Presented below are the financial statements of rajesh

Presented below are the financial statements of Rajesh Company.

Rajesh Company
Comparative Balance Sheets
December 31

Assets

 

2014

 

2013

Cash  

$37,000

   

$20,000

 
Accounts receivable  

33,000

   

14,000

 
Inventory  

30,000

   

20,000

 
Equipment  

60,000

   

78,000

 
Accumulated depreciation—equipment  

(29,000

)

 

(24,000

)

   Total  

$131,000

   

$108,000

 
             

Liabilities and Stockholders’ Equity

           
Accounts payable  

$29,000

   

$ 15,000

 
Income taxes payable  

7,000

   

8,000

 
Bonds payable  

27,000

   

33,000

 
Common stock  

18,000

   

14,000

 
Retained earnings  

50,000

   

38,000

 
   Total  

$131,000

   

$108,000

 

 

Rajesh Company
Income Statement
For the Year Ended December 31, 2014

Sales revenue  

$242,000

Cost of goods sold  

175,000

Gross profit  

67,000

Operating expenses  

24,000

Income from operations  

43,000

Interest expense  

3,000

Income before income taxes  

40,000

Income tax expense  

8,000

Net income  

$32,000

Additional data:

1.   Depreciation expense is 13,300.
2.   Dividends declared and paid were $20,000.
3.   During the year equipment was sold for $9,700 cash. This equipment cost $18,000 originally and had accumulated depreciation of $8,300 at the time of sale.

(a) 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).)

(b) Compute free cash flow.

Free cash flow  
$[removed]
Punctual Essays
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.