Determining the cash flow from operations
A firm has net sales of $3,000, cash expenses (including taxes) of $1,400, and depreciation of $500. If accounts receivable increase over the period by $400, what would be cash flow from operations?
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A new staff accountant for the McCollum Corporation recorded the following journal entries during the second year of operations. McCollum retires shares that it reacquires.
On December 31, 2013 Ramon Corp has 500,000 oustanding common shares and 62,000 shares of $100 par value 6% cumulative preferred stock.
Since 20X4 was a profitable year, the company paid its dividend in full. What is the total dividend payable to preferred stockholders?
Assume you purchased a rental property for $50,000 and sold it one year later for $55,000 (there was no mortgage on the property). At the time of the sale, you paid $2,000 in commissions and $600 in taxes.
The flotation cost was 10 percent of gross proceeds. The dividend rate is 16 percent. What is the effective cost of the preferred stock?
During a period of rising prices, the financial statements of a firm using FIFO reporting instead of LIFO reporting would show:
Assume the fair value of the bonds on December 31, 2014, had risen to $806 million. Prepare the journal entry to adjust the bonds to their fair value for presentation in the December 31, 2014, balance sheet.
The firm's reported earnings are $300,000. After the issuance of the stock, there will be 200,000 shares outstanding. What is the expected price per share?
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