Business, 28.06.2019 07:00 lberries08

Cardinal industries had the following operating results for 2018: sales = $33,409; cost of goods sold = $23,771; depreciation expense = $5,907; interest expense = $2,665; dividends paid = $1,915. at the beginning of the year, net fixed assets were $19,850, current assets were $6,991, and current liabilities were $3,938. at the end of the year, net fixed assets were $24,421, current assets were $8,630, and current liabilities were $4,592. the tax rate for 2018 was 23 percent. a. what is net income for 2018? b. what is the operating cash flow for 2018? c. what is the cash flow from assets for 2018? d. if no new debt was issued during the year, what is the cash flow to creditors? e. if no new debt was issued during the year, what is the cash flow to stockholders?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 10:30

Describe three scenarios in which you might utilize mathematics to investigate a crime scene, accident scene, or to make decisions involving police practice. be sure to explain how math is used in police as they work through each scenario.

Answers: 1

Answer

Business, 22.06.2019 12:50

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:

Answers: 2

Answer

Business, 22.06.2019 21:10

Ahospital purchases a $500,000 magnetic resonance imaging (mri) machine that has a useful life of 9 years. the salvage value at the end of 9 years is $77,000. (a) write a linear equation that describes the value y (in dollars) of the mri machine in terms of the time t (in years), 0 ≤ t ≤ 9. (b) find the value, in dollars, of the machine after 6 years. $ (c) find the time, in years, when the value of the equipment will be $140,000. (round your answer to two decimal places.) yr

Answers: 2

Answer

Business, 23.06.2019 13:10

Barry owns a 50 percent interest in b& b interests, a partnership. his brother, benny, owns a 35 percent interest in that same partnership, and the remaining 15 percent is owned by an unrelated individual. during 2016, barry sells a rental property with a basis of $60,000 to b& b interests for $100,000. the partnership intends to hold the rental as inventory for resale. what is the amount and nature of barry’s gain or loss on this transaction?

Answers: 1

Answer

You know the right answer?

Cardinal industries had the following operating results for 2018: sales = $33,409; cost of goods s...

Questions