Answer: (1) $61,495
(2) $17,200
(3) $5,400
Explanation:
Given that,
sales = $275,000
costs = $188,000
other expenses = $7,900
depreciation expense = $15,200
interest expense = $13,600
taxes = $17,605
dividends = $10,500
new equity issued = $5,100
Net new long-term debt = $3,600
EBIT = sales - depreciation expense - costs - other expenses
= $275,000 - $15,200 - $188,000 - $7,900
= $63,900
EBT = EBIT - Interest
= $63,900 - $13,600
= $50,300
EAT = EBT - Taxes
= $50,300 - $17,605
= $32,695
Retained earnings = EAT - Dividends
= $32,695 - $10,500
= $22,195
(1) operating cash flow = EBIT - Taxes + depreciation expense
= $63,900 - $17,605 + $15,200
= $61,495
(2) cash flow to creditors = Interest - Net new long-term debt
= $13,600 - (-$3,600)
= $17,200
(3) cash flow to stock holders = Dividend - net new equity
= $10,500 - $5,100
= $5,400
Answer:
The only person liable for the goods purchased is Alex because he was the person that made the purchases.
Explanation:
Alex is to be held liable because he was authorized to make the purchase. A single member of an unincorporated association is liable for the debts of the organization if they are given authorization to execute a specific act which is seen in this case here.
Answer:
See explanation
Explanation:
(a) Assets are understated - If we do not adjust accrued revenue, the assets are understated. For example - if we do not add any outstanding rent revenue, the assets will become understated.
(b) Liabilities are overstated - If we do not adjust unearned revenue, the liabilities are overstated. For example - if we do not deduct any expired unearned revenue, the liabilities will become overstated.
(c) Liabilities are understated - If we do not adjust accrued expense, the liabilities are understated. For example - if we do not add any outstanding rent expense, the liabilities will become understated.
(d) Expenses are understated - If we do not adjust accrued expense and prepaid expense, the expenses are understated. For example - if we do not add any outstanding rent expense and expired prepaid expenses, the expenses will become understated.
(e) Assets are overstated - If we do not adjust prepaid expense, the assets are overstated. For example - if we do not deduct any expired prepaid insurance, the assets will become overstated.
(f) Revenue is understated - If we do not adjust accrued revenue and unearned revenue, the revenue is understated. For example - if we do not add any outstanding rent revenue and expired unearned revenue, the revenue will become understated.
Answer:
Explanation:
Q(8) =15 - 0.5 x 10 - 0.8 x 8 = 15-5-6.4=3.6
Q(10) =15 - 0.5 x 10 - 0.8 x 10 =15-5-8= 2
Cross Elasticity = -0.2 / 0.8 = -0.4
Answer:
External.
Explanation:
The external factors in an organization, are all factors of its macroeconomic environment, and which directly or indirectly influence the results of its business, some of these factors can be: capital, inflation, technological changes, political changes, social changes, etc.
It is essential that managers establish in their strategic plans the external environment, so that there is security and control to deal with unexpected changes that can affect the profitability of a company, it is necessary to have control of capital, assets and liabilities, in addition to consider the changes that may occur and are not controllable.
