Answer:
Cash flow = $35
Explanation:
Cash flow= Payout ratio*net income-price of stock= 0.30*400-85=35
US lifestyle shifts have expanded the careers for "daycare providers", since many more women have joined the work force in the past two decades--meaning that they can't be at home with their children.
Answer and Explanation:
The journal entries are shown below:
On Apr 2
Petty cash $290
To Cash $290
(Being the establishment of the petty cash fund is recorded)
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
On Apr 10
Mail & Postage $62
Contributions and Donations $33
Meals & entertainment $114
Cash Short and Over $4 ($290 - $62 - $33 - $114 - $77)
To Cash $213
(Being the replenishment of the fund is recorded)
For recording this, we debited the mail & postage, contributions & donations, meals & entertainment as it increased the expenses and credited the cash as it reduced the assets and the balancing figure is debited to cash short and over
On Apr 11
Petty Cash $140 ($430 - $290)
To Cash $75
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
Answer:
b.$11,088
Explanation:
The computation of the interest expense is shown below
= Cash interest + discount amortized
= ($88,000 × 12%) + ($88,000 - $85,360) ÷ 5 years
= $10,560 + $528
= $11,088
Hence, the interest expense is $11,088
Therefore the correct option is b.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
