From 1960 until 2012, the long-run average rate of inflation in the united states was

Cindy's Ceramics engaged in a like-kind exchange that resulted in a $3,000 gain. In addition to the like-kind property received

Vika [28.1K]

Answer:

$3,000

Explanation:

Data provided in the question

Gain received while exchanged = $3,000

Received cash = $5,000

Based on the above information, the Cindy recognize the gain i.e $3,000 which is received while exchanged it

Therefore in the given case, the Cindy have to recognize the gain for $3,000

The cash amount received should be ignored

7 0

4 years ago

Prepare a statement of cash flows using the indirect method for the year ended June 30, 2019. (Amounts to be deducted should be

juin [17]

Answer:

IKIBAN INC.

Statement of cash flow using indirect method for

the year ended June 30, 2019

Particulars Amount $

Cash flow from operating activities

Net Income 145,510

Adjustments to reconcile net income to net

cash provided by operating activities

Adjustment for non cash effects

Depreciation 81,600

Gain on sale of equipment -4,300

Change in operating assets & liabilities

Increase in accounts receivable -25,500

Decrease in inventory 34,200

Decrease in prepaid expenses 3,300

Decrease in accounts payable -16,500

Decrease in wages payable -11,300

Decrease in income taxes payable -2,700

Net cash flow from operating activities (A) 204,310

Cash Flow from Investing activities

New equipment purchased -80,600

Equipment sold 12,300

Net cash Flow from Investing activities (B) -68,300

Cash Flow from Financing activities

Cash dividends paid -162,310

($31,000 + $145,510 - $14,200)

Common stock issued 83,000

Notes payable paid -30,000

Net cash Flow from Financing activities (C) -109,310

Net Change in cash = A+B+C $26,700

($204,310 - $68,300 - $109,310)

Beginning cash balance $67,000

Closing cash balance $93,700

5 0

4 years ago

The intensive care unit lab process has an average turnaround time of 26.2 minutes and a standard deviation of 1.35 minutes. The

olga55 [171]

Answer: yes

Explanation:

Upper specification = 30 minutes

Lower specification = 20 minutes

Average service = 26.26minutes

Sigma= 1.35 minutes

7 0

3 years ago

On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $ 40 comma 500 comma 000. Tyson's management expec

Bess [88]

Answer:

$5,220,128.80

Explanation:

For computing the depreciation expense for 2018 under the units of production method, first we have to determine the per unit which is shown below

= (Original cost - residual value) ÷ (estimated production hours)

= ($40,500,000 - $44,000) ÷ (31,000 hours)

= ($40,456,000) ÷ (31,000 hours)

= $1,305 0.322

Now for the year 2018, it would be

= Production hours in 2018 × depreciation per unit

= 4,000 hours × $1,305 0.322

= $5,220,128.80

7 0

3 years ago

today, boyd crowder signed loan papers agreeing to borrow $4,523.31 at 9 percent compounded monthly. the first monthly loan paym

MrRissso [65]

Loan payments must be made before the loan is paid in full $5178.24.

Loan Payment means the amount payable by the Borrower to repay a Loan under the terms of the Loan Agreement, Debenture, and Bond Mortgage.

There are three payment methods for a mortgage: equal installments, equal installments, and fixed equal installments. The repayment method depends on a variety of conditions, such as whether you want to pay the same amount each month or whether you want to pay it back within a certain period of time.

Using EMI formula:-

P×R × (1 + r )^n ÷ (1 + r )^n -1

we find number = 36 month.

Hence, total Loan paymeny

36x 143.84 =

$5178.24

Learn more about payments here:-brainly.com/question/2151013

#SPJ4

3 0

2 years ago