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Maurinko [17]
3 years ago
13

For each of the following items, calculate the cash sources or cash uses that should be recognized on the statement of cash flow

s for Baldin Co. for the year ended December 31, 2019: Required: a. Sales on account (all are collectible) amounted to $762,000, and accounts receivable decreased by $22,700. How much cash was collected from customers
Business
1 answer:
Serhud [2]3 years ago
5 0

Answer:

$784,700

Explanation:

Data provided

Revenue from sales = $762,000

Decrease in accounts receivables = $22,700

The computation of cash received from customers is shown below:-

Cash receipts from customers = Revenue from sales + Decrease in accounts receivables

= $762,000 + $22,700

= $784,700

Therefore for computing the cash received from customers we simply applied the above formula.

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Roberto and Maria Martinez have a new loan in the amount of $80,000. The interest rate is 10%. The monthly payments are $710, pr
OverLord2011 [107]

Answer:

$79,913

Explanation:

The computation of the loan balance after two months loan payments is shown below:

$80,000 × 10% = $8,000 ÷ 12 =$666.67

$710 - $666.67 = $43.33

$80,000 - $43.33 = $79,956

$79,956 × 10% = $7,995 ÷ 12 = $666.30

$710 - $666.30 = $43.70

$79,956 - $43.70 = $79,912.8 i.e. $79,913

Hence, the loan balance after two months is $79,913

7 0
3 years ago
Crystal Ship Knitwear, Inc., is expanding its offerings from handmade winter hats, scarves, and gloves to include clothing such
lara31 [8.8K]

Answer: demand forecast

Explanation:

Demand forecast simply means predicting the demand for a particular good or service in order to determine supply and also make other necessary management decisions.

Based on the information that were provided in the question, to staff the new manufacturing facilities and brick-and-mortar stores properly, the company should conduct a demand forecast.

7 0
2 years ago
Profits and losses are split as follows: Allen (20%), Burns (30%), and Costello (50%). Costello wants to leave the partnership a
eduard

Answer:

A. $24,000

Explanation:

The missing information is shown below:

Allen capital $60,000

Burns capital $30,000

Costello capital $90,000

For computing the balance of Burns’s capital account, first we have to determine the different amount which is shown below:

= Paid amount - Costello capital  

= $100,000 - $90,000

= $10,000

This bonus amount would be deducted from the remaining partner's balances in the ratio of 3:2

For Burns, it would be  

= $10,000 × 3 ÷ 5

= $6,000

So, the burns capital amount would be

= $30,000 - $6,000

= $24,000

7 0
3 years ago
Harrisburg Furniture Company started construction of a combination office and warehouse building for its own use at an estimated
expeople1 [14]

Answer:

(a) $406,720

(b) $176,891

Explanation:

(a) (i) Interest payable on short term loan in 2020:

= 1,400,000 × 10%

= $140,000

Interest payable on long term loan in 2020:

= 1,000,000 × 11%

= $110,000

Weighted average interest rate:

= [(Interest payable on short term loan + Interest payable on long term loan) ÷ (1,400,000 + 1,000,000)] × 100

= [($140,000 + $110,000) ÷ (1,400,000 + 1,000,000)] × 100

= ($250,000 ÷ 2,400,000) × 100

= 10.42%

(ii) Avoidable interest on this project:

= (2,000,000 × 12%) + [(3,600,000 - 2,000,000) × 10.42%]

= 240,000 + 166,720

= $406,720

(b) Total capitalization cost:

= Cost to complete the construction + Avoidable interest

= $5,200,000 + $406,720

= $5,606,720

Depreciation:

= (Total capitalization cost - Salvage value) ÷ Estimated life

= ($5,606,720 - $300,000) ÷ 30

= $5,306,720 ÷ 30

= $176,891

7 0
3 years ago
A production center is available for 8 hours a day in a factory. It is comprised of several rotary parts, and the worker operati
den301095 [7]

Answer:

Total time: 8 Hours

Lubrication Requirement: Each day

Time Required for removing, Lubrication. reassembling= 2 Hours

So Availability of Production Center= 8 hours - 2 hours

Availability of Production Center = 6 Hours.

Explanation:

Production center will not be available for production in the time when rotary parts will be engaged in lubrication process. The rotary parts lubrication will take 2 hours each day.

So center will be available for production for 6 hours only.

5 0
3 years ago
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