Answer:
The total general and administrative expenses to be reported on the general and administrative expense budget per month is $8,800
Explanation:
The computation of total general and administrative expense is shown below:
= Administrative salaries + Other cash administrative salaries + depreciation + Monthly interest on an outstanding bank loan
= $5,000 + $2,400 + $1,350 + $50
= $8,800
All cost is need to be recognized while computing the general and administrative expense because it is related to the expenses. Hence, it is included in the computation part
Hence, the total general and administrative expenses to be reported on the general and administrative expense budget per month is $8,800
Answer:
20.91%
Explanation:
Provided information
Average historical rate of return = 10.1 %
Variance = 0.0116751
By considering the above information, the standard deviation would be
= Square root of Variance
= 10.81%
So the upper percentage range of return would be
= Standard deviation + standard deviation
= 10.81% + 10.1%
= 20.91%
Since we have to find out the upper percentage so we added it otherwise we have to deduct it
Answer:
Option D (You value..........$56,000) is the right response.
Explanation:
- The overall expenditure of taking part throughout the school for the very first year would be the amount of such loss of university income as well as extra cash.
- Whenever you anticipate receiving stronger employment wages from university education, therefore during the 1st year that you estimate upwards of expenditure of $53,000 for higher learning.
Other options aren't linked to the specific circumstance. Thus, the response seems to be the right one.
Answer:
The Net Cash <em>used</em> in Financing activities is $30,800
Explanation:
<em>Step 1 Determine the Movement in Cash during the period.</em>
Movement = Ending Cash Balance - Beginning Cash Balance \
= 18,200 - 11,600
= 6,600 (inflow)
<em>Step 2 Determine the Cash flow in Financing Activities </em>
<u>Cash flow statement for the year</u>
Cash flow from Operating Activities $29,000
Net Cash flow from Investing Activities $ 8,400
Net Cash flow from Financing Activities (Balancing figure) ($30,800)
Movement in Cash during the year $6,600
Therefore, The Net Cash used in Financing activities is $30,800
Answer:
Ames should reduce the lease liability by $17,000
Explanation:
There are two components of lease payment:
- Interest expense
- Amount paid against lease obligation.
Annual Lease = $40,000
Carrying amount at the beginning of the period = ( $270,000 – $40,000 ) = $230,000
Interest is calculated by multiplying the carrying amount with annual interest rate.
Interest expense = $230,000 x 10% = $23,000
Reduction in liability is the net of Lease payment and Interest expense for the period.
Reduction in lease liability = $40,000 - $23,000 = $17,000
