PLEASE help with Finance Homework

Posted on 2014-01-16 17:25:00 in Finance by ANGELA

I'm not looking for someone to just give me the answers. It would be really cool if someone could help me work out these last few problems! It's so confusing to me

1) The December 31, 2009, balance sheet of Schism, Inc., showed $145,000 in the common stock account and $2.70 million in the additional paid-in surplus account. The December 31, 2010, balance sheet showed $155,000 and $3.00 million in the same two accounts, respectively. The company paid out $150,000 in cash dividends during 2010.

What was the cash flow to stockholders for the year?

2) You are given the following information for Sookies Cookies Co.: sales = $52,600; costs = $38,200; addition to retained earnings = $2,460; dividends paid = $1,005; interest expense = $1,420; tax rate = 40 percent.
Calculate the depreciation expense.

3) Sheffield Co. shows the following information on its 2010 income statement: sales = $154,500; costs = $81,600; other expenses = $4,900; depreciation expense = $10,600; interest expense = $8,100; taxes = $17,255; dividends = $7,350. In addition, you're told that the firm issued $2,900 in new equity during 2010, and redeemed $4,500 in outstanding long-term debt.
a. What is the operating cash flow during 2010?
b. What is the cash flow to creditors during 2010?

---

Answer Comment

No Answers Posted Yet.