Answer: b. Positive reinforcement and punishment
Explanation:
Positive reinforcement is a way of encouraging certain behavior by adding something pleasant when the subject does something that it desirable or a stimulus. James giving the employees some incentives (something pleasant) when they meet required targets (something desirable) is therefore positive reinforcement.
Punishment on the other hand, refers to taking away something pleasant in response to the subject doing something that isn't very desirable. In this scenario, James would take away the incentives (pleasant) in response to the employees behaving unprofessionally (isn't very desirable).
Cliff's Candy produces and sells boxes of chocolates. When Cliff produces and sells his profit-maximizing quantity of 1,000 boxes, the average total cost is $3.00. If Cliff were to produce 1,100 boxes, the average total cost would be $2.50. Which of the following inefficiencies of monopolistically competitive markets is described in this scenario?
a. Product-variety externality
b. Business-stealing externality
c. Markup over marginal cost
d. Excess capacity
Answer:
D
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
The product-variety externality: When new firms enter into an industry, competition drives price down. This increases consumer surplus. As a result, entry of firms into an industry results in a positive externality on consumers.
The business-stealing externality: When a new firm enters into an industry, existing firms lose customers and profits fall. As a result, entry of a new firm results in a negative externality on existing firms.
Markup over marginal cost is the extent of which price exceeds marginal cost
Excess capacity is when a firm is producing at a capacity that is less than what it is designed for. Excess capacity is evidenced when upon increasing output, average cost falls.
Swifty Company purchased a computer for $8,240 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $1,030 salvage value. On January 1, 2021, the estimates are revised. Swifty now feels the computer will be used until December 31, 2022, when it can be sold for $515. Compute the 2021 depreciation. (Round answer to 0 decimal places, e.g. 45,892.) Depreciation expense, 2021 $enter depreciation expense for 2018 in dollars rounded to 0 decimal places
Answer:
Depreciation expense in 2021 =$2420.50
Depreciation expense in 2019 = $1442
Explanation:
The following steps would be taken to determine the answer
1. Calculate depreciation expense given the initial information
2. calculate the accumulated depreciation by the second year. Accumulated depreciation is sum of depreciation expense
3. subtract the accumulated depreciation from the cost price of the asset. This would give the book value
4. calculate the depreciation expense using the new information and the book value
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($8,240 - $1030) / 5 = $1442
Accumulated depreciation by January 2021 = $1442 x 2 = $2884
Book value = $8,240 - $2884 = $5356
New useful life = 2 years
Salvage value = $515
Depreciation expense in 2021 = ($5356 - $515) / 2 = $2420.50
Santana Company exchanged equipment used in its manufacturing operations plus $2,000 in cash for similar equipment used in the operations of Delaware Company. The following information pertains to the exchange.
Santana Co. | Delaware Co.
Equipment (cost) $28,000 | $18,000
Accumulated depreciation 9,000 | 10,000
Fair value of equipment 14,000 | 16,000
Cash given up 2,000
Please indicate whether an account is an asset (A), liability (L), or equity (E) for journal entries, adjusting entries, and closing entries.
Prepare the journal entries to record the exchange on the book of Santana Co. and Delaware Co. Assume that the exchange lacks commercial substance.
Solution :
We know that the exchange takes place when the FMV receive is equal to the FMV given up.
Where the FMV = fair market value
The commercial substance means the future cash flows exchange.
The non monetary exchange refers to the cash which is less than 25% of the fair value exchange.
The journal entries for the Santana Corp. when the exchange lack the commercial substance are reported as :
Transaction Debit ($) Credit ($)
Asset(new) 11,000
Accumulated depreciation(old) 9,000
Asset (old) 28,000
Cash 2000
The journal entries for Delaware Corp. when the exchange lacks the commercial substance.
