What is the smallest level at which life may exist

For Fiscal Year 2020, Precision Masters had sales of $42,900, cost of goods sold of $26,800, depreciation expense of $1,900, int

AlladinOne [14]

Answer:

Option (a) is correct.

Explanation:

EBIT:

= Sales - Cost of goods sold - Depreciation expense

= $42,900 - $26,800 - $1,900

= $14,200

Operating cash flow:

= EBIT + Depreciation - Taxes

= $14,200 + $1,900 - [($14,200 - $1,300) × 0.34]

= $16,100 - $4,386

= $11,714

Capital spending:

= Ending net fixed assets - Beginning net fixed assets + depreciation

= $13,900 - $14,300 + $1,900

= $1,500

Additions to NWC:

= Ending NWC - Beginning NWC

= (9,200 - 7,400) - (8,700 - 6,600)

= $1,800 - $2,100

= -$300

Therefore, the cash flow from assets for Fiscal Year 2020 is as follows:

= Operating cash flow - Capital spending - Additions to NWC

= $11,714 - $1,500 - (-$300)

= $10,514

5 0

3 years ago

Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1)

Verizon [17]

Answer:

$11,000

Explanation:

Data provided as per the requirement of net income for year 1 is here below:-

Provided consulting services = $50,000

Paid rent expense = $12,000

Paid employees salaries = $27,000

The computation of net income for Year 1 is shown below:-

Net income for Year 1 = Service revenue - Rent expense - Salary expenses

= $50,000 - $12,000 - $27,000

= $11,000

Therefore for computing the Net income for Year 1 we simply applied the above formula.

8 0

3 years ago

Career experience programs coordinated by schools include the following: cooperative education, programs internship, service lea

Lady_Fox [76]

Career experiences program coordinator by school includes all above

5 0

4 years ago

Read 2 more answers

Identify and explain two characteristics of the packaging of the chocolate bars

zubka84 [21]

Chocolate products are protected throughout the distribution process. Flexible packaging keeps goods fresher for longer, as packaging can include foil layers that ensure that products are preserved. Flexible chocolate packaging provides valuable nutritional information that assist consumers in correct product selection.
hope it helps you
thank you

5 0

3 years ago

g Peng Company is considering an investment expected to generate an average net income after taxes of $2,700 for three years. Th

nikdorinn [45]

Answer:

Net Present value = -$40,221

Explanation:

The net present value is the sum of the discounted cash-flows over the life of the project from t=0 to t=n.

Year Cash-flow PVIF Present Value

0 (55,500) 1.0000 (55,500)

1 2,700 0.9091 2,455

2 2,700 0.8264 2,231

3 2,700 0.7513 2,029

3 11,400 0.7513 <u>8,565 </u>

Net Present value (40,221)

The salvage value is treated as a cash-flow at the end of year 3 as that's the last year in which the project records a cash inflow. In this question, a negative net present value implies that the project is not profitable, and should therefore not be undertaken.

6 0

3 years ago