Determine what was cash flow for the year

Assignment Help Financial Econometrics
Reference no: EM13327936

IC Optometry a not for profit business, had revenues in 2012 of $35,000. Expenses other than depreciation were 80% of revenues and depreciation was $5,000. All revenues were collected in cash, and all expenses, excluding depreciation, were paid in cash and all expenses exlduing depreciation were paid in cahs during the year. No other assets were purchased, and no money was borrowed during the year.

A. Construct an Income Statement
B. What was Cash Flow for the year?
C. If (under GAAP) IC changed its depreciation method so that the Depreciation Expense tripled, what would be the new Net Income?
D. Again if (Under GAAP) IC changed its depreciation method so that the Depreciation Expense tripled, what would be the Cash Flow?

Reference no: EM13327936

Previous Q& A

  Act stands for advanced cow technology

ACT stands for advanced cow technology. Because of the Brownbeck Bill , a total ban on cloning was pushed, including embryonic cloning. Adult stem cells were discovered in 2001. Nancy Pelosi supported Bush's veto of expanding federal funding of embry..

  Display an error message and quit the program

Then, take in an input file name as the first (and only) argument on the command line using argc and argv in main().This file must be opened as a binary file.If the filename is not found on the command line, display an error message and quit the p..

  Types of keys used in relational database

Explain with examples different types of keys used in relational database, how they help relating different tables.

  Explain what is the percent ionization of a solution of acid

The Ka of a monoprotic weak acid is 6.08 × 10-3. What is the percent ionization of a 0.187 M solution of this acid

  How much total power is supplied to the two appliances

A coffee-maker (19 ?) and a toaster (13 ?) are connected in parallel to the same 120-V outlet in a kitchen. How much total power is supplied to the two appliances

  Determine what is jowers cost of capital structure

The target capital structure for Jowers Manufacturing is 53% common stock, 19% preferred stock, and 28% debt. If the cost of common equity for the firm is 20.4%, the cost of preferred stock is 11.2%,

  Calculate the final potential difference across the plates

Two capacitors C1 = 5.6 ?F, C2 = 13.7 ?F are charged individually to V1 = 16.4 V, V2 = 6.1 V. Calculate the final potential difference across the plates of the capacitors once they are connected

  Sketch a ppp frame and fill in the fields with bits

Sketch a PPP frame and fill in the fields with bits. The information field contains a link layer control message containing two octets which are all ones. The FCS is 01011001 10100111. Make your sketch in a vertical format that is 32 bits wide.

  What is cyrptons cost of capital at the firms for rate

Crypton Electronics has a capital structure consisting of 41% common stock and 59%debt. a debt issue of $1000 par value 6.1% bonds that mature in 15 years and pay intrest will sell for $977.

  Compute the ph of a certain monoprotic weak acid

Calculate the pH when 59.0 mL of 0.229 M hydrochloric acid is mixed with 59.0 mL of 0.229 M sodium hydroxide solution at 25 °C. Calculate the pH when 59.0 mL of 0.229 M of a certain monoprotic weak acid

Reviews

Write a Review

 

Similar Q& A

  Determine the effect on net income and earnings per share

Determine the effect on net income and earnings per share for issuing stock and issuing bonds. Assume the new shares or new bonds will be outstanding for the entire year.

  What is a stock split

What is a cash, special, or stock dividend, what is a stock split and why is a liquidating dividend noteworthy?

  What rate of return do expect to earn on the investment

The Yield To Maturity on a bond is the interest rate you earn on your investment if interest rates don't change. If you actually see the bond before it matures, your realized return is known as the holding period yield (HPY).

  Determine what is the value of the stock today

Simpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of it's earnings. However, investors expect Simpkins to begin paying and dividends, with the first dividend of $.50 coming 3 years from today.

  Determine what is the present value of the risk

An investment will pay $150 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $600 at the end of Year 6.

  Explain why starting large number of wafers into production

The company uses a process costing system and has always made the simplifying assumption that wafers in production, but not yet finished, are 50 percent complete with respect to conversion costs.

  Which firm or firms if either should accept the project

Travel Excitement specializes in making travel reservations and promoting vacation travel. Wilderness Adventures has an aftertax cost of capital of 13 percent and Travel Excitement has an aftertax cost of capital of 11 percent.

  What amount would appear in statement for operating income

Assume the company's accountant prepared a multiple-step income statement. What amount would appear in that statement for operating income. Ignore EPS disclosures.

  Determine what should happen to the supply of money

if there are no excess reserves in the banking system and $1 billion in new reserves are created by the federal reserve, what should happen to the supply of money

  What will the new stock price be if project is undertaken

Gross revenue last year were $9.9 million, and total costs were $5.0 million. Blaine Company has 1.6 million shares of common stock outstanding. Gross revenues and costs are expected to grow at 6 percent per year.

  What is the capital budgeting process

What is capital budgeting, what is the capital budgeting process, what are the principles of capital budgeting and when do we make a capital investment?

  What is allocation rate if patient services revenue is used

The patient services departments generated 7 million in total revenues during the year and to support these clinical activities they used 4663 hours of housekeeping services. What is the allocation rate if patient services revenue is used as the ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd