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 |
a.
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10,800 |
b.
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17,860 |
c.
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66,600 |
d.
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7,060 |
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Score: |
1/1 |
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