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3 years ago

What amount of cash did the company pay for salaries during the month?

Business

1 answer:

worty [1.4K]3 years ago

3 0

I need to know the numbers in order to help you.

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The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its n

Dmitrij [34]

Answer:

$9,600,000

Explanation:

The computation of the projected operating cash flow is given below:

= EBIT × (1 - tax rate) + depreciation expense

where

EBIT should be

= $20,000,000 - $8,000,000 - $6,000,000

= $6,000,000

Now the operating cash flow should be

= $6,000,000 × (1 - 0.40) + $6,000,000

= $3,600,000 + $6,000,000

= $9,600,000

4 0

3 years ago

The Whistling Straits Corporation needs to raise $91 million to finance its expansion into new markets. The company will sell ne

qaws [65]

Answer:

The Whistling Straits Corporation needs 1,498,000 shares to be sold to raise $91 million.

Explanation:

Total Finance Needed = $91,000,000

Offer price per share = $65 per share

Charges of underwriter = 7%

Total Number of shares needed to be sold = ( $91,000,000 / $65 ) x 107%

Total Number of shares needed to be sold = 1,400,000 x 107%

Total Number of shares needed to be sold = 1,498,000 shares

The Whistling Straits Corporation needs 1,498,000 shares to raise $91 million.

3 0

3 years ago

The direct labor budget begins with the required production in units from the production budget.

miv72 [106K]

I believe the Answer is false

6 0

3 years ago

Max bought a ticket to the championship baseball game for $170. Someone approaches him outside the stadium and offers him $365 f

Zinaida [17]

Answer:

<h2>The answer in this instance, would be option a. or $365.</h2>

Explanation:

In this case, the original price of the baseball game ticket is $170 as paid by Max to buy the ticket and someone offered $365 to sell his ticket to that person.
Note that Max is basically giving up or sacrificing the opportunity of earning $365 as he decides to attend the game and not sell his ticket.
Therefore,in this case, the opportunity cost of attending the game by personally purchasing the ticket to Max would be $365 as he is foregoing the opportunity to earn additional $365 by refusing to sell his ticket and go to the game instead.

7 0

3 years ago

Roberts Corp. reports pretax accounting income of $208,000, but due to a single temporary difference, taxable income is only $15

goblinko [34]

Answer:

The answer is given below;

Explanation:

Temporary Difference $208,000-$154,000=$54,000

Taxable Temporary Difference=$54,000*25%=$13,500

Current Tax Expense =154,000*25%=$38,500

Please note that taxable temporary difference result in deferred tax expense and corresponding effect in deferred tax liability.

Deferred Tax Expense Dr.$13,500

Current Tax Expense Dr.$38,500

Deferred Tax liability Cr.$13,500

Current Tax Liability Cr.$38,500

6 0

4 years ago