Answer:
The Sheen’s cash flows from operating activities is $95 million
Explanation:
Cash flows from operating activities :
The cash flow from operating activities includes all those activities which are of short term period. Like changes in working capital or we can say increase in currents assets or decrease in current assets or increase/decrease in current liabilities.
The increase in current liabilities increase the cash balance, hence it is added and decrease in current liabilities decrease the cash balance. But in the case of current asset, it is opposite.
The depreciation expense and loss on sale of equipment is added. So, we take them in the computation part.
The cash flow from operating activities is equals to
= Net income + depreciation expenses + loss on sale of equipment - increase in accounts receivable + increase in accounts payable - increase in inventory
= $90 + $3 + $2 - $1 + $4 - $3
= $95 million
Hence, the Sheen’s cash flows from operating activities is $95 million
Cost of Land:Purchase price for land: 264,000Purchase price for old building : 159,000Demolition cost for old building: 32,000Cost to fill and level lot: 47,304Total cost of Land: 502,304
Cost of new building and Land improvementCost of new building: 1,232,100Cost of land improvements: 77,774Total construction cost: 1,309,874
Land (Debit 502,304)Land improvement (Debit 77,774)Building (Debit 1,232,100)Cash (Credit 1,812,178)
Answer:
a. Your trade will be executed at the bid price of 55.25.
b. Your trade will be executed at the ask price of 55.50.
Explanation:
First note that:
The bid price is the highest price a buyer will pay for a security.
The ask price is the lowest price a seller will accept for a security.
Therefore, we have:
a. Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed? (Round your answer to 2 decimal places.)
Since you are the buyer, your trade will be executed at the bid price of 55.25. This is because the bid price is the highest price you as a buyer will pay for a security.
b. Suppose you have submitted an order to sell at market. At what price will your trade be executed? (Round your answer to 2 decimal places.)
Since you are the seller, your trade will be executed at the ask price of 55.50. This is beecausee the ask price is the lowest price uou as a seller will accept for a security.
Answer:
D. $193,750
Explanation:
Calculation for the wages and salaries in the flexible budget for July
FLEXIBLE BUDGET FOR JULY
Using this formula
Flexible budget= Wages and salaries Cost formula per month+Actual activity press runs*Wages and salaries per press runs+Actual activity book set-ups*Wages and salaries book set-up
Let plug in the formula
Flexible budget=$8,850+201*400+110*950
Flexible budget=$193,750
Therefore the wages and salaries in the flexible budget for July would be closest to $193,750
