Chapter 2 Problems

Chapter 2 Problems - Depreciation $8,000.00 Taxes...

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Kristin Yuzuik #1 - Building A Balance Sheet Assets Liabilities Current Assets $5,300.00 Current Liabilities $3,900.00 Fixed Assets $26,000.00 Long Term Debt $14,200.00 $31,300.00 $18,100.00 Stockholder's Equity $13,200.00 Net Working Capital Current Assets - Current Liabilities $1,400.00 #8 - Cashflow to Creditors Cashflow to Creditors = Interest paid - (Ending LT debt - Beginning LT debt) Ending LT debt 1.39 Million Beginning LT debt (1.34 Million) 118,000 ($50,000) Cashflow to Creditors $68,000 #14 - Calculating Total Cashflows Net Income $70,600.00
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Unformatted text preview: Depreciation $8,000.00 Taxes $18,060.00 Accounts Payable $11,000.00 Total Op. Cashflow $107,660.00 Interest $11,000.00 Retirement of old debt $7,100.00 Debt Service $18,100.00 Proceeds from LT debt sale $(7,250.00) Cash Flow to Creditors $10,850.00 #17 - Residual Claims a) Assets $10,500.00 Liabilities $9,700.00 Stockholder's Equity $800.00 b) Assets $6,800.00 Liabilities $9,700.00 Stockholder's Equity $(2,900.00) The company would be in debt because there are not enough assets to cover the liabilities....
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Chapter 2 Problems - Depreciation $8,000.00 Taxes...

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