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In its cash flow statement for the current year, Fox Co. reported cash paid for interest of $70,000. Fox did not capitalize any

Nina [5.8K]

Answer:

$76,000

Explanation:

The calculation of the interest expense is shown below:

= Reported amount of cash paid for interest + Decrease in prepaid interest - decrease in accrued interest payable

= $70,000 + $23,000 - $17,000

= $76,000

The decrease in prepaid interest is classified as a current asset and the accrued interest payable is current liabilities and we know that the rise in current assets and a decline in current liabilities are excluded, while the decline in current assets and an increase in current liabilities are included.

6 0

3 years ago

Suppose 70% of all companies are classified as small companies and the rest as large companies. Suppose further, 82% of large co

aleksandrvk [35]

Answer:

a) p(small) = 0.126

p(large) = 0.246

b) p(small) = 0.6613

p(large) = 0.3387

c) 37.2%

Explanation:

A) determine that the company picked is a large company or small company

condition : the company provides training to its employees

Given data:

p( small ) = 0.7, p( large ) = 0.3, p( training ∩ small ) = 0.18, p( training ∩ large ) = 0.82 , p( No-training ∩ small ) = 0.82 , p( no-training ∩ large ) = 0.18

A) hence the probability of picking a small company that provides training

P( small | training ) = P(Training ∩ Small)* P(Small) = 0.18 * 0.7 = 0.126

Probability of picking a large company that provides training

P( large | training ) = P(training ∩ Large) *P(Large) = 0.82 * 0.3 = 0.246

B) Determine the revised probabilities that company picked is large or small

Revised probability for a large company; P( large | training )

P(Large | training) = P(Large ∩ training) / P(training)

= 0.246 / ( 0.126 + 0.246 ) = 0.6613

P( small | training ) = P( small ∩ training ) / P(training )

= 0.126 / ( 0.126 + 0.246 ) = 0.3387

C) Overall percentage of companies that offer training

p( training ) = 0.126 + 0.246 = 0.372 = 37.2%

3 0

3 years ago

True or false: Native advertising is being studied by both industry associations and US federal government regulators, who are c

tekilochka [14]

Answer:

The statement is: True.

Explanation:

Native advertising refers to matching the form and function of the promotion with the medium it is being published. In other words, it is the type of advertising transmitted in a similar medium of what the product might be used for. Nowadays it is more commonly spread in social media and the products inherent with its use.

The Federal Trade Commission Act (FTC) is in charge of the advertising in the U.S. Along with the government, the FTC reviews deceiving promotion that does not link the content of the products offered with their true form. The Bureau of Consumer Protection is the body that enforces regulation on fraudulent marketing practices granted by the FTC.

5 0

4 years ago

To become financially responsible, you need to accept that you are accountable for your financial future.

DaniilM [7]

Answer:

true

Explanation:

3 0

4 years ago

Read 2 more answers

Careless mining and timber harvesting in tropical forests can destroy entire species of flora and fauna, create soil problems, a

maw [93]

Answer:

if there are a significant amount of resources in the rainforest for it to be taken because if there isnt a plentiful amount for the animals, the animals wont get what they need which would hurt their population.

8 0

3 years ago