Additional data: 1. Dividends declared and paid were $25,400. 2. During the year, equipment was sold for $8,700 cash. This equipment cost $18,200 originally and had a book value of $8,700 at the time of sale. 3. All depreciation expense, $15,600, is in the operating expenses. 4. All sales and purchases are on account. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash.

Answers

Answer 1

Answer:

Answer:

Preparation of Cash flow statement is below:-

Explanation:

Please find the full information of question

The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash $36,400 $19,600 Accounts receivable 33,000 19,200 Inventory 31,000 20,400 Equipment 59,400 77,600 Accumulated depreciation—equipment (29,800 ) (23,700 ) Total $130,000 $113,100 Liabilities and Stockholders’ Equity Accounts payable $28,700 $ 16,100 Income taxes payable 7,100 8,000 Bonds payable 26,300 32,500 Common stock 18,200 13,600 Retained earnings 49,700 42,900 Total $130,000 $113,100 NOSKER COMPANY Income Statement For the Year Ended December 31, 2017 Sales revenue $242,100 Cost of goods sold 175,500 Gross profit 66,600 Operating expenses 23,900 Income from operations 42,700 Interest expense 2,400 Income before income taxes 40,300 Income tax expense 8,100 Net income $32,200. Prepare a statement of cash flows for Nosker Company using the direct method.

Nosker Company

Statement of cash flow

For the year ended 31 December, 2017

Cash flow from operating activities

Receipt from customers $228,300

($242,100 - $13,800)

Less Cash payment

Suppliers $173,500

($175,500 + $10,600 - $12,600)

Operating expenses $8,300

(23,900 - $15,600)

Income tax expenses $900

($8,100 + $900)

Interest expenses $35,100

Cash flow from investing activities

Sale of equipment $8,700

Net cash provided by Investing activities $8,700

Cash flow from financing activities

Issuance of company stock $4,600

Less: Land Redemption $6,200

Less: Payment of cash dividend $25,400

Net cash used by financing activities $27,000

Net Increase in cash $16,800

Beginning cash $19,600

Cash at end of period $36,400

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10. The act of assigning formal authority and responsibility for a completion of specifi activities to a subordinate. A/ Allocation B/ Delegation C/ Subordinate D/ All

Answers

The answer is B/ Delegation.

The term __________ refers to the supplemental information provided in a proposal. It often includes examples of past projects, client testimonials, and technical specifications.A. overview
B. references
C. executive summary
D. appendices

Answers

Answer:

D. appendices

Explanation:

The term appendices refers to the supplemental information provided in a proposal. It often includes examples of past projects, client testimonials, and technical specifications. Appendices basically provide the readers with the additional information which help them in better understanding the proposal in a greater detail. It is combination of additional and supplementary materials which includes the results of the past projects, testimonials, supportive data and other technical specification of the project, which can't be included in the main body of the proposal.

Final answer:

The term for supplemental information in a proposal, including examples of past projects, client testimonials, and technical specifications, is appendices. These provide detailed information that could distract if included in the main proposal.

Explanation:

The term that refers to the supplemental information provided in a proposal, often including examples of past projects, client testimonials, and technical specifications, is D. appendices. An appendix serves to provide detailed information that might be diverting if it was included in the general proposal. For instance, complex diagrams, in-depth market research, or technical specifications might be better situated in the appendix. This allows a proposal to remain simultaneously detailed yet focused, and maximises its efficacy in persuading readers. An appendix serves to provide detailed information that might be diverting if it was included in the general proposal. For instance, complex diagrams, in-depth market research, or technical specifications might be better situated in the appendix. This allows a proposal to remain simultaneously detailed yet focused, and maximises its efficacy in persuading readers.

Learn more about appendices here:

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Hartley Company produces two products, Flower and Planter. Flower is a high-volume item totaling 20000 units annually. Planter is a low-volume iterm totaling only 6000 units per year. Flower requires 1 hour or are 2000 completion, while each unit of Planter requires 2 hours. Therefore, total annual direct labor hours are 32000 12000). Expected annual manufacturing overhead costs are $960000. Hartey uses a traditional costing system and assigns overhead based on direct labor hours. Each unit of Planter would be assigned overhead of:________. a. need more information to compute.
b. $60.
c. $30.
d. $36.92

Answers

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Estimated manufacturing overhead= 960,000

Estimated number of hours= 32,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 960,000/32,000= $30 per direct labor hour

Now, we can allocate to each unit of Planter:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 30*2= $60

Wolverine Company financial statements included the effects of these errors: Reported Net Income for Year 1 was $20,000. Reported Net Income for Year 2 was $18,000. Indicate the error in 12/31/2 Retained Earnings:

Answers

Answer:

Net income year 2 = $21,300

Explanation:

I looked for the missing information and found this:

Year Depreciation overstated Prepaid expense omitted

1 $2,500 $2,000

2 $4,000 $2,700

If your question doesn't include the same values, just adjust the answer.

Year 2's net income = net income (year 2) + overstated depreciation (year 2) + omitted prepaid expenses (year 1) - omitted prepaid expenses (year 2) = $18,000 + $4,000 + $2,000 - $2,700 = $21,300

Ramon sells two enchiladas and three tacos for $\$$2.50 and he sells three enchiladas and two tacos for $\$$2.70. Assuming a fixed price per item, what is the cost, in dollars, of three enchiladas and four tacos

Answers

Answer:

3.54 dollars

Explanation:

2.50 = 250 cents

2.70 = 270 cents

2e + 3t = 250

e = (250 - 3t) / 2

3((250 -3t) / 2) + 2t = 270

(750 - 9t) / 2 + 2t = 270

750 - 9t + 4t = 540

750 - 5t = 540

210 = 5t

t = 42

e = (250 - 3t) / 2

e= (250 - 126) / 2

e = 124 / 2

e = 62

3e + 4t = 3(62) + 4(42) = 354 cents or 3.54 dollars

Making an intentional omission of material fact when recommending a security to a ustomer would be considered fradulent if:__________.

Answers

A reasonable man would attach decision making important to the omitted information.

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________ is an Internet marketing strategy used to increase the quantity and quality of traffic from search engines, often by improving the site's position in result lists.A.Search engine optimizationB.Search engine marketingC.A clickthrough rateD.GeotargetingE.Content farming

Cash 5,345 Accounts Receivable 2,662 Prepaid Expenses 725 Equipment 14,421 Accumulated Depreciation 6,970 Accounts Payable 1,643 Notes Payable 5,223 Common Stock 1,000 Retained Earnings 6,003 Dividends 664 Fees Earned 7,033 Wages Expense 2,463 Rent Expense 804 Utilities Expense 441 Depreciation Expense 234 Miscellaneous Expense 113 Totals 27,872 27,872 Determine the net income (loss) for the period.

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