Transaction Debit ($) Credit ($)
Asset(new) 16,000
Accumulated depreciation (old) 10,000
Loss 2500
Assets (old) 28,000
Each of two stocks, A and B, are expected to pay a dividend of $5 in the upcoming year. The expected growth rate of dividends is 10% for both stocks. You require a rate of return of 11% on stock A and a return of 20% on stock B. The intrinsic value of stock A
A. will be greater than the intrinsic value of stock B.
B. will be the same as the intrinsic value of stock B.
C. will be less than the intrinsic value of stock B.
D. cannot be calculated without knowing the market rate of return.
Answer:
a
Explanation:
Intrinsic value can be determined using the constant dividend growth model
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
Stock A = $5/ (0.11 - 0.1) = $500
Stock B = $5/ (0.2 - 0.1) = 50
Intrinsic value of A is greater than that of B
The following transactions occurred at several different businesses and are not related. Post the following transactions into the appropriate T-accounts
a. Serena Hamilton, an owner, made an additional investment of $42,000 in cash.
b. A firm purchased equipment for $20,000 in cash.
c. A firm sold some surplus office furniture for $3,400 in cash.
d. A firm purchased a computer for $3,700, to be paid in 60 days.
e. A firm purchased office equipment for $22,400 on credit.
f. The amount is due in 60 days. James Taylor, owner of Taylor Travel Agency, withdrew $12,000 of his original cash investment.
g. A firm bought a delivery truck for $38,500 on credit; payment is due in 90 days.
h. A firm issued a check for $7,200 to a supplier in partial payment of an open account balance
Answer:
T-accounts:
a. Cash Account
Account Titles Debit Credit
Common Stock $42,000
Common Stock
Account Titles Debit Credit
Cash $42,000
b. Equipment
Account Titles Debit Credit
Cash $20,000
Cash
Account Titles Debit Credit
Equipment $20,000
c. Cash
Account Titles Debit Credit
Office Furniture $3,400
Office Furniture
Account Titles Debit Credit
Cash $3,400
d. Computer
Account Titles Debit Credit
Accounts payable $3,700
Accounts payable
Account Titles Debit Credit
Computer $3,400
e. Office Equipment
Account Titles Debit Credit
Accounts payable $22,400
Accounts payable
Account Titles Debit Credit
Office Equipment $22,400
f. James Taylor, Capital
Account Titles Debit Credit
Cash $12,000
Cash
Account Titles Debit Credit
James Taylor,
Capital $12,000
g. Delivery Truck
Account Titles Debit Credit
Accounts payable $38,500
Accounts payable
Account Titles Debit Credit
Delivery Truck $38,500
h. Accounts payable
Account Titles Debit Credit
Cash $7,200
Cash
Account Titles Debit Credit
Accounts payable $7,200
Explanation:
a) Data and Analysis:
a. Cash $42,000 Common Stock $42,000
b. Equipment $20,000 Cash $20,000
c. Cash $3,400 Office Furniture $3,400
d. Computer $3,700 Accounts payable $3,400
e. Office Equipment $22,400 Accounts payable $22,400
f. James Taylor, Capital $12,000 Cash $12,000
g. Delivery Truck $38,500 Accounts payable $38,500
h. Accounts payable $7,200 Cash $7,200
Park Place Company reported cost of goods sold of $140,000 for the year 2020. Park Place also reported the following amounts on its balance sheets. Jan. 1, 2020Dec. 31, 2020 Inventory$25,000$27,500 Accounts payable15,00014,500 What amount would be reported as cash paid to suppliers in the operating activities section of the statement of cash flows using the direct method
Answer:
the cash paid to supplier is $143,000
Explanation:
The computation of the cash paid to the supplier is given below;
Purchases = Ending inventory + cost of goods sold - beginning inventory
= $27,500 + $140,000 - $25,000
= $142,500
Now the Cash paid to supplier is
= Beginning account payable + purchases - ending account payable
= $15,000 + $142,500 - $14,500
= $143,000
hence the cash paid to supplier is $143,000
The following information should be used to according to the provisions of GAAP (Statement of Cash Flows) and using the following data. Net income $50,000 Provision for bad debts $2,000 Decrease in inventory $1,000 Decrease in accounts payable $2,000 Purchase of new equipment $35,000 Sale of equipment for $10,000 loss $20,000 Depreciation expense $6,000 Repurchase of common stock $13,000 Payment of dividend $4,000 Interest payment $3,000 What is net cash flow from operations
Answer:
Explanation:
The net cash flow from operations, according to the provisions of GAAP on Statement of Cash Flows, is $77,000.
