Below is the balance sheet for Northern Comfort Company for December 31 of 2015 and 2016. 2015 2016
Cash 900 1,000
Accounts payable 2,700 3,000
Accounts receivable 2,700 3,000
Current liabilities 2,700 3,000
Inventory 2,700 3,000
Long-term debt 5,400 6,000
Current assets 6,300 7,000
Total liabilities 8,100 9,000
Net fixed assets 11,700 13,000
Equity 9,900 11,000
Total assets 18,000 20,000
Total liab. 18,000 20,000

The income statement for 2016 is also given:

Amount
Sales 48,000
Cost 26,400
Depreciation 7,200
EBIT 14,400
Interest 4,800
Taxes 2400
Net income 7200

Required:
a. What was the operating cash flow for 2016?
b. What was the change in net working capital?
c. What was net capital spending in 2016?
d. What was the CFFA for 2016?

Which of the following accurately describes a situation in which consumers have elastic demand? a. a restaurant starts using margarine instead of butter because butter becomes more expensive. b. consumers boycott a restaurant because the waiters aren't paid minimum wage. c. a company starts using sugar instead of corn syrup because its revenues are up. d. people give up eating pasta and bread because they want to lose weight. 2b2t

An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $

The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?