What to do with office space to make money? How would you arrange them?

Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 2018 Sales $ 19,049 $ 18,918 Depre

marin [14]

Cash Flow from Assets:

Ending Balance of Assets in 2017...........................................................$77760

Add: Depreciation........................................................................................$2534

Less: Beginning Balance of Assets.........................................................($72884)

CashOut Flow ..................................................................................................$7410

Cash flow to creditors

Ending Balance of Creditors...................................................................$6790

Less: Beginning Balance of Creditors.................................................$6299

Less: Purchases (From Inventory)........................................................$8184

Cash Flow to AP............................................................................................$7693

Purchases from Inventory:

Ending Balance of Inventory....................................................$21912

Add: Cost of Goods Sold................................................................$6781

Less: Beginning Balance of Inventory.....................................($20509)

Purchases......................................................................................$8184

Cash flow to stock holders:

While Preparing Accounting Equation for 2017 as below:

Assets-Liabilities=Eq Shareholders

113632-37233=$76399

While Preparing Accounting Equation for 2018 as below:

Assets-Liabilities=Eq Shareholders

122701-43835=$78866

Net Income for 2018

Sales 18918

Less: Dep (2534)

Less: COGS (6781)

Less:Other Exp (1203)

Less: Interest (1350)

Net Income before tax 7050

Less Tax..............................(1480)

Net Income.....................5569.5

Beginning Balance of Shareholders...................................................$76399

Add: Net income....................................................................................$5569.5

Less: Dividend.........................................................................................($2364)

Less: Ending Balance...........................................................................($78866)

Cash to Shareholders........................................................................$738

6 0

3 years ago

If a gain of $7,600 results from selling (for cash) office equipment having a book value of $55,100, the amount reported in the

Alisiya [41]

The amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.

<h3>Cash flow from operating activities sections:</h3>

Based on the information given the amount that will be reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is the gain amount of $7,600.

This gain is the gain from selling office equipment and this amount must be deducted from net income in the operating activities section of the statement of cash flows.

The reason why we have to deduct the $7,600 is because under accrual basis of accounting the amount represent a noncash addition to net income.

Inconclusion the amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.

Learn more about cash flow from operating activities sections here:brainly.com/question/25530656

3 0

2 years ago

Many economists propose finding ways to include the harmful environmental and health costs of producing and using goods and serv

Stella [2.4K]

Answer:

correct answer is full cost pricing

Explanation:

this practice called as full cost pricing

because full cost pricing is that when the price of any product is calculate by an organization on the base of per unit direct cost of output and we add there markup for cover the overhead cost and profit

so here Full cost pricing also including harmful environmental effect and the health cost of the goods and services in market price

so correct answer is full cost pricing

8 0

3 years ago

Production data: Pounds in process, May 1; materials 100% complete; conversion 90% complete 88,000 Pounds started into productio

Zarrin [17]

Answer:

1. materials = 569,000 units , conversion = 556,000 units

2. materials = $1.15 , conversion = $0.70

3. materials = $44,850 , conversion = $18,200 , total = $63,050

Explanation:

For this question, i will assume that the Weighted Average Cost Method is used since we do not have information on the specific method applied by this company.

Calculation of the equivalent units of production for materials and conversion.

1. Materials

Closing Work in Process (65,000 × 60%) = 39,000

Completed and Transferred to Finished Goods = 530,000

Equivalent units of production for materials = 569,000

2. Conversion Costs

Closing Work in Process (65,000 × 40%) = 26,000

Completed and Transferred to Finished Goods = 530,000

Equivalent units of production for materials = 556,000

Calculation of the cost per equivalent unit for materials and conversion

Remember :

Cost per equivalent unit = Total Costs ÷ Total Equivalent units

therefore,

1. Materials

Cost per equivalent unit = ($ 106,000 + $ 551,120) ÷ 569,000

= $1.15

2. Conversion Costs

Cost per equivalent unit = ($ 59,700 + $ 328,230) ÷ 556,000

= $0.70

Calculation of the cost of ending work in process inventory for materials, conversion, and in total

Materials ($1.15 × 39,000) = $44,850

Conversion Costs ($0.70 × 26,000) = $18,200

Total cost of ending work in process = $63,050

3 0

3 years ago

At what age does the "settling" process begin with regard to height?

GarryVolchara [31]

Had to look for the options and here is my answer. The age when the "Settling" process starts in relation to height is 55 YEARS OLD. This is the stage of a person when one reaches middle adulthood. The settling process refers to that event when the the bones that are connected to the spinal column reduces its density.

7 0

3 years ago