Calculate beginning-of-year balance for long-term debt

Assignment Help Financial Accounting

Reference no: EM131266417

Dogs 4 U Corporation has net cash flow from financing activities for the last year of $31 million. The company paid $172 million in dividends last year. During the year, the change in notes payable on the balance sheet was $36 million and change in common and preferred stock was $0. The end-of-year balance for long-term debt was $305 million.

Calculate the beginning-of-year balance for long-term debt. (Enter your answer in millions of dollars.)

Long-term debt $ m

Reference no: EM131266417

Questions Cloud

Adjusted balance in the allowance for uncollectible accounts : On January 1, Year4 the Accounts Receivable and the Allowance for Doubtful Accounts carried NORMAL balances of $30,000 and $500, respectively. What will be the ADJUSTED balance in the allowance for uncollectible accounts at the end of Year4?

Expenses are expected to include direct materials : A company is considering the purchase of a new machine for $54,000. Management predicts that the machine can produce sales of $16,600 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhe..

Company is considering the purchase of new machine : A company is considering the purchase of a new machine for $54,000. Management predicts that the machine can produce sales of $16,600 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhe..

Two operating departments-drilling and grinding : Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The amount of the total office expenses that should ..

Calculate beginning-of-year balance for long-term debt : Dogs 4 U Corporation has net cash flow from financing activities for the last year of $31 million. The company paid $172 million in dividends last year. During the year, the change in notes payable on the balance sheet was $36 million and change in c..

Calculate the cost of goods sold and the interest expense : You have been given the following information for Moore’s HoneyBee Corp. Calculate the cost of goods sold and the interest expense for Moore’s HoneyBee Corp.

Calculate the income available to pay the asset funders : You are considering a stock investment in one of two firms (AllDebt, Inc., and AllEquity, Inc.), both of which operate in the same industry and have identical operating income of $7.00 million. Calculate the income available to pay the asset funders ..

Book and market values of the firm stockholders equity : Ava’s SpinBall Corp. lists fixed assets of $22 million on its balance sheet. The firm’s fixed assets have recently been appraised at $36 million. Current liabilities’ book and market values stand at $5 million and the firm’s book and market values of..

Calculate the price-earnings ratio and market-to-book ratio : You are considering an investment in Roxie's Bed & Breakfast Corp. During the last year, the firm's income statement listed an addition to retained earnings of $13.20 million and common stock dividends of $1.80 million. What is Roxie's Bed & Breakfas..

User Account

All Pages