net cash inflow. $352,000 net cash inflow. $705,000 net cash outflow. $1,192,000 net cash inflow.
Madrid Company has provided the following data (ignore income taxes): 2014 revenues were $80,500. 2014 net income was $34,500. Dividends declared and paid during 2014 totaled $6,300. Total assets at December 31, 2014 were $223,000. Total stockholders' equity at December 31, 2014 was $130,000. Retained earnings at December 31, 2014 were $85,000. Which of the following is not correct?
Amy Dyken, controller at Shamrock Pharmaceutical Industries, a public company, is currently preparing the calculation for basic and diluted earnings per share and the related disclosure for Shamrock’s financial statements. Below is selected financial information for the fiscal year ended June 30, 2020. Long-term debt Notes payable, 10% $990,000 9% convertible bonds payable 5,040,000 10% bonds payable 6,080,000 Total long-term debt $12,110,000 Shareholders’ equity Preferred stock, 5% cumulative, $50 par value, 104,000 shares authorized, 26,000 shares issued and outstanding $1,300,000 Common stock, $1 par, 10,000,000 shares authorized, 1,000,000 shares issued and outstanding 1,000,000 Additional paid-in capital 3,990,000 Retained earnings 6,090,000 Total shareholders’ equity $12,380,000 The following transactions have also occurred at Shamrock. 1. Options were granted on July 1, 2019, to purchase 180,000 shares at $15…
Yellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances. Deficit (debit balance in retained earnings) $ 2,300 Common stock 3,800 Paid-in capital—share repurchase 1,800 Treasury stock (at cost) 300 Paid-in capital—excess of par 31,100 During 2025 ($ in thousands), net income was $9,700; 25% of the treasury stock was resold for $600; cash dividends declared were $630; cash dividends paid were $460. What ($ in thousands) was shareholders' equity as of December 31, 2025?
The 2017 balance sheet of Kerber's Tennis Shop , Incorporated, showed $2.4 million long-term debt, $760,000 in the common stock account, and $5.95 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.95 million $985,000, and $8.05 million in the same three accounts , respectively . The 2018 income statement showed an interest expense of $ 310,000 . The company paid out $590,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $690,000 , and the firm reduced its net working capital Investment by $185,000 , what was the firm's 2018 operating cash flow , or OCF ? Typed solution
The 2008 balance sheet of a company showed long-term debt of $4.6 million, $1,740,000 in the common stock account and $4.2 million in the additional paid-in surplus account. The 2009 balance sheet showed long-term debt of $4.9 million, $1,815,000 in common stock account and $4.5 million in the additional paid-in surplus account. The 2009 income statement showed an interest expense of $870,000 and dividends of $590,000. You also know that the firm’s net capital spending for 2009 was $1, 440,000 and the firm’s net working capital was reduced by $95,000. What was the firm’s cash flow to creditors during 2009 and the firms cash flow to stockholders in 2009? What was the firm’s operating cash flow, OCF for 2009? What is the value for FCF?
During 20Y5, Acme Inc. reports average total assets of $175,000, sales revenues of $218,750, and net income of $35,000. Throughout 20Y5, Acme's debt to equity ratio is 1.45. What is Acme's return on equity in 20Y5? Round to the nearest whole number and do not enter a percent sign or a decimal point (e.g., enter 89, not 89.0% or 0.89).
Am. 333.
At the beginning of 2017, Vincia Hill Industries had 25,000 shares of common stock issued and outstanding and 500 $1,000, 6% bonds, each convertible into 10 shares of common stock. During 2017, Vincia Hill had revenues of $160,000 and expenses other than interest and taxes of $100,000. Assume that the tax rate is 35%. None of the bonds was converted or redeemed. 1. Compute diluted earnings per share for 2017

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