Quiz

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information i

viva [34]

Answer:

(A) $120,000.

Explanation:

CASH FLOWS FROM OPERATING ACTIVITIES $

Net Income 52,000

Adjustments to reconcile net income to

net cash provided by operating activities:

Depreciation on Fixed Assets 20,000

(Increase) Decrease in Current Assets:

Accounts Receivables 25,000

Inventory 5,000

Increase (Decrease) in Current Liabilities:

Accounts Payable 18,000

NET CASH PROVIDED BY OPERATING ACTIVITIES 120,000

8 0

3 years ago

Cost of a short-term bank loan) Jimmy Hale is the owner and operator of the grain elevator in Brownfield, Texas, where he has

zheka24 [161]

Answer:

a)

The rate of interest qouted = 1% + 7% = 8%

The annual interest expenses = $220,000*8%= $17,600.

Mr Hale has to increase the amount of bank balance with bank from $4,000 currently to $44,000 (20% of $220,000). The net amount of money he would recieve= $220,000 -($44,000 - $4,000) = $180,000.

Therefore the net cost of borrowing = ($17,600/$180,000)*100= 9.78%.

b)

if the interest rate is lowered to 7%, then annual interest expenses = $220,000*7%= $15,400.

The net annual cost of borrowing= ($15,400/$180,000)*100= 0.0855555 Or 8.55%.

Since interest rates has fallen, he can accept the project.

Explanation:

4 0

3 years ago

Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn’s house. At the end of the current period, Em

Travka [436]

Answer: 1155

Explanation:

The solution guess thus to calculate the units in Ending Inventory:

Units of product on hand: 800 units

Add: Units in transit 180

Add: Units on consignment 200

Less: Damaged units 25

The number of units that Emma should include in her company’s period-end inventory will be:

= (800+180+200) - 25

= 1180 - 25

= 1155

3 0

3 years ago

Parliament Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Parliam

ss7ja [257]

Answer:

Note: The complete question is attached as picture below

We are add the previous month +10% to get that month's amounts

Sales Budget

January February March

Cash sales $50,000 $55,000 $60,500

Credit sales $120,000 $132,000 $145,200

Total sales $170,000 $187,000 $205,700

Workings:

February

Cash sales = 50,000+(50,000*10%) = $55,000

Credit sales= 120,000+(120,000*10%) = $132,000

March

Cash sales = 55,000+(55,000*10%) = $60,500

Credit sales= 132,000+(132,000*10%) = $145,200

7 0

3 years ago

Explain how the process of recontextualization changes the meaning associated with an HRM policy or practice. The HRM practices

Naily [24]

Answer:

how the process of recontextualization changes the meaning associated with an HRM policy or practice

Explanation:

The simple meaning of HRM policies and practices are the guidelines and procedures that is established by an organization in order to ensure that productivity is constantly sustained. It includes the process of recruitment, guidelines for performance evaluation, and the approaches by which management addresses operational challenges.

If the practice of recontextualization implies the transferring of HRM practices and changing them according to the nature of the business in the environment it operates in, then the HRM policies and practices of such organization will:

Be altered in terms of recruitment and selection processes

Align its existing policies with the norm of the society in order to have competitive advantage among its competitors.

Be expected to development or redefine its management approaches to work.

Establish other means for enhanncing productivity and results.

By this changes, the existing HRM policies and practices changes

4 0

4 years ago