Answer:
Net cash flow from operating activities = $62,200
Explanation:
EZ Company
Statement of Cash Flow
Particulars Amount ($)
Net Income 50,000
Net cash flow from operating activities:
Depreciation expense 7,000
Amortization of patent 500
Amortization of premium on bonds 1,000
Decrease in accounts receivable 2,000
Increase in inventory (1,500)
Decrease in salaries payable (800)
Increase in accounts payable <u> 4,000</u>
Net cash used or provided <u> 12,200</u>
Net cash flow from operating activities =$62,200
Cash dividend is a financing activities, that is why it is not added or deducted in the operating activities.
Answer:
4.16%
Explanation:
to calculate Singapore's economic growth rate we can use the future value formula (we could also use the rule of 72 but it is not very exact):
future value = present value x (1 + r) ⁿ
- future value = 900
- present value = 450
- n = 17
- r = ?
900 = 450 (1 + r)¹⁷
(1 + r)¹⁷ = 900 / 450 = 2
1 + r = ¹⁷√2 = 1.0416
r = 1.0416 - 1 = 0.0416 or 4.16%
Answer:
$119,666
Explanation:
The benefit of remodelling can be calculated using the net present value.
The net present value is the present value of after tax cash flows minus the cost of an investment.
The net present value can be calculated using a financial calculator.
Cash flow for year 0 = $-2.8 million
Cash flow each year from year one to year five = $820,000
I = 12.5%
NPV = $119,666
The benefit of the renovation exceeds its cost so the renovation should be carried out.
I hope my answer helps you.
Answer: Interest on a Note Payable is most appropriately accrued: "B. as of the end of each accounting period during which the note is a liability.".
Explanation: As long as the Note Payable remains a liability and has not yet reached its due date, according to the accrual principle, at the end of each accounting period the accrued interest must be recognized, and when the Note payable reaches its expiration it must remain with balance 0 the interest not accrued account.
Answer:
a. Cash paid to suppliers of merchandise during the reporting period: $44.1 million
b. A summary entry that represents the net effect of merchandise purchases during the reporting period as below:
Dr Cost of goods sold 44,000,000
Dr Inventory 6,700,000
Cr Account Payable 6,600,00
Cr Cash 44,100,000
Explanation:
We have the total amount goods buying from the supplier in the period = Cost of good sold in the period + Difference in the inventory balance of the period = $44 million + $6.7 million = $50.7 million
Thus, the additional amount owed supplier in the period is $50.7 million.
Account Payable increased by 6.6 million, it means that only 44.1 million ( that is, 50.7 million - 6.6 million) is paid during the period.
Thus, the summary will represents: Increase in COGS 44 million ( given); Increase in Inventory 6.7 million (given); Increase in account payable 6.6 million ( given) and Decrease in Cash 44.1 million ( calculated above).
