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3 years ago

Lacey Company prepared the tabulation below at December 31, 2022. Net Income $310,000

Business

1 answer:

valentinak56 [21]3 years ago

5 0

Answer:

Net cash provided by operating activities is $325,000.

Explanation:

Lacey Company

Cash Flow Statement (Operating Activities Only)

December 31, 2022.

Details Amount ($)

Net Income 310,000

Depreciation expense 45,000

Increase in accounts receivable (55,000)

Decrease in inventory 12,000

Increase in accounts payable 6,000

Increase in prepaid expenses (4,000)

Decrease in income taxes payable 3,500

Gain on disposal of land 7,500

Net cash provided (used) by operating activities  325,000 

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f interest rates rise but the quantity of loanable funds demanded and supplies remains constant, this implies that Group of answ

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Answer:

The demand and the supply of loanable funds both remained the same.

Explanation:

If the interest rates rise, but both demand and supply of loanable funds remanin constant, this means that demand and supply remained the same.

This would be a problem in the real world, because when interest rates rise, what should happen is that the supply of funds rise, while demand falls, because a rise in interest rates makes investment more expensive since interset rates are simply the price of the loanable funds.

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3 years ago

A firm has determined its cost of each source of capital and its optimal capital structure which is comprised of the following s

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Answer:

10.25%

Explanation:

Data provided in the question:

Long-term debt = 45%, after-tax cost = 7%

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Now,

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= Long term debt × after-tax cost + Preferred stock × after-tax cost + Common stock equity × after-tax cost

= 0.45 × 0.07 + 0.15 × 0.10 + 0.40 × 0.14

= 0.0315 + 0.015 + 0.056

= 0.1025

= 0.1025 × 100%

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3 years ago

The accounting records of Brownwood Company revealed the following information: Work in process inventory, Jan 1 58,000 Work in

ivanzaharov [21]

Answer:

$721,000 is correct

Explanation:

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=721,000

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3 years ago

Which marketing management philosophy focuses on the question, "what do customers want and need?".

svp [43]

Answer:

Which marketing management philosophy focuses on the question, "What do customers want and need?" -do research on its customers, competitors, and markets. -establish and maintain mutually satisfying relationships with customers.

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2 years ago

In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio, respectively. T

Mamont248 [21]

Answer:

D) 137000 39000

Explanation:

Allen 140,000

Daniel 40,000

Capital before admission 180,000

share ratio 3:1

Capital after admission:

180,000 + 40,000 = 220,000

David participation: 20%

220,000 x 20% = 44,000

David investment 40,000

goodwill: 4,000

There is a difference in goodwill which will be supported for the old partner as their current share ratio

Allen 4,000 x 3/4 = 3,000

Daniel 4,000 x 1/4 = 1,000

Capital after David admission:

140,000 - 3,000 = 137,000

40,000 - 1,000 = 39,000

6 0

3 years ago