Acc 421 Week 5 Assignment Exercises 6 And 23

Chapter Exercises: 6 and 23Janea’ JacksonACC/421January 23, 2012Laurence LanderE6-530,000 x 4.9676 = 149,02830,000 x 8.3126 = 249,37830,000 x (5.6502 – 4.1114)30,000 x 1.5388 = 46,164E6-10 92,296 = 1,000,000(PVFn, 10%) 1,000,000 1,000,000 0.092296 = PVFn,10% 25 years Term182,696 = 1,000,000(PVT15,i)1,000,000 1,000,000 0.182696 = PVF15,i 12% interest rateE23-11Pat Metheny CompanyStatement of Cash FlowsFor the year ended December 31, 2008(Indirect Method)Cash flows from operating activities Net Income 810 Adjustments to reconcile net income Depreciation expense 30 Increase in accounts receivable(450) Decrease in inventories300 Increase in accounts payable300 Decrease in accrued liabilities(50) Gain on sale of investments(80)50 Net cash by operating activities 860 Cash flows from investing activities Sale of long-term investments200 Plant assets(130) Net cash used by investing activities 70 Cash flows from financing activities Capital Stock 130