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EleoNora [17]
3 years ago
13

Operating expenses other than depreciation for the year were $400,000. Accrued expenses increased by $35,000. What are the cash

payments for operating expenses reported on the cash flow statement using the direct method?
Business
1 answer:
sveticcg [70]3 years ago
5 0

Answer:

$ 365,000

Explanation:

Given data:

The operating expenses for the year = $ 400,000

Increase in the accrued expenses = $ 35,000

Now,

the cash payment for the operating expenses will be calculated as the difference of the  operating expenses and the increase in accrued expenses

thus,

mathematically,

cash payment for the operating expenses = operating expenses - increase in accrued expenses

on substituting the values in the above formula, we get

cash payment for the operating expenses = $ 400,000 - $ 35,000

or

cash payment for the operating expenses = $ 365,000

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J Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in eq
Wewaii [24]

Answer:

14.58%

Explanation:

The computation of the simple rate of return is shown below:

As we know that

Simple rate of return = Annual net income ÷ Initial investment

where,

Initial investment is $32,000

And, the annual net income is

= $6,800 - ($32,000 ÷ 15 years)

= $4,667

So, the simple rate of return is

= $4,667  ÷ $32,000

= 14.58%

We simply applied the above formula

5 0
3 years ago
Suppose two cities are considering tearing down their stadiums to build new ones. In one city, the old stadium cost $5 million t
worty [1.4K]

Answer:

The correct answer is option C.

Explanation:

Two cities are planning to demolish their old stadiums and build new ones.  

Keeping everything else equal, the old stadium cost $5 million to build in one city and $50 million to build in the other.  

These construction costs are sunk costs that have been incurred and cannot be recovered. Since these costs cannot be any longer recovered they should not be considered in deciding future investments.  

7 0
3 years ago
Adnan Hassan earned 5% commission as a sales trainee. After
wel

Answer:

He earns $296780 as a Sales Trainee and $377094 as a Sales Associate

<em />

Explanation:

Given

Let x represents his sales as a sales trainee

Let x represents his sales as a sales associate

Total Sales: x + y = 673874

Total Commission: 0.05x + 0.08y = 45006.52

Required

Find x and y

Equations

x + y = 673874 --- (1)

0.05x + 0.08y = 45006.52 --- (2)

Make  y the subject of formula in (1)

x + y = 673874

y = 673874 - x

Substitute this in (2)

0.05x + 0.08y = 45006.52

0.05x + 0.08(673874 - x) = 45006.52

Open Bracket

0.05x + 53909.92 - 0.08x = 45006.52

Collect Like Terms

0.05x  - 0.08x = 45006.52 - 53909.92

- 0.03x = -8903.4

Divide through by -0.03

x = \frac{-8903.4}{-0.03}

x = 296780

Recall that

y = 673874 - x

y = 673874 - 296780

y = 377094

<em>Hence;</em>

<em>He earns $296780 as a Sales Trainee and $377094 as a Sales Associate</em>

8 0
3 years ago
Wayne is working at the overseas branch of his organization. He needs some clarification about a project. He approaches a senior
Sergio [31]

Answer:

B)High Power Distance Index

Explanation:

From the question, we are informed about Wayne who is working at the overseas branch of his organization. He needs some clarification about a project. He approaches a senior manager thinking he would get a good explanation. However, he is instructed to follow protocol and sent away. Also, he is informed that only team leads are allowed to approach senior managers. In this case, the organization has a High Power Distance Index score. The power-distance index can be regarded as way to measure acceptance of hierarchy of wealth/power by some people in a nation, business as well as culture. power-distance index helps to know how well citizen can accept authority or challenge authority of those in power.

3 0
3 years ago
True or False? Language is symbolic.
lesya692 [45]

Answer:

true

Explanation:

4 0
3 years ago
Read 2 more answers
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