The Spanish and Portuguese focused colonization in North America. True False

Statement of Cash Flows—Indirect Method

GaryK [48]

Answer:

Statement of Cash Flows

Cash flow From Operating Activities

Net income $524,580

Adjustment for Non Cash Items :

Depreciation expense - buildings $51,660

Depreciation expense - machinery and equipment $22,680

Patent amortization $5,040

Adjustments for Changes in Working Capital Items :

Increase in Accounts receivable -$73,080

Decrease in Inventories $134,680

Increase in Prepaid expenses -$6,400

Decrease in Accounts payable -$89,600

Net Cash From Investing Activities $569,540

Cash flow From Investing Activities

Buildings -$579,600

Net Cash From Investing Activities -$579,600

Cash flow From Financing Activities

Mortgage Note $224,000

Dividends Paid -$123,480

Net Cash From Financing Activities $100,520

Movement during the year $82,320

Cash and Cash Equivalents at beginning of the year $360,920

Cash and Cash Equivalents at end of the year $443,240

Explanation:

For Determination of Dividends Paid, open a Dividends Paid Account as follows :

Debit:

Cash (Balancing figure) 123,480

Balance c/d 32,760

Totals 156,240

Credit

Balance b/d 25,200

Dividends Declared 131,040

Totals 156,240

8 0

3 years ago

In response to dwindling sales of organic meats, Hain Celestial executives decided to promote the sale of organically grown nuts

3241004551 [841]

Answer:

Product substitute

Explanation:

Product substitute is defined as one that meets similar needs of the consumer. As demand for one of such goods rises the demand of the other tends to fall as the meet similar needs.

In the given scenario organic meats are seen as being substituted by organically grown nuts as a source of protein.

So when Hain Celestial has dwindling sales of organic meats they were considering organically grown nuts as a different product to give to customers

3 0

3 years ago

Suppose C1 and C2 form a partition of sample space S. Suppose A and B are two events such that the following statements are true

kirza4 [7]

Answer:

Option b. A and B are conditionally independent given C2.

Explanation:

The conditional probability of an event is the probability that a given event will occur given that another event, say A has already occurred.

In a case where events A and B are independent (in this case, where the probability of A has no effect on the probability of B occurring), the conditional probability of an event B given that A has taken place is simply the probability of the event A.

If the two events are not independent, then the probability of an event occurs as an intersection of set A and B.

6 0

3 years ago

Suppose that a firm has a price-earnings ratio which is higher than a value deemed to be normal. Investors tend to infer from th

Dmitrij [34]

Answer:

(C) The Firm's stock is overvalued and one should consider selling the stock

Explanation:

Price Earnings Ratio is a measure of market price of stock in relation to it's earnings. It shows how well a company's stock is valued in the market.

Price Earnings Ratio = $\frac{Market\ Price\ Per\ Share}{Earnings\ Per\ Share}$

A high price earnings ratio would lead investors to believe that the firm's stock prices are higher than it's earnings which means the stock prices are overvalued.

This further means, the market price of those stocks is greater than their fair value and it would be beneficial to investors to sell such stocks as it would result into a gain.

Thus, a higher price earnings ratio will lead investors to infer that the firm's stock is overvalued and one should consider selling the stock.

8 0

3 years ago

Income Statement (in Millions of Dollars) Net sales $100.0 Cost of sales 60.0 Selling, general, and administrative expenses 20.0

frez [133]

Answer:

the balance sheet is missing:

Balance Sheet (In millions of Dollars)

ASSETS

Cash $6.0

Accounts Receivable 14.0

Average Inventory 12.0

Fixed Assets, net 40.0

TOTAL ASSETS $72.0

LIABILITIES AND EQUITY

Accounts Payable $10.0

Salaries and Benefits Payable 2.0

Other current Liabilities 10.0

Long-term debt 12.0

Equity 38.0

TOTAL LIABILITIES AND EQUITY $72.0

a. Determine the length of the inventory conversion period.

inventory conversion period = average inventory / (COGS/365) = 73 days

b. Determine the length of the receivables conversion period.

receivables conversion period = accounts receivables / (net sales/365) = 51.1 days

c. Determine the length of the operating cycle.

length of operating cycle = 73 + 51.1 = 124.1 days

d. Determine the length of the payables deferral period.

length of the payables deferral period = accounts payables / (COGS/365) = 60.83 days

e. Determine the length of the cash conversion cycle.

cash conversion cycle = 73 + 51.1 - 60.83 = 63.27 days

f. What is the meaning of the number you calculated in Part e?

How long does it take to turn inventories into cash, it is a measure of asset liquidity.

8 0

3 years ago