Answer:
The answer is 1000 dollars.
Explanation:
In this question we are asked to calculate the cash closing balance as at 30 september. The opening cash balance that is 10000 dollars is given and, data related to the receipt and payments made in the quarter ended at september is also provide in the question.
We can easily calculate the cash balance as at 30 september with the help of accounting equation given below.
Closing Balance = Opening balance + Cash collections- Cash payments
= 10,000+ 209,000- 218,000*
= 1000$
* It include sum of all capital expenditures, operating expenses and purchases of direct material.
Answer:
15,540
Explanation:
Depletion = depletion rate x (gross income - expenses)
0.14 x ($340,000 - $229,000) = 15,540
Answer:
Consider the following analysis.
Explanation:
<u>Net Income is adjusted for below
</u>
Depreciation and amortization expense.
Revenues and expenses that did not provide or use cash.
Changes in current liabilities related to operating activities.
Gains and losses from nonoperating items.
<u>Net Income is not adjusted for:
</u>
Changes in noncurrent assets and noncurrent liabilities.
Answer:
$24,300
Explanation:
The total economic cost is the cost of doing something or buying an item along with the opportunity cost of doing something else.
Total cost= Monetary cost + Opportunity cost
Opportunity cost is defined as the forgone alternative when an individual performs an action.
In this scenario the monetary cost of the car is the maintenance of gasoline and oil. That is 200+ 100= $300
The opportunity cost is the amount the car would have been sold for, which is the forgone alternative. That is $24,000
Therefore
Total cost= 300+ 24,000
Total cost= $24,300
Answer:
Return on investment=12.81%
Explanation:
<em>Return on investment for a stock comprises of the capitals and dividend earned on the stock.</em>
<em>The capital gain is the difference between he cost of the shares when it was bought and the value when it is sold.</em>
Capital gain = (24.50 -22)× 500= 1250
Dividend earned for a year = 0.32× 500 =160
Total return = 1250 + 160 =1,410
Total return = $1,410
Cost of the shares= 11,000
Return on investment = total return/cost of shares× 100
=1,410
/11,000 × 100= 12.81
Return on investment=12.81%