Using the indirect method, the net cash is $93,900
Solution:
Cash flow from Operating Activities
Net Income $85,300
Depreciation Expense $12,000
Gain on Sale of Land ($7,500)
Increase in Merchandise Inventory ($2,050)
Increase in Accounts Payable $6,150
---------------
Net Cash $93,900
Remember:
Increase in current assets (accounts receivables, inventory), it means subtract.
Decrease in current assets, means, add.
Increase in current liabilities (accounts payable, tax liabilities), it means add.
Decrease in current liabilities, means, subtract.
Answer:
C.51.63%
Explanation:
Gross profit percentage = Gross profit/ Net sales ×100
Gross profit $700,400
Net sales $1,356,504
Hence ;
$700,400/$1,356,504 ×100
=51.63%
Therefore the gross profit percentage is
51.63%
Answer:
Weighted-average cost of treasury shares is 16 per share amounting 48 million dollars in total. (W-1)
Explanation:
(W-1) 16 * 3M i.e total number of share sold (W-1.1)
(W.1.1)
Calculations
Date Purchase Sale Closing stock WA method
12-Feb-18 2M/19/38M* 2M/19/38M
09-Jun-19 3M/14/42/M 5M/16/80M
25-May-20 3M/22/42/M 2M/16/32M
Date Purchase Sale Closing Stock FiFo method
12-Feb-18 2M/19/38M* 2M/19/38M
09-Jun-19 3M/14/42/M 2M/19/38M
3M/14/42/M
25-May-20 3M/22/42/M 2M/14/28M
*Key 2M/19/38M means 2 millions share at the rate of 19 each totaling 88 million dollars.
The answer is: limiting the types of goods and services produced
When a certain country decided to do a specialization, it will utilize most of their time and effort to one specific sectors. These sectors usually be chosen because that country had a certain competitive advantage over another country due to the resources that they possess.
For example, Malaysia is conducting a specialization in latex related products. They choose to do this because they possess the environment that is perfect for latex tree to grow. Currently, they are among the top three latex producers in the world.
Option B, In a(n) , common market members eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate barriers to the movement of the factors of production.
A legal agreement that creates a collection of nations that adopt a single external policy tariff is known as a common market. Countries that participate in a single market also permit free commerce as well as the free movement of capital and labor within the group's members. It establishes a common external tax on imports in the market. Members of this market thus do away with trade restrictions and embrace or adhere to a common policy.
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