You can use the discounted cash flow method to estimate the cost of a company’s internal equity when the company ______________. g

Answer:

It shows what similar homes in the area have recently sold for.

Explanation:

Answer:

The statement "It shows the same types of homes in the area that are presently sold" is considered to be the best description for the comparative market analysis.

Explanation:

A comparative market analysis is a tool that is used by the real estate agent in order to remove the value of the particular property via evaluation of the same types of homes that could be presently sold in a similar area.

For finding the best description regarding the comparative market analysis, we need to determine the following information:

Therefore we can conclude that the first statement is correct

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Answer:

Investing Activities refer to cashflow activities that have to do with Fixed assets as well as the ownership of the securities of other companies.

Financing Activities refer to cashflow activities that have to do with how the company sources funds for the company so this includes Equity related activities and long term liabilities.

1. Sale of land.  +I

2. Issuance of common stock for cash.  +F

3. Purchase of treasury stock.  -F

4. Conversion of bonds payable to common stock.  N

5. Lease of equipment.  N

6. Sale of patent.  +I

7. Acquisition of building for cash.  -I

8. Issuance of common stock for land.  N

9. Collection of note receivable (principal amount).  +I

10. Issuance of bonds.  +F

11. Issuance of stock dividend.  X

12. Payment of property dividend.  X

13. Payment of cash dividends.  -F

14. Issuance of short-term note payable for cash.  +F

15. Issuance of long-term note payable for cash.  +F

16. Purchase of marketable securities ("available for sale").  -I

17. Payment of note payable.  -F

18. Cash payment for five-year insurance policy.  X

19. Sale of equipment.  +I

20. Issuance of note payable for equipment.  N

21. Acquisition of common stock of another corporation.  -I

22. Repayment of long-term debt by issuing common stock.  N

23. Payment of semiannual interest on bonds payable.  X

24. Retirement of preferred stock.  -F

25. Loan to another firm.  -I

26. Sale of inventory to customers.  X

27. Purchase of marketable securities (cash equivalents). X

Please see appropriate classification below.

+ I Investing activity (cash inflow)

1. Sale of land.  +I

6. Sale of patent.  +I

9. Collection of note receivable (principal amount).  +I

19. Sale of equipment.  +I

– I Investing activity (cash outflow)

7. Acquisition of building for cash.  -I

16. Purchase of marketable securities ("available for sale").  -I

21. Acquisition of common stock of another corporation.  -I

25. Loan to another firm.  -I

+ F Financing activity (cash inflow)

2. Issuance of common stock for cash.  +F

10. Issuance of bonds.  +F

14. Issuance of short-term note payable for cash.  +F

15. Issuance of long-term note payable for cash.  +F

– F Financing activity (cash outflow)

3. Purchase of treasury stock.  -F

13. Payment of cash dividends.  -F

17. Payment of note payable.  -F

24. Retirement of preferred stock.  -F

N Noncash investing and financing activity

4. Conversion of bonds payable to common stock.  N

5. Lease of equipment.  N

8. Issuance of common stock for land.  N

20. Issuance of note payable for equipment.  N

22. Repayment of long-term debt by issuing common stock.  N

X Not reported as an investing and/or a financing activity

11. Issuance of stock dividend.  X

12. Payment of property dividend.  X

18. Cash payment for five-year insurance policy.  X

23. Payment of semi-annual interest on bonds payable.  X

26. Sale of inventory to customers.  X

27. Purchase of marketable securities (cash equivalents). X

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Answer: treasury bonds

Explanation:

The treasury bonds are typically debt securities for the government that have a long maturity period e.g ten years ane above.

If interest rates rise, the U.S. Government debt instruments that would show the greatest percentage drop in value is the treasury bonds because of its longer maturity period.

Answer:

Initial value of building = $4,050,000

Initial value of land = $2,700,000

Initial value of equipment = $2,250,000

Explanation:

The fair value of an asset refers to a unbiased estimate of the likely market price of the asset.

The initial value of a fixed asset refers to the amount of money that spent to acquire or create the asset.

