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2 years ago

The accounting staff of Wyoming Outfitters, Inc.,has assembled the following information for the year ended December31, 2015:

Business

1 answer:

lbvjy [14]2 years ago

6 0

Answer:

statement of cash flows under direct method.

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:

Operating Activities (Direct Method)
Investing Activities
Financing Activities

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Current information for the Healey Company follows: Beginning raw materials inventory $ 29,200 Raw material purchases 74,000 End

Rzqust [24]

Answer:

cost of goods manufactured= $167,800

Explanation:

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

First, we need to determine the direct material used in production:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 29,200 + 74,000 - 30,600= 72,600

cost of goods manufactured= 36,400 + 72,600 + 56,800 + 44,000 - 42,000

cost of goods manufactured= $167,800

3 0

2 years ago

The required return on the stock of Moe's Pizza is 10.8 percent and aftertax required return on the company's debt is 3.40 perce

garik1379 [7]

Answer:

The required return for the new project is 6.87%

Explanation:

In order to calculate the required return for the new project we would have to calculate the Weighted Average Cost of Capital (WACC) adjusted by risk adjustment factor .

The Weighted Average Cost of Capital (WACC) = [After Tax Cost of Debt x Weight of Debt] + [Cost of equity x Weight of Equity]

After -tax Cost of Debt = 3.40%

Cost of Equity = 10.80%

Weight of Debt = 0.39

Weight of Equity = 0.69

Therefore, the Weighted Average Cost of Capital (WACC) = [After Tax Cost of Debt x Weight of Debt] + [Cost of equity x Weight of Equity]

= [3.40% x 0.39] + [10.80% x 0.69]

= 1.32% + 7.45%

= 8.77%

The required return for the new project = Weighted Average Cost of Capital – Risk Adjustment Factor

= 8.77% - 1.90%

= 6.87%

The required return for the new project is 6.87%

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3 years ago

Of the following fuels used on a large scale in the last century to supply energy, which began to be utilized most recently?

andrew11 [14]

Coal is the fuel that is being used on a large scale in the last century to supply energy, which began to be utilized most recently.
Before coal are used to run a train and steam engines. Coal are used to cook foods and there are other things.

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3 years ago

Suppose that the price of sushi take-out, a substitute, decreases in price. what will happen to the demand for chinese take-out?

omeli [17]

Suppose that the price of sushi take-out, a substitute, decreases in price. What will happen to the demand for Chinese take-out? The demand for Chinese take-out will likely decrease as a substitute is cheaper. Those we are okay with substituting one item with another are often after the price the items sell out versus exactly what the want from the item. Since they are substitutes, more people will likely get the cheaper option, Sushi take-out.

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3 years ago

Suri is graduating from college soon and has been contemplating her career choices. She is graduating with a bachelor’s degree i

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3 years ago

Read 2 more answers