Day Labor Company had depreciation expenses of $108,905, interest expenses of $78,112, a tax rate of 30%, and an EBIT of $1,254,338 for the year ended June 30, 2011. What is the cash coverage ratio for this company? Round Answer…
Purchased a home in Maine on December 15, 1996 for $250,000 and lived in it full time until purchased a second home in Florida on October 1, 2007 for $380,000. In 2007 and 2008 continued to have primary residence in…
Financial statements for Hilton Company are presented below: Hilton Company Balance Sheet December 31, 2012 Assets Liabilities & Stockholders’ Equity Cash $ 40,000 Accounts payable $ 20,000 Accounts receivable 35,000 Bonds payable 50,000 Buildings and equipment 150,000 Common stock 65,000…
Baker Corporation conducted the following activities during 2001: (1) they sold 10,000 shares of their own stock for $20.00 per share; (2) they issued bonds for which they received $500,000; (3) they paid dividends to their stockholders totaling $85,000; (4)…
A person wins $1 million in the state lottery. Actually, the person receives $50,000 per year every September 1st. Using a 10 percent discount rate and the bonds table, construct a cash-matched dedicated portfolio that will service this need Company…
The income statement for Edgebrook Company shows cost of goods sold $311,900 and operating expenses (exclusive of depreciation) $229,680. The comparative balance sheet for the year shows that inventory increased $20,470, prepaid expenses decreased $8,440, accounts payable (related to merchandise)…
The total on the “Supplier balance summary report” at January 31, the end of the first month of operations, agrees with the total of the Accounts Payable debit column in the cash payments journal for the same period.
Write short notes on applications of the given in production operations: a. aggregate planningb. quality acceptance plansc. learning curvesd. dependent demande. e-commerce Research cash rebates and other equivalent cash management techniques and reply the following questions: Are these practices sound…
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash disbursements (excluding cash disbursements for loan principal and interest payments) for the first three months of next year. CashReceipts CashDisbursementsJanuary $ 525,000 $ 475,000 February…
The only capital investment required for a small project is investment in inventory. Profits this year were 20,000 and inventory increased from $8,000 to $9,000. What was the cash flow from the project?
