Question

Clairvoyant Technologies Inc. has the following financial data: Sales: 10,500,000; Costs: 3,500,000; Depreciation: 1,000,000; EBIT: 6,000,000;...

Clairvoyant Technologies Inc. has the following financial data:

Sales: 10,500,000; Costs: 3,500,000; Depreciation: 1,000,000; EBIT: 6,000,000; Taxable Income (EBT): 5,000,000; Taxes paid: 1,050,000; Net Income: 3,950,000; Dividends paid: 500,000; 2019 LTD: 2,200,000; 2019 Common Stock: 7,600,000; 2018 LTD: 2,400,000; 2018 Common Stock: 7,500,000

Question 10: What was the firm's Cash Flow From in 2019?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Cash flow statement
cash flow from operating activities
net income 3950000
add depreciation 100000
changes in working capital 0
net cash flow from operating activities 4050000
cash flow from Investing activities 0
cash flow from financing activities
payment of long term debt -200000
cash from sale of common stock 1000000
dividend paid -500000
net cash flow from financing activities 300000
net cash flow during the year 4350000
cash flow in 2019 4350000
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
Morrissey Technologies Inc.'s 2019 financial statements are shown here. Morrissey Technologies Inc.: Balance Sheet as of...
Morrissey Technologies Inc.'s 2019 financial statements are shown here. Morrissey Technologies Inc.: Balance Sheet as of December 31, 2019 Cash $180,000 Accounts payable $360,000 Receivables 360,000 Notes payable 56,000 Inventories 720,000 Accrued liabilities 180,000 Total current assets $1,260,000 Total current liabilities $596,000 Long-term debt 100,000 Fixed assets 1,440,000 Common stock 1,800,000 Retained earnings 204,000 Total assets $2,700,000 Total liabilities and equity $2,700,000 Morrissey Technologies Inc.: Income Statement for December 31, 2019 Sales $3,600,000 Operating costs including depreciation 3,279,720 EBIT $320,280...
Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Sales...
Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Sales $4,000,000 Operating costs 3,200,000 EBIT $  800,000 Interest 120,000 Pre-tax earnings $  680,000 Taxes (25%) 170,000 Net income 510,000 Dividends $  190,000 Balance Sheet as of December 31, 2019 Cash $   160,000 Accounts payable $   360,000 Receivables 360,000 Line of credit 0 Inventories 720,000 Accruals 200,000 Total CA $1,240,000 Total CL $   560,000 Fixed assets 4,000,000 Long-term bonds 1,000,000 Total Assets $5,240,000 Common stock 1,100,000 RE 2,580,000 Total L&E $5,240,000...
Question No: 2 The financial statements of Ahmed Company appear below: Ahmed Company Comparative Balance Sheet...
Question No: 2 The financial statements of Ahmed Company appear below: Ahmed Company Comparative Balance Sheet December 31, ———————————————————————————————— Assets                                                                                  2019               2018 Cash                                                                              $ 250,000     $ 400,000 Short-term investments                                              150,000 600,000 Accounts receivable (net)                                                  500,000       300,000 Inventory    500,000     700,000 Property, plant and equipment (net)                           2,600,000    3,000,000      Total assets                                                       $4,000,000   $5,000,000 Liabilities and stockholders' equity Accounts payable                                                           $ 200,000   $ 300,000 Short-term notes payable                                                   300,000         900,000 Bonds payable 900,000     1,600,000 Common stock 1,500,000     1,500,000 Retained earnings                                                          ...
Financing Deficit Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31,...
Financing Deficit Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Sales $4,000,000 Operating costs 3,200,000 EBIT $  800,000 Interest 120,000 Pre-tax earnings $  680,000 Taxes (25%) 170,000 Net income 510,000 Dividends $  190,000 Balance Sheet as of December 31, 2019 Cash $   160,000 Accounts payable $   360,000 Receivables 360,000 Line of credit 0 Inventories 720,000 Accruals 200,000 Total CA $1,240,000 Total CL $   560,000 Fixed assets 4,000,000 Long-term bonds 1,000,000 Total Assets $5,240,000 Common stock 1,100,000 RE 2,580,000 Total...
​(Financial forecastinglong dashdiscretionary financing needs​) J. T.​ Jarmon, Inc. has been in business for only 1​...
​(Financial forecastinglong dashdiscretionary financing needs​) J. T.​ Jarmon, Inc. has been in business for only 1​ year, and the CFO expects that the relationship between firm sales and its operating​ expenses, current​ assets, net fixed​ assets, and current liabilities will remain at their current proportion of sales. Last​ year, Jarmon had ​$10 million in sales and net income of ​$1.00 million. The firm anticipates that next​ year's sales will reach ​$12.500 ​million, with net income rising to ​$1.10 million. Given...
Financing Deficit Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31,...
Financing Deficit Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Sales $4,000,000 Operating costs 3,200,000 EBIT $ 800,000 Interest 120,000 Pre-tax earnings $ 680,000 Taxes (25%) 170,000 Net income 510,000 Dividends $ 190,000 Balance Sheet as of December 31, 2019 Cash $ 160,000 Accounts payable $ 360,000 Receivables 360,000 Line of credit 0 Inventories 720,000 Accruals 200,000 Total CA $1,240,000 Total CL $ 560,000 Fixed assets 4,000,000 Long-term bonds 1,000,000 Total Assets $5,240,000...
Garlington Technologies Inc. s 2010 financial statements are shown below. Suppose that in 2011 sales increase...
Garlington Technologies Inc. s 2010 financial statements are shown below. Suppose that in 2011 sales increase by 10% over 2010 sales and that 2011 dividends will increase to $ 112,000. Construct the pro forma financial statements using the percent of sales method. Assume the firm operated at full capacity in 2010. Use an interest rate of 13% on the debt balance at the beginning of the year. Assume that the AFN will be in the form of notes payable. 2010...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019   2018   2019   2018   2019 Assets Liabilities and Owners’ Equity   Current assets Current liabilities       Cash $ 3,251 $ 3,407    Accounts payable $ 2,143 $ 2,580       Accounts receivable 4,777 5,801    Notes payable 1,740 2,096       Inventory 12,438 13,802    Other 88 105         Total $ 20,466 $ 23,010       Total $ 3,971 $ 4,781 Long-term debt $ 13,600 $ 16,360 Owners’ equity    Common stock       and...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019   2018   2019   2018   2019 Assets Liabilities and Owners’ Equity   Current assets Current liabilities      Cash $ 5,298 $ 5,827    Accounts payable $ 3,754 $ 3,986      Accounts receivable 7,707 8,477    Notes payable 3,045 3,318      Inventory 12,150 21,956    Other 152 179         Total $ 25,155 $ 36,260       Total $ 6,951 $ 7,483 Long-term debt $ 24,700 $ 16,000 Owners’ equity    Common stock       and...
1.) The Berndt Corporation expects to have sales of $10 million. Costs other than depreciation are...
1.) The Berndt Corporation expects to have sales of $10 million. Costs other than depreciation are expected to be 70% of sales, and depreciation is expected to be $1.5 million. All sales revenues will be collected in cash, and costs other than depreciation must be paid for during the year. Brendt's federal-plus-state tax rate is 40%. Berndt has no debt. Set up an income statement. What is Berndt's expected net income? Enter your answer in dollars. For example, an answer...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT