The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of$1,435,000, $147,000 in the common stock account, and $2,720,000 in the additionalpaid-in surplus account. The December 31, 2019, balance sheet showed long-term debtof $1,650,000, $157,000 in the common stock account and $3,020,000 in the additionalpaid-in surplus account. The 2019 income statement showed an interest expense of$97,500 and the company paid out $152,000 in cash dividends during 2019. The firm'snet capital spending for 2019 was $1,030,000, and the firm reduced its net workingcapital investment by $132,000.What was the firm's 2019 operating cash flow, or OCF? (A negative answer should beindicated by a minus sign. Do not round intermediate calculations and enter youranswer in dollars, not millions of dollars, rounded to the nearest whole number, e.g.,1,234,567.)Operating cash flow

Operating cash flows The amount of cash created by a company's regular business operations is…

Answered: The December 31, 2018, 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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Based on the accounting records, the total assets book value as of January 1, 2021 is P1,875,362.99 but due to inflation the current cost is determined to be P1,990,800.21 while the total liabilities is P988,123.54 as of January 1, 2021. The company received additional investments of P651,345.22 during the year while dividends declared and paid is P450,650. At the end of the year, the books reported Total assets of P2,992,748.55 and liabilities of P1,555,661.24. What is the net income (loss) under the physical capital concept?
The 2020 balance sheet of Osaka’s Tennis Shop, Incorporated, showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66 million. The 2021 income statement showed and interest expense of $305,000. The 2020 balance sheet showed $780,000 in the common stock account and $4.78 million in the additional paid-in surplus account. The 2021 balance sheet showed $965,000 and $5.04 million in the same two accounts, respectively. The company paid out $654,000 in cash dividends during 2021. Suppose you also know that the firm’s net capital spending for 2021 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm’s 2021 operating cash flow, or OCF?
The December 31, 2021, balance sheet of Chen, Incorporated, showed $144,000 in the common stock account and $2,690,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed $154,000 and $2,990,000 in the same two accounts, respectively. The company paid out $149,000 in cash dividends during 2022. What was the cash flow to stockholders for the year? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Cash flow to stockholders
The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,425,000, $145,000 in the common stock account, and $2,700,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,630,000, $155,000 in the common stock account and $3,000,000 in the additional paid-in surplus account. The 2022 income statement showed an interest expense of $96,500 and the company paid out $150,000 in cash dividends during 2022. The firm's net capital spending for 2022 was $1,010,000, and the firm reduced its net working capital investment by $130,000. What was the firm's 2022 operating cash flow, or OCF? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
Prepare the note disclosure required (e) On 10 September 2021, the company paid a dividend of $210,000, which was declared on 14 July 2020. The company also declared and paid an interim dividend on 25 March 2022 from the retained earnings. (f) Share capital at 1 July 2021 comprised 1,000,000 ordinary shares. These were issued in April 2019 at an issue price of $3.50 and are fully paid. In relation to this issue $32,000 share issue costs were incurred, and these were paid by the company in May 2019. In November 2021 the company issued a prospectus inviting applications for 2,000,000 ordinary shares at an issue price of $4.00, with $3.00 payable on application and $1.00 due on allotment. All of these shares were issued in January 2022. All of the money required on allotment was received by the end of February 2022. Share issue costs in relation to this issue totalled $22,000 and were paid on 7 March 2022. (g) On 30 June 2022, the directors decided to transfer $4,000,000…
Swifty Co. reports the following information for 2020: sales revenue $768,300, cost of goods sold $516,000, operating expenses $85,000, and an unrealized holding loss on available-for-sale debt securities for 2020 of $60,700. It declared and paid a cash dividend of $12,070 in 2020.Swifty Co. has January 1, 2020, balances in common stock $358,200; accumulated other comprehensive income $88,500; and retained earnings $91,950. It issued no stock during 2020. (Ignore income taxes.)Prepare a statement of stockholders’ equity.
The December 31, 2021, balance sheet of Chen, Incorporated, showed $146,000 in the common stock account and $2,710,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed $156,000 and $3,010,000 in the same two accounts, respectively. The company paid out $151,000 in cash dividends during 2022. What was the cash flow to stockholders for the year? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Cash flow to stockholders
Loxery Ltd initially issued 300,000 of OMR1 par value common stock for OMR 1,000,000 in 2017. In 2018, the company repurchased 30,000 shares for OMR 120,000. In 2019, 10,000 of the repurchased shares were resold for OMR50,000. In its statement of financial position dated December 31, 2019, Loxery 's treasury stock account shows a balance of: Select one: a. OMR 60,000 b. OMR 70,000 c. OMR 80,000 d. OMR 50,000
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The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,460,000, $152,000 in the common stock account, and $2,770,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,700,000, $162,000 in the common stock account and $3,070,000 in the additional paid-in surplus account. The 2022 income statement showed an interest expense of $100,000 and the company paid out $157,000 in cash dividends during 2022. The firm's net capital spending for 2022 was $1,080,000, and the firm reduced its net working capital investment by $137,000. What was the firm's 2022 operating cash flow, or OCF? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Operating cash flow Prev 9 of 10 ▬▬▬ ‒‒‒ Next >
Rancho Cucamonga, Inc. presents the following excerpts from its December 31, 2020 balance sheet: Long-Term Liabilities: Note payable, 8% $200,000 Bonds payable, 10% 1,000,000 Shareholders’ Equity Common stock, par 50,000 Additional paid-in-capital, common stock 350,000 Total contributed capital 400,000 Retained earnings 250,000 Total shareholders’ equity 650,000 The accounting department also conveys the following information: Risk-free rate of return - 3% Risk premium - 4.05% Tax rate – 30% Requirement: Compute Rancho Cucamonga’s weighted average cost of capital.
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?

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