How much is the sales tax on $19.50 worth of goods if the tax rate is 7%? $2.79 $0.14 $1.37 $0.28

ABC Company has completed the basic format to be used in preparing the statement of cash flows (indirect method). Listed below i

Wewaii [24]

Answer:

1. b. $1,198 Inflow

2. a. $2,143 outflow

3. a. $1,587 Inflow.

Explanation:

Determination of net cash provided by operating activities

$

Cash flow from Operating Activities

Net income 1,878

Adjust for :

Depreciation expense 184

Decrease in inventory 253

Increase in prepaid rent (75)

Increase in accounts receivable (530)

Increase in accounts payable 160

Gain on sale of land (136)

Net cash provided by operating activities 1,734

Determination of net cash provided by Investing activities

$

Cash flow from Investing Activities

Purchase of equipment (2,210)

Cash received from the sale of land 67

Net cash provided by Investing activities (2,143)

Determination of net cash flow by financing activities

$

Cash flow from Financing Activities

Payment of dividends (360)

Issuance of common stock 2,440

Repayment of notes payable (493)

Net cash flow by financing activities 1,587

3 0

2 years ago

If the price of a sofa is $800 in the u.s. and 2400 pesos in argentina, and the exchange rate is 4 pesos per dollar, what is the

Vesnalui [34]

The real exchange rate ( RER ) is the ratio of the price level abroad and the domestic price level.
RER = ( Nominal Exchange Rate x Foreign Price ) / ( Domestic Price )
The price of sofa is 2,400 pesos in Argentina and the nominal exchange rate is 4 pesos per dollar ( 2,400 : 4 = $600 )
RER = 4 x $600 / $800 = 3
Answer: The Real Exchange Rate is 3 pesos per dollar.

4 0

3 years ago

Ayayai Corporation has outstanding 400,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend

maxonik [38]

Answer:

Explanation:

The journal entries are shown below:

On Declaration date

Retained Earnings A/c Dr $4,000,000 (400,000 shares × $10)

To Common Stock Dividend Distributable A/c $4,000,000

(Being dividend is declared)

On distribution date:

Common Stock Dividend Distributable A/c Dr $4,000,000

To Common Stock A/c $4,000,000

(Being the dividend is distributed)

8 0

2 years ago

Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department fol

Helga [31]

The equivalent units for the month for the first department for material is 48,000 and for labor and overhead 46000.

What is the weighted average ?

One of three methods for valuing the stock in your company's inventory is the weighted average cost method, which establishes the average cost of all the products in your inventory based on their individual costs and the quantity of each item that is kept on hand.
The weighted average is used by businesses to calculate the amount that goes into inventory and the cost of products sold (COGS).
Due to the variety of inventory stock kinds or the same stock items being purchased at various times, a firm may pay varying costs when purchasing pieces of inventory.

Total units transferred = 42000

and, units of ending WIP = 6000(material), 4000(Labor), 4000(overhead)

So,

Equivalent units of production = 48000(material), 46000(Labor), 46000(overhead)

The equivalent units for the month for the first department for material is 48,000 and for labor and overhead 46000.

Learn more about weighted average here:

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4 0

1 year ago

What did congress do to protect consumers from monopolies, false advertising, and dishonest labeling? it established the america

alexandr1967 [171]

In order to protect consumers from unfair business practices such as false advertising, dishonest labeling and monopolies, the federal government created the Federal Trade Commission to establish and enforce regulations protecting consumers from unfair and dishonest sales practices.

4 0

3 years ago

Read 2 more answers