Find the net income and cash flows

Assignment Help Financial Management

Reference no: EM131447600

ABC Corporation has sales of $6,150,000 in the past year, with operating expenses of $1,105,000 and cost of goods sold of $1,750,000. Depreciation expense of $520,000, Interest expenses amounted to $350,000, and $275,000 in common stock dividends were received. Common stock, which has been purchased ten months earlier for $725,000, was sold for $1,100,000. Prepare the income statement for the ABC Corporation. Use the applicable corporate tax rate. Also, find the net income and Cash Flows. Please give detail on solution.

Reference no: EM131447600

Questions Cloud

What was the process of the creation : What was the process of the creation. (Give me a rough idea. Point out the main parts of what you used in the program to create the animation.)

Creation of derivatives-risk management and hedging : One of the most important contributions that high-finance people talk about is financial innovation, which includes things like securitization, creation of derivatives, risk management and hedging, and finding innovative ways of capital management. P..

What was the primary distinction : Based on the data presented in class, what was the primary distinction between veterans entangled in criminal justice and veterans not entangled in criminal justice? Explain you answer.

Calculate casellos total stockholders equity : Casello Mowing & Landscaping's year-end 2015 balance sheet lists current assets of $435,700, fixed assets of $550,300, current liabilities of $417,100, and long-term debt of $315,500. Calculate Casello’s total stockholders’ equity.

Find the net income and cash flows : ABC Corporation has sales of $6,150,000 in the past year, with operating expenses of $1,105,000 and cost of goods sold of $1,750,000. Depreciation expense of $520,000, Interest expenses amounted to $350,000, and $275,000 in common stock dividends wer..

Briefly explain the extent of the research : If you're giving a presentation in a subject area that you've researched thoroughly but in which you don't have any handson experience (suppose your topic is coordinating a major facility relocation or hiring a tax attorney, for instance), which o..

How muliticulturalism and diversity affect benefits design : Cultural differences in other countries affecting benefits design. Values and morality affecting design of benefit packages. How muliticulturalism and diversity affect benefits design. Government acts and laws enacted to facilitate benfits in the wor..

Winter time adventures is going to pay annual dividend : Winter Time Adventures is going to pay an annual dividend of $2.60 a share on its common stock a year from now. Yesterday, the company paid a dividend of $2.50 a share. The company adheres to a constant rate of growth dividend policy. What will one s..

How do genes impact health and disease : How do genes impact health and disease? (n.d.). Retrieved March 19, 2017, from http://www.genesinlife.org/genes-your-health/how-do-genes-impact-health-and-disease

User Account

All Pages