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kvv77 [185]
3 years ago
12

A company reported total assets at the end of 2017 of $95,000; including cash of $35,000, accounts receivable of $20,000, and in

ventory of $40,000. It reported total assets at the end of 2018 of $110,000; including cash of $44,000; accounts receivable of $29,000, and inventory of $37,000. Compute the net increase or decrease in cash in 2018. Decrease of $9,000 Increase of $15,000 Increase of $9,000 Decrease of $15,000
Business
1 answer:
tino4ka555 [31]3 years ago
7 0

Answer:

The correct option is increase of $9,000

Explanation:

The increase or decrease in cash in 2018 could be determined by using the formula below which is coined from the statement of cash flow:

Cash at the end of the year=cash at the beginning plus +increase in cash

cash at the end of 2018 is $44,000 whereas cash at the beginning which is the same at closing balance of 2017 is $35,000

$44,000=$35,000+increase in cash

increase in cash =$44,000-$35,000

increase in cash in 2018=$9,000

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The following information relates to Kew Company's Vale Division for last year: sales .................................. $500,00
-Dominant- [34]

Answer:

$114,000

Explanation:

The computation of the residual income is shown below:

As we know that

Residual Income = Net operating Income - Average Operating assets × Required rate of return

where,

Net Operating Income is

= Sales Revenue - Variable Costs - Fixed Costs

= $500,000 - $300,000 - $50,000

= $150,000

And,

Average operating Assets is

= Net Operating Income ÷ Return on Investment

= $150,000 ÷ 0.25

= $600,000

So, the residual income is

= $150,000 - $600,000 × 6%

= $150,000 - $36,000

= $114,000

3 0
3 years ago
If an account has a credit balance it means​
Brums [2.3K]

Answer:

If the total of your credits exceeds the amount you owe, your statement shows a credit balance. This is money the card issuer owes you. You can call your card issuer and arrange to have a check sent to you in the amount of the credit balance.

Explanation:

Hope this help!!

6 0
2 years ago
Alpha Ltd has appointed you as a manager in the budgeting department. The company has provided the following information to prep
nasty-shy [4]

Answer and Explanation:

The preparation of the cash flow budget is presented below:

                                   Cash Flow Budget

Particulars    Jan 2021      Feb 2021 Mar 2021      Apr 2021 May 2021      Jun 2021

Opening Balance $1,000 $1,400 $2,000 $4,600 $8,300 $11,700

Sales        $4,000          $4000 $6,000      $7,500  $7,500  $7,500

   (2,000 ×  2)         (2,000 ×  2)       (2,000 ×  3)    (2,500 ×  3)  (2,500 ×  3)  (2,500 ×  3)

Total Cash Inflow  $5,000 $5,400 $8,000 $12,100 $15,800 $19,200

Less: Cash payments

Less: Bonus to employees $1,000 $800     $800   $800   $1,500 $1,500

(5,000 × 20% )   (4,000 × 20% )   (4,000 × 20% )  (4,000 × 20% )  (7,500 × 20% )   (7,500 × 20% )

Less: Overhead Cost 2,000 2,000 2,000 2,000 2,000 2,000  

Less: Direct material & Direct Labor 500      500    500    500   500 500  

Less: Fixed Cost 100 100 100 100 100 100  

Net cash generated  (A) 400  600  600  4100  3400  3400  

Opening Cash balance (B)  1000  1400  2000  2600  6700  10100  

Closing Balance (A+B)  1400 2000 4600 8300 11700 15100

Balance as on 30 June 2021 = 15100

We simply deduct all cash payments from the all cash receipts so that the ending balance or closing balance could come

3 0
3 years ago
Identify the major transportation improvements in this period, and explain how they influenced the market economy.
kramer
In the first half of the nineteenth century, the steamboat, canal, railroad and telegraph were presented. This made transportation a great deal less expensive and quicker for organizations. It additionally connected agriculturists to national markets. The railroad gave employments to such huge numbers of Americans, despite the fact that many were foreigners. Telegraph made it conceivable to impart cross country, in any event quicker than mail would. It was for the most part utilized for organizations. Each of the four of these innovations twisted America out of its monetary past by making exchange/business speedier, less expensive, and more productive.
7 0
2 years ago
In an effort to save money for early retirement, an environmental engineer plans to deposit $1200 per month starting one month f
Aleks [24]

Answer:

$1,099,203.00

Explanation:

In this question we have to find out the future value that is shown in the attachment below:

Provided that

Present value = $0

Rate of interest = 8%  ÷ 2 = 4%

NPER = 25 years  × 2 = 50 years

PMT = $1,200 × 6 months = $7,200

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the future value is $1,099,203.00

8 0
3 years ago
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