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3 years ago

The accounting records of EZ Company provided the data below.

Business

1 answer:

Brrunno [24]3 years ago

7 0

Answer:

Net cash flow from operating activities = $62,200

Explanation:

EZ Company

Statement of Cash Flow

Particulars Amount ($)

Net Income 50,000

Net cash flow from operating activities:

Depreciation expense 7,000

Amortization of patent 500

Amortization of premium on bonds 1,000

Decrease in accounts receivable 2,000

Increase in inventory (1,500)

Decrease in salaries payable (800)

Increase in accounts payable 4,000

Net cash used or provided 12,200

Net cash flow from operating activities =$62,200

Cash dividend is a financing activities, that is why it is not added or deducted in the operating activities.

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miv72 [106K]

Answer:

The answer is 9.85%

Explanation:

The number of periods N = 9years(10 years minus 1 year ago)

Yield to Maturity (I/Y) = ?

Present value of the bond (PV) = $950.70

Future value of the bond(FV) = $1,000

Annual payment (PMT) = $90 (9% x $1,000)

Using a financial calculator to solve the problem ( BA II plus Texas instruments):

Yield to Maturity (I/Y) = 9.85%

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3 years ago

he income statement columns in the end-of-period spreadsheet show that debits are equal to $26,754 and credits are $68,142. what

neonofarm [45]

The information that the statement columns in the end-of-period spreadsheet mean to the accountant is the accounts have not been updated and a net income of $41,388. The correct option is b and c.

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An accountant is a person who manages and calculates the accounts or finance of a company, a firm, or a person. He calculates the capital of the person, manage taxes and give advice about the finance of the person.

Given that, debits are $26,754 and credits are $68,142. If we subtract the debit from the credit. We see a net income of $41,388.

Thus, the correct option is b. the accounts have not been updated. c, net income of $41,388.

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1 year ago

Select the examples that best demonstrate likely tasks for Revenue and Taxation workers. Check all that apply.

ArbitrLikvidat [17]

Awnser: A, B, and E.

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2 years ago

The __________ hand is the metaphor used to refer to market coordination, whereas the __________ hand is the metaphor used to re

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Answer:

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3 years ago

Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assem

Ivahew [28]

Answer:

Results are below.

Explanation:

Giving the following information:

Supervisor salaries $117,000 per month

Depreciation $21,000 per month

Direct labor rate $15 per hour

Cabinets per hour= 60/20= 3

We need to determine the flexible budget for different production levels:

12,000 units:

Total direct labor hours= (12,000 / 3)= 4,000 hours

Total variable cost= 4,000*15= 60,000

Total fixed costs= 21,000 + 117,000= 138,00

Total cost= $198,000

15,000 units:

Total direct labor hours= (15,000 / 3)= 5,000 hours

Total variable cost= 5,000*15= 75,000

Total fixed costs= 21,000 + 117,000= 138,00

Total cost= $213,000

18,000 units:

Total direct labor hours= (18,000 / 3)= 6,000 hours

Total variable cost= 6,000*15= 90,000

Total fixed costs= 21,000 + 117,000= 138,00

Total cost= $228,000

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2 years ago