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3 years ago

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

Business

1 answer:

sladkih [1.3K]3 years ago

3 0

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

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Katie sells her personal use automobile for $12,000. she purchased the car three years ago for $25,000. what is katie's recogniz

shepuryov [24]

Hello there!

Katie would have to report this and also have it written on on her (tax return) statement. The reason why she would have to do this is because if she were to do that she wouldn't be stealing money pratically.

She would be experiencing a (gain) of money. The reason to why she would be experiencing this would be because first she bought the car originally for 25,000 and she is now selling it less than for what she bought which means she is getting he me taxes for the 25,000 and not only that,but she ifls also getting a 12,000 from selling her car.

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She would be getting a (gain).

5 0

4 years ago

At an activity level of 8,400 units in a month, Braughton Corporation’s total variable maintenance and repair cost is $697,284 a

Juli2301 [7.4K]

Answer:

$1,169,685

Explanation:

The total variable cost is dependent on the level of activities. Usually, it increases as the level of activities increases.

Given that at an activity level of 8,400 units in a month, Braughton Corporation’s total variable maintenance and repair cost is $697,284, at an activity level of 8,500,

the total variable maintenance and repair cost would be

= (8500/8400) × $697,284

= $705,585

Then, the total maintenance and repair cost, both fixed and variable, at an activity level of 8,500 units in a month

= $464,100 + $705,585 (Assuming

= $1,169,685

3 0

4 years ago

In the second half of the twentieth century, Japan experienced exceptional growth. According to World Bank data, in 1985, Jap

Aleks04 [339]

Answer:

$17.02 trillion

Explanation:

The computation of the projected GDP in 2010 is shown below:

= Japan's GDP × (1 + annual growth rate)^difference in years

= $3.67 trillion × (1 + 6.33%)^25

= $3.67 trillion × (1.0633)^25

= $3.67 trillion × 4.6386899679

= $17.02 trillion

The difference in years would be

= Year 2010 - Year 1985

= 25 years

Hence, all the given information is relevant

7 0

3 years ago

The Busby Corporation had a share price at the start of the year of $26.20, paid a dividend of $0.56 at the end of the year, and

Westkost [7]

Answer:

D) 13%

Explanation:

Calculation for the percentage that is closest to the rate of return of investments

First step is to find the balance amount of the share price using this formula

Share price =(End of the year Share price + End of the year dividend)-Start of the year Share price

Let plug in the formula

Share price =($29.00+$0.56)-$26.20

Share price =$29.56-$26.20

Share price =$3.36

Second step is to find the rate of return of investments

Using this formula

Rate of return of investments= Share price/Start of the year Share price

Rate of return of investments

Let plug in the formula

Rate of return of investments=$3.36/$26.20

Rate of return of investments=0.13*100

Rate of return of investments=13%

Therefore the percentage that is closest to the rate of return of investments in companies with equal risk to The Busby Corporation for this perio will be 13%

4 0

3 years ago

The following is the adjusted trial balance for Baker Services. Accounts Debit Credit Cash $34,000 Accounts Receivable 28,000 Pr

marta [7]

Answer:

Ending RE 153,000

Explanation:

Retained Earning will be calcualte as follows:

$$$Beginning Retained Earnings$$$+/- Net Income/Loss$$$- Dividends$$$Equals Ending Retained Earning$

We need to solve for the net incoem in order to solve for ending Retained Rearnings (RE)

Net Income: Revenues - Expenses

Service Revenue 280,000

Salaries Expense (62,000)

Depreciation Expense (5,900)

Supplies Expense (14,000)

Insurance Expense (14,600)

Utilities Expense (20,000)

Net Income 163,500

Retained Earnings 11,500

Net Income 163,500

Dividends (22,000)

Ending RE 153,000

7 0

4 years ago