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katovenus [111]
2 years ago
14

Jasper's income statement reports revenue from investments that lack significant influence of $10,000, and its balance sheet rep

orts that dividends receivable decreased by $1,500. How much will Jasper report as cash received from investments
Business
1 answer:
Lelu [443]2 years ago
3 0

$11,500.A dividend is a payment made to a particular class of shareholders from a portion of a company's earnings. The company's board of directors makes and administers dividend decisions, but they require shareholder approval through the exercise of their voting rights.

<h3>What does the term "dividend" mean to you?</h3>
  • The company distributes its net profits to its shareholders in the form of dividends.
  • A dividend is one way a business can thank its shareholders for maintaining their faith in it.
  • A dividend is a benefit given to shareholders by publicly traded companies, and it is funded by the latter's net profit.
  • These incentives, which can take the form of cash, cash equivalents, shares, etc., are typically paid from the remaining portion of profit after all necessary expenses have been covered.

To know more about Dividends check this out:https://brainly.com/question/28044310

#SPJ4

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On November 30, 2020, a U.S. company purchased merchandise on credit from a Swiss supplier at an invoice price of CHF1,000, when
Ivanshal [37]

Answer:

The merchandise should be reported on the U.S. Company's December 31, 2020 balance sheet at:

b. $1,050

Explanation:

a) Data and Calculations:

November 30, 2020 Inventory purchase = CHF1,000

Exchange rate on this date = $1.05/CHF

Inventory worth = $1.05 * CHF1,000 = $1,050

b) The inventory should be reported on December 31, 2020 at $1,050.  It does not need to be reported at a value above or below this.  Even, the debt owed to the Swiss supplier will be reported at this price.  It is when payment for the invoice is being made on February 1, 2021 that consideration will be given to the exchange rate at which payment is made.

5 0
3 years ago
What is the opportunity cost in this scenario?
adoni [48]
An opportunity cost is defined as the loss of a potential gain from going with another alternative. The opportunity costs in this situation are everything that Harry gave up, to see his parents. Although he gained the dinner with his parents that ha hadn't seen in awhile, he gave up a lot of other options on how he spent his weekend.
8 0
3 years ago
Computing first-year depreciation and book value At the beginning of the year, Austin Airlines purchased a used airplane for $33
irakobra [83]

Answer:

1. a. $560,000

  b. $13,400,000

  c. $7,700,000

Explanation:

The computation of the depreciation expense and the year end book value for the first year is shown below:

a) Straight-line method:

= (Purchase value of airplane - residual value) ÷ (useful life)

= ($33,500,000 - $5,500,000) ÷ (5 years)

= ($28,000,000) ÷ (5 years)  

= $560,000

In this, the depreciation expense is same for all the remaining useful life

(b) Double-declining balance method:

First we have to find the depreciation rate which is shown below:

= Percentage ÷ useful life

= 100 ÷ 5

= 20%

Now the rate is double So, 40%

In year 1, the original cost is $33,500,000, so the depreciation is $13,400,000 after applying the 40% depreciation rate

(c) Units-of-production method:

= (Purchase value of airplane - residual value) ÷ (estimated miles)  

= ($33,500,000 - $5,500,000) ÷ ($4,000,000 miles)

= ($28,000,000) ÷ ($4,000,000 miles)  

= $7 per miles

Now for the first year, it would be  

= Expected miles in first year × depreciation per miles

= 1,100,000 miles × $7 per miles

= $7,700,000

Now the book value would be

Straight-line method:

= Acquired value of a plain - accumulated depreciation  

= $33,500,000  -  $560,000

= $32,940,000

Double-declining balance method:

= Acquired value of a plain - accumulated depreciation  

= $33,500,000  - $13,400,000

= $20,100,000

Units-of-production method:

= Acquired value of a plain - accumulated depreciation  

= $33,500,000  - $7,700,000

= $25,800,000

5 0
3 years ago
32. On December 31, 2016, Wellstone Company reported net income of $70,000 and sales of $210,000. The company also reported begi
Rom4ik [11]

Answer:

$205,000

Explanation:

Sales = $210,000

Opening accounts receivables = $20,000

Ending accounts receivables = $25,000

Using the formula

Opening accounts receivables + Sales -  Cash collected = closing accounts receivables

$20,000 + $210,000 - Cash collected = $25,000

Cash collected = $20,000 + $210,000 -  $25,000

                         = $205,000

The cash collected from sales reduces the balance in the accounts receivables.

7 0
3 years ago
The accounting staff of Wyoming Outfitters, Inc.,has assembled the following information for the year ended December31, 2015:
lbvjy [14]

Answer:

<u>statement of cash flows under direct method.</u>

Cash flow from Operating Activities

Cash received from customers                              835,000

Cash paid to suppliers and employees               (606,000)

Cash Generated From Operations                        229,000

Interest paid                                                              (19,000)

Income taxes paid                                                   (70,000)

Net Cash from Operating Activities                       140,000

Cash flow from Investing Activities

Cash paid to acquire plant assets                          (23,000)

Loans made to borrowers                                         (5,200)

Interest and dividends received                              32,400

Proceeds from sales of plant assets                         9,000

Net Cash from Investing Activities                           13,200

Cash flows from Financing Activities

Proceeds from short-term borrowing                      10,000

Collections on loans (excluding interest)                 4,000

Dividends paid                                                        (53,000)

Net Cash used in Financing Activities                   (39,000)

Net Cash Flow Movement During the Year            114,200

Add Cash and cash equivalents, Jan. 1                   35,800

Cash and cash equivalents, Dec. 31                       150,000

Explanation:

Show Cash flow resulting from:

  1. Operating Activities (Direct Method)
  2. Investing Activities
  3. Financing Activities
6 0
3 years ago
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