Mathematics, 20.12.2022 18:20 manaisialockhart12
You have just been hired as a financial analyst for Paradise Inc. Unfortunately, company headquarters (where all of the firm’s records are kept) has been destroyed by fire. So, your first job will be to recreate the firm’s cash flow statement for the year just ended. The firm had $100,000 in the bank at the end of the prior year, and it’s working capital accounts except cash remained constant during the year. It earned $5 million in net income during the year but paid $900,000 in dividends to common shareholders. Throughout the year, the firm purchased $5.4 million of property, plant, and equipment — the majority having a useful life of more than 20 years and failing under the alternative depreciation system. You have just spoken to the firm’s accountants and learned that annual depreciation expense for the year is $460,000. The purchase price for the represents additions property, plant, and equipment before depreciation. Finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. What was the firm’s end-of-year cash balance? Recreate the firm’s cash flow statement to arrive at your answer. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest dollar, if necessary.
Answers: 3
Mathematics, 21.06.2019 16:30
Arandom sample of 150 high school students were asked whether they have a job. the results are shown in the table. have a job do not have a job male 48 35 female 41 26 select a ord or phrase from the drop-down menus to correctly complete the statements describing the association.
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Mathematics, 21.06.2019 22:30
What is the point of inflection for the function f(x)=2cos4x on the interval (0, pi/2)
Answers: 2
You have just been hired as a financial analyst for Paradise Inc. Unfortunately, company headquarter...
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