What is the value of capital stock for the company based on the information provided?

Bird Brain Co. reported net income of $45,000 for the year ended December 31, 2016. January 1 balances in accounts receivable an

Alika [10]

Answer:

Option (A) is correct.

Explanation:

Cash flow from Operating Activities:

= Net income + (Beginning Accounts receivable - Ending Accounts receivable) + (Ending Accounts payable - Beginning Accounts payable)

= $45,000 + ($23,000 - $22,000) + ($28,000 - $26,000)

= $45,000 + $1,000 + $2,000

= $48,000

Therefore, Bird Brain's cash flows from operating activities would be $48,000.

5 0

3 years ago

McDonald's is testing the Crispy Chicken Sandwich in two markets. McDonald's franchisees have asked for a Southern-style chicken

ycow [4]

Does not reflect the marketing condition in the new products projected market area is the greatest danger to McDonald's is in choosing a test-site city.

<h3>What market area means?</h3>

A market area is a surface that displays the demand or supply for a specific item. It covers the locations where a factory's products are sent, while it is the tributary area from which a retail store pulls its clients.

Different areas of marketing are Digital marketing, Content marketing, Social media marketing, Visual marketing, Search engine marketing, Influencer marketing.

Thus, it does not reflect the condition of new project.

For more details about market area, click here

brainly.com/question/14773888

#SPJ1

5 0

2 years ago

California Adventures issues 5,000 shares of 8%, $100 par value preferred stock at the beginning of 2020. All remaining shares a

never [62]

Answer:

See below.

Explanation:

Since the preferred stock is not cumulative only the current years' dividend is payable on these stocks.

Preferred stock dividend = (5000 * 100) * 0.08 = $40,000

Of the declared dividend of $100,000,

Preferred Dividend = $40,000

Ordinary share dividend = $60,000

If the shares were cumulative, the prior year dividends would also be payable form the declared dividends bringing the total preferred dividend to $80,000.

Hope that helps.

3 0

2 years ago

Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Con

yarga [219]

Answer:

Ending cash balance is -$41,000.

Explanation:

This can be prepared as follows:

Nathan Herrmann

Cash Flow Statement

for the year ended ...

Details $ $

Net income 69,000

Adjustment to reconcile net income

Depreciation expense 13,000

Loss on sale of land 12,000

(Increase) decrease in current assets

Increase in inventory (35,000)

Increase in prepaid rent (7,500)

Increase in accounts receivable (47,000)

Increase (decrease) in current liabilities:

Increase in accounts payable 15,000

Net cash from operating activities 19,500

Cash flows from investing activities:

Cash received from the sale of land 7,500

Purchase of equipment (229,000)

Net cash flows from Investing activities (221,500)

Cash flows from financing activities: 

Payment of dividends (31,000)

Repayment of notes payable (49,000)

Issuance of common stock 241,000

Net cash from financing activities 161,000

Increase / (Decrease) in cash (41,000)

Beginning cash balance -

Ending cash balance  (41,000) 

7 0

3 years ago

Grain's alternative corporation has a predicted operating income of 80,000. The managerial accountant reported that total variab

dexar [7]

Answer:

Number of units needed to reach the operating income of 80,000: 5,200 units

Explanation:

Please find the below for detailed calculations and explanations:

To achieve $80,000 of operating income, denote the number of units needs to be sold is x.

For each unit sold, the incremental in profit will be 20.

Thus, to achieve the profit of 80,000, the amount of x units sold will generate the profit before fixed cost that covers 24,000 fixed cost and 80,000 targeted profit. So, we have:

80,000 + 24,000 = 20x <=> x = 5,200 units.

* For quick calculation purpose, we may apply the formular: Units need to be sold to achieve targeted income = (Fixed cost + targeted income)/ Contribution margin per unit in monetary form.

8 0

3 years ago