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Amiraneli [1.4K]
3 years ago
5

Deluxe Hotels reported revenues of​ $570,000 for the year ended December​ 31, 2019. Accounts receivable at December​ 31, 2018 an

d 2019 were​ $67,000 and​ $47,000. If Deluxe uses the direct method of reporting operating cash​ flows, the company would report cash collected from customers of​ ________.
Business
1 answer:
DENIUS [597]3 years ago
8 0

Answer:

$590,000

Explanation:

To calculate Deluxe's operating cash flow for 2019, we can use the following formula:

2019 cash flow = sales - (ending accounts receivable - beginning accounts receivable)

2019 cash flow = $570,000 - ($47,000 - $67,000) = $570,000 - (-$20,000)

2019 cash flow = $590,000

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Bailey Corp. has the following information: Beginning Inventory (Jan 1) Ending Inventory (Dec 31) Raw Materials Inventory $ 25,3
Amanda [17]

Answer:

See below

Explanation:

The cost of goods manufactured is computed as;

Beginning inventory

$25,300

Add ;

Raw materials purchases

$106,100

Cost of goods available for sale

$131,400

Less:

Ending inventory

$39,100

Cost of goods sold

$92,300

Add:

Beginning work in process

$24,100

Less:

Ending work in process

($26,600)

Cost of goods manufactured

$89,800

4 0
3 years ago
What type of résumé presents the job seeker's characteristics and experience in terms that accommodate the computer search proce
Reil [10]
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3 0
3 years ago
Suppose that nominal GDP was $10000000.00 in 2005 in Orange County California. In 2015, nominal GDP was $12000000.00 in Orange C
amid [387]

Answer:

50%

Explanation:

Here is important to know that when we have the inflation rate (1,50% in this case) this indicator is enough to get the effect of the prices in an economy and get the nominal GDP affected by prices, so if the price level is 1,50% after the comma we have the average of the growth.

6 0
4 years ago
Countess Corp. is expected to pay an annual dividend of $5.05 on its common stock in one year. The current stock price is $77.75
Alex_Xolod [135]

Answer:

Cost of equity = 10.10%

Explanation:

<em>Cost of equity can be ascertained using the dividend valuation model. The model states that the price of a stock is the present value of future dividends discounted at the required rate of return.  </em>

Ke=( Do( 1+g)/P ) + g  

g- growth rate in dividend, P- price of the stock, Ke- required return, D- dividend payable in now

DATA

D0- (1+g) = 5.05

g- 3.60%

P- 77.75

Note that the D0× (1+g) simply implies the dividend expected in year one, that is one year from now. And this has been given as 5.05 in the question, hence there is no need to apply the growth rate again.

Cost of equity = (5.05/77.75   + 0.036)×  100= 10.095%

Cost of equity = 10.10%

5 0
3 years ago
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