Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Ch02 p14 build a model xls

29/12/2020 Client: saad24vbs Deadline: 6 Hours

Ch02 P14 Build a Model

Spring 1, 2013

7/22/12

Chapter 2. Ch 02 P14 Build a Model

Except for charts and answers that must be written, only Excel formulas that use cell references or functions will be accepted for credit.

Numeric answers in cells will not be accepted.

a. Cumberland Industries' most recent sales were $455,000,000; operating costs (excluding depreciation) were equal to 85% of sales; net fixed assets were $67,000,000; depreciation amounted to 10% of net fixed assets; interest expenses were $8,550,000; the state-plus-federal corporate tax rate was 40% and Cumberland paid 25% of its net income out in dividends. Given this information, construct Cumberland's income statement. Also calculate total dividends and the addition to retained earnings.

The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below.

Key Input Data for Cumberland Industries 2010

(Thousands of dollars)

Sales Revenue $455,000

Expenses (excluding depreciation) as a percent of sales 85.0%

Net fixed assest $67,000

Depr. as a % of net fixed assets 10.0%

Tax rate 40.0%

Interest expense $8,550

Dividend Payout Ratio 25%

Cumberland Industries: Income Statement (Thousands of dollars) 2010

Sales

Operating costs excluding depreciation

EBITDA

Depreciation (Cumberland has no amortization charges)

EBIT

Interest expense

EBT

Taxes (40%)

Net income

Common dividends

Addition to retained earnings

b. Cumberland Industries' partial balance sheets are shown below. Cumberland issued $10,000,000 of new common stock in the most recent year. Using this information and the results from part a, fill in the missing values for common stock, retained earnings, total common equity, and total liabilities and equity.

Dollar value of common stock issued (in thousands of dollars) $10,000

Cumberland Industries December 31 Balance Sheets

(in thousands of dollars)

2010 2009

Assets

Cash and cash equivalents $91,450 $74,625

Short-term investments 11,400 15,100

Accounts Receivable 108,470 85,527

Inventories 38,450 34,982

Total current assets $249,770 $210,234

Net fixed assets 67,000 42,436

Total assets $316,770 $252,670

Liabilities and equity

Accounts payable $30,761 $23,109

Accruals 30,405 22,656

Notes payable 12,717 14,217

Total current liabilities $73,883 $59,982

Long-term debt 80,263 63,914

Total liabilities $154,146 $123,896

Common stock $90,000

Retained earnings 38,774

Total common equity $128,774

Total liabilities and equity $252,670

Check for balancing (this should be zero):

c. Construct the statement of cash flows for the most recent year.

Statement of Cash Flows

(in thousands of dollars)

Operating Activities

Net Income

Adjustments:

Noncash adjustment:

Depreciation

Due to changes in working capital:

Due to change in accounts receivable


Kenneth D. Jackson: An increase in accounts receivable from the pevious year to the current year reduces the net cash provided by operating activities Due to change in inventories


Kenneth D. Jackson: An increase in Inventory from the previous year to the current year reduces the net cash provided by operation activities Due to change in accounts payable


Mike Ehrhardt: An increase in accounts payable increases cash flow. Due to change in accruals


Mike Ehrhardt: An increase in accruals is a positive cash flow. Net cash provided (used) by operating activities

Investing Activities

Cash used to acquire gross fixed assets


Christopher Buzzard: Remember, to calculate cash used to acquire fixed assets, we must include depreciation, i.e., assets purchased are equal to the increase in net assets plus depreciation. Due to change in short-term investments


Mike Ehrhardt: Selling securities is a positive cash flow, buying securities is a negative cash flow. Net cash provided (used) by investing activities

Financing Activities

Due to change in long-term debt


Mike Ehrhardt: An increase in debt is a positive cash flow. Due to change in notes payable


Mike Ehrhardt: An increase in debt is a positive cash flow. Due to change in common stock


Mike Ehrhardt: An increase in common stock is a positive cash flow. Payment of common dividends

Net cash provided (used) by financing activities

Net increase/decrease in cash

Add: Cash balance at the beginning of the year

Cash balance at the end of the year

Check: cash balance in statement of cash flows should equal the cash on balance sheets as shown here:

$91,450

Sheet2

7/22/12

Applied Sciences

Architecture and Design

Biology

Business & Finance

Chemistry

Computer Science

Geography

Geology

Education

Engineering

English

Environmental science

Spanish

Government

History

Human Resource Management

Information Systems

Law

Literature

Mathematics

Nursing

Physics

Political Science

Psychology

Reading

Science

Social Science

Home

Blog

Archive

Contact

google+twitterfacebook

Copyright © 2019 HomeworkMarket.com

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Homework Guru
Best Coursework Help
Helping Hand
University Coursework Help
Calculation Guru
Writer Writer Name Offer Chat
Homework Guru

ONLINE

Homework Guru

Hi dear, I am ready to do your homework in a reasonable price and in a timely manner.

