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4 years ago

What percentage of your income should you save

Business

1 answer:

Eva8 [605]4 years ago

7 0

At least 20% should go to ur savongs

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Keyser Beverage Company reported the following items in the most recent year.

sladkih [1.3K]

Answer:

Net cash provided by operating activities = $49,730

Net change in cash during the year = $56,750

Explanation:

CASH FLOWS FROM OPERATING ACTIVITIES $

Net Income 43,490

Adjustments to reconcile net income to

net cash provided by operating activities:

Depreciation on Fixed Assets 7,970

(Increase) Decrease in Current Assets:

Accounts Receivables (10,700)

Increase (Decrease) in Current Liabilities:

Accounts Payable 8,970

NET CASH PROVIDED BY OPERATING ACTIVITIES 49,730

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Equipment (9,000)

NET CASH USED IN INVESTING ACTIVITIES (9,000)

CASH FLOWS FROM FINANCING ACTIVITIES

Payment of Cash Dividends (5,480)

Issue of notes payable 21,500

NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES 16,020

NET INCREASE (DECREASE) IN CASH 56,750

3 0

3 years ago

In 2017, Kerry Corp's financial statement showed accrued losses on disposal of unused plant facilities of $3,600,000. The facili

Margarita [4]

Answer:

$1,260,000 Asset

Explanation:

The amount that Kerry Corp should report is as follows:

Amount to be reported = $3,600,000 * 35% = $1,260,000 asset.

Deferred tax arises because of temporary differences which results in future deductible amount. Future deductible amount leads to reduce taxable income and will provide future economic benefits of the company.

8 0

3 years ago

Q 2.29: Val-Tek has current assets of $1,700,000 and current liabilities of $900,000. If they pay $100,000 owed to a creditor, w

irina1246 [14]

Answer:2 : 1

Explanation:

current ratio = current asset/current liability

If current liability was $900,000 less $100,000= $800,000

Therefore the current ratio=

$1,700,000/$800,000 =

2 : 1

3 0

4 years ago

Read 2 more answers

Q 6.3: Hanson Technology is a computer manufacturer. For years, Hanson has relied on the JIT inventory method. However, due to n

Taya2010 [7]

Answer:

The answer is: Their inventory levels will increase

Explanation:

When companies use the Just in Time (JIT) they reduce their ordinary inventory to a minimum level, without any safety stock and that help them lower costs and improve their efficiency.

Since Hanson is changing from the JIT inventory system to a more traditional inventory system, their inventory levels should increase to include certain safety stock levels.

6 0

3 years ago

Suppose that the projectile marble and target marble do not collide with their centers of mass

jok3333 [9.3K]

What? didnt quite understand your question.

5 0

3 years ago