Answer:
$6,726
Explanation:
If Crawford Company has total proceeds (before segregation of sales taxes) from sales of $7,155. If the sales tax is 6%, the amount to be credited to the account Sales Revenue is:
Sales Proceeds - 7,155
less: Sales Tax - <u>429</u>
Sales Revenue - <u>6,726</u>
<u>Sales tax is included in revenue but not included in net sales. Sales revenue does not include sales tax collected by the business.</u>
Answer:
Purple Panda Pharmaceuticals
Annual Free Cash Flow (FCF):
FCF = Sales Revenue - (Operating costs + Taxes) - Required investments in operating capital or net operating profit after taxes - net investment in operating capital =
Net Income = $1,400,000
additional NOWC = 35,000
Capital expenditures = 500,000
FCF = $865,000
Explanation:
a) Data and Calculations:
EBIT = $2,000,000
Tax = 30% or $600,000
Net Income = $1,400,000
additional NOWC = 35,000
Capital expenditures = 500,000
FCF = $865,000
Purple Panda Pharmaceuticals' Free Cash Flow shows what is available for distribution to security holders after the payment of taxes. Purple Panda will use the information from its Free Cash Flow to judge if a project will pay off and generate enough cash flow so that shareholders' value will be enhanced.
Answer: What layout strategy deals with low-volume, high-variety production? E. Process-oriented layout
Explanation: A process oriented layout is used by companies to move items from one department of the company to another to keep the products moving in a sequenced fashion. An example of a process oriented layout is a clinic. When the patient first checks in, they wait in the waiting area. They next head back and usually get weight/height measurements and then head to the individual patients room. There are many steps in this process to work with the consumer.
Answer:
a) See the image attached for the sheet of closing entry
b) New balance = (174000-111000-12000) = 51000
Daryl is the founder of a successful smartphone application. He is detail oriented and has high expectations of his employees. He rewards them with bonuses for a job well done but employees do not know him well. Daryl is a Transactional Leader.
Transactional Leader is a leader who rewards his employees for a job well done as well as punish them for a job bad done. There is a distance between the leader and the employees. Leader helps their employees in doing good work and also rewards them when they do good, but they have a formal distance and relationship with each other. He expects high from his employees. That is why he rewards them or punish them as well.