What is the net cash flow from operations?The net cash flow from operations shows the ability of a firm to generate cash from its core business activities.
The net cash flow from operations is computed as the net income from the income statement and adjustments to modify net income from an accrual accounting basis to a cash accounting basis.
Data and Calculations:Net income $50,000
Non-Cash Expenses:
Loss from sale of equipment $20,000
Provision for bad debts $2,000
Depreciation expense $6,000
Changes in working capital:
Decrease in inventory $1,000
Decrease in accounts payable ($2,000)
Cash from operations $77,000
Thus, the net cash flow from operations, according to the provisions of GAAP on Statement of Cash Flows, is $77,000.
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On January 1, Year 1, Parker Company purchased an asset costing $20,000. The asset had an expected five-year life and a $2,000 salvage value. The company uses the straight-line method. What are the amounts of depreciation expense and accumulated depreciation, respectively, that will be reported in the Year 2 financial statements
Answer:
3600
7200
Explanation:
Sheffield Corp. had accounts receivable of $250,000 on January 1, 2019. The only transactions that affected accounts receivable during 2019 were net credit sales of $5,225,000, cash collections of $5,155,000, and accounts written off of $20,000.
Answer:
300000is the answer make me branlist
Two countries trade with each other regularly. Country A has a strong economy and buys large quantities of natural resources from country Beach
year. Country B has a weaker economy, and $1 in country A's currency is
worth about $50 in country B's currency.
Which result would be most likely if the exchange rate suddenly became $1 in
country A's money for $75 in country B's money?
A. Country A would be forced to adopt a flexible exchange rate.
B. Country B would receive more value for its exported materials.
C. Country B would be forced to adopt a fixed exchange rate.
D. Country A would receive more value for its imported materials
Answer: B
Explanation: a p e x
The result would be most likely if the exchange rate suddenly became $1 in country A's money for $75 in country B's money, are Country B would receive more value for its exported materials. Thus, the option (b) is correct.
What is trade?
Trade is a term used to describe economic activities. Trade is the term used to describe the purchasing and selling of goods and services. Trade can take many various forms, including both domestic and international trade. Trading in financial terms refers to the buying and selling of securities or other assets.
Comparing the economies of the two nations, Country A has a stronger economy than Country B. Natural resources form the basis of both countries' trade systems. The countries' respective exchange rates are $1 in country A's currency and $75 in country B's currency. The material exported to country B would be more well received.
Therefore, option (b) is correct.
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Firm A is very aggressive in its use of debt to leverage up its earnings for common stockholders, whereas Firm NA is not aggressive and uses no debt. The two firms' operations are identical--they have the same total investor-supplied capital, sales, operating costs, and EBIT. Thus, they differ only in their use of financial leverage (wd). Based on the following data, how much higher or lower is A's ROE than that of NA, i.e., what is ROEA - ROENA?
Applicable to Both Firms Firm A's Data Firm NA's Data
Capital $180,000 ___________ 50% ___________ 0%
EBIT $40,000 Int. rate 12% Int. rate 0%
Tax rate 35%
A) 10.25%.
B) 12.01%.
C) 10.35%.
D) 12.12%.
E) 12.84%.