$112 Chat With Writer
Best Coursework Help

ONLINE

Best Coursework Help

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$110 Chat With Writer
Helping Hand

ONLINE

Helping Hand

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$110 Chat With Writer
University Coursework Help

ONLINE

University Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$112 Chat With Writer
Calculation Guru

ONLINE

Calculation Guru

I see that your standard of work is to get content for articles. Well, you are in the right place because I am a professional content writer holding a PhD. in English, as well as having immense experience in writing articles for a vast variety of niches and category such as newest trends, health issues, entertainment, technology, etc and I will make sure your article has all the key pointers and relevant information, Pros, Cons and basically all the information that a perfect article needs with good research. Your article is guaranteed to be appealing, attractive, engaging, original and passed through Copyscape for the audience so once they start reading they keep asking for more and stay interested.

$105 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

The last frontier answers - As the twig is bent so grows the tree meaning - Jim cathcart fremantle arts centre - Multitasking thesis statement - Yellow maize kernels surrounded by husks - How strategy shapes structure pdf - Ap statistics section 7.1 exercises - Poetry an introduction sixth edition - Order 2513552: seagull (answer the questions in the assignments) - St francis rc church maidstone - Nhs tayside remote access - CIS 275 - How does jack treat piggy - A level chemistry ionisation energy questions - Depreciation schedule format in excel - California poppy hair oil - Theology 101 - 3.2 1.9 packet tracer answers - Hairy bikers eve's pudding - 3 tiers of noncustomers example - Arthrex biceps tenodesis kit - Economic problem sets 2 - Psychotherapy With Individuals - Blank business plan template - Limiting reagent lab baking soda vinegar answers - Managing information systems strategy and organisation pdf - Splunk regex match string - What are the 4 types of maps - Week 3 IT impact - Intrinsically safe radio standards - Vehicle management system project in java - Similarities of prokaryotic and eukaryotic cells - Doc martens urban dictionary - South west rocks spearfishing - Peer Response - Decision making styles soc 110 - Risk log template prince2 - Price pfister f wk1 68 - 1000 words opioid crisis impact on children due 10/12/2020 - Stepped layout in access - Components of an active vulnerability scan - Radio lobo wichita ks el mercadito - The radicalism of the american revolution review - Aboriginal creation story of uluru - Literature for composition 11th edition pdf free - 571 mount barker road bridgewater - 6.20 warm up online shopping cart java - Boom and bitner 1981 - All of the following are ways to help a grieving friend except - What is the beta of the following portfolio - Tamika huston american idol - Global knowledge management at danone a - Legal and ethical responsibilities of a medical assistant - I need 1000 words in my personal statement - The basic model of pure competition reviewed in this chapter - What is an authority to sell - Characteristics of mass production - Racv emergency home assist contact number - What is a technical problem - Modern family show essay - Dictionary data structure in java - Gym management system project source code in php - Is loge the same as ln - Fundamentals of Nursing - It is about strategic management - Cosh x in terms of e - 30000 psi to gpa - Deriving test cases in white box testing - Asterix the gaul characters - PSY 216 Final Project - Memo - How to calculate productivity in nursing - Www royalmailemployeeshares co uk - Java assignment help - Massage envy soap notes - What is a directive leader - Assignment 2 the gig economy - Safety awareness for forklift equipment operator exam answers - Observation - Apply a ½ point black, text 1 outline to the chart area - Harvard referencing unisa pdf - Elena ¡hola, daniel! ¿qué tal? - Effect of sunlight on plant growth - Ffx al bhed primers - Projectile motion lab answer key - Which of the following calculations multiplies 23 by 0.01 - Discussion - At december 31 folgeys coffee company reports - Circumference of a 6 inch circle - Article 37c of ucp 600 - Safe harbor nursing texas - Eric foner give me liberty volume 2 citation - Corporate IT Security Audit Compliance - Coming to an awareness of language malcolm x summary - Red Tides - Terminal digit filing order - Centurion d5 manual fault finding - X17 bus timetable elrick to aberdeen - A birthday present sylvia plath sparknotes - Censorship in fahrenheit 451