All categories

3 years ago

The income statement, balance sheet, and additional information for Video Phones, Inc., are provided.

Business

1 answer:

Alina [70]3 years ago

8 0

Answer:

Net increase in cash position is $18,960

From operations $128,160

From investing activities -$83,200

From Finance activities -$26,000

Explanation:

The income statement has been uploaded for your benefit.

The schedules attached tagged "workings" explains how we arrived at each change in cash flow by line item.

You might be interested in

Falcon Co. produces a single product. Its normal selling price is $26 per unit. The variable costs are $16 per unit. Fixed costs

xxTIMURxx [149]

Answer:

Effect on income= $10,290 increase

Explanation:

Giving the following information:

Falcon can handle the special order, and for this order, a variable selling cost of $2 per unit would be eliminated.

Because it is a special order that would not affect current sales, we won't take into consideration the fixed costs.

To calculate the effect on income, we need to use the following formula:

Effect on income= Number of units sold*unitary contribution margin

Effect on income= 1,470*(21 - 14)

Effect on income= $10,290 increase

6 0

3 years ago

Using the following information, estimate Rogue Outdoors annual or monthly market demand for adult hiking shoes: Number of 18-65

8_murik_8 [283]

Answer:

Rogue Outdoor’s break-even point in units and dollars is 720 units and $72,000 respectively.

Explanation:

In this question we use the formula of break-even point in the unit which is shown below:

= (Fixed expenses) ÷ (Contribution margin per unit)

where,

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $100 - $50

= $50

Now put these values to the above formula

So, the value would equal to

= $36,000 ÷ 50 per units

= 720 units

And, the formula of break-even point in dollars which is shown below:

= (Fixed expenses) ÷ (Contribution margin ratio)

where,

Contribution margin ratio = (Contribution margin ÷ selling price per unit) × 100

where, Contribution margin = Selling price per unit - Variable expense per unit )

= $100 - $50

= $50

So, the contribution margin ratio = 50%

Now put these values to the above formula

So, the value would equal to

= $36,000 ÷ 50%

= $72,000

4 0

3 years ago

Three Guys Burgers, Inc., has offered $18 million for all of the common stock in Two Guys Fries, Corp. The current market capita

son4ous [18]

Answer:

The minimum annual synergy that Three Guys feels it will gain from the acquisition is $ 178,500

Explanation:

Value of synergy gain from acquisition = 18 - 15.9 = 2.1 million

Annual synergy gain = 2.1 *.085 = .1785 million or $ 178,500

Annual synergy gain = $ 178,500

5 0

3 years ago

A calendar-year corporation has positive current E&P of $1,500 and a deficit in accumulated E&P of ($2,000). The corpora

Studentka2010 [4]

Answer:

B. The distribution will be a dividend if current earnings and profits are positive and exceed the distribution.

6 0

3 years ago

Under MACRS, the salvage value ____ is

tankabanditka [31]

Answer:

C. Ignored

Explanation:

Marcs is a tax depreciation system that helps to determine the actual cost of an asset by depreciating it yearly. There are many aspects of this technique that allows recovering the cost basis of various assets. In MACRS salvage value is completely ignored. This technique allows the measurement of the cost of an asset by completely ignoring the salvage value.

5 0

3 years ago