Calculate net income and its net cash flow

Assignment Help Accounting Basics
Reference no: EM131766469

Accrual versus cash basis of accounting.

Consider the following information reported by DairyLamb, a New Zealand firm; all figures are in millions of New Zealand dollars ($). The firm reported revenues of $13,882, cost of goods sold of $11,671, interest and other expenses of $2,113, and tax expense of $67. It also reported $13,894 in cash receipts from customers, $102 in miscellaneous cash receipts, $5,947 in cash payments to employees and creditors, $6,261 in cash payments for milk, $402 in cash payments for interest, and $64 in cash payments for taxes. Calculate net income and its net cash flow.

Reference no: EM131766469

Questions Cloud

What is the difference between nuclear fusion : What is the difference between nuclear fusion and nuclear fission?
Identify one of diseases that are currently on rise in us : Your Epidemiology research report seeks to identify one of the diseases that are currently on the rise in the United States.
What is meant by interperiod equity : What is meant by "interperiod equity," and what implications might it have for financial reporting
With what speed does the ball leave the club : For simplicity, assume that the average net force applied to the ball acts parallel to the ball's motion, has a magnitude of 7350 N, and is in contact
Calculate net income and its net cash flow : cash payments for interest, and $64 in cash payments for taxes. Calculate net income and its net cash flow
How much work does team a do if they pull team : During a tug-of-war, team A pulls on team B by applying a force of 2670 N to the rope between them. How much work does team A do if they pull team B
The disaster do the three proposed interventions fall : Throughout this course, you have viewed the "Diary of Medical Mission Trip" videos dealing with the catastrophic earthquake in Haiti in 2010.
Determine harrys minimum payment : Assuming there are no additional charges or cash advances, Determine Harry's minimum payment on Oct 1st
What should be the magnitude of p : The coefficient of kinetic friction is 0.274. What should be the magnitude of P, so that the net work done by it and the kinetic frictional force is zero?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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