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3 years ago

Who is responsible for maintaining roads in lynchburg va?

1 answer:

7 0

The agency that is responsible for the roads in Lynchburg, Virginia is the Virginia Department of Transportation. This is a state agency is that is responsible for all of the roads in the state of Virginia. Some of the things that they do is to maintain all roadways, operating the roads, and building the roads. They also make sure to keep the roadways clear of ice in the winter by putting down chemicals and salt to keep the ice melted off the major roadways. They also plow the roads in the winter. In the summer, they start clearing off the sides of roads of grass and debris. The county road crews are normally only filling potholes and other minor issues with roads in the area.

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Cash $5,900 $7,000 Accounts receivable 61,400 51,500 Short-term debt investments (available-for-sale) 35,000 18,200 Inventory 40

shepuryov [24]

Answer:

Cash Flow Statements-Indirect Method

Explanation:

Amount in $

Cash Flows from Operating Activities

Net Income 22,400

Adjustments:

Income Tax Expense 5,600

Income Tax Paid (5,900-3900+5600) (7,600)

Accounts Received (51,500-61,400) 9,900

Short term Investment Made (18,200-35,000) (16,800)

Inventory (60,500-40,000) 20,500

Prepaid Rent (4,100-5000) (900)

Depreciation (25,100-35,200) 10,100

Accounts Payable (40,100-46,100) 6,000

Salaries (4000-8000) 4,000

Gain/Loss on Sale of Equipment (9,400-2,100) 7,300

Cash Generated from operations 60,500

Cash Flows from Investing Activities

Total Assets Purchased (297,300-310,800-19800) (32,500)

Proceeds from sale of equipment (12,200)

Cash Flows from Financing Activities

Dividend Paid ( 6,100)

Short Term Loans (10,000-8,100) (1,900)

Long Term Loans Paid (69,300-60,400) (8,900)

Net Decrease in Cash and Cash Equivalents (1,100)

Cash at Beginning 7,000

Cash at ending <u>5,900</u>

3 0

4 years ago

Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experien

Rudik [331]

Answer:

Gross profit= 131,500

Explanation:

Giving the following information:

Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experienced these variances: Materials price: $2,400 F Materials quantity: $1,400 U Labor price: $2,000 U Labor quantity: $1,000 F Overhead: $1,500 F

To calculate the cost of goods sold, we use actaul costs and quantity of direct labor and direct materials. Therefore, the only estimated cost is overhead.

Gross profit= 220,000 - 90,000 + 1,500= 131,500

4 0

3 years ago

At retirement, Susan plans take the investment balance from her mutual fund account and the balance from her 401K account and co

Rasek [7]

Answer:

It is safer to invest in an IRA account. If she withdraws she will be penalized a large sum.

Explanation:

4 0

3 years ago

A firm is experiencing a loss of $5,000 per year. The firm has fixed costs of $8,000 per year.a. Should the firm operate in the

kramer

Answer:

(a) Continue to operate.

(b) Shut down

Explanation:

(a) It is given that the firm will experiencing a loss of $5000. Therefore, it means that a loss of $5,000 is borne by the producer of the fixed cost. It is a portion of fixed cost but the firm will continue to operate in the short run if it covers all of the variable cost in the short run.

(b) The firms in the long run try to cover all of its variable and fixed cost. If this situation persists then this firm unable to cover its all costs. Therefore, the firm will shut down its operation and go out of the business.

There is a reduction in the fixed cost by $6,000

Previously firm able to cover = $8,000 - $5,000

= $3,000

It means that it cover its fixed cost and hence, the firm will operate in both short run and long run.

4 0

3 years ago

A firm has fixed costs (FC) of $10,000. Its variable costs (VC) to produce 5,000 widgets are $2,000 and to produce 10,000 widget

Akimi4 [234]

Answer:

The firm's total cost (TC) to produce 5,000 widgets is $12,000.

Explanation:

Total Cost : It is the sum of Fixed cost and Variable cost

where,

Variable cost is the cost which is change when production level changes. while, fixed cost is the cost which is fixed whether production level change or not.

The following information is given in the question:

1. Fixed cost = $10,000

2. Variable cost for 5,000 widgets = $2,000

3. Variable cost for 10,000 widgets = $3,000

The formula for calculating Total Cost to produce 5,000 widgets is shown below:

Total cost = Fixed cost + Variable cost

= $10,000 + $2,0000

= $12,000

Since, the question is asking for only $5,000 widgets and in the given question, the variable cost is given for $5,000 widgets is $2,000 . So, this variable cost is used and for the fixed cost the amount will be same.

Thus, The firm's total cost (TC) to produce 5,000 widgets is $12,000.

3 0

3 years ago