subject
Business, 19.09.2021 01:30 ValeriaVironche953

Kuipers, Inc. 1999 Income Statement ($ in millions) Net sales $1,384
Less: Cost of goods sold 605
Less: Depreciation 180
Earnings before interest and taxes 599
Less: Interest paid 80
Taxable income 519
Less: Taxes 156
Net income $363
Addition to retained earnings $254
Dividends paid 109
Kuipers, Inc.
12/31/98 and 12/31/99 Balance Sheet
($ in millions)
1998 1999
1998 1999
Cash $100 $121 Accounts payable $400 $350
Accounts rec. 350 425 Notes payable 390 370
Inventory 440 410 Total
$790 $720
Total $890 $956 Long-term debt 500 550
Net fixed assets 1,556 1,704 Common stock 600 580
Retained earnings 556 810
Total assets $2,446 $2,660 Total liabilities $2,446 $2,660
What is the firm's operating cash flow for 1999?
a) 359
b) 441
c) 543
d) 589
e) 623

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 08:00
Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct
Answers: 1
question
Business, 22.06.2019 21:00
Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?
Answers: 2
question
Business, 22.06.2019 23:00
Acollege registrar's office requires you to first visit with one of three advisors and then with one of two financial professionals. this system best described as which of the following? a. single server, single phase systemb. multiple server multiphase systemc. multiple server, cross phase systemd. single server, multiphase systeme. multiple server, single phase system
Answers: 2
question
Business, 22.06.2019 23:10
The direct labor budget of yuvwell corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st quarter 2nd quarter 3rd quarter 4th quarterbudgeted direct labor-hours 11,200 9,800 10,100 10,900the company uses direct labor-hours as its overhead allocation base. the variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. the only noncash item included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter.required: 1. prepare the company’s manufacturing overhead budget for the upcoming fiscal year.2. compute the company’s predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.
Answers: 3
You know the right answer?
Kuipers, Inc. 1999 Income Statement ($ in millions) Net sales $1,384
Less: Cost of goods sol...
Questions
Questions on the website: 13722361