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3 years ago

In preparing Marjorie Company's statement of cash flows for the most recent year, the following information is available:

Business

1 answer:

Damm [24]3 years ago

5 0

Answer: The answer is e. $264,000 of net cash provided.

Explanation:

Marjorie Company

Statement of cash flows

Purchase of equipment ($260,000)

Proceeds from sale of equipment 87,000

Purchase of land (91,000)

Net cash flows from investing activities $264,000

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Which is an example of a withholding you might see on your pay stub?

stiks02 [169]

A withholding that you can see on your pay stub could include a health insurance payment or a retirement savings.

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4 years ago

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Consider an offer to supply 5 paintings per year to an art gallery in Rome for the next five years. The contract is exclusive, m

IceJOKER [234]

Answer:

I will accept the offer if the price per painting is $56,312.41 or higher.

Explanation:

We will calculate the present value of the other option which is, selling our painting as a freelancer.

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 315,000.00

time 5

rate 0.2

$315000 \times \frac{1-(1+0.2)^{-5} }{0.2} = PV\\$

PV $942,042.8241

Now, we subtract the signing bonus of 100,000

942,042.83 - 100,000 = 842,042.83

And solve for the annual proceeds from the painting we need to equalize the opportunity cost:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 842,042.83

time 5

rate 0.2

$842042.83 \div \frac{1-(1+0.2)^{-5} }{0.2} = C\\$

C $ 281,562.03

Now, we divide by the 5 painting per year:

$281,562.03 per year / 5 painting per year = $56,312.41

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3 years ago

The short-run effects of an increase in the saving rate include a higher level of productivity.

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The short-run effects of an increase in the saving rate include a higher level of productivity, a higher growth rate of productivity, and a higher growth rate of income.

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Spruce Company uses a job costing system. Spruce Company's schedule of cost of goods manufactured showed the following amounts f

julsineya [31]

Answer:

The amount of allocated manufacturing overhead costs for August is $47,150

Explanation:

For computing the allocated manufacturing overhead costs, first we have to compute the direct labor hours which is shown below:

= Direct labor cost ÷ per hour rate

= $73,800 ÷ $36

= 2,050 hours

Now the allocated manufacturing overhead costs equals to

= Direct labor hours × Manufacturing overhead rate

= 2,050 hours × $23

= $47,150

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3 years ago

PHN Foods granted 18 million of its no-par common shares to executives, subject to forfeiture if employment is terminated within

GuDViN [60]

Answer:

A. 2019

Dr Compensation expense $30 million

Cr Paid-in capital—restricted stock $30 million

2020

Dr Compensation expense $30 million

Cr Paid in capital-restricted stock $30 million

B. $12 million

Explanation:

a. Calculation to determine What journal entry will PHN Foods prepare to record executive compensation regarding these shares at December 31, 2019 and December 31, 2020

First step is to calculate the fair value of award using this formula

Fair value of award=Fair value per option×Options granted

Let plug in the formula

Fair value of award=$5*18 million

Fair value of award=$90 million

Based on the above calculation the amount of $90 million total compensation will be expensed equally over the vesting period of 3 years thereby reducing Earnings by the amount of $30 million calculated as ($90 million/3 years) each year

Now let Prepare the journal entry

2019

Dr Compensation expense $30 million

Cr Paid-in capital—restricted stock $30 million

($90 million/3 years)

2020

Dr Compensation expense $30 million

Cr Paid in capital-restricted stock $30 million

($90 million/3 years)

b. Calculation to determine what will be the net increase in the denominator of the EPS fraction

Using this formula

EPS fraction net increase= 2020 shares - Restricted shares

Let plug in the formula

EPS fraction net increase= $30 million - $18 million

EPS fraction net increase= $12 million

Theretore what will be the net increase in the denominator of the EPS fraction iis $12 million

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3 years ago