chapter_12_homework_assignment.htmlDescription / Instructions: Week 9-chapter 12 Homework Assignment
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| Exercise 12-1 |
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Putnam Corporation had these transactions during 2014.
Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities.
| (a) | | Purchased a machine for $30,000, giving a long-term note in exchange. | |
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| (b) | | Issued $50,000 par value common stock for cash. | |
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| (c) | | Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. | |
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| (d) | | Declared and paid a cash dividend of $13,000. | |
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| (e) | | Sold a long-term investment with a cost of $15,000 for $15,000 cash. | |
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| (f) | | Collected $16,000 of accounts receivable. | |
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| (g) | | Paid $18,000 on accounts payable. | |
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| Exercise 12-6 |
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The following information is available for Ramos Corporation for the year ended December 31, 2014.
| Beginning cash balance | | $ 51,840 |
| Accounts payable decrease | | 4,262 |
| Depreciation expense | | 186,624 |
| Accounts receivable increase | | 9,446 |
| Inventory increase | | 12,672 |
| Net income | | 327,283 |
| Cash received for sale of land at book value | | 40,320 |
| Cash dividends paid | | 13,824 |
| Income taxes payable increase | | 5,414 |
| Cash used to purchase building | | 332,928 |
| Cash used to purchase treasury stock | | 29,952 |
| Cash received from issuing bonds | | 230,400 |
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
| RAMOS CORPORATION
Statement of Cash Flows—Indirect Method
For the Year Ended December 31, 2014
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| Adjustments to reconcile net income to
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| Exercise 12-9 |
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Suppose Presented below is 2014 information for PepsiCo, Inc. and The Coca-Cola Company.
| ($ in millions)
| | PepsiCo
| | Coca-Cola
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| Net cash provided by operating activities
| | $6,154 | | $8,527 |
| Average current liabilities | | 8,947 | | 13,286 |
| Average total liabilities | | 21,138 | | 21,930 |
| Net income | | 5,653 | | 7,403 |
| Sales revenue | | 42,834 | | 31,868 |
| Capital expenditures | | 2,201 | | 1,921 |
| Dividends paid | | 2,683 | | 3,677 |
Using the cash-based measures presented compute the liquidity and solvency of the two companies. (Round ratios to 2 decimal places, e.g. 2.56.)
| | | PepsiCo
| | Coca-Cola
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| Liquidity | |
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| Solvency | |
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| Free cash flow | | $
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| Exercise 12-14 |
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The following information is available for Taliaferro Corp. for 2014.
| Cash used to purchase treasury stock | | $ 106,061 |
| Cash dividends paid | | 48,069 |
| Cash paid for interest | | 49,392 |
| Net income | | 1,023,782 |
| Sales revenue | | 1,768,410 |
| Cash paid for taxes | | 218,295 |
| Cash received from customers | | 1,248,251 |
| Cash received from sale of building (at book value) | | 435,708 |
| Cash paid for operating expenses | | 169,785 |
| Beginning cash balance | | 24,255 |
| Cash paid for goods and services | | 615,416 |
| Cash received from issuing common stock | | 782,775 |
| Cash paid to redeem bonds at maturity | | 441,000 |
| Cash paid to purchase equipment | | 249,606 |
Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
| TALIAFERRO CORP.
Statement of Cash Flows—Direct Method
For the Year Ended December 31, 2014
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