Answer:
Operating cash flow is $7,980
Explanation:
EBIT = sales of $19,730 - costs of $9,300 - depreciation expense of $1,970 = $8,460
Tax = (EBIT of $8,460 - interest expense of $1,460) * Tax rate 35%
= $2,450
The operating cash flow (OCF) = EBIT + Depreciation - Tax = $8,460 + $1,970 - $2,450 = $7,980
Answer:
b. 48
Explanation:
The computation of the expected value of the future stock price is as follows;
= Respective future price × respective probabilities
= $40 × 0.5 + $50 × 0.3 + $65 × 0.2
= $20 + $15 + $13
= $48
hence, the expected value of the future stock price is $48
Therefore the correct option is b.
The same is relevant
Answer: True
Explanation: By conducting a small project as a proposal, a contractor is actually showing in a small scale that he is both capable, is the right man for the job (external project) and is able to ensure the external project is completed with its goals and objectives accomplished. It is these goals that drive the project, and all the planning and implementation . As such, the project has to be compelling and complete.
True gives the answer to the question.
Answer: The correct answer is "C. Parent company total assets equals consolidated total assets".
Explanation: The statement "C. Parent company total assets equals consolidated total assets" is false before making adjustments on the consolidated worksheet when a parent uses the equity method because the parent company total assets are not equal to consolidated total assets.
Answer:
The journal entries are as follows:
(i) On March 31,
Finished Goods A/c Dr. $56,400
To Work in Process $56,400
(To record the completion of the two jobs)
(ii) On March 31,
Cash A/c Dr. $38,000
To sales $38,000
(To record the sale Job 10)
(iii) On March 31,
Cost of goods sold A/c Dr. $21,400
To finished goods $21,400
(To record the cost of the job sold)
