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iragen [17]
3 years ago
8

Rodriquez corporation's comparative balance sheets are presented below. rodriquez corporation comparative balance sheets decembe

r 31 2017 2016 cash $16,600 $17,700 accounts receivable 24,900 22,500 investments 20,250 16,150 equipment 59,750 70,150 accumulated depreciation—equipment (13,750 ) (10,100 ) total $107,750 $116,400 accounts payable $14,650 $11,050 bonds payable 10,800 30,100 common stock 50,500 44,600 retained earnings 31,800 30,650 total $107,750 $116,400 additional information: 1. net income was $18,650. dividends declared and paid were $17,500. 2. equipment which cost $10,400 and had accumulated depreciation of $1,800 was sold for $3,800. 3. no noncash investing and financing activities occurred during 2017.
Business
1 answer:
Lelechka [254]3 years ago
4 0

Answer:

The cash flow statement is attached

Explanation:

               

Download xlsx
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The amount of money deposited 25 years ago at 5% interest that would now provide a perpetual payment of $15,000 per year is clos
Mademuasel [1]
The amount of money needed now to begin the perpetual payments is
P = A/I =15,000÷0.05=300,000

The amount that would need to have been deposited 25 years ago is
P=A÷(1+r)^t
P=300,000÷(1+0.05)^(25)
P=88,590.83
6 0
4 years ago
A vendor sells hot dogs at $17.00 /piece. For every hot dog he spends $11.23 in the raw material. Additionally he spends $0.90 f
Gemiola [76]

Answer: $4.87

Explanation:

The question is asking for the Contribution margin which is the amount left of the selling price after the variable costs have been deducted.

Contribution margin = Selling price - variable costs

= Selling price - Raw materials - packing costs

= 17 - 11.23 - 0.90

= $4.87

8 0
3 years ago
True or False: Homeowners in states like Texas or Florida may have to purchase special insurance based on their home's geographi
zlopas [31]
True, it’s a good idea because it helps protect your home and other assets
3 0
3 years ago
Read 2 more answers
______is the satisfaction or value people extract from consumed services or goods and those derived from pursued activities. A.
Mars2501 [29]

Answer:

utility

Explanation:

;/

7 0
4 years ago
(Pension Expense, Journal Entries, Amortization of Loss) Gottschalk Company sponsors a defined benefit plan for its 100 employee
Alika [10]

Answer: See attachment and explanation.

Explanation:

a. Determine the components of pension expense that the company would recognize in 2017.

Service cost = $52,000

Add: Interest on projected benefit obligation = $380,000 × 10% = $38,000

Less: Actual return on plan asset = ($11000)

Less: Unexpected loss = 200,000 × 10% - 11,000 = ($9000)

Ammortization of prior service cost = $15000

Pension expense = $85,000

b. The journal entry to record the pension expense and the company’s funding of the pension plan in 2017 has been attached.

c. The amount of the 2017 increase/decrease in gains or losses and the amount to be amortized in 2017 and 2018 has been attached.

d. The pension amounts reported in the financial statement as of December 31, 2017 will be $85,000.

7 0
3 years ago
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