UTT Co. shows the following information on its 2019 financial statement: interest expense = $6,900; dividends = $7,950. In addition, you're told that the firm issued $4,100 in new equity during 2019 and redeemed $6,900 in outstanding long-term debt. What is the 2019 cash flow to creditors?

UTT Co. shows the following information on its 2019 financial statement: interest expense = $6,900; dividends = $7,950. In addition, you're told that the firm issued $4,100 in new equity during 2019 and redeemed $6,900 in outstanding long-term debt. What is the 2019 cash flow to creditors?

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

See similar textbooks

Similar questions

XYZ Corporation has the following financial data for 2021: Interest Expense $20,000; Net New Borrowing $2,000; Dividends Paid $5,000; Net New Stock - $3,000. What is the firm's Cash Flow From Assets for 2021?
Finance
The 2019 balance sheet of Dyrdek’s Skate Shop, Inc., showed long-term debt of $5.2 million, and the 2020 balance sheet showed long-term debt of $5.4 million. The 2020 income statement showed an interest expense of $125,000. What was the firm’s cash flow to creditors during 2020
During 2022, a company makes credit sales of $500, of which $375 is collected at year-end. It pays $200 in expenses and owes $25 for electricity used during 2022. What would the profit be if cash accounting rather than accrual accounting was used? type the number
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 an interest expense of $305,000. During 2021, Osaka's Tennis Shop, Incorporated, realized the following: Cash flow to creditors Cash flow to stockholders $105,000 $ 209,000 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? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Operating cash flow
Ramsay & Bell, Inc. had sales for 2019 of $180,000, and EBITDA was 36% of sales. Furthermore, depreciation was $8,400, interest was $5,760, the corporate tax rate was 21%, and the company pays 10% of its net income as dividends. Given this information and the balance sheets below, calculate the free cash flow for 2019. $24,556 $27,056 $28,556 $30,056 None of the above is within $100 of the correct answer.
Calculating Total Cash Flows: Double Corp. shows the following information on its 2019 income statement: Sales = $415,000; Costs = $176,000; Other expenses = $9,900; Depreciation expense = $28,700; Interest expense = $12,900; Taxes = $23,345; Dividends = $29,500. In addition, you’re told that the firm issued $6,400 in new equity during 2019 and redeemed $4,900 in outstanding long-term debt. What is the 2019 operating cash flow? What is the 2019 cash flow to creditors? What is the 2019 cash flow to stockholders? If net fixed assets increased by $46,000 during the year, what was the addition to NWC?
Hokusai Creative's 2018 balance sheet showed long-term debt of $450,000, the 2019 balance sheet showed long-term debt of $490,000, and the 2019 income statement showed an interest expense of $15,750. Cash flow to creditors in 2019 was:
You are the new accountant for 12th National Bank and are preparing its 2019 statement of cash flows. The bank reports net income of $75,800 on its 2019 income statement. Included in this net income are the following items: $6,700 gain on sale of trading securities, $1,200 unrealized holding gain on trading securities, and $5,100 loss on sale of securities available for sale. Among its 2019 transactions, the bank sold trading securities with a carrying value of $22,900 for $29,600, and purchased trading securities for $65,200. The bank sold securities available for sale with a cost (and carrying value) of $58,700 for $53,600, and purchased securities available for sale for $39,400. It also made routine 90-day loans of $47,500 to customers and collected $20,000 principal on these customer loans. As a result of the preceding information, the bank’s trading securities account increased by $43,500, the securities available for sale account decreased by $19,300, and the loans receivable…
The balance sheet data of Flounder Company at the end of 2020 and 2019 are shown below. Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10 par Retained earnings (a) (b) (c) Net Cash Net Cash 2020 $29,800 55,100 65,400 15,200 89,200 (17,840) 70,700 $307,560 Net Cash $65,500 15,100 -0- 30,000 188,100 8.860 $307,560 ✓by operating activities Land was acquired for $30,300 in exchange for common stock, par $30,300, during the year, all equipment purchased was for cash. Equipment costing $12.900 was sold for $3,000, book value of the equipment was $6,100 Cash dividends of $10,000 were declare and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign eg-12.000 or in parenthesis es (12.00 V by investing activities 2019 $34,800 44,800 ✓by financing activities 45,100 25,100 74,200…
2. Prepare the investing activities section of the statement of cash flows for Laporte Inc. for the year ended December 31, 2020. (Negative answers should be indicated by a minus sign. Enter your answers in millions.) LAPORTE INC. Statement of Cash Flows (Partial) For the Year Ended December 31, 2020 Cash flows from investing activities: Purchase of equipment Sale of equipment Sale of long-term investment Net cash flow from investing activities $ (37)
the 2019 balance sheet of Dyrdeks skate shop showed $570,000 in the common stock account and $2.4 million in the additional paid in surplus account. the 2020 balance sheet showed $610,000 and $2.8 million in the same two accounts, respectively. if the company paid out $515,000 in cash dividends during 2020, what was cash flow to stockholders for the year?

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

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

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

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

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS