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jok3333 [9.3K]
3 years ago
15

Jetson Spacecraft Corp. shows the following information on its 2019 income statement: sales = $214,000; costs = $91,000; other e

xpenses = $6,100; depreciation expense = $9,100; interest expense = $13,300; taxes = $37,800; dividends = $10,100. In addition, you're told that the firm issued $7,900 in new equity during 2009 and redeemed $9,500 in outstanding long-term debt. What is the 2019 cash flow to creditors?
Business
1 answer:
Verdich [7]3 years ago
8 0

Answer:

The 2019 cash flow to creditors is $3,800

Explanation:

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  

= $13,300 - $9,500 + $0

= $3,800

Since beginning balance of long term debt is not given so we assume zero amount.

The other items which are mentioned in the question are not being considered in the computation part. hence, these part are ignored

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Tile Depot, specializing in retail of construction materials, carries a popular flooring tile. The annual demand is estimated to
natta225 [31]

Answer: D. 500

Explanation:

The Economic Order Quantity (EOQ) refers to an efficient number of units that a company should order to minimize the total costs of inventory such as holding costs, order costs, and shortage costs.

It is calculated by the formula below,

EOQ = √ (2 * Annual demand * Ordering Cost / Holding Cost)

EOQ = √ (2 * 5,000 * 250 /10)

EOQ = 500 units.

The economic ordering quantity (EOQ) for this item is 500 units.

6 0
3 years ago
Early in your first term as President of the United States you faced an economy in the beginnings of a recession. Which of the f
astraxan [27]
Letter C I’d go with
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3 years ago
During 2015, Bears Inc. recorded credit sales of $680,000. Before adjustments at year-end, Bears has accounts receivable of $300
Rufina [12.5K]

Answer:

Bad Debts Expense                      Debit                  $ 34,440

Allowance for Uncollectible accounts   Credit                          $ 34,440

Explanation:

Computation of amount of uncollectible balances to be recorded

Total accounts Receivable                                    $ 300,000

Accounts past due                                                  <u>$   51,000</u>

Accounts not yet past due                                     $ 249,000

Estimated uncollectible from not yet past due         10 %

Estimated uncollectible from past due                       24 %

Estimated uncollectible from not yet past due 10 % * $ 249,000  = $ 24,900

Estimated uncollectible from past due 24 % * $ 51,000            =     <u>$   12,240</u>

Total Estimated Uncollectible amounts                                            = $ 37,140  

Available balance in Allowance account                                           $   (2,700)

Allowance for uncollectible accounts to be recorded                       <u>$ 34,440</u>

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3 years ago
Am i the only one who like co ck and ball pain?
tatiyna

Answer:

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3 years ago
Which of the following is a fixed cost?
Mice21 [21]

Answer:

The answer is d. payment to hire a security worker to guard the gate to the factory around the clock.

Explanation:

Let re-visit to the concept of Fixed cost before applying to the questions.

Fixed costs are costs which are unchanged given changes in production level.

a. payment to a electric utility is not fixed cost because higher level of production required higher electricity consumption which leads to higher cost of electricity.

b. cost of raw material is not fixed cost because the higher the production level, the higher the raw material required for production.

c. wages to hire assembly line workers is not fixed cost because the higher the production level, the more workers required and the higher the wages will be.

d. payment to hire a security worker to guard the gate to the factory around the clock is fixed cost because regardless of the production level, the security worker will work for the same amount of time and receive the same level of payment as his workload is much likely to remain the same.

So, d is the correct choice.

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