Cash outflows and income statement of a company, Financial Management

a. You only need to complete the 2012 column, leave the 2011 column as is.

b. Base you net income and certain other information needed from the income statement you completed in template 21.

c. Remember that cash outflows are entered as negative numbers.

d. During the year, the company did not dispose of any assets and bought a new delivery truck for $32,500.

e. The company paid $2,000 per month in mortgage principle payments.

f.  Selected balance sheet account balances are shown below:

Balance sheet:







6/30/2012

6/30/2011

Taxes Payable


22688

11221

Accounts Receiv.


148777

156234

Wages Payable


10343

9211

Accounts Payable

125900

122010

Prepaid Expenses

2500

2500

Inventory


112400

108090

Cash



???????

14233

 

Posted Date: 4/2/2013 3:42:55 AM | Location : United States







Related Discussions:- Cash outflows and income statement of a company, Assignment Help, Ask Question on Cash outflows and income statement of a company, Get Answer, Expert's Help, Cash outflows and income statement of a company Discussions

Write discussion on Cash outflows and income statement of a company
Your posts are moderated
Related Questions
The ledger of AISExperts Inc. showed the following balances after adjustment , but before closing, on December 31, 2012, the end of the current year: Accounts payab

A futures contract is a contract to purchase (and sell) a particular asset at a fixed price in a future time period. There are two parties for every futures contract - the seller o

Why do we focus on cash flows in place of profits when evaluating proposed capital budgeting projects? We focus on cash flows in place of profits while evaluating proposed capita

How do opportunity costs affect the capital budgeting decision-making process? Opportunity costs reflect the foregone advantages of the alternative not chosen when a capital bu

Role of market efficiency: Market efficiency signifies how ‘quickly and accurately' does relevant information have its effect on the asset prices. Depending upon the degree of

Question 1 Define 'Trust'. Explain in detail the various types of Trust Question 2 Discuss the concept of Tax Planning. Identify difference between Tax Planning and Tax Ev

Wing Yin Tsui, CEO of Lian Huang & Wong Bin Dean Hwang Manufacturing Limited is considering a four year project. The project requires an initial investment of $10,000,000 to buy ne

a) Year 2 Current Ratio = 700 / 300 = 2.33 : 1 Year 1 Current Ratio = 500 / 200 = 2.5 : 1 Year 2 Acid Test = (700 - 350) / 300 = 1.17 : 1 Year 1 Acid Test = (500 - 250) / 200 =

The management of Nelson plc wish to estimate their firm's equity beta. Nelson has had a stock market quotation for only two months and the financial management feels that it would

Forward market evaluation Net receipt in 1 month = 240000 - 140000 = $100000 Nedwen Co requires to sell dollars at an exchange rate of 1.7829 + 0.003 = $1.7832 per £ Ster