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miskamm [114]
3 years ago
7

The following information is available for Windsor, Inc. for the year ended December 31, 2017. Beginning cash balance $ 45,720 A

ccounts payable decrease 3,759 Depreciation expense 164,592 Accounts receivable increase 8,331 Inventory increase 11,176 Net income 288,646 Cash received for sale of land at book value 35,560 Cash dividends paid 12,192 Income taxes payable increase 4,775 Cash used to purchase building 293,624 Cash used to purchase treasury stock 26,416 Cash received from issuing bonds 203,200 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Business
1 answer:
Diano4ka-milaya [45]3 years ago
3 0

Answer:

<em>Cash generated for the year:</em>   348,793‬

ending cash:    394,513

Explanation:

<u>Operating Activities:</u>

Net Income     288,646

depreciation <u>   164,592  </u>

adjusted          453,238

change in Working capital:

AP decrease             3,759

Tax Payable               4,775

AR increase              (8,331)

Inventory increase <u>  (11,176)  </u>

total change            (10,973)

<em>cash generated from operating activities  442.265</em>

<em />

<u>Investing Activities</u>

proceed from land        35,560

purchase of building  (293,624)

<em>cash used from investing activities 258,064‬</em>

<u></u>

<u>Financing Activities</u>

issuance of shares    203,200

TS purchase                (26,416)

dividends paid             (12,192)

<em>cash generated from financing activities  164,592</em>

<em />

<em>Cash generated for the year:</em>   348,793‬

beginning cash                             45,720

ending cash                                 394,513

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3 years ago
Marco predicts he will have $18,750 in expenses for one year of college. He expects to receive $3,450 in grants annually. How mu
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Sylvia's annual salary increases from $102,300 to $109,500. Sylvia decides to increase the number of vacations she takes from th
Vinvika [58]

Answer:

4.20 and normal good

Explanation:

The computation of the income elasticity of demand is shown below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in income ÷ average of quantity income)  

where,  

Change in income would be

= Q2 - Q1

= 109,500 - 102,300

= 7,200

And, average of income would be

= (109,500 + 102,300) ÷ 2

= 105,900

Change in quantity demanded would be

= 4 - 3

= 1

And, average of quantity demanded would be

= ($4 + 3) ÷ 2

= 3.5

So, after solving this, the income elasticity of demand is 4.20

Since the elasticity comes in positive which means the good is a normal goods

7 0
3 years ago
In the long​ run, a perfectly competitive market will A.supply whatever amount consumers demand at a price determined by the min
In-s [12.5K]

Answer: Option (A) is correct.

Explanation:

Correct Option: A.supply whatever amount consumers demand at a price determined by the minimum point on the typical​ firm's average total cost curve.

In the long run, equilibrium price of a perfectly competitive firm implies that there is no economic profit for the firm. This situation occur when the marginal cost is equal to the average total cost.

The firm is break even when the price is equal to the minimum point of average total cost of the firm. So, there is no possibility of economic profit for the firm.

5 0
3 years ago
a study by university of minnesota economist, joel waldfogel, estimated the difference in the actual monetary value of gifts rec
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The deadweight loss is $90.6.

<h3>How to calculate the loss?</h3>

The study suggested that the average recipient's valuation of the gift received was approximately 90% of the actual purchase price of the gift.

This means there's a loss of 10% in value constitute the deadweight loss.

Average amount spent on gift = $906

Percentage loss in value = 10% or 0.10

Calculate the deadweight loss -

= Average amount spent on gifts * Percentage loss in value

DWL = $906 * 0.10

The deadweight loss would be $90.6.

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A study by university of minnesota economist, joel waldfogel, estimated the difference in the actual monetary value of gifts received and how much the recipients would have been willing to pay to buy them on their own. the study suggested that the average recipient’s valuation was approximately 90% of the actual purchase price.

Calculate the deadweight loss if the average amount is $906.

8 0
1 year ago
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