Answer:
Kindly check the because my below submission is water tight
Explanation:
First and foremost, we need to determine the net income for both companies bearing in mind that the for firm A interest expense is 12% of debt capital whereas debt capital is 50% of total capital of $180,000 since the debt ratio(debt/total capital) of firm of Firm A is 50% and 0% for Firm NA
EBIT=$40,000
tax rate=35%
Firm A:
Debt capital=50%*$180,000=$90,000
Equity=50%*$180,000=$90,000
interest expense=$90,000*12%
interest expense=$10,800
Earnings before tax=$40,000-$10,800=$29,200
net income=earnings before-tax*(1-tax rate)
net income=$29,200*(1-35%)
net income=$18,980
return on equity=net income/equity
return on equity=$18,980/$90,000
return on equity=21.09%
Firm NA:
Equity=$180,000
debt=0%
EBIT=$40,000
no debt, no interest expense
net income=$40,000*(1-35%)
net income=$26,000
return on equity=$26,000/$180,000
return on equity=14.44%
ROEA - ROENA=21.09%-14.44%=6.65%
Accents Associates sells only one product, with a current selling price of $130 per unit. Variable costs are 60% of this selling price, and fixed costs are $40,000 per month. Management has decided to reduce the selling price to $125 per unit in an effort to increase sales. Assume that the cost of the product and fixed operating expenses are not changed by this reduction in selling price. At the current selling price of $130 per unit, what dollar volume of sales per month is required for Accents to earn a monthly operating income of $20,000
Answer:
Break-even point (dollars)= $150,000
Explanation:
Giving the following information:
Selling price= $130
Unitary variable cost= 130*0.6= $78
Fixed costs= $40,000
Desired profit= $20,000
To calculate the sales in dollars to reach the desired profit, we need to use the following formula:
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (20,000 + 40,000) / [(130 - 78) / 130]
Break-even point (dollars)= 60,000 / 0.4
Break-even point (dollars)= $150,000
Your friend Harold is trying to decide whether to buy or lease his next vehicle. He has gathered information about each option but is not sure how to compare the alternatives. Purchasing a new vehicle will cost $28,500, and Harold expects to spend about $700 per year in maintenance costs. He would keep the vehicle for five years and estimates that the salvage value will be $11,300. Alternatively, Harold could lease the same vehicle for five years at a cost of $3,705 per year, including maintenance. Assume a discount rate of 10 percent.
Requirement:
1. Calculate the net present value of Harold’s options. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round your final answers to 2 decimal places.
2. Advise Harold about which option he should choose.
Lease Option
Purchase Option
Answer:
$-24,137.14
$-14,044.86
He should choose the lease option
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Purchase option
Cash flow in year 0 = $-28,500
Cash flow in year 1 - 4 = -700
Cash flow in year 2 = 11,300 - 700 = 10,600
I = 10%
NPV= -24,137.14
Lease option
Cash flow in year 1 - 5 = 3705
I = 10%
NPV= -14,044.86
the lease option is less expensive and should be chosen
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Nash Company purchased a computer for $8,160 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $1,020 salvage value. On January 1, 2021, the estimates are revised. Nash now feels the computer will be used until December 31, 2022, when it can be sold for $510. Compute the 2021 depreciation. (Round answer to 0 decimal places, e.g. 45,892.) Depreciation expense, 2021 $
Answer:
$2,397
Explanation:
Straight line method charges a fixed amount of depreciation
Depreciation Charge = (Cost - Residual Value) ÷ Estimated useful life
therefore,
Annual depreciation charge
2019
Depreciation Charge = $1,428
2020
Depreciation Charge = $1,428
2021
Depreciation Charge = ($8,160 - $1,428 - $1,428 - $510) ÷ 2
= $2,397
therefore,
Depreciation expense, 2021 is $2,397
Question 1(Multiple Choice Worth 10 points)
(04.04 LC)
Which is a possible effect of identity theft?
Increased mental stress
O Increased purchasing power
Decreased loan balances
Decreased debt to credit load
Answer:
Option A, Increased mental stress
Explanation:
Increased mental stress is one of the possible effect of identity theft.