The initial value of each asset from a group of asset can be calculated using the following formula:

Initial value of an asset = Lump-sum price * (FVA / TFV) ............ (1)

Where, from the questio;

Lump-sum price = $9,000,000

FVA = Fair value of a particular asset. From the question, we have:

Building fair value = $4,500,000

Land fair value = $3,000,000

Land fair value  = $2,500,000

TFV =Total fair value = Building fair value + Land fair value + Land fair value = $4,500,000 + $3,000,000 + $2,500,000 = $10,000,000

Substituting the values into equation (1), we can determine the initial value of each asset as follows:

Initial value of building = $9,000,000 * ($4,500,000 / $10,000,000) = $9,000,000 * 0.45 = $4,050,000

Initial value of land = $9,000,000 * ($3,000,000 / $10,000,000) = $9,000,000 * 0.30 = $2,700,000

Initial value of equipment = $9,000,000 * ($2,500,000 / $10,000,000) = $9,000,000 * 0.25 = $2,250,000

Answer: c. $18,000 increase

Explanation:

Department margin was $100,000 in September.

October Margin = Sales - Variable Costs - Traceable Fixed Costs

= (2,000 *( 210 - 25 - 80 - 15) ) - 62,000

= (2,000 * 90) - 62,000

= $118,000

= October Margin - September Margin

= 118,000 - 100,000

= $18,000 increase

Answer: Holders of convertible bonds can choose how many shares of stock to receive at conversion

Explanation:

A convertible bond is a debt security that yields the payment of interest, but can also be converted into equity shares or common stock that are predetermined.

The option that holders of convertible bonds can choose how many shares of stock to receive at conversion is wrong. This is because the number I shares that will be eventually converted will already have been fixed.

Answer:

The beta for the company is 1.

Explanation:

A beta is the measure of systematic risk associated to a stock or the portfolio. Systematic risk is the market risk that affects all the stocks in the market due to factors that are uncontrollable. Such a risk is what the companies compensate the investors for. Using the CAPM equation, we calculate the expected rate of return of a stock. The equation is,

r = rRF + Beta * rpM

Where,

We already have the values for r, rRF and rpM. Plugging them in the formula, we calculate the beta to be,

0.12 = 0.05  +  Beta * 0.07

0.12 - 0.05 = Beta * 0.07

0.07/ 0.07 = Beta

Beta = 1

Answer:

PI for the first project = 1 + ($5,673.93 / 87,000) = 1.065

PI for the second project = 1 + ($5,561.23 / $55,000) = 1.101

b. the second project should be chosen because the PI is higher

NPV for 1 = $5,673.93

NPV for 2 =   $5,561.23

Explanation:

profitability index  = 1 + (NPV / Initial investment)

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

for the first project

Cash flow in year 0 = –$87,000

Cash flow in year 1 = 36,900

Cash flow in year 2 = 47,000

Cash flow in year 3 =  27,000

I = 10%

NPV = $5,673.93

for the second project

Cash flow in year 0 = –$55,000

Cash flow in year 1 = 11,700

Cash flow in year 2 =  34,500

Cash flow in year 3 = 28,500

I = 10%

NPV = $5,561.23  

PI for the first project = 1 + ($5,673.93 / 87,000) = 1.065

PI for the second project = 1 + ($5,561.23 / $55,000) = 1.101

b. the second project should be chosen because the PI is higher

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  

Answer:

Before tax cost of debt=3.72%

After-tax cost of debt =2.87 %

Explanation:

The yield to maturity to Maturity van be worked out using the formula below:

YM =( C + F-P/n) ÷ ( 1/2× (F+P))

C- annual coupon,  

F- face value ,

P- current price,  

n- number of years to maturity

YM - Yield to maturity

DATA

C- 4%× 100 = 4, P- 105, F- 100

AYM = 4 + (100-105)/27 ÷ 1/2× (100+105)

=0.0372 ×  100= 3.72%

Yield to maturity =3.72%

Before tax cost of debt = Yield to maturity

Before tax cost of debt=3.72%

After tax cost of debt =Before tax cost of debt × (1-T)

Before tax cost of debt = 3.72%

Tax rate = 23%

After-tax cost of debt = 3.72%× (1-0.23) =2.87 %

After-tax cost of debt =2.87 %

Question options :

A. increases; falls

B. decreases; falls

C. does not change; does not change

D. increases; rises

Answer:

B. decreases; falls

Explanation:

let us understand this by looking at the logic behind it. First when the economy is at full employment, there is high demand since there will be increase in money supply through increased circulation from salaries and wages. If government increases taxes, this will reduce purchasing power as money supply will be reduced and therefore demand will be reduced. Also price will fall since according to the Law of demand and supply, if demand is more than supply, price will increase

Answer:

Ritz Carlton hotel focuses on people.

