Self doubt is a result of _____

Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been cl

Veronika [31]

Answer:

Dynamic Weight Loss Co.

Statement of Financial position as at June 30, 20Y7

Assets

Current Asset $ $

Cash 72,000

Accounts Receivable 187,500

Supplies 11,200

prepaid Insurance 8,400

Prepaid Rent 6,000

Total Current asset 285,100

Property, plant and Equipment

Land 375,000

Equipment 325,900

Accumulated Depreciation - Equipment (186,000) 514,900

Total Assets 800,000

Liabilities and Owners Equities

Current liabilities

Accounts Payable 51,200

Salaries Payable 7,500

Unearned Fees 21,000

Total liabilities 79,700

Owners Equities

Common Stock 100,000

Retained Earnings 620,300

Total Equities 720,300

Total Liabilities and Owners Equities 800,000

Explanation:

The balance sheet shows the company's assets, liabilities and equities.

Using the accounting equation

Assets = Liabilities + Equities

Total assets

= 187,500 + 325,900 - 186,000 + 375,000 + 8400 + 6000 + 11,200 + C

where C is the closing balance in the cash account

= 728,000 + C

Total liabilities

= 51,200 + 7500 + 21,000

= $79,700

Total equities

= 620,300 + 100,000

= $720,300

Since Assets = Liabilities + Equities

728,000 + C = 720,300 + 79,700

C = 720,300 + 79,700 - 728,000

C = $72,000

5 0

3 years ago

a proposed new project has projected sales of $222000, costs of $96500, and deperciation of $26100. The tax rate is 24 percent.C

Ray Of Light [21]

The question is incomplete. Here is the complete question

A proposed new project has projected sales of $222000, costs of $96500, and deperciation of $26100. The tax rate is 24 percent.Calculate operating cash flow using the four different approaches.

(Do not round intermediate calculations.)

A. EBIT+Depreciation-Taxes

B. Top-Down

C. Tax-Shield

D.Bottom-Up

Answer:

(A) $101,644

(B) $101,644

(C) $101,644

(D) $101,644

Explanation:

A proposed new project has a sales of $222,000

The cost is $96,500

The depreciation is $26,100

The tax rate is 24%

= 24/100

= 0.24

(A) Using the EBIT + Depreciation - Taxes approach, the operating cash flow can be calculated as follows

EBIT= Sales-Cost-Depreciation

= $222,000-$96,500-$26,100

= $99,400

Taxes= EBIT × tax rate

= $99,400 × 0.24

= $23,856

EBIT + Depreciation - Taxes

$99,400+$26,100-$23,856

= $125,500-$23,856

= $101,644

(B) Using the Top down approach, the operating Cash flow can be calculated as follows

Top down= Sales-Cost-Taxes

= $222,000-$96,500-$23,856

= $101,644

(C) Using the tax shield approach, the operating cash flow can be calculated as follows

Tax shield= (sales-cost)×(1-Tax rate)+(depreciation×tax rate)

= ($222,000-$96,500) × (1-0.24) + ($26,100×0.24)

= 125,500×0.76+6,264

= $101,644

(D) Using the bottom up approach, the operating cash flow can be calculated as follows

Bottom up = NI + depreciation

NI=EBIT-Taxes

= $99,400-$23,856

= $75,544

Bottom up=$75,544 + $26,100

= $101,644

3 0

3 years ago

The break even income would be level

Anton [14]

The answer would be 2 (C). As break-even the point at which cost and income are equal and there is neither profit nor loss also : a financial result reflecting neither profit nor loss. break-even.

I hope it helped you!

5 0

3 years ago

When new technology for the more efficient production of peanut butter was implemented, the supply curve for peanut butter

stellarik [79]

Answer:

shifted to the right

Explanation:

the supply curve for peanut butter shifted to the right

5 0

3 years ago

Read 2 more answers

Broussard Skateboard's sales are expected to increase by 25% from $8.6 million in 2016 to $10.75 million in 2017. Its assets tot

FrozenT [24]

Answer:

the additional funds needed is $667,500

Explanation:

The computation of the additional funds by using AFN is shown below:

AFN is

= Increase in assets - increase in liabilities - addition to retained earnings

= ($4,000,000×25%) - ($900,000 × 25%) - 10,750,000 × .04( 1 - 0.75)

= $1,000,000 - $225,000 - $107,500

= $667,500

hence, the additional funds needed is $667,500

We simply applied the above formula so that the correct value could come

And, the same is to be considered

7 0

3 years ago

Self doubt is a result of ______.