Laser World reports net income of $600,000. Depreciation expense is $45,000, accounts receivable increases $12,000, and accounts payable decreases $25,000. Calculate net cash flows from operating activities using the indirect method

Answers

Answer 1
Answer:

Answer:

$608,000

Explanation:

For the indirect method, the below steps are applicable.

Net income $600,000 + Add non cash expense (depreciation) $45,000

= $645,000

We will need to account for changes in assets; which is add sources of cash and subtract use of cash. Therefore, net cash flow from operating activities is ;

= $645,000 + (-$25,000) + (-$12,000)

= $645,000 - $25,000 - $12,000

= $608,000

Note: The above negative signs indicates cash usage which reduces accounts payable and increases accounts receivable.


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Kingbird Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. KingBird Resort Trial Balance August 31, 2020 Debit Credit Cash $25,900 Prepaid Insurance 10,800 Supplies 8,900 Land 22,000 Buildings 122,000 Equipment 18,000 Accounts Payable $10,800 Unearned Rent Revenue 10,900 Mortgage Payable 62,000 Common Stock 99,300 Retained Earnings 9,000 Dividends 5,000 Rent Revenue 78,200 Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $270,200 $270,200 Other data: 1. The balance in prepaid insurance is a one-year premium paid on June 1, 2020. 2. An inventory count on August 31 shows $443 of supplies on hand. 3. Annual depreciation rates are (a) buildings (4%) (b) equipment (10%). Salvage value is estimated to be 10% of cost. 4. Unearned Rent Revenue of $3,472 was earned prior to August 31. 5. Salaries of $392 were unpaid at August 31. 6. Rentals of $873 were due from tenants at August 31. 7. The mortgage interest rate is 8% per year.A. Journalize the adjusting entries on August 31 for the 3-month period June 1–August 31.No. Date Account Titles and Explanation Debit Credit1. Aug. 312. Aug. 313a. Aug. 313b. Aug. 314. Aug. 315. Aug. 316. Aug. 317. Aug. 31B. Prepare an adjusted trial balance on August 31.
One of your customers is delinquent on his accounts payable balance. you’ve mutually agreed to a repayment schedule of $500 per month. you will charge 1.40 percent per month interest on the overdue balance. if the current balance is $13,000, how long will it take for the account to be paid off?
Which country is the biggest consumer of Virginia's services?A.CanadaB. GermanyC. MexicoD. United Kingdom

In evaluating different market segments, the firm must look at two factors: the segment's overall attractiveness and the ________.

Answers

Answer: Company objective and the resources

Explanation:

For evaluating the different types of marketing segment of an organization it basically involve the two main factors such as the overall segments's attractiveness and also the main objective of the company and its resources.

 By evaluating the marketing segment we can easily evaluating each segment of the company so that the company producing the desirable result according to the consumer requirements.

The company objective is one of the type of goals of the company that helps in achieving the desirable result and the opportunities. Therefore, Company objective and the resources is the correct answer.  

In the month of September, a department had 500 units in the beginning work in processinventory that were 60% complete. These units had $30,000 of materials costs and$22,500 of conversion costs. Materials are added at the beginning of the process andconversion costs are added uniformly throughout the process. During September, 10,000units were completed and transferred to the finished goods inventory and there were2,000 units that were 25% complete in the ending work in process inventory onSeptember 30. During September, manufacturing costs charged to the department were:Materials $690,000; Conversion costs $765,000.The cost assigned to the units transferred to finished goods during September was

Answers

Answer:

135,000 transferred out under Weighted average method

Explanation:

W/A method:

equivalent units materials 10,000 + 2,000 = 12,000 units at 100%

material cost: 690,000  + 30,000 = 720,000

720,000 / 12,000 = 60

equivalent units conversion 10,000 + 500 = 10,500

conversion cost 22,500 + 765,000 = 787,500

787,500 / 10,500 = 75

75 + 60 = 135 cost per unit

10,000 x 135 = 135,000 transferred out

Pharoah, Inc., paid a dividend of $4.25 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the required rate of return is 17.0 percent, what is the current value of the stock

Answers

Answer:

The current value of the stock is $3.63

Explanation:

The company's management does not expect to increase its dividend in the foreseeable future. It means that the dividend for this years (to be received after 1 years from today) is also $4.24  

Future value (FV): $4.25

Rate: 17%

Present value (PV) = FV/(1+rate)^tenor

= 4.25/(1+17%) = $3.63

Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchases: 2.80 trillions of rupees. Individuals consume: 10.50 trillions of rupees. Individuals save: 5.10 trillions of rupees. Businesses invest: 1.30 trillions of rupees. Foreigners spend: 0.64 trillions of rupees to purchase Pakistani firms. Pakistan imports: 2.09 trillions of rupees. Pakistan exports: 1.30 trillions of rupees.

Answers

Answer:

Pakistan's GDP is 13.81 trillions of rupees.

Explanation:

GDP = C + I + G + NX

Here:

C = 10.50

I = 1.30

G= 2.80

NX =  (1.30 - 2.09) = -0.79

GDP = 10.50 + 1.30 + 2.80 - 0.79

GDP = 13.81

Rachel's Designs has 1,700 shares of 5%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2019 or 2020. The company plans to pay total dividends of $14,000 in 2021. How much of the $14,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders

Answers

Answer:

$12,750 and $1,250

Explanation:

The computation of the dividend paid is shown below:

For 2021, the preference dividend is

= 1700 shares × $50 × 5%

= $4,250

Since in 2019 and 2020 the dividend is not paid

So, For 2019 and for 2020, the preference dividend is

= $4,250 × 2 years

= $8,500

So total preference dividend is

= $4,250 + $8,500

= $12,750

And, the total dividend paid is $14,000

So, for the common stockholder, it is

= $14,000 - $12,750

= $1,250

Which statement bestexplains the association between a risk factor and the development of adisease?a. Anyone with a risk factor will develop the disease.
b. The absence of a risk factor guarantees freedom from the disease.
c. The fewer risk factors for a disease, the better the chances for good health.
d. Interventions must be targeted to each individual risk factor.
e. Risk factors tend to be short-lived, so their presence does not predict long-term risk ofdisease.

Answers

Answer:

C. The fewer the Risk Factors for a Disease the better the Chances of a Good Health

Explanation:

Understanding Risk factors in health is very important especially when trying to find ways to ensure good health. Risk factors are important in many important health decisions. For instance, it is important to know family and personal risks, risks and benefits of a treatement and even the risk factors for a disease. All these assist in making better decisions both by the individual and the medical practitoner

A disease's risk factor represent those situations, living conditions, habits, choices etc that can heighten the probability of getting  a certain disease. A disease's risk factor represents those things or factors that tend to increase the chances of contracting such a disease, while it doesn't necessarily mean they will definitely occur, the higher these factors, then the higher the possiblity of contracting it and the lower the risk factors then the lower the possibility of contracting the disease.

For instance, it is known that smoking cigarette is a risk factor especially for lung cancer, however, family history, exposure to second hand smoke as well as radon gas are also factors that can contribute to lung cancer. These repesent the risk factors.

Risk factors are divided into five:

  • Physiological
  • Behavioural
  • Demographic
  • Environmental
  • Genetic.

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