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MArishka [77]
3 years ago
5

Which financial statement would best display a company's plant, property, and equipmnt used everyday

Business
1 answer:
yuradex [85]3 years ago
4 0

Answer:

Balance sheet

Explanation:

Balance sheet is referred to as the statement of assets and liabilities. Property plant and equipment are shown in balance sheet with a schedule of addition, deletion and depreciation is attached to it. Hence, the financial statement that would best display a company's plant, property and equipment used everyday is the Balance sheet.

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A​ firm's operating cash flow​ (OCF) is defined as​ ________. A. gross profit minus operating expenses B. EBIT times one minus t
Sloan [31]

Answer:

B. EBIT times one minus the tax rate plus depreciation

Explanation:

The formula to calculate the operating cash flow is given below:

Operating cash flow = EBIT + Depreciation expenses - Income tax expense

The EBIT stands for earning before interest and taxes

And, EBIT - income tax expense = Earning after taxes (EAT)

The operating cash flow is the amount which is left after paying all the expenses related to cash

6 0
3 years ago
The Baldwin Company currently has the following balances on their balance sheet: Total Assets $167,705 Total Liabilities $69,461
Andrews [41]

The common stock next year would be $32546

The total assets (current) =  $167,705

Total assets (next year) = $167,705 +  $55,000 = $222705

The total liabilities (current)=  $69,461

The total liabilities (next year)=  $69,461

The total retained earnings (current) = $88,498

The total retained earnings (next year) = $88,498 + 44,200 - $12000 = $120698

<u>Common stock (current)</u>

=  $167,705 - $69,461-$88,498

= $9746

<u>Common stock (next year)</u>

= $222705 - $69,461 - $120698

= $32546

The common stock next year would be $32546

Read more on common stock:

brainly.com/question/25749153

5 0
3 years ago
Sales this year at Donna's Pawn Shop have been high, and based on several factors, Donna projects next year's sales to also be g
nalin [4]

Answer: Contingency planning

Explanation: In simple words, it refers to the planning for an upcoming event that may or may not occur in the future. This planning is usually done by organisation so that they can act accordingly if any problem in business operations occurs in future.

In the given case, even after having positive forecast, Donna is planning for future uncertainty such as unexpected stoppage on sales.

Thus we can conclude that this is the type of contingency planning.

4 0
3 years ago
On January 1, 2021, the Highlands Company began construction on a new manufacturing facility for its own use. The building was c
lutik1710 [3]

Answer:

$207,800

Explanation:

Date          Expenditure   Weight    Average

January 1   $980,000        12/12       $980,000

March 31    $1,580,000      9/12        $1,185,000

June 30     $1,256,000      6/12        $628,000

Sept. 30     $980,000        3/12        $245,000

Dec. 31       $780,000        0/12        <u>$0             </u>

Total                                                   <u>$3,038,000</u>

<u>Calculation of average interest rate for general debt</u>

                              Amount     Rate     Interest

Bonds                 $8,000,000   11%     $880,000

Long term rate   <u>$2,000,000</u>   6%      <u>$120,000</u>

Total                    <u>$10,000,000</u>            <u>$1,000,000</u>

Average interest rate = $1,000,000 / $10,000,000

Average interest rate = 10%

<u>Calculation of interest capitalized</u>

Note: General debt = $3,038,000 - $2,400,000 = $638,000

                          Average         Interest rate  Capitalized interest

Specific debt   $2,400,000            6%                 $144,000

General debt   $638,000               10%                <u>$63,800</u>

Total                                                                        <u>$207,800</u>

7 0
3 years ago
Compute the 2019 Federal income tax liability and the marginal and effective tax rates in each of the following independent case
SVEN [57.7K]

Answer:

  • Tax liability = $24,222.50
  • Marginal rate = 24%
  • Average rate = 19.35%

Explanation:

Question requires that we find the Tax liability, Marginal rate and Average rate.

Tax liability:

Chandler is in the $84,200 to $160,725 bracket.

= 14,382.50 + 24% * (125,200 - 84,200)

= 14,382.50 + 9,840

= $‭24,222.5‬0

Marginal rate = 24%

Chandler's bracket is the 24% bracket.

Average rate:

= Tax/ Taxable income

= 24,222.50 / 125,200

= 19.35%

5 0
2 years ago
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