It can cause following negative impacts on the mental and physical health of an individual
a) It causes sleep disturbance
b) Physical symptoms such as aches and pains, heart palpitations, sweating and stomach issues arises
c) Post stress disorder
d) Anxiety
Hence, option A is correct
Answer:
Option A, Increased mental stress
Explanation:
took the test
The dividend irrelevance theory, proposed by Miller and Modigliani, says that provided a firm pays at least some dividends, how much it pays does not affect either its cost of capital or its stock price.
a) true
b) false
Answer:
b) false
Explanation:
In the case of theory that developed by MM in this the investor have no need for concering with respect to the dividend policy of the company as in this the sell option is there with regard to the equity portfolio when they need the cash
So according to the given situation, the given statement is false
hence the option b is correct
Most agency matters are resolved through adjudication.
False
True
Most agency matters are resolved through adjudication.
True.
Answer:
true is the required answer for your question
hope it helps you
Wilson sells software during the recruiting seasons. During the current year, 10,000 software packages were sold resulting in $470,000 of sales revenue, $130,000 of variable costs, and $48,000 of fixed costs. If sales increase by $80,000, operating income will increase by ________. (Round interim calculations to two decimal places and the final answer to the nearest whole dollar.) Group of answer choices $48,000 $57,872 $32,000
Answer:
$57,872
Explanation:
Calculation to determine what the operating income will increase by
Price = $470,000 / 10,000
Price= $47.00
Sales in software packages = $80,000 / $47.00 Sales in software packages= 1,702.13 software packages
Operating income increase = 1,702.13 × $34.00 per
Operating income increase = $57,872
Therefore the operating income will increase by
$57,872
Buffalo BBQ Restaurant is trying to become more efficient in training its chefs. It is experimenting with two training programs aimed at this objective. Both programs have basic and advanced training modules. The restaurant has provided the following data regarding the two programs after two weeks of implementation:
Training Program A Training Program B
New chef # 1 2 3 4 5 6 7 8 9 10
Hours of basic training 22 24 28 21 23 25 24 29 31 28
Hours of advanced training 8 7 8 10 11 4 3 0 1 2
Number of chef mistakes 12 13 15 14 14 7 6 8 5 6
a. Compute the following performance metrics for each program:
(1) Average hours of employee training per chef, rounded to one decimal place.
(2) Average number of mistakes per chef, rounded to one decimal place.
b. Which program should the restaurant implement moving forward?
Answer: See explanation
Explanation:
(1) Average hours of employee training per chef.
Program A:
Hours of basic training = 22 + 24 + 28 + 21 + 23 = 118
Hours of advanced training = 8 + 7 + 8 + 10 + 11 = 44
Total hours of training = 118 + 44 = 162
Number of chefs in A = 5
Average hours of employee training per chef in A = 162/5 = 32.4
Average hours of employee training per chef for Program B
Hours of basic training = 25 + 24 + 29 + 31 + 28 = 137
Hours of advanced training = 4 + 3 + 0 + 1 + 2 = 10
Total hours of training = 137 + 10 = 147
Number of chefs in B = 5
Average hours of employee training per chef in B = 147/5 = 29.4
(2) Average number of mistakes per chef for Program A:
Number of chefs mistake = 12 + 13 + 15 + 14 + 14 = 68
Number of chefs = 5
Average number of mistakes per chef for Program A: = 68/5 = 13.6
Average number of mistakes per chef for Program B
Number of chefs mistake = 7 + 6 + 8 + 5 + 6 = 32
Number of chefs = 5
Average number of mistakes per chef for Program B: = 32/5 = 6.4
b. Which program should the restaurant implement moving forward?
The restaurant should Implement program B because less training is required and less mistakes are made.
