Answer:
See below
Explanation:
Sales
$2,425,000
Less:
Cost of goods sold
($1,335,000)
Administration and selling expense
($635,000)
Depreciation
($450,000)
EBIT
$5,000
Less:
Interest
($275,000)
No tax
Net income/loss
-$270,000
Operating cash flow = $5,000 + $450,000 - $0 = $500,000
Cash flow from assets = Operating cash flow - Change in networking capital - Net capital spending
= $500,000 - $0 - $0
= $500,000
Cash flow to shareholders = Dividends - New equity
= $0 - $0
= $0
Cash flow to creditors = Cash flow from assets - Cash flow to shareholders
= $500,000 - $0
= $500,000
Therefore, new long term debt added during the year is;
= Interest - Cash flow to creditors
= $275,000 - $500,000
= $225,000
A contract with a customer must meet all of the following criteria:
Has approval and commitment of the parties.
Rights of the parties are identified.
Payment terms are identified.
The contract has commercial substance.
Collectability of consideration is probable.
Based on the fact that this country is having a high rate of unemployment, then it is inside (below) its PPF.
<h3>What is the Production possibility frontier?</h3>
This is the graphical illustration that shows the way a nation produces goods and services based on the resources that it has available.
It shows the mix of goods that would efficient use the allocated resources. A country is at unemployment if they are inside the PPF.
Read more on the Production possibility frontier here:
brainly.com/question/6571859
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Answer:
did not graduate high school
Explanation:
Survey Reports from the Simons Dataset for research and Development, Indicate that the vast majority of individuals in the US that are consumers of beer did not graduate high school. The reason for this can vary largely. Psychologists believe that these individuals started consuming alcohol at an early age due to childhood trauma and their addiction caused them to abandon their education.
Answer:
Accumulated depreciation:
Year 1= 11,750
Year 2= 23,500
Explanation:
Giving the following information:
he truck is expected to have a salvage value of $11,000 at the end of its 4-year useful life. The purchase price is $58,000.
Depreciation method: straight-line.
Depreciation= (purchase price - salvage value)/ useful life
Depreciation= (58,000 - 11,000)/4= $11,750
Annual depreciation:
Year 1: $11,750
Year 2: $11,750
Accumulated depreciation:
Year 1= 11,750
Year 2= 23,500
