Using the indirect method, the net cash is $93,900
Solution:
Cash flow from Operating Activities
Net Income $85,300
Depreciation Expense $12,000
Gain on Sale of Land ($7,500)
Increase in Merchandise Inventory ($2,050)
Increase in Accounts Payable $6,150
---------------
Net Cash $93,900
Remember:
Increase in current assets (accounts receivables, inventory), it means subtract.
Decrease in current assets, means, add.
Increase in current liabilities (accounts payable, tax liabilities), it means add.
Decrease in current liabilities, means, subtract.
Answer:
41 percent
Explanation:
Given : Budgeted Sales $112,900,000
Fixed Costs $25,000,000
Variable Costs $66,611,000
Contribution margin = Net Sales - Variable costs
= $112,900,000 - $66,611,000
= $ 46,289,000
Contribution Margin Ratio =
=
= 41%
Contribution margin ratio indicates the percentage of sales remaining so as to cover a firm's fixed expenses. It also represents how much percentage of sales is required to cover the variable costs.
It is also expressed as , 100 - Variable cost ratio (in percentage)
Answer:
see below
Explanation:
Opportunity cost is the sacrificed benefit by choosing a preferred option over others. The value of opportunity cost is the foregone benefit from the best alternative.
In this situation, the person had to choose between buying gas for the car or using that money to purchase food. Since the person opted to buy gas, they sacrificed having a meal for the rest of the day. The pleasure derived from eating is the opportunity cost for this person.
A group of creatures that are extremely rare, scarce, or infrequently encountered is referred to as a rare species.
Even though extinctions happen naturally, the pace of plant and animal extinctions today is substantially higher than it was previously. The main factor contributing to greater extinction rates is habitat loss.
The introduction of harmful nonnative species, pollution, disease transmission, and habitat changes are some additional causes. Overexploitation of wildlife for commercial gain is another. Species that are in risk of going extinct include those plants and animals that have become so scarce.
Animals and plants that are threatened with extinction across all or a sizable portion of their range are those that are very likely to do so in the near future. The most species are in danger from overuse of natural resources, such as overfishing, overhunting, and deforestation of forests. The extension of land for agriculture, cattle, wood, and aquaculture is another significant industry in the world.
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Answer:
The price per share should be $22.5
Explanation:
The price earnings multiple or P/E tells us how much price the investors are willing to pay for $1 earnings of the company.
We first need to calculate the earnings per share of the company.
Earnings per share = Net Income / Number of outstanding common shares
Earnings per share = 1500000 / 1000000 = $1.5 per share
Using the P/E for the industry, the price per share of Flintstone should be,
P/E = Price per share / Earnings per share
15 = Price per share / 1.5
15 * 1.5 = Price per share
Price per Share = $22.5