In August 2005, Hurricane Katrina damaged or destroyed oil platforms in the Gulf of Mexico, refineries along the Gulf coast, and the pipeline infrastructure that transports oil and gas to customers across the eastern United States. The winter of 2006 was unusually cold in many parts of the country. How did these events affect the market (equilibrium) price and quantity for natural gas
Answer:
Increased equilibrium market price Decreased equilibrium quantityExplanation:
As a result of the hurricane, oil platforms and refineries were destroyed. This reduced the amount of natural gas being processed by these facilities. With less natural gas being processed, less gas was being supplied to the country which means that the quantity supplied reduced.
This would shift the supply curve to the left and it would then intersect with the demand curve at a higher equilibrium price. This higher price reflects the relative scarcity of natural gas.
5. Joseph transfers $1000 from his money market fund to his checking account. This
transaction will:
a) decrease M2 and increase M1.
b) increase M1, but leave M2 unchanged.
c) decrease M1 and increase M2.
d) decrease both M1 and M2.
Answer:
A. decrease M2 and increase M1
Jason, Ellen and Frank are business partners. Each of them handles a separate area of the partnership's business. They periodically have partners' meeting where they report to each other on the financial status of their areas and discuss potential new business. Jason's area of business has recently become extremely profitable, and Ellen and Frank are so happy with the new financials that they have not closely questioned Jason about the details especially since the partners continue to receive an equal share of the business profits each of them brings in. Ellen and Frank are shocked when the FBI comes to the office one Friday afternoon and arrest Jason. The FBI also informs Ellen and Frank that the office equipment is being seized and the partnership bank accounts have been frozen. Which of the following is a correct statement of the law?
a. Both Ellen and Frank can face criminal prosecution because the business was operated as a partnership.
b. Ellen and Frank will not be liable for Frank's conduct because Frank independently operated his area of the business.
c. Ellen and Frank should immediately file a Notice of Dissociation so that they will not be liable for Jason's conduct.
d. By not closely questioning Jason about his area of the business, Ellen and Frank will be seen to have ratified Jason's partnership operations.
Answer:
d. By not closely questioning Jason about his area of the business, Ellen and Frank will be seen to have ratified Jason's partnership operations.
Explanation:
Because Ellen and frank are partners with Jason, they would also both be liable for Franks conduct because the three of them are business partners and have shared profits equally in Jasons area of the business without paying attention to details about the source of the profit. This would make it seem like they were in agreement and accomplices with Jason.
A portfolio is worth $902,654 and has a duration of 5.77 years. The futures price for a June Treasury note futures contract is 115 and each contract is for the delivery of bonds with a face value of 100,000. On the delivery date the duration of the cheapest to deliver bond is 4.36 years. To hedge the interest rate risk, how many June T note futures do you have to enter short positions on
Answer:
10.39
Explanation:
How many June T note futures do you have to enter short positions on?
The June T note futures we have to enter short positions on is calculated as:
= Portfolio duration*Portfolio value/(Futures price*Face value/100)*1/Duration of cheapest to deliver bond
= 5.77*$902,654 / (115*1000) * 1/4.36
= 5208313.58/115000*0.2293577981651376
= 10.38754204228161
= 10.39
Janice is the sole owner of Catbird Company. In the current year, Catbird had operating income of $100,000, a long-term capital gain of $15,000, and a charitable contribution of $5,000. Janice withdrew $70,000 of profit from Catbird. How should Janice report this information on her individual tax return if Catbird Company is: An LLC? An S corporation? A C corporation?
Answer:
A. LLC
Operating income $100,000
Long-term Capital Gain $15,000
Charitable contribution $5,000
No Effect $70,000
b. S corporation
Operating income $100,000
Long-term Capital Gain $15,000
Charitable contribution $5,000
No Effect $70,000
C. C corporation
Taxable income $110,000
Dividend income $70,000
Explanation:
a. An LLC
Based on the information given She will report the OPERATING INCOME of the amount of $100,000 Schedule C.
LONG-TERM CAPITAL GAIN Schedule D of the amount of $15,000.
