Answer:
$414000
Explanation:
Calculation to determine what Net cash provided by operating activities for the year is
Net income $394000
Less Receivable increased ($29000)
Less Accounts payable decreased ($12000)
Add depreciation expense $61000
Net Net cash provided by operating activities $414000
Therefore Net cash provided by operating activities for the year is $414000
Answer and Explanation:
The computation of the lower of cost or market for ending inventory applied separately to each product is presented below:
Product Units (A) Cost per Unit Market per Unit Minimum cost (B) Value (A × B)
Helmets 24 $50 $54 $50 $1,200
Bats 17 $78 $72 $72 $1,224
Shoes 38 $95 $91 $91 $3,458
Uniforms 42 $36 $36 $36 $1,512
Total cost $7,394
First we take the lower unit of cost or market and after than the lower unit should be multiplied with the number of units so that the ending inventory could come
Answer:
b. social benefits will be greater than private benefits
Explanation:
Positive externalities can be defined as those that produce positive effects for society in relation to the consumption of a good or service.
This is because the social benefit is the sum of the private benefit plus the sum of the external benefit.
An example of positive externality pertinent to the present is the fact that vaccinating people generates greater positive effects on society, because when vaccinating an individual there is less chance of having more people infected with some disease.
So it is correct to say that the social benefits will be greater than the private ones. Letter b.
Answer:
b. decreases both the money multiplier and the money supply.
Explanation:
An increase in reserve requirements will decrease the money supply in the economy. This is because, banks and other financial institutions will have lower excess reserves to lend out to the public hence decreasing the overall amount of borrowing . Based on money multiplier, the explanation is based on the following equation;
Money multiplier = 1/ required reserve , if the required reserve increases then the fraction will be smaller. Therefore, the money multiplier will decrease too.
Answer:
11.58%
Explanation:
The computation of the cost of preferred stock is shown below:
Cost of preferred stock = (Annual dividend) ÷ {Price of preferred stock per share × (1 - flotation cost)}
= ($11) ÷ {($100 × (1 - 0.05)}
= $11 ÷ $95
= 11.58%
Simply we divide the annual dividend by the price of preferred stock per share after considering the flotation cost so that the correct cost of preferred stock can be computed