Sony  Focuses on their products.

Explanation:

Ritz Carlton has created its leading brand by providing great ambiance to the visitors and its guest. One can dream of staying at such luxury hotel. They are famous for their hospitality of their guests. The hotel management believes on total quality management. It has set highest standard for themselves and strive to meet them by providing better and better service to its guests. The success of Ritz Carlton is mainly because they keep the comfort of their guests as their highest priority.

Sony has always been striving to serve its customer better. Millennial are the top brands that are considered in market. They are the organizations which capture major market share and are massive market segment. Sony has offered wide range of products to its customers. Their main focus is on their product features and its qualities.

Answer:

decreased

Explanation:

if firms have decreased then it would be likely to follow other firms to increase popularity

Oligopoly firms will seldom change prices but if one firm increases its price, others may follow if costs have Decreased.

A market structure known as an oligopoly has a limited number of enterprises, none of which can prevent the others from having a large impact. The market share of the major companies is calculated using the concentration ratio.

A market with a monopoly has only one producer, a duopoly has two businesses, and an oligopoly has three or more businesses. The maximum number of firms in an oligopoly is unknown, but it must be low enough so that each firm's actions have a significant impact on the others.

In the past, oligopolies have existed in the steel industry, the oil industry, the railroad industry, the tire industry, grocery store chains, and the wireless industry. An oligopoly can prevent new competitors from entering the market, stifle innovation, and raise prices, all of which are detrimental to consumers.

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The question is incomplete as it misses the figures. The following is the complete question.

Steady Company's stock has a beta of 0.21. If the risk-free rate is 6.2% and the market risk premium is 6.9%, what is an estimate of Steady Company's cost of equity?

Answer:

The cost of equity is 0.07649 or 7.649%

Explanation:

The required rate of return or cost of equity capital is the rate required by the investors to invest in a stock based on the systematic risk of the stock as measure by the beta. The required rate of return or cost of equity can be calculated using the CAPM equation. The CAPM equation is,

r = rRF + Beta * rpM

Where,

r = 0.062 + 0.21 * 0.069

r = 0.07649 or 7.649%

Answer:

1)

a. Raw materials purchased for cash, $170,000.

Dr Materials inventory 170,000

   Cr Cash 170,000

b. Raw materials requisitioned for use in production, $141,000 (materials costing $121,000 were charged directly to jobs; the remaining materials were indirect).

Dr Work in process: direct materials 121,000

Dr Manufacturing overhead 20,000

    Cr Materials inventory 141,000

c. Costs for employee services were incurred as follows:

Dr Work in process: direct labor 156,000

Dr Manufacturing overhead 185,900

Dr Sales salaries expense 22,000

Dr Administrative salaries expense 50,000

    Cr Cash 413,900

d. Rent for the year was $18,800 ($13,600 of this amount related to factory operations, and the remainder related to selling)

Dr Manufacturing overhead 13,600

Dr Rent expense 5,200

    Cr Cash 18,800

e.Utility costs incurred in the factory, $16,000.

Dr Manufacturing overhead 16,000

    Cr Cash 16,000

f. Advertising costs incurred, $13,000.

Dr Advertising expenses 13,000

    Cr Cash 13,000

g. Depreciation recorded on equipment, $21,000. ($15,000 of this amount was on equipment used in factory operations; the remaining $6,000 was on equipment used in selling and administrative activities.)

Dr Manufacturing overhead 15,000

Dr Depreciation expense 6,000

    Cr Accumulated depreciation: manufacturing equipment 15,000

    Cr Accumulated depreciation: office equipment 6,000

h. Manufacturing overhead cost was applied to jobs, $?

Dr Work in process 265,200

     Cr Manufacturing overhead 265,200 (170% of direct labor)

i. Goods that had cost $226,000 to manufacture according to their job cost sheets were completed.

Dr Finished goods inventory 226,000

    Cr Work in process 226,000

j. Sales for the year totaled $514,000. The total cost to manufacture these goods according to their job cost sheets was $220,000.

