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laila [671]
2 years ago
12

During the year, Belyk Paving Co. had sales of $2,393,000. Cost of goods sold, administrative and selling expenses, and deprecia

tion expense were $1,432,000, $435,700, and $490,700, respectively. In addition, the company had an interest expense of $215,700 and a tax rate of 35 percent (ignore any tax loss carryback or carryforward provisions.). The company paid out $407,000 in cash dividends. Assume that net capital spending was zero, no new investments were made in net working capital, and no new stock was issued during the year. Calculate the firm's net new long-term debt added during the year.
Business
1 answer:
BigorU [14]2 years ago
4 0

Answer:

Cash obtained From Bank $588,100

Explanation:

Lets Solve it By Cash Flow Method To find out Amount of Debt Acquired During the Year.

Cash Inflows

Sales                                                 2393000

Out Flow

Cost of Goods Sold                         (1432000)  Assuming total purchases were made during the year  

Depreciation                                       -               Non-Cash Item

Admin Expense                                 (435700)  Cash Expense

Selling Expense                                 (490700)   Cash Expense

Interest Expense                                (215700)    

Net Inflow/(Outflow)                            (181700)   Net outflow

Dividend Paid                                      (407000)

Total Cash obtain form the bank      (588100)      i.e 181700+407000

To make the payments.  

Assuming that there were no cash at start of the year.

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A company increases the price of its clock radios by 10 percent and the company's total receipts fall significantly. What term b
Galina-37 [17]

Answer:

Price elasticity of demand Relation

Explanation:

The reason is that the price and demand are inversely proportional to each other. If the price of the product increases the demand of the product will decrease and vice versa. So this means that if the organization wants to generate maximum profit then it will have to set a price that generate maximum demand which means which generates maximum profit. The Bugatti is very expensive and the result is that very fewer people own it in the world but the Mercedes with an above average price has customers in millions, Honda has more than million customers because it is priced average. So the thing is that the pricing matters in deciding how much of the total customers you want.

3 0
2 years ago
What is the main advantage of having a skill set with a high market value?
MrRa [10]
B. Employers are willing to pay more for those skills.
4 0
2 years ago
Four basic steps are used in an abc system. list the proper order of these​ steps, which are currently scrambled​ below:
alukav5142 [94]
First Identity the primary activities
Then goes select an allocation
Followed by calculating an activity
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Hope this helps
7 0
3 years ago
In preparing its August 31, 2010 bank reconciliation, Adel Corp. has available the following information:
saul85 [17]

Answer: C $22,100

Explanation: Bank Reconciliation

8/31/10 Bank Balance $21,650

Add:

8/31/10 Deposit in transit. $3,900

Less:

8/31/10 Outstanding Chq. $2,750

8/30/10 Rtd Chq. $600

8/31/10 Bank Charges. $100

Cash book balance $22,100

5 0
3 years ago
7. Gulf Real Estate properties just signed contracts for two new listings: a Gulf View condominium with a list price of $589,000
oksano4ka [1.4K]

Answer:

The answer is "135 days"

Explanation:

Condo with a list price of Gulf View = \$589,000

They recognize for a Gulf View the preciously calculated summary analysis

The average cost list for a condominium is474.0075 and that average sale value is 454.245.

\to \$474,000 -\$454,245 = \$20,755

We also are selling $20,755 underneath the selling price on average.

\to \frac{20,755}{474,000} = .0437869198

Therefore a typical condominium in the South View is selling 4.38% well below the price list.

\to 589,000 \times (1- .0438)=563,209.5042

The estimated sales price is thus approximately $563,210

The amount of times that mine device needs and be delivered is an approximate 106 days of median number calculated at a number 1.

No condo Gulf Views $285,000 List price

Through the previously calculated concise figures, we learn that the average price list is 212.805556 for a Non-Gulf View Condominium or that the total selling price is 203.133333.

\to \$212,806 -\$203,133 = \$9,673

We sell $9,673 below the value of the total on average.

\to \frac{9,673}{212,806} =.045454545

Therefore a condo in No Gulf Vision offers on aggregate 4,545% well below the selling price.

\to \$285,000 \times (1-.04545)=272,045.4545

The average price is therefore approximately $272.045.

My projected place to trade this unit is the number of days in number 2 measured to be 135 days.

3 0
3 years ago
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