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3 years ago

Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:

Business

2 answers:

weeeeeb [17]3 years ago

7 0

Answer:

$54,000

Explanation:

November December January

Sales 340000 320000 310000

Collection 80% 272000 256000 248000

20% 68000 64000 62000

Total 272000 324000 312000

cost of sales 255000 240000 232500

Ending Inv. 144000 139500

Expenses 24000 24000 24000

423000 403500

Opening Inv. (153,000)

as in balanced

Sheet

Total expenses 270000

Please note that payment for merhandise is made in the following month

Cash movement in December = 324000-270000 = 54000

Orlov [11]3 years ago

6 0

Answer: $54,000

Explanation:

Referring to the data regarding store operation given above, difference between cash receipt and cash disbursement for December could be calculated as follows;

December Cash receipt = (340,000*20%+320,000*80%) = 324,000

November Purchases = (340,000 × 75%)+(320,000 × 75% × 60%) - 153,000 = 246,000

December Cash payment = 246,000 +240,000 = 270,000

The difference between cash receipts and cash disbursement for December = 324,000 - 270,000 = 54,000

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Answer:

The depreciation for the first year is $75,000

Explanation:

In working hours method the depreciation on a fixed asset is charged using the ratio of numbers of hours utilized by the asset in a period and lifetime working capacity in hours.

First, we need to calculate the Depreciable value

Depreciable value = Cost of Asset - Salvage value = $315,000 - $15,000 = $300,000

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3 years ago

Another term for trade balance

cestrela7 [59]

Answer:

Another term for trade balance would be trade deficit.

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3 years ago

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The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a va

Wittaler [7]

Answer:

Answer for the question:

The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a variety of information on each county in America. In the third quarter of 2016, the QCEW reported the total taxable earnings, in millions, of all wage earners in all 3222 counties in America.

is given in the attachment.

Explanation:

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3 years ago

Golden Eye Co., a hi-tech satellite company, has asked you to value the company for possible cross-listing in the U.S. The compa

EastWind [94]

Answer:

Explanation:

Let's first determine the free cash flow of the firm

Particulars Years

1 2 3

EBIT 540 680 750

Tax at 36% (0.36*540) (0.36*680) (0.36*750)

Less: 345.6 435.2 480

Net Capital -

Spending 150 170 190

Change in NWC 70 75 80

Less: 125.6 190.2 210

The terminal value at the end of T =(3 years) is:

$= \dfrac{Free \ cash \ flow}{unlevered \ cost - expected \ growth \ rate}$

$= \dfrac{250}{0.1643-0.04}$

$= \dfrac{250}{0.1243}$

= 2011.26

Finally, the value of the firm can be computed as follows:

Years Free Cash Flow PVIF PV

1 125.6 0.6589 107.88

2 190.2 0.7377 140.31

3 210 0.6336 133.06

Terminal Value 2011.26 0.6336 1294.33

Value of the firm ⇒ $1655.58

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3 years ago

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $3,200 of dir

maw [93]

Answer:

Total job Costs added to Work In Process in October=$ 21, 700

Explanation:

Jaycee Corporation

Direct Materials requisitioned $3,200

Direct labor $4,700

Over head = 150% 0f $ 4700= $ 7050

Total Costs Added During September = $ 3,200+ $ 4,700+ $ 7050= $ 14950

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Direct Materials $3,700

Direct labor $7,200

Overhead = 150 % 0f $ 7,200 = $ 10,800

Total job Costs added to Work In Process in October= $ 3,700+ $ 7,200 + $10,800= $ 21, 700

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3 years ago