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zhuklara [117]
4 years ago
11

Thunder Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balanc

e Assets: Cash and cash equivalents $ 28 $ 31 Accounts receivable 60 65 Inventory 41 42 Property, plant, and equipment 454 380 Less accumulated depreciation 206 172 Total assets $ 377 $ 346 Liabilities and stockholders' equity: Accounts payable $ 43 $ 45 Bonds payable 190 260 Common stock 41 40 Retained earnings 103 1 Total liabilities and stockholders' equity $ 377 $ 346 Income Statement Sales $ 874 Cost of goods sold 533 Gross margin 341 Selling and administrative expense 161 Net operating income 180 Income taxes 54 Net income $ 126 The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend of $24. Required: Prepare a statement of cash flows in good form using the indirect method.
Business
1 answer:
tigry1 [53]4 years ago
3 0

Answer and Explanation:

The preparation of the cash flow statement is presented below:        

                                Thunder Corporation's

                                  Cash flow statement

Cash flow from operating activities

Net operating income $180

Adjustment made

Add: Depreciation expenses $34  ($206 - $172)

Add: Decrease in account receivable $5 ($60 - $65)

Add: Decrease in inventory $1 ($41 - $42)

Less: Decrease in account payable $2 ($43 - $45)

Net cash provided by operating activities  $164

Cash flow from investing activities  

Purchase of Property, plant, and equipment -$74 ($454 - $380)

Net cash used by investing activities -$74

Cash flow from financing activities

Repayment of bond payable -$70 ($190 - $260)

Issuance of the common stock $1 ($41 - $40)

Dividend paid -$24

Net cash used by financing activities -$93

Decrease in cash -$3

Add: Beginning cash balance $31

Ending cash balance $28

The items which displayed in a positive sign indicates the cash inflow and the items which displayed in a negative sign indicates the cash outflow

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Explanation:.

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Training is important because it represents a good opportunity for employees to grow their knowledge base and improve their job skills to become more effective in the workplace. Despite the cost of training for employees, the return on investment is immense if it is consistent.

There are several reasons it is important for employers to initiate training programs for their employees, such as:

It improves skills and knowledge

Employee training programs help improve the knowledge and skills of employees to match the various changes in the industry. These improvements will positively affect the productivity of workers, which can increase the profits and efficiency of an organization. Some of the things employees may learn through training include work ethics, human relations and safety.

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8 0
3 years ago
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Which resource can be used for electricity, vehicle fuel, and heat?
mario62 [17]
<span>Petroleum is the main resource that can be used for electricity, vehicle fuel, and heat. It is a naturally occurring substance that is processed and added with other ingredients to perform efficient functions of many mechanical activities in society. Petroleum prices all over the world vary when the petroleum market’s values fluctuate through time.</span>
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3 years ago
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Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coco
timurjin [86]

After the trade the other island has a total of 150 coconuts and 1300 fish.

<h3>What do you mean by the comparative advantage?</h3>

Comparative advantage refers to the maximization of the efficiency of the economy and its well being by focusing on the production of those resources, which country can produce and exports them in the exchange of those goods, which a country does not produce.

One can have the comparative advantage at production if it could produce the goods at lower cost as compare to the others.

Here, both the islands focus only on the making of the thing they're best at doing.

Learn more about the comparative advantage here:-

brainly.com/question/13221821

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2 years ago
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Aziz Company sells two types of products, Basic and Deluxe. The company provides technical support for users of its products, at
8090 [49]

Answer:

Req 1 15 $ cost per call

Req 2 Delux = 6,750$ and Basic 2,250$.

Explanation:

This question has two requirement one is to determine the company's cost of technical support per customer service call (Req 1) and the other is to assign technical support cost to each model using activity based costing (Req 2).

Req 1

The first requirement is quite simple. Cost of technical support per customer service call can be determine by dividing expected cost with expected number of customer service call we can get our answer

Cost per CSC =150000/10000 = 15

Req 2

Activity-based costing (ABC) is a costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.

In this question company has two product i.e delux and basic model. Cost for each product can be determine by multplying cost per csc with number of call received for each product.

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3 0
4 years ago
The Osgood county refuse department runs two recycling centers. Center 1 costs $40 to run for an eight hour day. In a typical da
Vaselesa [24]

Answer:

Center 1 should be open 7 days a week, and center 2 should be open 6 days a week. Total cost = $580

Explanation:

minimize the following equation 40A + 50B

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A = center 1

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constraints:

140A + 100B ≥ 1540

60A + 180B ≥ 1440

A ≤ 7

B ≤ 7

A, B ≥ 0

using Solver, the optimal solution is 7A + 6B = 580

4 0
3 years ago
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