Manaia Manufacturing had the following operating results for 2022: sales = $30,624; cost of goods...
50.1K
Verified Solution
Question
Finance
Manaia Manufacturing had the following operating results for 2022: sales = $30,624; cost of goods sold = $21,902; depreciation expense = $3,575; interest expense = $589; dividends paid = $885. At the beginning of the year, net fixed assets were $20,307, current assets were $2,237, and current liabilities were $4,775. At the end of the year, net fixed assets were $23,212, current assets were $4,546, and current liabilities were $3,221. The tax rate for 2022 was 25 percent. a. What is net income for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. What is the operating cash flow for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. What is the cash flow from assets for 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d. If no new debt was issued during the year, what is the cash flow to creditors for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. e. Assume no new debt was issued during the year. What is the cash flow to stockholders for 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. Net income b. Operating cash flow c. Cash flow from assets d. Cash flow to creditors e. Cash flow to stockholders
Manaia Manufacturing had the following operating results for 2022 : sales =$30,624; cost of goods sold =$21,902; depreciation expense =$3,575; interest expense =$589; dividends paid =$885. At the beginning of the year, net fixed assets were $20,307, current assets were $2,237, and current liabilities were $4,775. At the end of the year, net fixed assets were $23,212, current assets were $4,546, and current liabilities were $3,221. The tax rate for 2022 was 25 percent. a. What is net income for 2022 ? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. What is the operating cash flow for 2022 ? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. What is the cash flow from assets for 2022 ? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d. If no new debt was issued during the year, what is the cash flow to creditors for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. e. Assume no new debt was issued during the year. What is the cash flow to stockholders for 2022 ? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32
Manaia Manufacturing had the following operating results for 2022: sales = $30,624; cost of goods sold = $21,902; depreciation expense = $3,575; interest expense = $589; dividends paid = $885. At the beginning of the year, net fixed assets were $20,307, current assets were $2,237, and current liabilities were $4,775. At the end of the year, net fixed assets were $23,212, current assets were $4,546, and current liabilities were $3,221. The tax rate for 2022 was 25 percent. a. What is net income for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. What is the operating cash flow for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. What is the cash flow from assets for 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d. If no new debt was issued during the year, what is the cash flow to creditors for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. e. Assume no new debt was issued during the year. What is the cash flow to stockholders for 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. Net income b. Operating cash flow c. Cash flow from assets d. Cash flow to creditors e. Cash flow to stockholders

Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.