Answer:
B) $114,000
Explanation:
To calculate the operating cash flows using the top down approach we can use the following equation:
operating cash flow = increase in total sales - increase in total expenses - increase in taxes paid
operating cash flow = $975,000 - $848,000 - ($154,000 - $141,000) = $975,000 - $848,000 - $13,000 = $114,000
I didn't include depreciation since it is normally included to calculate the increase in taxes but taxes were already given.
Answer:
B. 17.78 days
Explanation:
Days Sales Outstanding or Age of Receivables measures the average number of days it take for a company to collect its receivables.
This is computed by dividing the Average Accounts Receivables over Daily Sales. Bear Rug's Average Accounts Receivable is $39,500 ($41,000 + $38,000/2) while its Daily Sales is 2,222 ($811,000/365).
Thus, the average days for the firm to collect its receivables are 17.78 days ($39,500/2,222).
Answer:
Smith is guilty of Bribery and corruption While slick is guilty of breaking health code and trying to bribe a public officer.
Explanation:
Bribery has occurred because Smith's judgment has been paid for/influenced through the $5000 he has received from Slick. Money he plans to use on a boat. Smith has solicitated a bribe and is guilty of bribery. Since he sought for the bribe, he has committed a crime of bribery solicitation. After receiving the money, he committed the crime of accepting a bribe. When additional sums of money were requested, Smith further committed the crime of extortion and blackmail. He has been shown to be greedy.
Slick is guilty of trying to bribe a public official to escape the payment of fines and also guilty of violating health codes.
C. 8.5 not sure my answer
Answer:
the price of the stock today is $46
Explanation:
The computation of the price of the stock today is shown below;
= Expected dividend ÷ (required rate of return - growth rate)
= $2.3 ÷ (10.6% - 5.6%)
= $2.3 ÷ 0.05
= $46
hence, the price of the stock today is $46
We simply applied the above formula so that the correct value could come
And, the same is to be considered
