BUSN 379 Week 1
Homework
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8. Calculating
OCF. Hammett, Inc., has sales of $34,630, costs of $10,340,
depreciation expense of $2,520, and interest expense of $1,750. If the tax rate
is 35 percent, what is the operating cash flow, or OCF?
14. Weiland Co. shows the
following information on its 2014 income statement: sales = $167,000; costs =
$88,600; other expenses = $4,900; depreciation expense = $11,600; interest
expense = $8,700; taxes = $18,620; dividends = $9,700. In addition, you’re told
that the firm issued $2,900 in new equity during 2014, and redeemed $4,000 in
outstanding long-term debt.
a. Calculating Cash Flows.
What is the 2014 operating cash flow?
b. What is the 2014 cash
flow to creditors?
d. If net fixed assets
increased by $23,140 during the year, what was the addition to NWC?’
19. Net Income and OCF.
During the year, Belyk Paving Co. had sales of $2,600,000. Cost of goods sold,
administrative and selling expenses, and depreciation expense were $1,535,000,
$465,000, and $520,000, respectively. In addition, the company had an interest
expense of $245,000 and a tax rate of 35 percent. (Ignore any tax loss
carryback or carryforward provisions.)
a. What is Belyk’s net income?
b. What is its operating
cash flow?
c. Explain your results in
(a) and (b).
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