Given the following information, construct the statement of cash flow. What happened to the firm's liquidity position during the year? Net income $16.7 Decrease in accounts receivable 6.1 Increase in accounts payable 13.6 Sale of bonds 55.1 Dividends 14.8 Retirement of bonds 10.8 Increase in inventory 15.2 Depreciation expense 56.0 Cost of goods sold 72.1 Reduction in income taxes payable 5.0 Sale of stock 0.4 Purchase of plant and equipment 91.0 Beginning cash 1.1 Repurchase of stock 5.6 ? The firm's cash position has increased, but that does not mean the firm is more liquid since inventory and accounts payable increased while accounts receivable declined. You should also note
that the firm increased its investment in plant by using the cash generated through depreciation and the issuing of new long-term debt. The earnings and sale of stock did not cover dividends and stock repurchases. This indicates that the firm is more financially leveraged.
What will be an ideal response?
Statement of Cash Flows for the Period EndingDecember 31, 20XX?Operating activitiesNet income $16.7Depreciation 56.0Decrease in accounts receivable 6.1Increase in inventory (15.2)Increase in accounts payable 13.6Decrease in income taxes payable (5.0)Net cash provided by operating activities $72.2?Investment activitiesIncrease in plant (91.0)Net cash used in investing activities ($91.0)?Financing activitiesProceeds from sale of long-term debt 55.1Payments on long-term debt (10.8)Dividends (14.8)Repurchase of stock (5.6)Sale of stock 0.4Net cash provided by financing activities $24.3?Cash at beginning of the year $1.1Cash at the end of the year $6.6
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When using the ______ code, the receiver accepts the dominant ideology in general but engages in some selective interpretation in order to better fit his or her view of the world.
A. negotiated B. oppositional C. dominant D. Morse
Norwood, Inc purchased a crane at a cost of $80,000 . The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on January 1, 2016 and was used 2,700 hours in 2016 and 2,600 hours in 2017. Refer to the information about Norwood, Inc What amount will Norwood, Inc report as depreciation expense over the 8-year life of
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According to the text, while there is no single, optimal number, traditional guidelines suggest that there should be between ________ categories when using itemized rating scales
A) one and four B) five and nine C) 10 and 14 D) 12 and 15 E) 15 and 19
In performance appraisal, the ______ is a three-step process: Step 1: Set individual objectives and plans, Step 2: Give feedback and evaluate performance, Step 3: Reward according to performance.
A. narrative method or form B. behaviorally anchored rating scale form C. critical incidents method D. management by objectives method