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Citrus2011 [14]
3 years ago
10

In​ 2019, Chen Corporation purchased treasury stock with a cost of $ 54 comma 000. During the​ year, the company declared and pa

id dividends of $ 10 comma 000 and issued bonds payable for $ 900 comma 000. Net cash provided by financing activities for 2019​ is: A. $ 890 comma 000. B. $ 836 comma 000. C. $ 900 comma 000. D. $ 846 comma 000.
Business
1 answer:
madam [21]3 years ago
3 0

Answer:

Chen Corporation's Net Cash Flows from Financing Activities during the year are $836,000

Explanation:

Cashflows from Financing Activities

Payment made to purchase treasury stock during the year            $(54,000)

Dividends declared and paid during the year                                   $(10,000)

Proceeds received from issue of Bonds Payable during the year  $900,000  

Net Cash flow from Financing Activities                                         $836,000  

*Please note that figures in brackets represent Cash Outflows

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On January 8, the end of the first weekly pay period of the year, Regis Company’s payroll register showed that its employees ear
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Answer:

1)

\left[\begin{array}{cccccc}$department&$salaries&OASDI&HI&SUTA&FUTA\\$office&22,760&1,411.12&341.4&280&42\\$sales&65,840&4,082.08&987.6&280&42\\\end{array}\right]

2) payroll expense entries:

payroll expense 2063.14

     Medicare payable       330.02

     Social Security  payable      1411.12

     SUTA                      280

     FUTA                        42

--------------------------------------------

payroll expense  5358.76

     Medicare payable         954.68

     Social Security  payable      4082.08

     SUTA                       280

     FUTA                         42

Explanation:

\left[\begin{array}{cccccc}$department&$salaries&OASDI&HI&SUTA&FUTA\\$office&22,760&1,411.12&341.4&280&42\\$sales&65,840&4,082.08&987.6&280&42\\\end{array}\right]

We apply for each department the tax rate. Notice SUTA and FUTA have a ceilling of 7,000 so we do not apply the rate to the whole amoung but, for the 7,000 ceiling.

8 0
3 years ago
Steve’s Outdoor Company purchased a new delivery van on January 1 for $47,000 plus $4,000 in sales tax. The company paid $13,000
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3 years ago
The offeror may _____ the offer at any time prior to acceptance.
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Answer:

The offeror may retract the offer at any time prior to acceptance.

Most likely the offeror was able to get a better deal somewhere else, which allows the offeror to retract the offer. However, if they had already made a deal, the offeror would have broken the deal, which may result in action.

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3 years ago
Question 13 of 20
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Answer:

Explanation:

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3 years ago
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Caribbean Reef Software has 8.4 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments
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Answer:

9.14%

Explanation:

Calculation for YTM

First step is to use financial calculator to find the I which represent Interest rate

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