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Brrunno [24]
3 years ago
14

Southeast Systems has the following balance sheet and the income statement. The company had 10 million shares of common stock ou

tstanding and its market price of the common stock was $78 at the end of 2014. Make sure the unit is in million dollars. (unit: $ in millions) Southeast Systems Balance Sheets 2013 2014 2013 2014 Cash $50 $100 Accounts payable $450 $500 Accounts receivable 600 700 Notes payable 300 400 Inventory 500 550 Long-term debt 650 650 Net fixed assets 1,000 1,000 Common equity 300 300 Retained earnings 450 500 Total Assets $2,150 $2,350 Total Liabilities & Owner’s Equity $2,150 $2,350 Income Statement 2014 Sales $2,370 Cost of goods sold 2,070 Depreciation 200 EBIT 100 Interest expenses 20 Taxable income 80 Taxes 28 Net income $52 Dividends $2 (1) What is the net cash flow from financing activity for 2014? (2) What is the total net increase in cash from 2013 to 2014?
Business
1 answer:
solong [7]3 years ago
4 0

Answer:

1) net cash flow from financing activities:

Dividends paid                                       <u>($2,000,000)</u>

Net cash flow from financing activities ($2,000,000)

No new stocks were issued, nor any new long term debt was taken.

2) total increase in cash from 2013 to 2014 was $50,000,000

there are two ways to calculate this:

ending balance of cash account 2014 - ending balance of cash account 2013 = $100 - $50 = $50 million

cash flow from operating activities = $52 + $$50 + $100 - $100 - $50 = $54

cash flow from investing activities = $0

cash flow from financing activities ($2)

net cash increase = $50 million

Explanation:

Southeast Systems Balance Sheets

2013 2014

Cash $50 $100

Accounts receivable 600 700

Inventory 500 550

Net fixed assets 1,000 1,000

Total Assets $2,150 $2,350

Accounts payable $450 $500

Notes payable 300 400

Long-term debt 650 650

Common equity 300 300

Retained earnings 450 500

Total Liabilities & Owner’s Equity $2,150 $2,350

Income Statement 2014

Sales $2,370

Cost of goods sold 2,070

Depreciation 200

EBIT 100

Interest expenses 20

Taxable income 80

Taxes 28

Net income $52

Dividends $2

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Answer:

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Compound X started in first quarter = 70,000 Barrels.

2. Finished goods unit = 50,000

Finished goods completed % = 100%

Finished goods equivalent Units = 50,000 * 100% = 50,000

Work in process unit = 20,000

Work in process completed % = 55%

Work in process equivalent Units = 20,000*55% = 11,000

Total Equivalent Unit = 50,000 + 11,000 = 61,000

Cost per equivalent unit = $231800/61000 = $3.80

Total cost = [Finished goods equivalent Units*Cost per equivalent unit] + [Work in process equivalent Units*Cost per equivalent unit]

Total cost = 50,000*$3.80 + 11,000*$3.80

Total cost = $190,000 + $41,800

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2 years ago
Imagine that in 2019 the economy is in long-run equilibrium. Then stock prices rise more than expected and stay high for some ti
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In the short-run, the effect on the price level and the real GDP is <em>a. Both the </em><em>price level </em><em>and </em><em>real GDP </em><em>rise.</em>

Since the economy is in long-run equilibrium in 2019, and the stock prices unexpectedly rise and stay high for a long time, it means that the price level does not:

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<u>Question Options</u>:

a. both the price level and real GDP rise.

b. the price level rises and real GDP falls.

c. the price level falls and real GDP rises.

d. both the price level and real GDP fall.

Thus, in the short-term of this economy both the price level and real GDP rise.

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According to the video, what are some common issues treated by Marriage and Family Therapists? Check all that apply.
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Explanation:

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The existence of conflict is an inevitable part of group dynamics.true or false
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Answer:

The statement is true

Explanation:

Group dynamics is a system of processes of psychological and behaviours which is occurring within a social group. As group is of two or more people so they have different behaviour or act upon differently. So, there is existence of conflict is an inevitable or unavoidable is a part of the group dynamics.

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3 years ago
Lopez Corporation incurred the following costs while manufacturing its product.
grandymaker [24]

Answer:

$358,150

Explanation:

Cost of goods manufactured is calculated in a Schedule of Manufacturing Costs as follows :

Cost of goods manufactured = Beginning Work In Process + Total Manufacturing Costs - Ending Work In Process

where,

Total Manufacturing Costs :

Materials used in product              $124,260

Depreciation on plant                     $69,650

Property taxes on plant                   $21,750

Labor costs of assembly-line        $120,570

Factory supplies used                     $25,810

Total                                               $362,040

therefore,

Cost of goods manufactured = $13,700 +   $362,040 - $17,590 = $358,150

8 0
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