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3 years ago

The amount of cash to be reported on the balance sheet at June 30 is the

Business

1 answer:

drek231 [11]3 years ago

7 0

Answer:

The answer is C.

Explanation:

It will not be proper to just choose the balance in the cash ledger or the one in the bank because the balance as per the cash ledger in the book might be different from the balance in the bank statement in the bank.

So to eliminate this differentiation, bank reconciliation needs to be done. After this reconciliation has been carefully done, the adjusted cash balance in the reconciliation will be used.

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Partnerships operate as both an entity and as a collection of individuals. When it comes to taxes, partnerships are a (an) _____

Arte-miy333 [17]

Answer:

The correct answers are "collection of individuals " and "pay no income tax".

Explanation:

A partnership itself does not pay income taxes directly. The partnership files an information return that allows it not to pay the income directly. However, while the partnership itself is not taxed on its income, each partner is taxed on his or her share of the partnership's income.

Have a nice day!

8 0

3 years ago

In the challenging world of retail sales, Macy's, Inc.'s (M's) revenues are declining while expenses are generally flat. Based o

Papessa [141]

Answer

a) Gordon's Constant Growth model : P0 = D1 / (r-g)

r = 3% =0.03 , g= -7% = -0.07 , D0 = $5.1

D1 = D0*(1+g)

D1 = 5.1*(1-0.07)

D1 = $4.743

P0 = 4.743/(0.03- (-0.07))

P0 = 4.743/0.10

P0 = $47.43

So, Stock M should sell at a price of $47.43 today

b) Price 8 years from now

==> P8 = D9/(r-g)

P8 = D0*(1+g)^9/(r-g)

P8 = 5.1* (1-0.07)^9 / (0.03- (-0.07))

P8 = 5.1*0.52041108298 / (0.03- (-0.07))

P8 = 2.65410

P8 = $26.54

c) Investor may want to buy the stock today for the Dividends. If the dividends paid are high enough, the present value of the dividends is also high and may more than compensate the fall in stock price. This type of stocks work and give cash flows like a project where the initial cashflows are higher and later cashflows are less because of market factors.

8 0

2 years ago

TransWave International is a company that markets patented electronic sensors as an early warning device for locating potential

frozen [14]

Answer:

The right option is option C. Team selling

Explanation:

The scenario above shows how TransWave International using team selling

Team selling is a group of people representing the sales department and other functional areas in the firm. The idea behind the concept is that teamwork and sharing knowledge can benefit the bottom line of a firm. It is a sales strategy that involves two-plus members of an organization working together to win business.

Therefore, TransWave sending an environmental expert, a safety engineer, a legal representative to explain new regulations enacted by the U.S. Office of Pipeline Safety, and an experienced pipeline expert when it meets with a prospect is an example of how TransWave uses Team selling

4 0

2 years ago

The sarbanes-oxley act created the _____ to oversee the accounting firms that audit public corporations and to establish rules a

krek1111 [17]

The answer would be the option A.

Hope this helps !

Photon

5 0

3 years ago

Consider a Swiss subsidiary (Swiss AS) of a US firm, Kendall Systems. The current exchange rate is $0.80/SF. Swiss AS sells 6 mi

makvit [3.9K]

Answer:

The Cash flows in $ post-depreciation of SF is $20.70 million. The right answer is b

Explanation:

To calculate the Cash flows in $ post-depreciation of SF we would to have to make the following table:

Description Domestic sale Export sale Total

Selling revenue -

(3000000*15) 45,000,000 45,000,000

(3000000*20) 60,000,000 60,000,000

Variable cost

(3000000*10) (30,000,000) (30,000,000)

Contribution 45,000,000

Fixed cost (6,000,000)

Depreciation (1,000,000)

Profit before tax 38,000,000

Tax 30% (11,400,000)

Profit after tax 26,600,000

Add depreciation 1,000,000

Cash profit after tax 27,600,000

Exchange rate $ 0.75

Cash flow in USD 27,600,000*0.75

Cash flow in USD $ 20,700,000

The Cash flows in $ post-depreciation of SF is $20.70 million

7 0

3 years ago