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3 years ago

Accounts receivable amounts to $215,000 for the beginning of the year and

Business

1 answer:

irga5000 [103]3 years ago

4 0

Answer:

2,70,000

Explanation:

Net Income 3,00,000

Adjustment to reconcile Net Income to Cash flow from Operating activities :

Increase in Accounts Receivable ($245000 - $ 215000) -30,000

------------

Net Cash flow from Operating Activities 2,70,000

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Bill is a yacht broker in the southeastern United States. For years he has had difficulty selling large yachts locally because t

mezya [45]

Answer:

complementary products

Explanation:

Yachts and spaces to dock are a clear example of complementary products.

If using more of good A requires using of more of good B, then those goods are complementary. In this case, for every additional Yacht sold, there must also be available space to dock, otherwise the value of the Yacht is hindered, thus making those products complementary.

5 0

3 years ago

Ralph buys a perpetuity due paying 500 annually. He deposits the payments into a savings account earning interest at an effectiv

Leto [7]

Answer:

X = 1523

Explanation

Perpetuity due = (C/r) + C. Where Annual payment C =500, Annual effective interest rate = 10%

Perpetuity due = (500/10%) + 500 = 5500

Value of perpetuity due will remain same after 10 years

Money in saving account can be calculated with FV of an Annuity due formula

FV = C*(1+r) *{(1+r) ^n−1} / r

Where n = 10 years

FV = 500*(1+10%) * {(1+10%)^10 - 1} / 10%

FV = 500*1.10 * [1.10^10 - 1 / 0.10}

FV = 550 * 1.5937424601/0.10

FV = 550 * 15.937424601

FV = 8765.58353055

FV = 8766

Total proceeds = 5500 + 8766 = 14266

Now this proceed is the present value for annual payment of X calculation . Formula of the present value (PV) of annuity due: PV = X * [1- (1+r) ^-n / r] * (1+r) : Where PV = 14266, Annuity payment X = ?, Interest rate r = 10%, Period of annuity = 20 years.

1.10^-20

PV = X * [1- (1+r)^-n / r] * (1+r)

14266 = X * (1 - (1+10%)^-20 / 10%) * (1+10%)

14266 = X * [1 - 0.14864362802/0.10]*1.10

14266 = X * [8.5135637198*1.10]

14266 = X * 9.3649

X = 14266 / 9.3649

X = 1523.347820051469

X = 1523

3 0

3 years ago

Who want to do 1v1 lol with me

Licemer1 [7]

On what lol ? I’m curious but yeah sure

5 0

3 years ago

Read 2 more answers

The standard deviation of a portfolio consisting of 30% of Stock X and 70% of Stock Y is:

andrew-mc [135]

Answer:

The portfolio SD is A. 20.65%

Explanation:

The standard deviation tells the total risk (both systematic and unsystematic) associated with a stock or a portfolio. The portfolio risk or the standard deviation of portfolio can be calculated using the following formula as attached in the picture below.

Using this formula, the standard deviation of the portfolio is:

SDp = √(0.3)² * (0.2)² + (0.7)² * (0.25)² + 2 * (0.3)*(0.7) * 0.4 * (0.2)*(0.25)

Portfolio SD = 0.20645 or 20.645% rounded off to 20.65%

5 0

3 years ago

At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job cost sheets the information is

IceJOKER [234]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Job 765:

Direct material= $5,670

Direct labor= $3,500

Machine Hours= 27

Job 766:

Direct material= $8,900

Direct labor= $4,775

Machine Hours= 44

Job 765 produced 152 units, and Job 766 consisted of 250 units.

Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $200 per hour.

Costs sheet:

Direct material= 5,670

Direct labor= 3,500

Allocated overhead= 200*27= 5,400

Total cost= 14,570

Unitary cost= 14,570/152= $95.85

Direct material= 8,900

Direct labor= 4,775

Allocated overhead= 200*44= 8,800

Total cost= 22,475

Unitary cost= 22,475/250= $89.9

6 0

3 years ago