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
Lorico [155]
3 years ago
9

Portions of the financial statements for Peach Computer are provided below.

Business
1 answer:
mamaluj [8]3 years ago
4 0

Answer:

$128,100

Explanation:

PEACH Computer

Statement of cash flow using direct method for the year ended 31 December 2018.

Cash flows from operating activity

Net income. $91,000

Adjustment to reconcile net income to net cash from operations

Depreciation expense. $47,000

Changes in working capital

Decrease in accounts re. $4,200

Increase in inventory. ($18,500)

Decrease in prepaid rent $1,700

Increase in accounts Payable $6,500

Decrease in Income tax Payable ($3,800)

Net cash flow from operating activities

$128,100

You might be interested in
Brenda owns a store in a small town. The store sells a small range of everyday and impulse products, such as chocolates, magazin
Monica [59]

Answer:

Convenience store

Explanation:

a Convenience store is a retail store that provides a range of everyday products and impulse products. they are usually located in fuelling stations or along busy roads . these stores are usually opened for long hours

3 0
3 years ago
Read 2 more answers
Bracken Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 2,100 client-visits, but
Vika [28.1K]

Answer:

the revenue variance is $1,990 unfavorable

Explanation:

The computation of the revenue variance is shown below:

Revenue variance

= Flexible revenue - actual revenue

= (2140 × $44.50)  - $93,240

= $1,990 Unfavorable

hence, the revenue variance is $1,990 unfavorable

8 0
3 years ago
Software Sales Supply is expected to pay its first annual dividend of $1.10 per share in Year 3. Starting in Year 6, the company
Andru [333]

Explanation:

Let the dividend paid in Year n be Dn

Given, D3 = $1.10

D4 = $1.10

D5 = $1.10

Growth in dividend from Year 6 = g = 3.2%

D6 = D5(1+g) = 1.10(1+0.032) = $1.135

Required Return = r = 13.1%

According to Gordon's Growth model,

P5 = D6/(r - g) = 1.135/(0.131 - 0.032) = $11.464

Present Value of the stock = P0 = D3/(1+r)3 + D4/(1+r)4 + D5/(1+r)5 + P5/(1+r)5

= 1.10/(1+0.131)3 + 1.10/(1+0.131)4 + 1.10/(1+0.131)5 + 11.464/(1+0.131)5

= <u>$8.22</u>

8 0
3 years ago
Accounting Employees view budgeting more positively when goals are established for them by senior management.
mezya [45]

Answer:

B

Explanation:

3 0
3 years ago
Computer Wholesalers restores and resells notebook computers. It originally acquires the notebook computers from corporations up
enot [183]

Answer:

The responses to these question can be defined as follows:

Explanation:

In question 1:

YES, the guarantee expense is an obligation.

In question 4:

                                    Journal entries:      

Date                      Title of Account                                  Dr               Cr

31-Dec                  expense Warranty (460000\times4\%)  18400  

                              Estimated liability Warranty                               18400

31-Jan                  Estimated liability Warranty   16000  

                                                      Cash                                                     16000

                                Balance on  Warranty Liability:    

Part -2  31-Dec Approximate amount of guarantee liability: $ 18400  

Part-3  31-Jan Approximate amount of guarantee liability: $ 2400

5 0
3 years ago
Other questions:
  • Suppose you are an analyst in the oil refinery industry and are responsible for estimating the equilibrium price and quantity of
    11·1 answer
  • Yvonne works in the distribution center for publix supermarket, creating and placing price and identification labels on merchand
    8·1 answer
  • A comparison between Operating Lease and Capital Lease Now assume that Company ABC leases an equipment for 5 years instead. Othe
    15·1 answer
  • In this situation, the male employees are individual members of an organization that are engaged in a conflict because of their
    12·1 answer
  • Skysong, Inc. took a physical inventory on December 31 and determined that goods costing $235,000 were on hand. Not included in
    13·1 answer
  • For the just completed year, Hanna Company had net income of $41,500. Balances in the companys current asset and current liabili
    11·1 answer
  • Consulting firms and human resource departments have spent innumerable hours attempting to develop executive compensation progra
    12·1 answer
  • The phases of project management are: A. planning, scheduling, and controlling. B. planning, programming, and budgeting. C. plan
    9·1 answer
  • How much does Regis Jesuit High School cost?
    13·1 answer
  • Yall anyone give me a mission statement to use please !!!!!
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!