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Ede4ka [16]
3 years ago
9

The following selected account balances appeared on the financial statements of Washington Company:

Business
1 answer:
torisob [31]3 years ago
5 0

Answer:

The net Cash collections from customers were $85683.

Explanation:

The direct method for calculating net cash flow involves deducting from cash sales only operating expenses that needed cash.

Cash collections from customers by Washington company are:

Accounts Receivable, January 1 + Sales - Accounts Receivable, December 31

=$16,099 + $76,821 - $7,237

=$92,920-$7,237

=$85683

The net Cash collections from customers were $85683.

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Jerome Corporation's bonds have 15 years to maturity, an 8.75% coupon paid semiannually, and a $1,000 par value. The bond has a
Nastasia [14]

Answer:

5.01%

Explanation:

The bond nominal yield to call is  5.01%

6 0
3 years ago
Read 2 more answers
Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 4.20 percent that sells for $90.86 per share. I
natali 33 [55]

Answer:

4.62%

Explanation:

Bethesda had an issue with preferred stock outstanding with a coupon rate of 4.20 %

It is sold at $90.86 per share

The par value is $100

Therefore the company's preferred stock can be calculated as follows

= 4.20/100 × 100 / 90.86/100 ×100

= 4.20/90.86

= 0.0462 × 100

= 4.62%

3 0
2 years ago
When a tax of $1.00 per gallon is imposed on sellers of gasoline, the supply curve for gasoline shifts upward, but by less than
ycow [4]
When a tax of $1.00 per gallon is imposed on sellers of gasoline, the supply curve for gasoline shifts upward, but by less than $1.00. A tax on sellers usually causes buyers to pay more for the good and sellers to receive less for the good than they did before the tax was levied.
8 0
3 years ago
Teal Motors Inc., an automobile company, outsources the manufacturing of most of the automobile parts to several other companies
il63 [147K]

Answer:

The question is missing the below options:

A. loss of identity

B. loss of frequency

C. loss of facility

D. loss of focus

The correct option is D,loss of focus.

Explanation:

Loss of identity does not arise in this case, as Teal Motors Inc. is still responsible for coupling these parts into complete and brands it in own brand name.

Since it is not clear cut that Teal Motors Inc. has in-house facilities to produce the outsourced parts,letting the available production facilities rot away without being put to proper use does not arise.

The focus here is that the company specializes in the critical components that are most important in its automobiles and would prefer to outsource non-critical parts to others,hence a modular approach to manufacturing is favored.

6 0
3 years ago
24. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will hav
polet [3.4K]

Answer:

The most expensive car can be afforded is = $17290.89

Explanation:

The down payment of a new car = $4000

The mothly payment (annuity ) = $350

Interest rate on the rate = 12% = 12% / 12 per month.

Now we have to calculate the most expensive car that can be afforded with the finance time of 48 months.  

Below is the calculation:

Present \  value = annuity \times \left [ \frac{1-(1+r)^{-n}}{r} \right ] \\= 350 \times \left [ \frac{1-(1+ 0.01)^{-48}}{0.01} \right ] \\= 13290.89 \\

\text{Total value of car}  = savings +  present \ value \\=  4000 + 13290.89 \\= 17290.89

7 0
3 years ago
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