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kiruha [24]
3 years ago
12

What type of activity is the purchase of equipment for cash?

Business
1 answer:
RSB [31]3 years ago
6 0
<span>Acquisition or Procurement is the means on how equipment is bought for businesses and the military. However for peoples own personal use, shopping is the more common everyday word.</span>
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Brodrick Company expects to produce 20,000 units for the year ending December 31. A flexible budget for 20,000 units of producti
notka56 [123]

Answer:

For 20,000 units, we have 170,000

For 26,000 units, we have 266,000

Explanation:

Here, we are to calculate the expected level of income from operations.

Formulas that can come in handy from the table are;

Variable amount per unit = sales/number of units

contribution margin = Sales - Variable cost

Income from operations = Contribution margin - fixed cost

Please, kindly checked attached image for tabulated result calculations.

6 0
3 years ago
Woodland Company declared a cash dividend of $2.00 per share on 50,000 shares of common stock on July 15. The dividend is to be
sergiy2304 [10]

Answer:

Entry's

                                                          Debit                             Credit

Retained earnings                              100,000

Dividend payable                                                                    100,000

Explanation:

Because the dividend is declared in July but not paid in July the entry in July will be of dividend payable and not cash, dividend payable will be credited as it is a liability which is increasing and we credit when a liability increases. Secondly we will debit retained earnings because the dividends will be paid from the retained earnings and whenever retained earnings decrease we debit them. We calculate the amount by multiplying the number of shares by the dividend per share (50,000*2) = 100,000

3 0
4 years ago
What retirement plans rely on the power of compound
Julli [10]
The plans are that when you retire they would put your money in your accont give you a medical plan and split things equaly wend you die but they would split it up to your wife and kids plz mark brainliest and give thans
5 0
4 years ago
Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.63 percent and semiannual payments. The bond mature
Butoxors [25]

Answer:

Market price of Bond = $4603.116669 rounded off to $4603.12

Explanation:

To calculate the price of the bond, we need to first calculate the coupon payment per period. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = 5000 * 0.0363 * 1/2 = $90.75

Total periods (n)= 23 * 2 = 46

r = 4.17% * 1/2 = 2.085% or 0.02085

The formula to calculate the price of the bonds today is attached.

Bond Price = 90.75 * [( 1 - (1+0.02085)^-46) / 0.02085]  +  5000 / (1+0.02085)^46

Bond Price = $4603.116669 rounded off to $4603.12

7 0
3 years ago
You are given the following information: sales, $260; expenses other than depreciation, $140; depreciation expense, $50; margina
masha68 [24]

Answer:

See below

Explanation:

1. The net cash after-tax cash flow effect of the preceding information of using the indirect method.

First, we need to calculate the pretax income.

Pretax income = Sales - Expenses other than depreciation - depreciation expense

Pretax income = $260 - $140 - $50 = $70

Also,

Tax expense = 35% × pretax income $70 = $24.5

Therefore, the indirect method would be;

Pretax income

$70

Less:

Tax expense

($24.5)

After tax income

$45.5

Add:

Depreciation expense

$50

After-tax cash flow

$95.5

Direct method

After tax cash operating income

[($260 - $140 - $50) × (1 - tax rate 35%)]

$45.5

Add :

Depreciation expense

$50

After tax cash flow

$95.5

5 0
3 years ago
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