How to do this please

The Bears Corporation has provided you the following information:Increase in accounts receivable balance 50,000 Net sales 500,00

Sliva [168]

Answer:

A. cash collected is 442,500

B. Cash paid to suppliers is 62,000

Explanation:

A. To determine the cash collected for the period, the account that we should analyze is the accounts receivable.

Net sales 500,000

Less: Increase in accounts receivable 50,000

Less: write off 7,500

total collection 442,500

*increase in accounts receivable means lesser amount of collection than the sale on account

*write off will decrease the accounts receivable which means, it affects the cash collection computation.

B.To determine the cash paid to suppliers, let’s analyze the accounts payable account.

Increase in inventory 45,000

add: decrease in accounts payable 17,000

total cash paid to suppliers is 62,000

*increase in inventory implies an additional purchase made by the company

*decrease in accounts payable resulted from cash payment made to suppliers.

5 0

4 years ago

What is federal income tax of someone who makes 52,000 a year in 2020

Allushta [10]

The average tax rate is 21.47 % so that means. you would have to pay around $11,166, and you would be left with $40,834.

Hope this helped!

3 0

4 years ago

10. Your grandmother offered you a choice of gifts: you could receive either $10,000 today, or $2,000 per year at the end of eac

Llana [10]

Answer:

Receiving $2,000 every year for 6 years is worth more today.

Explanation:

$2,000 received per year is annuity as same amount is received every year.

Given:

Amount received every year = $2,000

Time period = 6 years

Rate = 5%

Check PVIFA (Present value of annuity factor) table for 5% and 6 years, we get 5.0757

Present value of annuity = 2,000 × 5.0757

= $10,151.4

Receiving $2,000 every year for 6 years is worth more today than receiving $10,000 today as present value of annuity is worth $10,151.4 today which is more than $10,000.

So, $2,000 every year is worth more today.

6 0

3 years ago

Suppose that the current wage rate is $40 per hour, the rental rate of land is $10,000 per acre, and the rental rate of capital

MakcuM [25]

Answer:

The firm is not maximizing profit.

Explanation:

Under the profit maximization theory for two or more inputs, a firm or producer maximizes his profit at a point where the ratios of the marginal producer to cost per unit of each input are equal to one another. This implies that profit is maximized when profit per dollar of all goods are equal. Therefore, profit is not being maximized by the firm is this condition does not hold.

Based on the this question, profit is being maximized by the firm if we have the following:

MPL/W = MPLA/RL = MPC/RC ……………………………. (1)

Where;

MPL = Marginal product of labour = $800

W = Wage rate = $40

MPLA = Marginal product of an acre of land = $150,000

RL = Rental rate of land = $10,000

MPC = Marginal product of capital = $40,000

RC = Rental rate of capital = $1.000

Substituting the values into equation (1), we have:

$800 / 40 $\neq$ $150,000 / $10,000 $\neq$ $40,000 / $1,000