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Sliva [168]
3 years ago
7

Rodriguez Tint, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following incomestatement:

Business
1 answer:
nalin [4]3 years ago
4 0

Answer:

RODRIQUEZ Tint Inc

Statement of Cash flows

Operating Activities

Net Loss                                                             $(50,600)

Add Income tax expenses                                   6,000

Interest expenses                                                 16,400

Net loss before tax                                             (28,200)

Non-cash items

Depreciation                            7,000

Loss on sales of plant            <u> 5,100  </u>                 12,100

Changes in working capital

Decrease in current asset        2,100

Increase in current liabilities   <u>  1,200  </u>            <u>  3,300</u>

Cash used for operating activities                  <u>  ( 12,800)</u>

The correct answer is $(12,800)

Explanation:

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navik [9.2K]

Answer:

Throughout her retirement plan, Lena will still have $206,673.13.

Explanation:

The given values are:

Annual Interest Rate

= 12.00%

Monthly Deposit

= $110

Period

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Monthly Interest Rate

= 1.00%

Now,

The Accumulated Deposits will be:

⇒  110\times 1.01^{299} + 110\times 1.01^{298}+....+ $110\times 1.01 + $110

⇒  \frac{110\times  (1.01^{300} - 1)}{0.01}

⇒  110\times 1,878.846626

⇒  206,673.13  ($)

8 0
3 years ago
Flora, who owns and operates Garden Fresh Organic Farms, agrees to sell Harvesters Grocery a minimum quantity of fresh fruits an
Phoenix [80]

Answer:

The contract is breached.

Explanation:

A contract is a binding agreement between two parties, where the parties involved are bound to observe the terms mutually decide, no matter what changes occur.

When Flora made a contract with the grocery to sell her products at a certain price, she was bound to do so, irrespective of changes in price level. Since, she does not observes the terms of the contract, the contract is breached.

5 0
4 years ago
Your hospital is planning neonatal resuscitation program training and trying to decide who should be included. for every deliver
STatiana [176]
The person that should be available in every delivery is someone who has the capability of performing the resuscitation and the person who has the capacity to take care of the baby. It is important to have this person in order to provide the needed assistance that needs to be perform in the patient.
3 0
3 years ago
The Crestar Company reported net income of $112,000 on 20,000 average outstanding common shares. Preferred dividends total $12,0
AlexFokin [52]

Answer:

Price earnings ratio = 19 times.

Explanation:

Price earning ratio is calculated as for the common equity, as the earnings on preference share is fixed.

Accordingly, the earnings for equity = Net income - preference dividend = $112,000 - $12,000 = $100,000

Number of shares outstanding = 20,000

Earnings per share = $100,000/20,000 = $5 per share.

Selling price of the share = $95

Thus, price earnings ratio = $95/$5 = 19 times.

This reflects that the 19 times of earnings is the price of share.

7 0
3 years ago
A petty cash fund was established with a $150 balance. It currently has cash of $25 and petty cash tickets as follows: Office ex
Reil [10]
The correct and final answer is B because credit to cash makes more sense then the other answers
5 0
4 years ago
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