Answer the following questions using the simplified Statement of Comprehensive Income (Income Statement) and the...
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Answer the following questions using the simplified Statement of Comprehensive Income (Income Statement) and the simplified Statement of Financial Position (Balance Sheet) for Crown Manufacturing Inc (CMI). Statement of Comprehensive Income, Crown Manufacturing Inc, January 1, 2019 - December 31,2019 Statement of Financial Position, Crown Manufacturing Inc. As at December 31, 2019 A. Operating cash flow for CMI (above) in 2019 is equal to? $5,266$5,998$6,400$4,000$5,448 3. The change in Net Working Capital for CMI is equal to? $1,100$1,000$1,600$1,200$2,200 C. The cash flow from assets (CFFA) CMI in 2019 is equal to? $3,848$152$100 $48 $152 At the beginning of a year, a firm has a class 10 UCC (Undepreciated Capital Cost) for the amount of $70,000 which is carried from the previous year. During this year, the firm purchased another class 10 equipment worth $125,000. Class 10 equipment has a CCA (Capital Cost Allowance) rate of 30%. What is the maximum amount of CCA expense that the firm can claim as a tax deduction against income in the SECOND year of this recent purchase (assume the maximum was claimed in year one)? a. $46,575 b. $49,575 c. $47,625 d. $26,000 e. $29,400 Suppose all of Tulon Inc. sales are credit sales. The company has a current accounts receivable balance of $400,815. Credit sales for the year just ended were $4,238,720. How many days did it take on average for credit customers to pay off their accounts during this past year? a. 10.58 b. Cannot be determined based on given information. c. 34,04 d. 34.51 e. 21.15
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