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zvonat [6]
3 years ago
8

Use the following information to calculate cash received from dividends: Dividends revenue $ 32,300 Dividends receivable, Januar

y 1 3,100 Dividends receivable, December 31 4,400 Multiple Choice $27,900. $31,000. $35,400. $32,300. $33,600.
Business
1 answer:
drek231 [11]3 years ago
4 0

Answer:

$31,000

Explanation:

Calculation for the cash received from Dividend

Beginning dividends receivable + Dividend revenue - dividends paid = Ending dividends receivable

Hence,

Using this formula

Dividends paid = Beginging dividends receivable + dividend revenue - Ending dividends receivable

Let plug in the formula

= 3,100+32,300-4,400

=31,000

Therefore the amount of cash received from dividend will be $31,000.

Thus the dividend revenue is not the dividends which was received in cash, but instead it is the dividends which was earned during the period.

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Answer:

A cash outflow of $82 million is correct answer

Explanation:

Options:

A cash outflow of $12 million.

A cash outflow of $78 million.

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A cash outflow of $82 million.

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8 0
3 years ago
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A public works department in a metropolitan area is looking into buying a major equipment to enhance productivity. The initial c
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Answer:

B. The payback is approximately three years

Explanation:

The computation of payback period for this equipment purchase is shown below:-

<u>Year              Cash flow          Cumulative cash flow</u>

0                   -$600,000             -$600,000

1                     $250,000              -$350,000

2                    $200,000              -$150,000

                 ($250,000 - $50,000)

3                    $150,000                  0

                 ($200,000 - $50,000)

4                    $100,000                $100,000

                  ($150,000 - $50,000)

5                    $50,000                  $150,000

         ($100,000 - $50,000)

Here, Cumulative cash flow in the year o is -$600,000 and as we can see that cumulative cash flow in year 3 is 0.

Therefore the payback period lies in 3 years.

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If you chance to acquire numerous admissions from all the choices you had made, it is also up to you to make an easy pick. So always choose the greatest option available.

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