Dr Cash 514,000

    Cr Sales revenue 514,000

Dr Cost of goods sold 220,000

    Cr Finished goods inventory 220,000

2)

Dr Manufacturing overhead ($265,200 - $250,500) 14,700

    Cr Cost of goods sold 14,700

3) Gold Nest Company

Income Statement

Sales revenue                                                                        $514,000

- Cost of goods sold                                                             -$205,300

Gross profit                                                                             $308,700

Operating expenses:

Operating profit                                                                        $212,500

1. The preparation of journal entries to record the transactions for Gold Nest Company of Guandong, China, is as as follows:

a. Debit Raw materials $170,000

Credit Cash $170,000

b. Debit Work in Process $121,000

Debit Manufacturing Overhead $20,000

Credit Raw materials $141,000

c. Debit Work in Process $156,000

Debit Manufacturing Overhead $185,900

Credit Payroll Expenses $341,900

Debit Selling and Administrative Expenses $22,000

Credit Sales commissions $22,000

Debit Selling and Administrative Expenses $50,000

Credit Administrative salaries $50,000

d. Debit Manufacturing Overhead $13,600

Debit Selling and Administrative Expenses $5,200

Credit Rent Expenses $18,800

e. Debit Manufacturing Overhead $16,000

Credit Utilities Expense $16,000

f. Debit Selling and Administrative Expenses $13,000

Advertising costs $13,000

g. Debit Manufacturing Overhead $15,000

Debit Selling and Administrative Expenses $6,000

Credit Depreciation Expenses $21,000

h. Debit Work in Process $265,200

Credit Manufacturing Overhead (Applied) $265,200 ($1.70 x $156,000)

i. Debit Finished Goods Inventory $226,000

Credit Work in Process $226,000

j. Debit Cash $514,000

Credit Sales Revenue $514,000

j. Debit Cost of goods sold $220,000

Credit Finished Goods Inventory $220,000

2. The journal entry to close the balance in the Manufacturing Overhead account to the Cost of goods sold is as follows:

Debit Manufacturing Overhead $14,700

Credit Cost of goods sold $14,700

3. Gold Nest Company

for the year ended December 31

Sales Revenue            $514,000

Cost of goods sold      205,300

Gross profit               $308,700

Selling and Administrative Expenses:

Sales commission       $22,000

Administrative salaries 50,000

Rent Expenses                5,200

Advertising Expenses   13,000

Depreciation Expenses 6,000

Total selling/admin.  $96,200

Net income             $212,500

Estimated manufacturing overhead = $76,500

Estimated direct labor dollars = $45,000

Predetermined overhead rate = $1.70 ($76,500/$45,000)

Raw materials = $10,200

Work in process = $4,200

Finished goods = $8,200

a. Raw materials $170,000 Cash $170,000

b. Work in Process $121,000 Manufacturing Overhead $20,000 Raw materials $141,000

c. Work in Process $156,000 Manufacturing Overhead $185,900 Payroll Expenses $341,900

Selling and Administrative Expenses $22,000 Sales commissions $22,000

Selling and Administrative Expenses $50,000 Administrative salaries $50,000

d. Manufacturing Overhead $13,600 Selling and Administrative Expenses $5,200 Rent Expenses $18,800

e. Manufacturing Overhead $16,000 Utilities Expense $16,000

f. Selling and Administrative Expenses $13,000 Advertising costs $13,000

g. Manufacturing Overhead $15,000 Selling and Administrative Expenses $6,000 Depreciation Expenses $21,000

h. Work in Process $265,200 Manufacturing Overhead (Applied) $265,200 ($1.70 x $156,000)

i. Finished Goods Inventory $226,000 Work in Process $226,000

j. Cash $514,000 Sales Revenue $514,000

j. Cost of goods sold $220,000 Finished Goods Inventory $220,000

2. Manufacturing Overhead $14,700 Cost of goods sold $14,700

b. Raw materials                   $20,000

c. Payroll Expenses            $185,900

d. Rent Expenses                 $13,600

e. Utilities Expense              $16,000

g. Depreciation Expenses  $15,000

h. Work in Process                                 $265,200

Cost of goods sold (Over-applied

overhead)                          $14,700

Finished goods                                   $220,000

Over-applied manufacturing overhead (14,700)

Adjusted cost of goods sold           $205,300

A job-order costing system is a costing system that tracks the costs and revenues according to jobs, with jobs allocated job numbers.  It is unlike process costing, which tracks jobs for each process in order to determine the unit costs instead of per job.

