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Tanya [424]
3 years ago
5

Identify financial statement by type of information) Butler Tech, Inc., is expanding into India. The company must decide where t

o locate and how to finance the expansion. Identify the financial statement where these decision makers can find the following information about Butler​ Tech, Inc. In some​ cases, more than one statement will report the needed data.
a. Revenue
b. Common stock
c. Current liabilities
d. Long-term debt
e. Dividends
f. Ending cash balance
g. Adjustments to reconcile net income to net cash provided by operations
h. Cash spent to acquire the building
i. Income tax expense
j. Ending balance of retained earnings
k. Selling, general, and administrative expense
l. Total assets
m.Net income
n. Income tax payable
Business
1 answer:
olchik [2.2K]3 years ago
6 0

Answer:

a. Revenue - Income Statement

b. Common Stock - Balance Sheet

c. Current liabilities - Balance Sheet

d. Long-term Debt - Balance Sheet

e. Dividends - Statement of Shareholder Equity / Statement of Retained Earnings

f. Ending Cash Balance - Balance Sheet

g. Adjustment to reconcile net income to net cash provided by operations -Statement of Cash Flows

h. Cash spent to acquire the Buildings - Statement of Cash Flows

i. Income tax expense - Income Statement

j. Ending Balance of retained earnings - Statement of Shareholder Equity / Statement of Retained Earnings / Balance Sheet

k. Selling general and administrative expenses - Income Statement

l. Total Assets - Balance Sheet

m. Net Income - Income Statement / Statement of Shareholder Equity / Statement of Retained Earnings

n. Income tax payable - Balance Sheet

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Phil, age 20, is single and can be claimed as a dependent on his parent's return. He had $150 in interest income and wages of $7
Korvikt [17]

Answer: B - $7,150

Explanation: Standard taxation is an option by IRS to reduce an inidvidual taxable income. this is subject to an individuals filling status.

Phil who is aged 20, single and who can claim a dependent on his parents tax filling return. As of 2019, his standard tax deduction is limited to his earned income plus $350.

According to the above question, Phil earns $7,000 as wages plus $150 in interest income.

From the above information, Phil has a standard tax of $7,150.

3 0
3 years ago
Exercise 20-18 Budgeted cash receipts LO P2 Jasper Company has sales on account and for cash. Specifically, 70% of its sales are
horsena [70]

Answer:

$1,756,600.

Explanation:

                                         P2 Jasper Company

                                     Budgeted cash Receipt

                                           For the 2nd quarter

                                                           April                   May                  June

Accounts Receivable                        $400,000

70% in the month of Sale                  $367,500          $374,500      $392,000

30% in the month after Sale                                        $110,250        $112,350

Budgeted cash receipt                     $767,500           $484,750       $504,350

Total budgeted cash receipt for the 2nd quarter = $767,500 + $484,750 + $504,350 = $1,756,600.

30% in the month after sale means 30% amount will be received in the following month.

6 0
3 years ago
________ refers to how people make decisions in a lottery or with uncertainty. People do not generally make expected value decis
allsm [11]

Answer:

The correct answer is c. Prospect theory.

Explanation:

Prospective theory belongs to behavioral economics and stands out as an alternative model to the expected utility theory, since the validity of the rational agent's neoclassical assumption is questioned. This theory was developed by Nobel laureate Daniel Kahneman and his collaborator Amos Tversky in his »Prospect Theory: An Analysis of Decision under Risk” (1979). They used the results obtained from both his own empirical observations, as of several experiments.

Individuals set preferences based on a specific situation and circumstances, rather than in absolute terms. This means that depending on their initial situation, agents will act in one way or another. One of the results of this reasoning leads to behavioral asymmetries between situations of possible losses or gains. Individuals, for example, are generally more risk averse than profit lovers. An endowment effect is also derived from this analysis, since the compensation required by someone to dispose of a good is greater than what they would be willing to pay to acquire it.

4 0
2 years ago
A package of Supreme Security Software compares the software’s features against its competitors’ features. The result is a matri
Sophie [7]

Answer:

True

Explanation:

4 0
3 years ago
Healthy Hots, a fast-food restaurant that offers heart-healthy food, is experiencing several difficul- ties with operations. Alt
Bumek [7]

Answer:

The manager should start by analyzing the current job structure. He or she should spend time working beside the employees to assess what each employee does. Employee areas of responsibility must be evaluated to ensure that they are working to the fullest of their capability without being spread too thin. Maybe training can be implemented to assist in employee production. Are the employees being adequately compensated for the amount of work they are ask to perform?

I would study the personality traits of the employees as a means to reveal their motivation for working at Healthy Hots. Implementing avenues to reinforce that motivation and raise moral within the current staff is also essential. Unhappy employees will have reduced production rates and create an unpleasant work environment.

Team building is also important. Most working adults spend more of their awake time at work than at home. Therefore, people who work together tend to form a familiar bond. Removing anything that remotely promotes favoritism and/or tension in the workplace will reduce turnover.

Explanation:

6 0
3 years ago
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