Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

Problem: A.E. Neuman Corporation Statement of Cash Flows for Year Ended December 31, 2010

Given the financial information for the A.E. Neumann Corporation please provide answer the following problems.

A: Make a Statement of Cash Flows for year ended December 31, 2010.
B: What is dividend payout ratio for 2010?
C: If we raised the dividend payout ratio to 100%, what would occur to retained earnings at year end 2010?

Assets                                                 2009                                             2010

Cash                                                  45,000                                           50,000
Marketable Securities                           175,000                                         160,000
Accounts Receivable                            140,000                                         110,000
Inventories                                         230,000                                         350,000
Investments                                       170,000                                           55,000
Plant & Equipment                             1,500,000                                       1,750,000
Less Accum Deprec                            -450,000                                         -600,000
Net Plant & Equipment                          850,000                                          950,000
Total Assets                                    1,810,000                                        1,900,000


Liabilities & Stockholders’ Equity                       2009                                     2010

Accounts Payable                                        110,000                                  85,000
Notes Payable                                             150,000                                 140,000
Accrued Expense                                           80,000                                  35,000
Income Tax Payable                                       10,000                                  15,000
Bonds Payable                                             860,000                                955,000
Common Stock (100,000 shares $1 par)            100,000                               100,000
Capital Pain in Excess Par                               100,000                               100,000
Retained Earnings                                          400,000                               470,000
Total Liabilities & Stockholders’ Equity             1,810,000                            1,900,000

Sales                                                                                 7,000,000
Less Cost of Goods Sold                                                        4,200,000
Gross Profit                                                                         2,800,000
Less Selling & Administrative Expense                                         260,000
Operating Profit                                                                   2,540,000
Less depreciation Expense                                                       150,000
Earnings before Interest & Taxes                                            2,390,000
Less Interest Expense                                                             160,000
Earnings before Taxes                                                          2,230,000
Less Taxes (50%)                                                               1,150,000
Net Income                                                                       1,150,000
Dividends Paid                                                                    1,045,000

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M93802

Have any Question? 


Related Questions in Financial Accounting

Assignment ccr report amp power point presentationrefer to

Assignment: CCR REPORT & POWER POINT PRESENTATION Refer to www.agacgfm.org for information on the CCR. A CCR is a 4 page document summarizing information and creating a presentation for citizens and other stakeholders. A ...

Assignmentglorious garden lawn service1 prepare the entries

Assignment Glorious Garden Lawn Service 1. Prepare the entries using the list of transactions. Put them in the general journal. 2. Post the journal entries from the general journal to the general ledger. 3. Prepare a tri ...

Accounting - financial statement projectobjectivethe

Accounting - Financial Statement Project Objective: The project is meant to show your ability to analyze financial statements of selected companies in depth on a particular accounting method or standard. Submission: Hard ...

Read harvard business reviews in search of a second act

Read Harvard Business Review's "In Search of a Second Act" case study. You can search for it in Business Source Complete (EBSCO) or use the see "How to find an article" in the Course Information tab. Two authors gave the ...

1 in reviewing a claim under the equal pay act do the

1. In reviewing a claim under the Equal Pay Act, do the courts require that the jobs in question be identical? 2. Why do health professionals view marketing in a different way than their counterparts in other industries? ...

1 at what position levels of employees is ethics an

1. At what position levels of employees is ethics an important part of decision making in a company? 2. The Foreign Corrupt Practices Act outlaws what type of business practices and how? 3. Conduct a Porter’s 5 forces an ...

Assignmentusing the transactions listed below for audreys

Assignment Using the transactions listed below for Audrey's Ice Cream Parlor, prepare a statement of cash flows for the month of April 2012. Classify the transactions into appropriate categories (operating activities, in ...

Assignmentcity bank has several departments that occupy

Assignment City Bank has several departments that occupy both floors of a two-story building. The depart mental accounting system has a single account, Building Occupancy Cost, in its ledger. The types and amounts of occ ...

Accouting testjournalizing transaction using the direct

Accouting Test Journalizing transaction using the direct write- off method verses the allowance method During July 2015, Mayhew company recorded the following: 1: Sales of $86500 ($70000 on accoynt: $ 16500 for cash) 2: ...

The marketing concept holds that a customers who are coaxed

The marketing concept holds that ________. a. customers who are coaxed into buying a product will most likely buy it again b. a new product will not be successful unless it is priced, distributed, and sold properly c. co ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen