Answer: $4,096,266.76
Explanation:
First find the value of the initial $100,000 ten years into the future.
Rate = 12% / 4 = 3% quarterly
Period = 10 * 4 = 40 quarterly periods
= 100,000 * (1 + 3%)⁴⁰
= $326,203.78
This will be added to the future value of the $50,000 annuity.
Future value of annuity = Annity * ( ( 1 + rate)^number of periods - 1) / rate
= 50,000 * ( ( 1 + 3%) ⁴⁰ - 1) / 3%
= $3,770,062.99
Add both future values:
= 3,770,062.99 + 326,203.78
= $4,096,266.76
Park Corporation is planning to issue bonds with a face value of $790,000 and a coupon rate of 7.5 percent. The bonds mature in 6 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.)Required: 1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)2. Prepare the journal entry to record the interest payment on June 30 of this year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)3. What bond payable amount will Park report on its June 30 balance sheet? (Enter all amounts with a positive sign.)
Answer:
Journal Entry to record issuance of bond:-
First of all, we need to calculate the issue price of the bonds.
Semi Annual Stated Coupon Interest = face Value 790,000 x Coupon Rate 7.5% * 1/2half yearly = $29,625
Semiannual period to maturity (n) = 6 years x 2 = 12
Semi Annual Market Interest Rate (R) = 8.5%*1/2 = 4.25%
Present Value of Bonds (Price of the bonds issued) = Semi-Annual Coupon Interest x PVIFA (R, n) + Face Value x PVIF (R, n)
= (29,625*9.25039) + (790,000*0.60686)
= 274,042.80 + 479,419.40
= $753,462
Calculation of Present Value Factor:-
PVIFA (R, n) = Present Value interest factor for ordinary annuity at R% for n periods = (1 – 1/(1+R)n) / R
PVIFA (4.25%, 12) = (1 – 1/(1+0.0425)12) / 0.0425 = 9.25039
PVIF (R, n) = Present Value interest factor for ‘n’ period at ‘R’% = 1/(1+R)n
PVIF (4.25%, 12) = 1/(1+0.0425)12= 0.60686
Explanation:
How are supply and demand influenced by the labor market? What role does the Labor union or Government play in this? Please connect with the case in your country.
Answer:
How do supply and demand influence pricing?
According to the supply and demand model, a good price is when the quantity desired equals the quantity supplied.
The economic model of supply and demand is used to determine market prices. In a competitive market, the quantity required by the customer (at the current price) will be equal to the amount supplied by the manufacturer (at the current price), resulting in price and quantity financial balance.
Explanation:
Role of government in the labour market
1. The government should place a strong emphasis on modernising manufacturing methods and risk-free labour procedures.
2. Formulation and implementation of labour legislation to increase work opportunities for UAE citizens and others.
3. Close the wage, productivity, work ethic, and work hours disparity between the private and public sectors.
4. Wage minimums and maximums are in effect.
5. The government should concentrate on improving the labour market in terms of skill development, English language acquisition in order to compete in the global marketplace, the ability to learn from a young age, job stability, and the assurance of future wage increases.
All of the government interference resulted in a rational labour market. Which are both, directly and indirectly, related to the UAE's economic development. This created healthy competition in the economy, resulting in an increase in the UAE government's GDP. This intervention in the labour market gives workers assurance about a brighter future for their families, which encourages them to work more directly for corporations and companies, and indirectly for the UAE.
Project Management Practice ProblemBragg’s Bakery is building a new automated bakery downtown Sandusky. Here are the activities that need to be completed to get the new bakery built and the equipment installed.
ACTIVITYPREDECESSORNORMAL TIME (WEEK)CRASH TIME (WEEK)EXPEDITING COST/WEEKA-963000BA853500CA15104000DB,C532000EC1062500FD,E215000
Hint: I have directly provided the crashing cost per unit time.
a. What is the normal project length?
b. What is the critical path in this project?
c. Which activity will you choose to crash first to reduce the duration of the project by one week?
d. What is the project length if all activities are crashed to their minimum?
e. What is the slack for activity D?
Answer:
a. The normal project length is 36 weeks.
b. The critical path in this project is A-C-E-F.
c. The activity that you choose to crash first to reduce the duration of the project by one week is E because it has the least expediting cost/week amongst A, C, E, F.
d. The project length if all activities are crashed to their minimum is 23 weeks.
e. The slack for activity D is 5 weeks.
Explanation:
a) The normal length of the project = completion time of last activity = 36 weeks.
b) The criteria for critical activity:
[tex]LC_{i} = ES_{i} ,\\LC_{j} = ES_{j} ,\\[/tex]
[tex]ES_j - ES_i = LF_j - LF_{i} =[/tex] duration of the activity
where ES = Earliest start time, EF = Earliest finish time , LC = latest completion time, LF = latest finish time ,
The suffix- i refers to the preceding node, suffix-j refers to the succeeding node.
activities satisfying above all criteria are A, C, E, F
therefore critical path is A-C-E-F.
c) To reduce the project duration by 1 week. we should choose to crash among critical activities A, C, E, F. thus we choose to crash activity E because it has the least expediting cost/week amongst A, C, E, F.
d) if we crash all the activities to their minimum, then the project length = sum of crash time of all critical activities
= [6 + 10 + 6 + 1]
= 23 weeks.
e) The slack of activity d = LS - ES = 34 - 29
= 5 weeks
The critical path is given in the diagram,
Steven Washington's weekly gross earnings for the week ending March 9 were $3,340, and her federal income tax withholding was $567.80. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Washington's net pay?
Answer:
Washington's net pay was $ 2,564.28.
Explanation:
Given that Steven Washington's weekly gross earnings for the week ending March 9 were $ 3,340, and her federal income tax withholding was $ 567.80, assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, to determine what is Washington's net pay the following calculation must be performed:
(3,340 - 567.80) x (1 - 0.06 - 0.015) = X
2,772.2 x 0.925 = X
2,564.28 = X
Therefore, Washington's net pay was $ 2,564.28.
A company reporting under US GAAP seeking to present a more favorable view of operating income in its quarterly earnings release could: Identify a gain on sale in a non-GAAP reconciliation. Identify a restructuring charge (expense) in a non-GAAP reconciliation. Identify a loss in the fair value of an equity investment. Elect to not recognize stock-based compensation on its GAAP income statement. All of the abo
Answer: All of the above
Explanation:
Based on the information given, we can infer that the company reporting under US GAAP that seeks to present a more favorable view of operating income in its quarterly earnings release will do all of the above options given.
The company can identify the gain on the sale in a non-GAAP reconciliation, or a restructuring charge in a non-GAAP reconciliation. There can also be identification of a loss in the fair value of an equity investment and can also elect to not recognize stock-based compensation on the GAAP income statement.
There are some instances whereby the operations of a business aren't portrayed properly by GAAP reporting. Then, companies can then display their own accounting figures, which will disclosed as non-GAAP.
A Mike’s Milk estimates gallon milk sales for the first quarter as 12,000 gallons in January, 15,000 in February and 10,000 in March. Mike sells milk for $3.00 per gallon. Complete the following schedule for the first quarter sales budget.
Forecasted gallons January February March
Price Per gallon
Sales Budget
Answer:
Results are below.
Explanation:
Giving the following information:
A Mike’s Milk estimates gallon milk sales for the first quarter as 12,000 gallons in January, 15,000 in February, and 10,000 in March.
January:
Forecasted gallons= 12,000
Price per gallon= 3
Sales Budget= $36,000
February:
Forecasted gallons= 15,000
Price per gallon= 3
Sales Budget= $45,000
March:
Forecasted gallons= 10,000
Price per gallon= 3
Sales Budget= $30,000
why is that 0.8 in fractional form is 8/10
Answer:
Decimal placement
Explanation:
It is 8/10 because, in the decimal 0.8 , the 8 is in the tenths place. If it was 0.08 the fraction would be 8/100 and so on and so forth.
A rental company is considering the purchase of new trailers to least to customers. Each trailer will cost $20,000 today. Each trailer will bring $10,000.00 in an annual lease for 5 years. The lease is paid at the end of each year. At the end of the 5 years the trailer will have no depreciated or salvage value. The interest to be paid for this investment is 9%. Use this information to complete this table. Would you advise the firm to make this investment at 9%? Why?
Fill out the Table:
Year Future Value Present Value Discount Factor
1
2
3
4
5
Answer and Explanation:
The computation is shown below;
Year Future value present value Discount factors
1 $10,000.00 $9,170 0.917
2 $10,000.00 $8,410 0.841
3 $10,000.00 $7,720 0.772
4 $10,000.00 $7,080 0.708
5 $10,000.00 $6,490 0.649
Now
Net present value = -$20,000 + $10,000(PVIFA 9% 5 Years)
= -$20,000 + $10000 × (3.8897)
= -$20,000+ $38,897
= $18,897
So here the investment should be make as the net present value comes in positive
Corporate decision makers and analysts often use a particular technique, called a DuPont analysis, to better understand the factors that drive a companyâs financial performance, as reflected by its return on equity (ROE). By using the DuPont equation, which disaggregates the ROE into three components, analysts can see why a companyâs ROE may have changed for the better or worse, and identify particular company strengths and weaknesses. The DuPont Equation A DuPont analysis is conducted using the DuPont equation, which helps to identify and analyze three important factors that drive a companyâs ROE.
Required:
What factors directly affect a companyâs ROE?
Answer:
DuPont Equation
The three factors that directly affect a company's ROE (Return on Equity) are:
1. Profit margin
2. Total asset turnover
3. Equity multiplier
Explanation:
The profit margin measures the operating efficiency of the company with higher sales leading to higher profit margins.
The total asset turnover is a financial measure that divides turnover by the total assets. It shows the efficiency achieved in the use of assets to generate sales revenue.
The equity multiplier measures the financial leverage of the company. It shows how the use of debts increases the value of the company's equity.
Based on recent statistics, which of the following individuals would have the lowest probability of being unemployed?
a. a 45-year-old white male.
b. a 50-year-old white female.
c. a 32-year-old African American female.
d. a 19-year-old African American male.
e. a 17-year-old white female.
Answer:
a. a 45-year-old white male.
Explanation:
Middle aged white males have the lowest unemployment rate in the United States. Employment ratios for white and asian men are approximately the same, 72.8%, which is higher than any other demographic group. Besides the normal prejudices that exist in society, these two groups also have the highest average education level (i.e. more college years)
Do you think that MTV’s future lies mostly in its international operations? Explain your
differentiate between the short run and Long run?
Answer:
Short-run is a time limit during which at least one input can be fixed and other input quantities can be verified.
The long run is a time period in which all the inputs can be verified in quantities.
Explanation:
Both the fixed and variable costs occur in the short term.There are no fixed costs in the long term.The combination of the output of a company results in the desired amount of the goods at the lowest possible cost is sustained by efficient long-term costs.The output changes variable costs. For instance, the employee's salaries and raw material costs are variable costs.Based on variable costs and the production rate, the short-run costs are increasing or falling. If a company manages its short-term costs well over time, the desired long-term costs and goals will more likely be achieved.what is goal formulation?? explain the goal formulation process
Answer:
Goal formation is a process of how a goal is initiated or added to, while goal displacement is a process whereby goals are shifted out, changed, toned down or removed from the original set.
Xây dựng quá trình nghiệp vụ mua và giao nhận áp tải một lô hàng cụ thể theo dữ liệu sau
Đúng 8h ngày 30/5 nhân viên nghiệp vụ đến tổng kho KH A để mua hàng doanh nghiệp không có phương tiện vận chuyển và hàng mua phải thanh toán bằng tiền mặt. Trong hoá đơn có gì những mặt hàng sau đây
Xà phòng bột VISO 500kg đống thành 1000 gói mỗi gói 500g giá 4000đ/gói
Vải chéo hoa con công Trung Quốc khổ 80cm tổng số 2400m tổng thành 40 cuộn 1 cuộn 60m giá 5000đ/m
Bộ đồ mùa hè người lớn 100 bộ giá 20.000đ/ bộ
Đường kính trắng vạn điểm 02 tấn đóng trong 40 bao 1 bảo 50kg giá 6000đ/kg
Là nhân viên nghiệp vụ hãy mua và giao nhận lô hàng trên
Answer:
Quản lý chuỗi cung ứng là quá trình quản lý sự di chuyển của nguyên vật liệu thô và các bộ phận từ khi bắt đầu sản xuất cho đến khi giao hàng đến tay người tiêu dùng. Trong nhiều tổ chức, các quyết định về chuỗi cung ứng vận hành được đưa ra hàng trăm lần mỗi ngày ảnh hưởng đến cách sản phẩm được phát triển, sản xuất, di chuyển và bán. Mức độ phức tạp của chuỗi cung ứng thay đổi theo quy mô của doanh nghiệp cũng như mức độ phức tạp và số lượng của các mặt hàng được sản xuất, nhưng hầu hết các chuỗi cung ứng đều có các yếu tố chung, chẳng hạn như sau
Explanation:
Làm ơn đi
Tài liệu về NVL X tại 1 DN tính và nộp thuế GTGT theo phương pháp khấu trừ tháng 03/N
I. Tồn đầu kỳ: 8.000 m, đơn giá 15.000 đ/m
II. Trong tháng 3/N, NVL X biến động như sau:
1. Ngày 3/3: Xuất 6.000 m để sản xuất sản phẩm
2. Ngày 7/3: Thu mua nhập kho 5.000 m, giá mua ghi trên hoá đơn chưa thuế GTGT 10% phải trả Công ty K là 70.000.000đ. Chi phí vận chuyển, bốc dỡ chi bằng tiền mặt theo giá có cả thuế GTGT 10% là 770.000đ.
3. Ngày 10/3: Xuất 3.000m để góp vốn liên doanh dài hạn với Công ty Y.
4. Ngày 12/3: Dùng tiền vay ngắn hạn để mua 5.000 m nhập kho. Đơn giá mua chưa thuế GTGT là 14.600đ/m, thuế suất thuế GTGT 10%; chi phí vận chuyển phải trả cho Công ty M theo giá có thuế GTGT 5 % là 2.100.000đ.
5. Ngày 15/3: Xuất 6.000 m để sản xuất sản phẩm
6. Ngày 28/3: Mua của Công ty V 1.000m, đơn giá mua chưa thuế GTGT là 15.500đ/m, thuế suất thuế GTGT 10%. NVL đã nhập kho đủ. DN đã thanh toán bằng chuyển khoản.
Yêu cầu: Xác định giá thực tế NVL X nhập, xuất kho trong kỳ và tồn kho cuối kỳ theo các PP sau:
1. Phương pháp giá đơn vị bình quân cả kỳ dự trữ
2. Phương pháp giá đơn vị bình quân cuối kỳ trước
3. Phương pháp giá đơn vị bình quân sau mỗi lần nhập
4. Phương pháp Nhập trước, xuất trước (FIFO)
Answer::!;!,!’cldldkfnbbfndkdfkf
Explanation:
Fbxnbdndndnxnxfnnfncdk
20 points to the best one !!
Answer:
The answer is "Knowledge discovery & predictions category or anomalous detention assessment or Data mining".
Explanation:
Regression is a type of analysis in which some parameters' relationships are determined by the values of other variables, whereas departure detection is a type of analysis wherein the goal is to find changes in data from previously observed values. Enigma detaining analysis, often known as knowledge discovery analysis, is a sort for anomaly incarceration analysis, while regression is classed as a forecast.
Zoey Bella Company has a payroll of $6,200 for a five-day workweek. Its employees are paid each Friday for the five-day workweek. Journalize the adjusting entry required on December 31, assuming the year ends on a Thursday.
Answer:
Debit Salaries Expense $6,200
Credit Salaries Payable $6,200
Explanation:
Preparation of the adjusting entry required on December 31, assuming the year ends on a Thursday.
Based on the information given the appropriate
adjusting journal entry required on December 31, assuming the year ends on a Thursday will be :
December 31
Debit Salaries Expense $6,200
Credit Salaries Payable $6,200
Your total lottery winnings are actually worth ______________ more than the same amount as less than $20,000 to you today.
Answer:
Your total lottery winnings are actually worth __$10,000____________ more than the same amount as less than $20,000 to you today.
Explanation:
My total worth today is $ 10,000
My present worth today is less than $20,000 by $10,000
Hence, the lottery amount is more than by amount X which is equal to the difference between $20,000 and My total worth in present times
$20,000 - $10,000 = $10,000
Kramer and Knox began a partnership by investing $58,000 and $65,000, respectively. During its first year, the partnership earned $160,000. Prepare calculations showing how the $160,000 income should be allocated to the partners under each of the following three separate plans for sharing income and loss:(1) The partners failed to agree on a method to share income.(2) The partners agreed to share income and loss in proportion to their initial investments. (Do not round intermediate calculations.(3) The partners agreed to share income by granting a $56,500 per year salary allowance to Kramer, a $46,500 per year salary allowance to Knox, 12% interest on their initial capital investments.
Answer and Explanation:
The computation is shown below:
1. At the time when the partner failed to share the incom and loss so it is assume that the net income i.e. $160,000 should be shared equally so for both it is $80,000 each
2. When the income is shared as per their initial investment
Particulars Kramer Knox Total
Investment $58,000 $65,000 $123,000
Investment ratio 47.15% 52.85%
$160,000 income share $75,440 $84,560 $160,000
3. Sharing of the income as per the defined rule
Particulars Kramer Knox Total
Salary allocated $56,500 $46,500 $103,000
Interest at 12% $6,960 $7,800 $14,760
Remaining balance $21,120 $21,120 $42,240
Total $84,580 $75,420 $160,000
What are similarity and difference between delayed payment and trade credit?
Help me pls, I have a time limited
Answer:
Delayed Payment means a purchase by a buyer in which title to the grain passes to the buyer at a determined price and payment to the seller is not made in less than twenty-one (21) days after delivery.
Answer:
Trade credit is a business-to-business (B2B) agreement in which a customer can purchase goods without paying cash up front, and paying the supplier at a later scheduled date. Usually, businesses that operate with trade credits will give buyers 30, 60, or 90 days to pay, with the transaction recorded through an invoice.
Trade credit can be thought of as a type of 0% financing, increasing a company’s assets while deferring payment for a specified value of goods or services to some time in the future and requiring no interest to be paid in relation to the repayment period.
KEY TAKEAWAYS
Trade credit is a type of commercial financing in which a customer is allowed to purchase goods or services and pay the supplier at a later scheduled date.
Trade credit can be a good way for businesses to free up cash flow and finance short-term growth.
Trade credit can create complexity for financial accounting depending on the accounting method used.
Trade credit financing is usually encouraged globally by regulators and can create opportunities for new financial technology solutions.
Suppliers are usually at a disadvantage with a trade credit as they have sold goods but not received payment.
Play video on original page
1:31
Trade Credit
Understanding Trade Credit
Trade credit is an advantage for a buyer. In some cases, certain buyers may be able to negotiate longer trade credit repayment terms, which provides an even greater advantage. Often, sellers will have specific criteria for qualifying for trade credit.
A B2B trade credit can help a business to obtain, manufacture, and sell goods before ever having to pay for them. This allows businesses to receive a revenue stream that can retroactively cover costs of goods sold. Walmart is one of the biggest utilizers of trade credit, seeking to pay retroactively for inventory sold in their stores. International business deals also involve trade credit terms. In general, if trade credit is offered to a buyer it typically always provides an advantage for a company’s cash flow.
The number of days for which a credit is given is determined by the company allowing the credit and is agreed upon by both the company allowing the credit and the company receiving it. Trade credit can also be an essential way for businesses to finance short-term growth. Because trade credit is a form of credit with no interest, it can often be used to encourage sales.
Since trade credit puts suppliers at somewhat of a disadvantage, many suppliers use discounts when trade credits are involved to encourage early payments. A supplier may give a discount if a customer pays within a certain number of days before the due date. For example, a 2% discount if payment is received within 10 days of issuing a 30-day credit. This discount would be referred to as 2%/10 net 30 or simply just 2/10 net 30.
Trade Credit Accounting
Trade credits are accounted for by both sellers and buyers. Accounting with trade credits can differ based on whether a company uses cash accounting or accrual accounting. Accrual accounting is required for all public companies. With accrual accounting, a company must recognize revenues and expenses at the time they are transacted.
Trade credit invoicing can make accrual accounting more complex. If a public company offers trade credits it must book the revenue and expenses associated with the sale at the time of the transaction. When trade credit invoicing is involved, companies do not immediately receive cash assets to cover expenses. Therefore, companies must account for the assets as accounts receivable on their balance sheet.
With trade credit, there is the possibility of default. Companies offering trade credits also usually offer discounts, which means they can receive less than the accounts receivable balance. Both defaults and discounts can require the need for accounts receivable write-offs from defaults or write-downs from discounts. These are considered liabilities a company must expense.
Alternatively, trade credit is a useful option for businesses on the buying side. A company can obtain assets but would not need to credit cash or recognize any expenses immediately. In this way, trade credit can act like a 0% loan on the balance sheet.
Suppose that a firm is currently maximizing its short-run profit at an output of 50 units. If the current price is $9, the marginal cost of the 50th unit is $9, and the average total cost of producing 50 units is $4, what is the firm's profit
Answer:
$250
Explanation:
Profit = Total revenue - Total cost
Profit = ($9*50 units) - ($4*50 units)
Profit = $450 - $200
Profit = $250
Thus, the firm's profit will be $250.
An individual works downtown and pays $600 per month in rent for an apartment located 10 miles from her office. She has calculated that she spends 30 minutes per day driving each way to the office and it costs her $4 per day in gas and lost productivity. Using the framework of the bid-rent model, how much would she be willing to pay for an apartment downtown, assuming a 20 workday month?
a. $440.
b. $680.
c. $520.
d. $80.
Answer:
b. $680
Explanation:
Calculation to determine how much would she be willing to pay for an apartment downtown, assuming a 20 workday month
First step to determine the Cost of commuting using this formula
Cost of commuting = Cost of gas and productivity × 20 workday month
Let plug in the formula
Cost of commuting =$4*20
Cost of commuting =$80
Now let determine how much would she be willing to pay for an apartment
Using this formula
Amount willing to pay= Total rent + Cost of commuting
Let plug in the formula
Amount willing to pay= $600 + $80
Amount willing to pay= $680
Therefore how much would she be willing to pay for an apartment downtown, assuming a 20 workday month is $680
You bought Sumsung stock for $50 on April 1. The stock paid a dividend of $5 on July 1, and had a price of $53. It is now Oct. 1, and the stock price is $52. Treasury bills yield 1%.
Required:
a. What was the arithmetic average quarterly return?
b. What was the standard deviation of quarterly returns?
Answer:
a. 7.05%
b. 12.7%
Explanation:
a. The returns are:
First return July 1 = (Current price - Previous price + Dividend) / Cost price
= (53 - 50 + 5) / 50
= 16%
Second return Oct 1 = (52 - 53) / 53
= -1.9%
Arithmetic mean = (16 + (-1.9%)) / 2
= 7.05%
b. Variance = ((16% - 7.05%)² + (-1.9% - 7.05%)²)
= 160.205%
Standard deviation = √160.205
= 12.7%
The Corbit Corp, sold merchandise for $10,000 cash. The cost of orp. sold merchandise for $10,000 cash. The cost of the se sold was $7,590. The journal entries to record this transaction under the perpetual inventory system would be:______.
A. Cash 10,000 Merchandise Inventory Cost of Merchandise Sold 10,000 7,590 7,590 Sales
B. Cash 10,000 Sales 10,000 Cost of Merchandise Sold 7,590 7,590 Merchandise Inventory
C. Cash 10,000 Sales 10,000 Merchandise Inventory Cost of Merchandise Sold 10,000 10,000
D. Cash 7,590 Sales 7,590 Cost of Merchandise Sold Merchandise Inventory 7,590 7,590
Answer:
B. Cash 10,000 Sales 10,000 Cost of Merchandise Sold 7,590 7,590 Merchandise Inventory
Explanation:
The journal entry is shown below:
cash $10,000
To sales $10,000
(being cash receipts is recorded)
Here cash is debited as it increased the assets and credited the sales as it also increased the revenue
cost of merchandize sold $7,590
To merchandize inventory $7,590
(being cost of merchandise sold is recorded)
Here cost is debited as it increased the expense and credited the merchanidse inventory as it decreased the inventory
Each of these items must be considered in preparing a statement of cash flows for Flint Corporation. for the year ended December 31, 2022.For each item, state how it should be shown in the statement of cash flows for 2022.a. Issued bonds for $150,000 cash.
b. Purchased equipment for $200,000 cash.
c. Sold land costing $50,000 for $50,000 cash.
d. Declared and paid a $20,000 cash dividend.
Answer and Explanation:
The classification is as follows:
a. Financing activity inflow of cash
b. INvesting activity outflow of cash
c. Investing activity inflow of cash
d. Financing activity outflow of cash
The inflow of cash shows the positive sign while on the other hand the outflow of cash shows the negative sign
And, the same should be relevant
Sanders Co. is planning to finance an expansion of its operations by borrowing $51,500. City Bank has agreed to loan Sanders the funds. Sanders has two repayment options: (1) to issue a note with the principal due in 10 years and with interest payable annually or (2) to issue a note to repay $5,150 of the principal each year along with the annual interest based on the unpaid principal balance. Assume the interest rate is 8 percent for each option.
Required:
a. What amount of interest will Sanders pay in Year 1 under option 1 and under option 2?
b. What amount of interest will Sanders pay in Year 2 under option 1 and under option 2?
Answer:
A. Year 1 Option 1 $4,120
Year 1 Option 2 $4,120
B. Year 2 Option 1 $4,120
Year 2 Option 2 $3,708
Explanation:
A. Calculation to determine What amount of interest will Sanders pay in Year 1 under option 1 and under option 2
Year 1:
Option 1 − annual interest only=$51,500 × 8%
Option 1 − annual interest only= $4,120
Option 2 − annual interest
Option 2 − annual interest =$51,500 × 8
Option 2 − annual interest = $4,120
Therefore amount of interest will Sanders pay in Year 1 under option 1 and under option 2 is :
Year 1 Option 1 $4,120
Year 1 Option 2 $4,120
B. Calculation to determine What amount of interest will Sanders pay in Year 2 under option 1 and under option 2
Year 2
Option 1 − annual interest only=$150,000 × 8%
Option 1 − annual interest only= $4,120
Option 2 − annual interest and $5,150 on principal:
Original principal $51,500
Less: Payment at end of year one ($5,150)
Balance of principal for year two $46,350
Option 2 − annual interest= $46,350 × 8%
Option 2 − annual interest= $3,708
Therefore amount of interest will Sanders pay in Year 2 under option 1 and under option 2 is :
Year 2 Option 1 $4,120
Year 2 Option 2 $3,708
Flexible budgets Group of answer choices are static budgets that have been revised for changes in price(s). accommodate changes in activity levels. accommodate changes in the inflation rate. are used to evaluate capacity utilization.
Answer: accommodate changes in activity levels.
Explanation:
A flexible budget is refered to as the budget which changes based on the actual activity. It accommodate changes in activity levels.
It is the budget which is allowed to be adjusted as a result of the change in the assumptions that's used in the creation of the budget during the planning process of the management.
Answer:
accommodate changes in activity levels. is the correct choice.
Explanation:
Flexible budgets Group of answer accommodate changes in activity levels.
Type the correct answer in the box. Spell all words correctly.
Which step of selling includes cold-calling?
Cold-calling is a part of the
step of selling
Rese
Answer:
Cold-calling is the prospecting step of selling.
Answer:
prospecting
Explanation:
plato gang
Five individuals organized Miami Music Corporation on January 1. At the end of January 31, the following monthly financial data are available:
Total Revenues…………………………....... $131,000
Operating Expenses………………………… 90,500
Cash…………………………………………...........30,800
Accounts Receivable……………………… .25,300
Supplies……………………………………..........40,700
Accounts Payable…………………………... 25,700
Common Stock………………………………...30,600
Required:
a. Did Miami Music Corporation generate a profit? Which financial statement indicates this?
c. Does Miami Music Corporation have sufficient resources to pay its liabilities? Which financial statement indicates this?
Answer:
a. Profit(loss) = Total revenue - Total expenses
= 131,000 - 90,500
= $41,000
The company did in fact generate profit of $41,000 and this can be shown from the Income Statement which is where profit or loss is calculated.
b. A company uses its assets to pay off its liabilities so if the liabilities are less than the assets then the company is capable of paying off its liabilities:
Assets = Cash + Accounts Receivable + Supplies
= 30,800 + 25,300 + 40,700
= $96,800
Liabilities are just the Accounts Payable of $25,700.
Liabilities are less than Assets so Miami Music does indeed have sufficient resources to pay its liabilities.
This information comes from the Balance Sheet which is where assets and liabilities are shown.
What are the three main goals of monetary policy?
