Question

Dexter Corporation ended the year with a net income of $500,000. Calculated in this net income...

Dexter Corporation ended the year with a net income of $500,000. Calculated in this net income number is $50,000 in depreciation expense. Over the year Dexter increased its current assets by $50,000 and increased its current liabilities by $20,000. Additionally, Dexter invested $90,000 in plant property and equipment. What is Dexter’s free cash flow for the year?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Comment below if you have any query i will solve it asap !! thanks

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Use the statements below to answer the questions that follow: Income Statement for the Year Ended,...
Use the statements below to answer the questions that follow: Income Statement for the Year Ended, December 31, 2017 Sales 150,000 Expenses Cost of Goods Sold 80,000 Operating Expenses 30,000 EBIT (aka Operating Profit) 40,000 Interest 8,000 Income Tax 13,000 Total Expenses 131,000 Net Operating Income 19,000 Other Income Gain on Sale of Equipment 10,000 Net income 29,000 Balance Sheet 31-Dec-17 31-Dec-16 Assets Current Assets Cash 95,000 78,000 Accounts Receivable 60,000 82,000 Finished Goods 25,000 50,000 Materials Inventory 110,000 80,000...
1. The data given below are from the accounting records of the Kuhn Corporation: Net Income...
1. The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) $ 45,000 Depreciation Expense $ 9,000 Decrease in Accounts Payable $ 2,500 Decrease in Inventory $ 3,000 Increase in Bonds Payable $ 10,000 Sale of Common Stock for cash $ 30,000 Increase in Accounts Receivable $ 4,500 Based on this information, the net cash provided by (used in) operating activities using the indirect method would be: Multiple Choice $55,000 $58,000 $50,000 $60,000...
Condensed financial data of Monopoly Corporation appear below:    A cash dividend was declared and paid...
Condensed financial data of Monopoly Corporation appear below:    A cash dividend was declared and paid in full to stockholders during the year. Required: Solve for the missing numbers. (Enter any deductions and cash outflows as a negative value.) MONOPOLY CORPORATION Comparative Balance Sheet December 31 Current Year Prior Year Assets Cash $24,080 $16,800 Accounts receivable 31,200 Inventories 69,200 Prepaid rent 1,620 1,200 Property, plant, and equipment 212,000 192,000 Accumulated depreciation (50,200) (36,000) Total assets $307,100 $274,400 Liabilities and Stockholders'...
Ivanhoe Corporation recently filed the following financial statements with the SEC. Ivanhoe Corporation Income Statement for...
Ivanhoe Corporation recently filed the following financial statements with the SEC. Ivanhoe Corporation Income Statement for the Fiscal Year Ended July 31, 2017 Net sales $58,589 Cost of products sold 41,674 Gross profit $16,915 Selling, general, and administrative expenses 7,466 Depreciation 848 Operating income (loss) $8,601 Interest expense 519 Earnings (loss) before income taxes $8,082 Income taxes 2,829 Net earnings (loss) $5,253 Ivanhoe Corporation Balance Sheet as of July 31, 2017 Assets Liabilities and Stockholders’ Equity Cash and marketable securities...
Selected financial information for the Bravo-Zulu Company for the fiscal year ended December 31, 2016 is...
Selected financial information for the Bravo-Zulu Company for the fiscal year ended December 31, 2016 is as follows: Net Income $122,500 Depreciation Expense 50,000 Purchases of plant assets 125,000 Proceeds on disposals of plant assets 25,000 Loss on Disposal of plant assets 7,500 Accounts receivable decreased 2,500 Accounts payable increased 4,000 Interest expense 5,000 Income tax expense 2,500 Additionally, Bravo-Zulu issued stock in exchange for an outstanding note payable of $72,500. The cash balance on January 1, 2016 was $27,000....
Mark Industries' income statement and related notes for the year ended December 31 are as follows...
Mark Industries' income statement and related notes for the year ended December 31 are as follows (in $): Sales 42,000,000 Cost of Goods Sold (32,000,000) Wages Expense (1,500,000) Depreciation Expense (2,500,000) Interest Expense (1,000,000) Income Tax Expense (2,000,000) Net Income 3,000,000 During the year: •         Wages Payable increased $100,000. •         Accumulated Depreciation increased $2,500,000. •         Interest Payable decreased $200,000. •         Income Taxes Payable increased $500,000. •         Dividends of $100,000 were declared and paid. Under U.S. GAAP, Mark Industries' cash flow from operations (CFO) for the...
A) Net income is $50,000. During the year, the company had $20,000 depreciation expense and a...
A) Net income is $50,000. During the year, the company had $20,000 depreciation expense and a gain on sale of assets of $15,027. In addition, accounts receivable increased $7000, supplies decreased $9000 and accounts payable increased $5,000. What is the net cash provided by operations under the indirect method? B) Net income is $50,000. During the year, accounts payable increased $7,000, inventory decreased $5000, and accounts receivable increased $27,000. What is the net cash provided by operations under the indirect...
1. A company's income statement showed the following: net income, $117,000; depreciation expense, $31,500; and gain...
1. A company's income statement showed the following: net income, $117,000; depreciation expense, $31,500; and gain on sale of plant assets, $5,500. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,700; merchandise inventory increased $19,500; prepaid expenses increased $6,500; accounts payable increased $3,700. Calculate the net cash provided or used by operating activities. 2. Marlow Company purchased a point of sale system on January 1...
Joyner Company’s income statement for Year 2 follows:   Sales $ 705,000       Cost of goods sold 58,000    ...
Joyner Company’s income statement for Year 2 follows:   Sales $ 705,000       Cost of goods sold 58,000       Gross margin 647,000       Selling and administrative expenses 217,000       Net operating income 430,000       Gain on sale of equipment 6,000       Income before taxes 436,000       Income taxes 174,400       Net income $ 261,600     Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1   Assets   Cash $ 205,000    $ 85,700      Accounts receivable 259,000    141,000      Inventory...
The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012....
The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012. INCOME STATEMENT OF MCDONALD’S CORP., 2012 (Figures in $ millions)   Net sales 27,572   Costs 17,574   Depreciation 1,407   Earnings before interest and taxes (EBIT) 8,591   Interest expense 522   Pretax income 8,069   Taxes 2,624   Net income 5,445 BALANCE SHEET OF MCDONALD’S CORP., 2012 (Figures in $ millions)   Assets 2012 2011 Liabilities and Shareholders' equity 2012 2011 Current assets Current liabilities   Cash and marketable securities 2,341 2,341...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT