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Gemiola [76]
3 years ago
7

Kristoff Walker operates his own catering service. Summary financial data for February are presented in equation form as follows

. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in owner's equity, except transaction (5), affects net income..
Assets = Liabilities + Owner's Equity
Cash + Supplies + Land = Accounts Payable + Kristoff Walker, Capital - Kristoff Walker, Drawing + Fees Earned - Expenses
Bal. 34,700 4,500 86,800 9,400 116,600
1. +40,600 +40,600
2. -17,400 +17,400
3. -30,200 -30,200
4. +1,700 +1,700
5. -2,300 -2,300
6. -8,300 -8,300
7. -3,500 -3,500
Bal. 17,100 2,700 104,200 2,800 116,600 -2,300 40,600 -33,700.

What is the amount of the net decrease in cash during the month?
Business
2 answers:
wariber [46]3 years ago
8 0

Answer:

- $17,600

Explanation:

The computation of the net decrease in cash during the month is shown below:

= $40,600 - $17,400 - $30,200 - $2,300 - $8,300

= - $17,600

After calculating the items which are presented in the column 1 represent the net decrease in cash for $17,600 amount.  

The net decrease in cash represents an outflow of cash. In this, the chances of loss may be higher than the loss.

AveGali [126]3 years ago
3 0

Answer:

$4,000

Explanation:

Net gross increase = $(40,600 + 40,600 + 1,700 + 1,700) = $84,600

Net gross decrease = - $( 30,200 + 30,200 + 2,300 + 2,300 + 8,300 + 8,300 + 3,500 + 3,500) = -$88,600

∴ Net decrease = -$88,600 + $84,600 = $4,000

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Two traditional economies are trying to industrialize. The leaders of the first favor a command economic system. The leaders of
attashe74 [19]

Answer:

In the country that promotes free-market economy is expected to start seeing firms arriving in this country and invest in those activities where this country has a comparative advantage.

Explanation:

This would lead to an efficient allocation of productive resources taking the economy to optimum production. The technology and tools will rapidly spread, and the industrialization process will be achieved. In the other country, investment and technology implementation is lead by the government allocating resources inefficiently and delaying industrialization.

8 0
3 years ago
MM Proposition II with taxes: Group of answer choices explains how a firm's WACC increases with the use of financial leverage. r
schepotkina [342]

Answer:

explains how a firm's WACC increases with the use of financial leverage.

Explanation:

According to the MM Proposition II with taxes, the cost of equity rises with the increases use of debt in the capital structure of a firm.  

r_{e} = r_{o} +( r_{o}  - r_{d} ) × \frac{D}{E}

As cost of equity increases, the firm's WACC increases also

The  MM Proposition I with taxes reveals how utilizing the tax shield on debt causes an increase in the value of a firm

4 0
3 years ago
Jamestown Supply is trying to decide whether to lease or buy some new equipment. The equipment costs $72,000, has a 4-year life,
DochEvi [55]

Answer:

$15,708

Explanation:

Calculation to determine What is the amount of the aftertax lease payment

Using this formula

Aftertax lease payment=Leased equipment(1-Tax rate)

Let plug in the formula

Aftertax lease payment = $23,800 (1 - 0.34)

Aftertax lease payment=$23,800(.66)

Aftertax lease payment = $15,708

Therefore the amount of the aftertax lease payment is $15,708

3 0
3 years ago
What is the capacity of the machine in batches unfinished batch?
Oxana [17]

Complete Question:

You are considering the purchase of a new machine to help produce a new product line being introduced.  The machine is expected to have a setup time of 10 minutes per batch and a processing time of 2 minutes per part.  You plan to have batch sizes of 50 parts.  The plant operates 8 hours per day.

What is the capacity of the machine in batches per day?

Answer:

The capacity of the machine in batches = 4 batches per day.

Explanation:

a) Data and Calculations:

Set up time per batch = 10 minutes

Processing time per part = 2 minutes

Batch sizes = 50 parts

Plant operation = 8 hours per day

b) Capacity in batches per day:

Total batch time = 10 + 50 * 2 = 110 minutes

Total minutes of operation  per day = 8 * 60 = 480 minutes

Capacity in batches = 480/110 = 4.36 or approximately 4 batches

c) Each batch produces 50 parts with each part taking some 2 minutes and an additional batch setup time of 10 minutes, giving a total of 110 minutes per batch.  Since there are some 480 (8 * 60) minutes available per day, it means that the entity can only run about 4 batches (480/110) per day.  These 4 batches will consume a total of 440 minutes (110 x 4), leaving some 40 minutes as unutilized time.

4 0
3 years ago
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,050 in assets in exchange for i
hoa [83]

Answer:

$3,260

Explanation:

Preparation of December statement of cash flows for Ernst Consulting

ERNST CONSULTING Income Statement

For Month Ended October 31

REVENUES

Consulting fees earned $17,450

Total revenues $17,450

EXPENSES

Rent expense $4,530

Salaries expense $8,090

Telephone expense $880

Miscellaneous expenses $690

Total expenses $14,190

Net income $3,260

($17,450-$14,190)

Therefore December statement of cash flows for Ernst Consulting will be $3,260

5 0
3 years ago
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