Posted: January 29th, 2016
What was the operating cash flow for SMJ?
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| Title: |
HW1 |
| Started: |
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| Submitted: |
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| Time spent: |
00:12:56 |
| Total score: |
30/30 = 100%  Total score adjusted by 0.0 Maximum possible score: 30 |
1.
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| Use the following information for this and the next three questions.
SMJ Inc. had the following information on last year’s balance sheet.
| Sales |
$ 178,000
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| Costs |
82,500
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| Other expenses |
7,500
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| Depreciation expense |
14,700
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| Interest expense |
8,400
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| Taxes |
21,400
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| Dividends |
12,460
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| 2002 New equity |
$ 5,400
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| Net new long-term debt |
(2,400)
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| Increase in net fixed assets |
17,800
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What was the operating cash flow for SMJ? |
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Student Response |
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a.
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10,800 |
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b.
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17,860 |
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c.
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66,600 |
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d.
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7,060 |
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| Score: |
1/1 |
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