Thirdly in a situation where she itemizes, the amount of $5,000 which represent charitable contribution (Schedule A) will be on her tax return
Lastly the amount of $70,000 which represent the amount withdrew from profit would have no effect on her individual tax return.
b. S corporation
Based on the information given she will report the OPERATING INCOME of the amount of $100,000 Schedule E.
LONG-TERM CAPITAL GAIN Schedule D of the amount of $15,000.
Thirdly in a situation where she itemizes, the amount of $5,000 which represent CHARITABLE CONTRIBUTION (Schedule A) will be on her tax return
Lastly the amount of $70,000 which represent the amount withdrew from profit would have no effect on her individual tax return.
c. C corporation
Based on the information given the TAXABLE INCOME of the amount of $110,000 calculated as ($100,000+$15,000-$5,000) will be reported by Catbird Company on FORM 1120 while Janice on the other hand will have to report DIVIDEND INCOME Schedule B of the amount of $70,000 on her tax return.
The following information is available for Windsor, Inc. for the year ended December 31, 2020.
Beginning cash balance $45,720
Accounts payable decrease 3,759
Depreciation expense 164,592
Accounts receivable increase 8,331
Inventory increase 11,176
Net income 288,646
Cash received for sale of land at book value 35,560
Cash dividends paid 12,192
Income taxes payable increase 4,775
Cash used to purchase building 293,624
Cash used to purchase treasury stock 26,416
Cash received from issuing bonds 203,200
Required:
Prepare a statement of cash flows using the indirect method.
Answer:
See below
Explanation:
Operating activities:
Net income
$288,646
Depreciation
$164,592
Adjusted
$453,238
Change in working capital:
Accounts payable decrease
$3,759
Tax payable
$4,775
Accounts receivable increase
($8,331)
Inventory increase
($11,176)
Total change
($10,973)
* Cash generated from operating activities $442,265
Investing activities;
Proceed from sale of land
$35,560
Purchase of building
($293,624)
Cash used from investing activities
$258,064
Financing activities
Issuance of shares
$203,200
Treasury shares purchase
$26,416
Dividends paid
($12,192)
Cash generated from financing activities
$164,592
Cash generated for the year
$348,793
Beginning cash
$45,720
Ending cash
$394,513
A retail operation sells computers. Each computer retails for $499. The monthly holding cost for each computer is $4. Placing an order costs $1000, regardless of the quantity of computers ordered. The monthly demand for computers at this operation is 320. Using the basic EOQ model, the economic order quantity is
Answer:
400
Explanation:
Calculation to determine the economic order quantity is using the basic EOQ model,
Using this formula
EOQ=√(2[Demand][Order cost] / [Unit holding cost])
Where,
Demand=320
Order cost =$1,000
Unit holding cost =$4
Let plug in the formula
EOQ=√2*320*1,000/$4
EOQ=√640,000/$4
EOQ=√160,000
EOQ=400
Therefore the economic order quantity is using the basic EOQ model is 400
good research should ideally be...
Answer:
What constitutes a good research question?
A good research question requires original data, synthesis of multiple sources, interpretation and/or argument to provide an answer. The answer to the question should not just be a simple statement of fact: there needs to be space for you to discuss and interpret what you found.
Explanation:
What is the amount that a customer owes on a credit card at the end of the month called?
Answer:
last payment
Explanation:
i hope thats right
Answer:
Last payment :)
Explanation:
Explain the impact of taxation on the valuation of a country's currency
Answer:
The value of a currency depends on factors that affect the economy such as imports and exports, inflation, employment, interest rates, growth rate, trade deficit, performance of equity markets, foreign exchange reserves, macroeconomic policies, foreign investment inflows, banking capital, commodity prices
According to Value Line, Bestway has a beta of 1.15. If 3-month Treasury bills currently yield 7.9% and the market risk premium is estimated to be 8.3%, what is Bestway's cost of equity capital?
a. 16.2%
b. 9.55%
c. 8.36%
d. 17.45%
Answer:i think its b
Explanation: