Reference no: EM13969306
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,465,000, $153,000 in the common stock account and $2,780,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1,710,000, $163,000 in the common stock account and $3,080,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $100,500 and the company paid out $158,000 in cash dividends during 2014. The firm's net capital spending for 2014 was $1,090,000, and the firm reduced its net working capital investment by $138,000.(Enter your answer as directed, but do not round intermediate calculations.) Required: What was the firm's operating cash flow during 2014?
Complete the table to determine the bonds issue price
: Hartford Research issues bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds have a $26,000 par value and an annual contract rate of 12%, and they mature in 10 years. Consider each of the following three ..
|
Was this exercise a worthwhile investment of your time
: Can you suggest a preferable personality assessment or an alternative method or approach to assess personalities? What are some benefits/liabilities of giving managers access to the MBTI profiles of employees & job applicants? Was this exercise a wor..
|
Which type of analysis is the researcher conducting
: A consumer researcher wants to understand the attributes that guide consumers’ preferences when deciding among different brands of laundry detergent. She asks consumers to compare alternatives across levels of attributes, such as price, gentleness, a..
|
Assume traffic to each destination will be equal
: Grey poodle bus company has to decide on location of its hub. There are 6 possible destinations for the bus it operates. Suppose that the center of town will be used as a reference for describing the possible destinations. A is located 50 miles south..
|
Determining the firm operating cash flow
: The firm's net capital spending for 2014 was $1,090,000, and the firm reduced its net working capital investment by $138,000.(Enter your answer as directed, but do not round intermediate calculations.) Required: What was the firm's operating cash ..
|
Change the carrying value
: Cause the carrying value to be the same as the issue price. Not change the carrying value.
|
Describe potential causes of errors in preparing projected
: Describe two unethical practices of some financial managers in preparing financial statements that could hurt their company. (b) Describe three potential causes of errors in preparing projected (i.e., pro forma) financial statements for a company for..
|
What is the repulsive force
: Upon examination of a periodic table, what do the elements in Group VIA have in common (in terms of their electron configuration)?
|
Indifferent between accepting the project and rejecting
: Is this a good project if the required return is 8%? What if it's 20%? At what discount rate would be indifferent between accepting the project and rejecting it?
|