BUSN 379 Week 1 Homework – Latest 2016
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BUSN 379 Week 1 Homework –
Latest 2016
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?
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?
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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