Is unchopping tree possible?.(Unchopping Tree)

A business organized as a corporation is owned by its:

polet [3.4K]

Answer:

Stockholder

Explanation:

A business organized as a separate legal entity owned by stockholders is a corporation

7 0

3 years ago

A new manufacturing machine is expected to cost $278,000, have an eight-year life, and a $30,000 salvage value. The machine will

oksano4ka [1.4K]

Answer:

C) 4.2 years

Explanation:

The computation of the payback period is as follows;

As we know that

Payback Period = Initial cost ÷ Annual net cash flow

Here

Initial cost = $278000

Annual net cash flow = Incremental after tax + Depreciation per year

where,

Depreciation per year = (Original cost - Salvage value) ÷ Estimated Life

= ($278,000 - $30,000) ÷ 8 years

= $31,000

Annual net cash flow is

= $35000 + $31000

= $66000

So,

Payback Period is

= $278000 ÷ $66000

= 4.2 Years

4 0

4 years ago

Case X: Compute cash received from customers:

Inessa05 [86]

Answer:

Sahim Company

Case X: Cash received from customers = $508,600

Case Y: Cash paid for rent = $141,400

Case Z: Cash paid for merchandise = $481,500

Explanation:

a) Data and Calculations:

Case X: Compute cash received from customers:

Sales $ 515,000

Accounts receivable, December 31, 2013 27,200

Accounts receivable, December 31, 2014 33,600

Case Y: Compute cash paid for rent:

Rent expense $ 139,800

Rent payable, December 31, 2013 7,800

Rent payable, December 31, 2014 6,200

Case Z: Compute cash paid for merchandise:

Cost of goods sold $ 525,000

Merchandise inventory, December 31, 2013 158,600

Accounts payable, December 31, 2013 66,700

Merchandise inventory, December 31, 2014 130,400

Accounts payable, December 31, 2014 82,000

Case X: Cash received from customers:

Accounts receivable

Account Titles Debit Credit

Sales $ 515,000

December 31, 2013 27,200

December 31, 2014 $33,600

Cash received 508,600

Case Y: Cash paid for rent:

Rent Payable

Account Titles Debit Credit

Rent expense $ 139,800

December 31, 2013 7,800

December 31, 2014 $6,200

Cash paid 141,400

Case Z: Cash paid for merchandise:

Cost of goods sold $ 525,000

Merchandise inventory, December 31, 2014 130,400

Merchandise inventory, December 31, 2013 (158,600)

Purchases during 2014 $ 496,800

Accounts payable

Account Titles Debit Credit

December 31, 2013 $66,700

Purchases during 2014 496,800

December 31, 2014 $82,000

Cash paid for merchandise 481,500

3 0

3 years ago

The Optical Scam Company has forecast a sales growth of 20 percent for next year. The current financial statements are shown her

Stolb23 [73]

Answer:

The external financing needed for next year is $1,766,004.

Explanation:

The external financing needed for next year can be calculated using the following formula:

External financing needed = ((Total assets / Sales) * Change in sales) - ((Short-term liabilities / Sales) * Change in sales) - ((Projected sales * Profit margin) * (1 - Dividend payout ratio)) ................... (1)

Where;

Total assets = $24,705,000

Sales = $30,500,000

Change in sales = Sales * Sales growth rate = $30,500,000 * 20% = $6,100,000

Short-term liabilities = Accounts payable = $6,405,000

Projected sales = Sales * (1 + Sales growth rate) = $30,500,000 * (1 + 20%) = $36,600,000

Profit margin = Net income / Sales = $2,630,550 / $30,500,000 = 0.0862475409836066

Dividend payout ratio = Dividends / Net income = $1,052,220 / $2,630,550 = 0.40

Substituting all the values into equation (1), we have:

External financing needed = (($24,705,000 / $30,500,000) * $6,100,000) - (($6,405,000 / $30,500,000) * $6,100,000) - (($36,600,000 * 0.0862475409836066) * (1 - 0.4))

External financing needed = $1,766,004

Therefore, the external financing needed for next year is $1,766,004.

8 0

3 years ago

The following information is available for Carla Corporation for 2019 (its first year of operations).

Anastasy [175]

Answer:

The calculations and journal entries are shown below:

Explanation:

The computations are shown below:

a. The taxable income is

Pretax financial income $302,100

Less: Excess of tax depreciation over book depreciation -$43,800

Add: Rent received in advance deferred for book purposes $18,100

Taxable income $276,400

b. The journal entry is shown below:

Income tax expense $60,420

Deferred tax asset (20% × $18,100) $3,620

To Income tax payable (20% × $276,400) $55,280

To Deferred tax liability (20% × $43,800) $8,760

(Being the income tax expense, deferred income taxes, and income taxes payable for 2019 is recorded)

c. The journal entry is shown below:

Income tax expense $63,270

Deferred tax liability ($8760 ÷ 4 years) $2,190

To Income tax payable (20% × $309,200) $61,840

To Deferred tax asset (20% × $18,100) $3,620

(Being the income tax expense, deferred income taxes, and income taxes payable for 20 is recorded)

5 0

3 years ago

Is unchopping tree possible?.(Unchopping Tree)​

Is unchopping tree possible?.(Unchopping Tree)