22. Calculating Cash Flow Blue Diamond Industries had the following operating results for 2017; sales=$44,600; cost of goods sold= $247,500; depreciation expense= $4,630; interest expense= $1,050; dividends paid= $2,275. At the beginning of the year, net fixed assets were $27,510, current assets were $6,840, and current liabilities were $4,580. At the end of the year, net fixed assets were $35,610, current assets were $7,720, and current liabilities were $4,830. The tax rate was 40 percent. a. What was net income for 2017?
b. What was the operating cash flow for 2017?
c. What was the cash flow from assets for 2017? Is this possible? Explain.
d. If no new debt was issued during the year, what was the cash flow to creditors? What was the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers in (a) through (d).

Landon mars, the company bookkeeper, recorded the $10,000 purchase of land as rent expense by decreasing cash and decreasing shareholders' equity. what is the effect of this error on the accounting equation

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes