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3 years ago

Assuming Net Income for the year is $250,000, what is the net operating cash flows given the following information:

Business

1 answer:

Musya8 [376]3 years ago

6 0

Answer:

Operating Cash Flows $215,850

Explanation:

Calaculation of Net operating Cash flow

Net Income$250,000

Adjustments for noncash effects:

Depreciation Expense 6,000

Loss on sale of asset 1,350

Changes in current assets and current liabilities:

Increase in Salaries Payable 19,500

Increase in Prepaid Rent(29,000)

Increase in Accounts Payable 29,000

Increase in Inventory(61,000)

Operating Cash Flows $215,850

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A portfolio consists of $15,200 in Stock M and $23,400 invested in Stock N. The expected return on these stocks is 8.90 percent

bonufazy [111]

Answer:

Portfolio return = 11.08%

Explanation:

<em>The expected return on the portfolio is the weighted average return of all the different stocks making up the portfolio. The weight of the individual stock would be the relative amount invested in each stock as a proportion of the total fund invested.</em>

The expected return can be determined as follows

Weighted of stock A= 15,200/(15200+23400)=0.39

Weight of stock B = 23.400/((15200+23400)= 0.61

Expected return on portfolio = (0.39 ×8.90% ) + (0.61*12.50%)= 11.08 %

8 0

4 years ago

The trial balance of Sheridan Company at the end of its fiscal year, August 31, 2017, includes these accounts:

Natalija [7]

Answer:

The answer is $229,200

Explanation:

Cost of sales equals:

Beginning inventory plus purchases minus ending inventory.

Beginning inventory is $23,570

Purchases(net Purchase) is

Purchases $224,020

Add: Freight-In. $9,770

Minus: Purchase Returns. and Allowances. ($5,460)

Net Purchase:. $228,330

ending inventory is $22,700.

Therefore, cost of goods sold is:

$23,570 + $228,330 - $22,700

=$229,200

6 0

3 years ago

During august, boxer company sells $356,000 in merchandise that has a one year warranty. experience shows that warranty expenses

NARA [144]

The above answer can be explained as under -

The journal entry to record estimated warranty expense is -

Warranty Expense Dr. ............. $ 17,800

Estimated Warranty Liability .......... Cr. $ 17,800.

The estimated warranty liability is calculated on the basis of the credit sales of the year and percentage estimated. Here, the credit sales of the year is $ 356,000 and the estimated percentage is 5 % of credit sales. Thus, estimated warranty liability is = $ 356,000 $$ 356000 X 5 % = $ 17,800$