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Maru [420]
3 years ago
5

Can you tell me what is 16×2=

Business
1 answer:
Ainat [17]3 years ago
6 0
16×2 is 32


16+16 is also 32
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Jessie's car broke down, and she needs to borrow money to pay for repairs. She wants to use her car as collateral for a short-te
katrin [286]

Answer:A

Explanation:

4 0
2 years ago
Cardinal Industries had the following operating results for 2018: Sales = $34,318; Cost of goods sold = $24,212; Depreciation ex
JulsSmile [24]

Answer:

a  $1,091.22

b $9,798.22

c - $1,709.78

d-1 $2,710

d-2  - $4,419.78

Explanation:

a. The computation of the net income is shown below:

= Sales - cost of good sold - depreciation expense - interest expense - income tax expense  

= $34,318 - $24,212 - $5,997 - $2,710 - $307.78

= $1,091.22

The income tax expense  

= ($34,318 - $24,212 - $5,997 - $2,710) × 22%  

=  $307.78

b. The operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,  

EBIT = Sales - cost of good sold - depreciation expense  

= $34,318 - $24,212 - $5,997

= $4,109

And all other items would remain same

Now put these values to the above formula  

So, the value would equal to

= $4,109 + $5,997 - $307.78

= $9,798.22

c. Computation of the cash flow from assets for 2019 is shown below:

= Operating cash flow - net capital spending - changes in working capital

where, net capital capital = ending fixed assets - beginning fixed assets + depreciation  

= $24,502 - $19,940 + $5,997

= $10,559

Changes in working capital = (ending balance of current assets - ending balance of current liabilities) - (beginning balance of current assets - beginning balance of current liabilities)

= ($8,684 -  $4,673 ) - ($7,054 - $3,992)

= $4,011 - $3,062

= $949

Now put these values to the above formula  

So, the value would equal to

= $9,798.22 - $ $10,559 - $949

= - $1,709.78

d.1 The computation of the cash flow to creditors is shown below:

= Interest expense - ending balance of long term debt + beginning balance of long term debt  

= $2,710 - 0 + 0

= $2,710

d.2 The computation of the cash flow to stockholder is shown below:

= Cash flow from asset - cash flow to creditors

= - $1,709.78 - $2,710

= - $4,419.78

8 0
3 years ago
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a
Yuki888 [10]

Answer:

1A. Compute the CM ratio and the break-even point in balls.

  • CM ratio = 2.5
  • break even point = 21,000 balls

1B. Compute the degree of operating leverage at last year.

  • 31.82%

2. Due to an increase in labor rates, the company estimates that variable expenses will increase by $3 per ball next year. If this change takes place and the selling price per ball remains constant at $25, what will be the new CM ratio and break-even point in balls?

  • CM ratio = 3.57
  • break even point = 30,000 balls

3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $90,000, as 5. last year? The president feels that the company must raise the sell- ing price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year, what selling price per ball must it charge next year to cover the increased labor costs?

  • 42,858 balls
  • new price of $28 per ball

4. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40%, but it would cause fixed expenses per year to double. If the new plant is built, what would be the company's new CM ratio and new break-even point in balls?

  • CM = 1.32
  • 26,250 balls

A. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $90,000, as last year?

31,875 balls

B. Assume the new plant is built and that next year the company manufactures and sells 30,000 balls (the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage.

Income Statement

Total revenue $750,000

Variable expenses $270,000

Contribution margin $480,000

Fixed expenses $420,000

Net operating income $60,000

Degree of operating leverage = 60.87%

C. If you were a member of top management, would you have been in favor of constructing the new plant?

If you cannot avoid paying the salary raise, then the company needs to carry on the new plant project.

Explanation:

sales price per ball = $25

variable expenses: $15 per unit

  • direct labor $9
  • other variable costs $6

CM ratio = net sales / CM = $750,000 / $300,000 = 2.5

break even point = total fixed costs / CM per unit = $210,000 / $10 = 21,000 balls

degree of operating leverage = fixed costs / total costs = $210,000 / $660,000 = 31.82%

new CM ratio = net sales / CM = $750,000 / $210,000 = 3.57

break even point = total fixed costs / CM per unit = $210,000 / $7 = 30,000 balls

sales level for $90,000 profit = ($210,000 + $90,000) / $7 = 42,857.14 ≈ 42,858 balls

CM ratio (new plant) = net sales / CM = $750,000 / $570,000 = 1.32

break even point = total fixed costs / CM per unit = $420,000 / $16 = 26,250 balls

sales level for $90,000 profit = ($420,000 + $90,000) / $16 = 31,875 balls

5 0
3 years ago
Nathan noticed that a company that has great potential just declared a​ ________ because its stock price was getting too high fo
ratelena [41]

Answer:

Stock-split

Explanation:

A stock-split means that the existing price of one share of Nathan will be divided into two such that the two new shares will be exactly equal to one old share. Once that is done, small investors will be more comfortable buying the shares at a cheaper price.

Whether before or after the stock-split. A given amount invested will give an investor the same percentage ownership in the same company. It has only made Nathan's shares look cheaper to attract small investors while the market capitalization (overall value) of Nathan remains the same.

5 0
3 years ago
Credits: Board of Governors of the Federal Reserve System (US), Total Assets, All Commercial Banks, Total Liabilities, All Comme
gladu [14]

Answer:

Hi

Explanation:

Haiaiaass

6 0
3 years ago
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