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Answer:

Specialization is a method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency. Many countries, for example, specialize in producing the goods and services that are native to their part of the world, and they trade them for other goods and services.

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Answer:

C. The part of the distribution which is taxable as a dividend is $12,500.

Explanation:

Rose's total loss for the year = $55,000

we must prorate the loss: $55,000 / 12 months = $4,583.33 per month

loss allocated to the first 6 months = $4,583.33 x 6 = $27,500

retained earnings before the distribution = $40,000 - $27,500 = $12,500

since distributions must come from retained earnings to be considered dividends, then only $12,500 will be considered dividends. The remaining $2,500 will be considered a return of capital

Answer:

$7.60 per unit of output

Explanation:

Budgeted output units 51,000 units

Budgeted machine−hours 10,200 hours

Budgeted variable manufacturing overhead costs for 51,000 units $387,600

budgeted variable overhead cost per unit of output = $387,600 / 51,000 units = $7.60 per unit of output

In this case, the applied variable overhead rate = 35,750 units x $7.60 = $271,700, which would have been under-applied since the actual variable overhead costs were much higher, $328,900.

Answer:

True

Explanation:

Since, Federal reserve purchased long term MBS in order to pay the less market interest rate and this will cause a rise in the amount of income i.e fixed securities. Also, due to less market interest rate, the financing cost is less and at the same time interest spread is narrower as it provides more liquidity

Therefore the given statement is true

Answer:

A 'third party', is any entity that a company does business with. This may include suppliers, vendors, contract manufacturers, business partners and affiliates, brokers, distributors, resellers, and agents.

Answer:

A) Cash is debited for $294,000. and,

C) Common Stock is credited for $294,000.

Explanation:

When Shares are Issued for Cash, recognize the Assets of Cash (Debit) and also recognize an equity element - Common Stock (Credit).

Answer:

Unites actually produced = 4,000 units

Explanation:

Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.  

It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price  

Material quantity variance in unit =  Materials quantity variance  in value /standard price

Material quantity variance in unit = 350/2.50 =140  pounds

Actual quantity used (in pounds)  = standard quantity allowed - Material quantity variance

                              = 4000  - 140 = 3,860 pounds

Actual units produced = Standard quantity allowed/ standard quantity  per unit

                                      = 4,000/1 = 4000 units

Unites actually produced = 4,000 units

Answer:

27.48%

Explanation:

Calculation for Luther's operating margin for the year ending December​ 31, 2005

Using this formula

Operating margin = Operating income / Sales

Let plug in the formula

Operating margin= 159.1/578.8

Operating margin=0.2748*100

Operating margin=27.48%

Therefore Luther's operating margin for the year ending December​ 31, 2005 is 27.48%

Answer:

May 1

DR Cash $252

CR Service Revenue $252

(To record payment for services rendered)

Working

Cash = Net Service revenue

Net Service revenue = $280 * ( 1 - 10%)

= 280 * 90%

= $252

Answer:

Income Statement Year Ending 2014

Sales revenue                      $360,000

Cost of goods sold               $150,000

Gross profit                           $210,000

Fixed costs                             $42,900

Selling, general, and

administrative expenses      $27,200

Depreciation                          $45,900

EBIT                                         $94,000

Interest expense                     $18,100

Taxable income                    $  75,900

Taxes                                     $ 30,360

Net income                          $  45,540

Find the accumulated depreciation for 2014 first.

The accumulated depreciation for 2014 is:_$45,900____(Round to the nearest dollar.)

Explanation:

A company's income statement is one of the three financial statements prepared by the entity at the end of its fiscal period.  The statement compares the company's revenue with the expenses.  After deducting the total expenses from the total revenue, the net income or loss is obtained.  But before arriving at the net income or loss, there are other profit points that are usually calculated.  The first is the gross profit, which is the difference between the sales revenue and the cost of goods sold.  It shows the ability of the management to generate enough revenue to cover the cost of goods sold and make a profit from its trading or primary activities.

