All categories

3 years ago

Consider the following facts for health haven?

Business

1 answer:

pochemuha3 years ago

7 0

Answer:

attached below is the missing part of the question

$17000

Explanation:

1) calculate the cash dividends

= beginning earnings + net income for the period - ending retained earnings

= $44000 + $57000 - $68000 = $33000

2 ) calculate the amount of cash receipt from the sale of plant assets

first we will calculate the dep on sale of plant products

= beginning accumulated depreciation + depreciation expense - ending accumulated depreciation

= 22500 + 12000 - 24500 = $10000

next we calculate the cost of sale of plant assets

= beginning plant asset + acquisition new plant assets - ending plant asset

= $123500 + $29000 - $131500 = $21000

Hence the cash receipt from the sale plant assets = cost of sale of plant assets - dep on sale of plant products + gain on the sale of plant assets

= 21000 - 10000 + 6000 = $17000

You might be interested in

Suppose winston's annual salary as an accountant is $60,000, and his financial assets generate $4,000 per year in interest. one

DedPeter [7]

Economic profit is calculated as:

Economic profit = Total Revenues – Total Cost

Total cost both includes explicit and implicit cost. In this case, the explicit cost is $8,000 while the implicit cost is $64,000. Explicit cost is a direct payment made to run the business while implicit cost is the opportunity as accountant that is lost. Therefore,

Economic profit = $150,000 – ($8,000 + $64,000)

<span>Economic profit = $78,000</span>

6 0

3 years ago

Use the cost information below for Laurels Company to determine the cost of goods manufactured during the current year: Direct m

Zanzabum

Answer:

$16,100

Explanation:

Add the total manufacturing costs for the year to determine the cost of goods manufactured during the current year. Also remember to account for change in work in process inventory.

3 0

3 years ago

The ending retained earnings balance of the Taco Heaven restaurant chain increased by $2.6 million from the beginning of the yea

Vika [28.1K]

Answer: $4.1 million

Explanation:

From the question, we are informed that the ending retained earnings balance of the Taco Heaven restaurant chain increased by $2.6 million from the beginning of the year and that the company had declared a dividend of $1.5 million.

The net income earned during the year will be:

= $2.6 million + $1.5 million

= $4.1 million

5 0

3 years ago

The title of this talk is “Profit’s Not Always the Point.” But do you think profit is an added perk for companies that make the

Fantom [35]

Explanation:

<h2><em><u>The title of this talk is “Profit's Not Always the Point.” But do you think profit is an added perk for companies that make the effort to promote positive social change? Explain. Yes, if you can promote social change and make money it is great. Their doing what they said they would and making money.</u></em></h2><h2 />

7 0

2 years ago

Selma owns a roofing business. She enjoys being her own boss, but her satisfaction comes at a price. Her days are filled with or

Basile [38]

Answer:

D. Sole proprietorship.

Explanation:

We know it's definitely is a sole proprietorship because of 'unlimited personal liability' which is a key characteristic.

Selma's business is not a joint venture because she is the only person who invested and runs the business whereas a joint venture is created by two or more entities or 'shared ownership'

Nor is it a corporation for this is an 'organization' owned and manned by many people but is regarded as a single entity. Neither is her business an s corporation because that just the same as a corporation but just with different tax regulations.

3 0

3 years ago