Assignment 1 Financial Management I (ACC 2364)
I need help with question 2 should i paid th dividends and reduce my cash and increase my dividends payables ,3 and 4 see the attach file....please
Assignment 1 Financial Management I (ACC 2364) This assignment is worth 20 percent of the Final Grade. It consists of 4 questions that are each worth 5 percent each. These questions will involve doing calculations, and will require written explanations of the answer derived from these calculations. You must show your calculations and how you came up with your answers in order to receive marks . Question 1. A firm has the following financial statements and paid a $1,000 dividend during the year. Balance Sheets ASSETS Ending Beginning Income Statement Cash $ 2,000 $ 1,600 Sales $100,000 Accounts receivable 12,000 5,200 COGS 80,000 Inventory 14,000 15,600 Gross Margin $ 20,000 Current Assets $28,000 $22,400 Cash Expenses $ 8,000 Gross Capital assets $27,000 $20,000 Amortization 1,600 Accumulated amortization (16,000 ) (14,400 ) EBIT $ 10,400 Net capital assets 11,000 5,600 Interest 800 Total assets $39,000 $28,000 EBT $ 9,600 LIABILITIES Tax 2,600 Accounts payable $ 3,000 $ 2,500 Net Income $ 7,000 Accruals 1,000 1,500 Current Liabilities $ 4,000 $ 4,000 Long term Debt 10,000 5,000 Equity 25,000 19,000 Total liabilities & equity $39,000 $28,000 a. Calculate cash from operating activities showing the current account changes separately. b. Calculate cash from financing activities. c. Calculate cash from investing activities. d. Develop a statement of cash flows including a reconciliation with the cash account. Question 2 . Emperor Corporation’s financial statements for the last year are shown below. All figures are in thousands ($000). The firm paid a $1,000 dividend to its shareholders during the year. Two million common shares are outstanding. The shares are currently trading at a price of $50. There were no sales of new common shares. Lease payments totalling $400 are included in cost and expense. BALANCE SHEET ASSETS INCOME STATEMENT Cash $ 2,000 Sales $100,000 Accounts receivable 12,000 COGS 80,000 Inventory 14,000 Gross Margin $ 20,000 Current Assets $28,000 Cash Expenses $ 8,000 Gross Capital assets $27,000 Amortization 1,600 Accumulated amortization (16,000 ) EBIT $ 10,400 Net capital assets 11,000 Interest 800
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Posted 11 Dec 2017 07:12 AM
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