The next profit point is the Earnings before Interests and Taxes (EBIT).  This is an important index for checking the financial performance of a company.  The next is the Taxable Income on which the tax rate is determined and paid to government as Company Income Tax.  After deducting the tax expense from the pre-tax income, the final profit point is the After-Tax Income or the Net Income.  This determines the dividends policy and the share of retained earnings of the entity.

Answer:

                                STARK COMPANY  

                             INCOME STATEMENT  

                FOR THE YEAR ENDED DECEMBER 31  

PARTICULARS                                 AMOUNT $

Service Revenue                               20,000

Expenses

Supplies expense          200  

Interest expense            500  

Insurance expense        1,800

Utilities expense            1,300

Depreciation expense   2,000

Wages expense             7,500

Total expenses                                  13,300

Net profit                                            6,700

                            STARK COMPANY  

                 STATEMENT OF RETAINED EARNINGS  

                  FOR THE YEAR ENDED DECEMBER 31

                                                                                       Amount $

Retained earnings December 31 prior year end            14,800

Add- Net income           6,700

Less- Dividends             3,000                                           3,700

Retained earnings, December 31 Current year end     18,500

3.                                          STARK COMPANY  

            BALANCE SHEET FOR THE YEAR ENDED DECEMBER 31

Current Assets

Cash                               10,000

Accounts receivable      4,000  

Office supplies               800  

Prepaid insurance          2,500

Total current asset                           17,300

Non Current Assets

Buildings                            40,000

Less- Accumulated dep.    15,000  

Total Non Current Assets                25,000

Total Assets                                       42,300

Liabilities

Current liabilities

Accounts payable     1,500  

Interest payable        100  

Notes payable           11,000  

Unearned revenue    800  

Wages payable          400

Total Current liabilities                 13,800

Long term liabilities

Common stock      10,000

Retained earnings 18,500             28,500

Total liabilities and capital           42,300

Financial statements are statements that keep a record of the various transactions of the firm. It keeps the records of the inflow and outflow of cash in the company and also maintains the sound wealth in the firm.

The income statement, balance sheet, and calculations have been attached below.

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Answer: measuring the services in terms of current market prices

Explanation:

Based on the information that has been provided in the question, it should be noted that the monetary value of a homemaker's time can be estimated by

comparing the value of the services to the spouse's wage rate, measuring the marginal value of the services by the homemaker's wage rate received in a part-time job and also measuring the value of the services by looking at the homemaker's opportunity costs.

Therefore, the option that measuring the services in terms of current market prices is not estimated.

Answer:

gross profit ratio = (total revenue - cost of goods sold) / total revenue

I looked for the missing information:

year                    total sales                   cost of goods sold

2012                    $7,175                            $4,365

2013                    $8,052                           $5,140

2014                    $8,268                           $5,370

a)

gross profit ratio:

2012 = ($7,175 - $4,365) / $7,175 = 39.16%

2013 = ($8,052 - $5,140) / $8,052 = 36.16%

2014 = ($8,268 - $5,370) / $8,268 = 35.05%

b)

since the gross profit margin ratio is decreasing every year, we can assume that it will keep decreasing in 2015. Using linear regression, the slope is -0.02055. So the estimated gross profit margin ratio for 2015 = 34.33%

estimated cogs (first four months of 2015) = $527 billion x (1 - 34.33%) = $346.08 billion

estimated gross profit (first four months of 2015) = $527 billion x 34.33% = $180.92 billion

Answer:

Some information is missing, specifically the % of credit sales. Similar questions use 80%, so I will use that %. Also, November sales were $85,000 and December sales were $115,000.

                                                January              February             March

Cash sales                               $30,000            $26,000              $35,000

Collection from Nov. sales      $16,320

Collection from Dec. sales     $36,800             $22,080

Collection from Jan. sales      $24,000            $48,000              $28,800

Collection from Feb. sales                                $20,800               $41,600

Collection from March sales                                                          $28,000

Total cash collections            $107,120             $116,880             $133,400

Answer:

The correct answer will be "Expatriate".

Explanation:

Answer: e. $52,700

Explanation:

Cash Dividend to be paid = Cash dividends payable at the beginning of the year + Cash dividends declared for the year - Cash dividends payable at the end of the year

= 12,600 + 55,000 - 14,900

= $52,700