Is eminent domain reserved only for the federal government

Burns Corporation's net income last year was $98,300. Changes in the company's balance sheet accounts for the year appear below:

klio [65]

Answer:

a. $131,900

b. -$85,200

c. -$26,200

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

a. Cash flow from Operating activities - Indirect method

Net income $98,300

Adjustment made:

Add : Depreciation expense $32,200

Less: Increase in accounts receivable -$13,400

Add: Decrease in inventory $16,500

Less: Decrease in accounts payable -$18,700

Add: Increase in income tax payable $4,300

Add: Increase in accrued liabilities$17,100

Less: Increase in prepaid expenses -$4,400

Total of Adjustments $33,600

Net Cash flow from Operating activities $131,900

b. Cash flow from Investing activities

Purchase of Long-term investments - $10,300

Purchase of Property, plant, and equipment -$74,900

Net Cash flow from Investing activities -$85,200

c. Cash flow from Financing activities

Cash dividends declared and paid -$4,200

Repayment of bonds payable -$64,800

Issuance of common stock $42,800

Net Cash flow from Financing activities -$26,200

4 0

4 years ago

How do systems serve different management groups in a business and how do systems that link the enterprise improve organizationa

Mademuasel [1]

Answer:

In simple words, Enterprise apps are created to bring together a variety of activities and procedures. To facilitate coordination and decision-making, enterprise systems combine a company's major internal business operations into an unified software platform . Supply chains administration software assists a company in managing its relationships with vendors in order to improve product planning, procurement, production, and supply of commodities.

3 0

3 years ago

Redwoods Company designs and builds exotic furniture for individual customers. On March 1, there were two jobs in process: Job 4

MrMuchimi

Answer:

c. $70,500

Explanation:

The computation of the total work in process account is shown below:

For Job 400

= Beginning balance + direct material + direct labor cost + overhead cost

= $23,000 + $6,000 + $4,000 + $2,000

= $35,000

The overhead = $4,000 × 50% = $2,000

For Job 402

= Beginning balance + direct material + direct labor cost + overhead cost

= $6,000 + $10,000 + $13,000 + $6,500

= $35,500

The overhead = $13,000 × 50% = $6,500

Now the total work in progress would be

= $35,000 + $35,500

= $70,500

7 0

3 years ago

A manufacturing company is thinking about building a new factory. The factory, if built, will yield the company $300 million in

lara31 [8.8K]

Answer:

lower than 4.53%

Explanation:

To determine whether the project is viable, we will use the Internal Rate of Return (IRR). This is the rate at which the Net Present Value (NPV) becomes Nil. In other words, the point at which the discounted net cash outflows are equal to the discounted net cash inflows

In this question, there is one outflow of cash worth $220 million at the start of the project (t=0) and one inflow of $300 million in 7 years.

To calculate IRR, we will use the following formula:.

220 = [300 / ((1+r)^7)]

Solving for r, we find that the interest rate is 4.53%.

Given the cash flows, the project should be accepted at all rates below 4.53% as it will create value for the company.

6 0

4 years ago

In what way is the mississippi college savings account program helping to bridge the economic divide?

3241004551 [841]

Answer:

The mississippi college savings account program helps children save for more expensive schools by starting a savings account at a very young age.

The Mississippi College Savings Account Plan is helping bridge the economic drive by allowing the students to become familiar with the banking service, getting them used to the banking system and saving accounts.

4 0

3 years ago