1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Scilla [17]
3 years ago
5

Marks Corporation's balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cas

h equivalents $ 47 $ 37 Accounts receivable 53 57 Inventory 63 60 Property, plant, and equipment 548 440 Less accumulated depreciation 295 255 Total assets $ 416 $ 339 Liabilities and stockholders' equity: Accounts payable $ 52 $ 50 Bonds payable 260 250 Common stock 51 50 Retained earnings 53 (11 ) Total liabilities and stockholders' equity $ 416 $ 339 Net income for the year was $77. Cash dividends were $13. The company did not dispose of any property, plant, and equipment, retire any bonds payable, or repurchase any of its own common stock during the year. Required: Prepare a statement of cash flows in good form using the indirect method.
Business
1 answer:
Vinvika [58]3 years ago
3 0

Answer:

<u>statement of cash flows using the indirect method.</u>

Cash Flow from Operating Activities

Net income for the year was                                              $77

Adjustment of Non-Cash Items :

Depreciation                                                                        $40

Adjustment for Working Capital items:

Decrease in Accounts receivable                                       $4

Increase in Inventory                                                          ($3)

Increase in Accounts Payable                                             $2

Net Cash From Operating Activities                                $120

Cash Flow from Investing Activities

Purchases of Property, plant, and equipment              ($108)

Net Cash used in Investing Activities                            ($108)

Cash Flow from Financing Activities

Proceeds from Common Stock Issue                                 $1

Dividends Paid                                                                  ($13)

Net Cash used in Financing Activities                             ($12)

Net Cash Inflow/(Outflow) during the period                   $10

Cash and Cash Equivalents at Beginning of the Period $37

Cash and Cash Equivalents at End of the Period            $47

Explanation:

<u>Show the Movement of Cash in the 3 categories of </u>

  1. Cash flow from Operating Activities
  2. Cash flow from Investing Activities
  3. Cash flow from Financing Activities
You might be interested in
Vignana corporation manufactures and sells hand-painted clay figurines of popular sports heroes. shown below are some of the cos
SVETLANKA909090 [29]

Answer:

$175,000

Explanation:

Conversion costs are production costs that must be incurred in order to change raw materials into products.

Therefore, we have:

Total of the conversion costs = Cost of clay used in production + wages paid to the workers who paint the figurines = $76,000 + $99,000 = $175,000

8 0
3 years ago
1. A manager uses the following equation to predict monthly receipts: Y=450+10t time in weeks and y = receipts.) What is the for
Degger [83]

Answer:

1. 690

2. Do not reject the null hypothesis.

Explanation:

1. Month       t

At the end of Feb    6

March                       4

April                          4

May                           4

June                          2

14th of July               2

Total                         24

Therefore on 14th July, t = 24

Forecast: Y = 450+10t = 450 + 10*24 = 450+240 = 690

2. Options are <em>"a. Reject the null hypothesis. b. Do not reject the null hypothesis. c. Take a larger sample. d. Reserve judgment"</em>

In general, if test statistic is more extreme than the critical values at given level of significance then we reject the null hypothesis otherwise we do not reject the null hypothesis.

Here, test statistic for the given two tailed test is Z = -1.07 and critical value at level of significance α = 0.5 is ± 1.96 . Since -1.96<Z<1.96, we can say that we do not reject Null Hypothesis as the test statistic is not extreme than the critical value at given level of significance.

7 0
3 years ago
Assume that you are willing to postpone consumption of​ $1,000 today and buy a certificate of deposit​ (CD) at your local bank w
r-ruslan [8.4K]

Answer:

the amount that should be show more money for spending is $80

Explanation:

The computation of the amount that should be show more money for spending is as follows;

= Certificate of deposit × reward for saving or postponing consumption percentage

= $1,000 × 8%

= $80

hence, the amount that should be show more money for spending is $80

8 0
3 years ago
One joint of marijuana impairs a person more than having a blood alcohol content of _____ %.
Yanka [14]
Answer: 0.8%


hope this helps
4 0
3 years ago
The following materials standards have been established for a particular product:
GREYUIT [131]

Answer:

(i) $1,295 Favorable

(ii) $3,744 Unfavorable

Explanation:

Actual price = Actual cost of materials ÷ Actual materials purchased

                    = $43,105 ÷ 3,700

                    = $11.65

Materials price variance = Actual Quantity (Actual Price - Standard Price)

                                         = 3,700($11.65 - $12.00)

                                         = $1,295 Favorable

Standard Quantity = Actual output × Standard quantity per unit of output

                               = 560 × 4.8

                               = 2,688

Materials quantity variance:

= Standard Price (Actual Quantity - Standard Quantity)

= $12.00 (3,000 - 2,688)

= $3,744 Unfavorable

3 0
3 years ago
Other questions:
  • Can title insurers that issued a policy with a major defect require the purchasers of the policy to act as plaintiffs in order t
    14·1 answer
  • What is the major difference in focus between a location decision in the service sector vs. The manufacturing​ sector?
    15·1 answer
  • Which of the following will affect the size of your monthly mortgage payment?
    7·2 answers
  • Quote from the scenario four challenges faced by the music industry
    14·1 answer
  • First Fidelity Insurance received a call from Second Fifth Bank regarding Margaret Gessner, a former Fidelity employee. Gessner
    6·2 answers
  • Which nims management characteristic includes developing and issuing.
    6·1 answer
  • What's your annual income if you're unemployed?
    5·1 answer
  • Zach company previously recorded receiving $1,000 cash in advance. Zach company has earned ½ of the amount. the adjusting entry
    7·1 answer
  • An employer hiring in a competitve labor market should hire additional labor as lnog as?
    15·1 answer
  • A firm has ROA (Return on Assets) of 16% and has the debt ratio of 30%. What's the firm's ROE (Return on Equity)?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!