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3 years ago

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

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According to the 2018 Value Line Investment Survey, the growth rate in dividends for Ralph Lauren for the next five years will b

pantera1 [17]

Answer:

Higher than 0.5%

Explanation:

Since the rate of return is calculated as dividend payment/stock price + dividend growth rate and since that growth rate for the next five years will be 0.5 %, than rate of return will be higher than 0.5 %.

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3 years ago

Daniel Co. has 500 employees who work 8-hour days and are paid hourly. On January 1, 2020, Daniel started granting its employees

Jobisdone [24]

Answer:

The amount of expense for compensated absence to report in income statement for 2020 is $2,000,000.

Explanation:

This can be calculated using the following formula:

Amount to report in income statement for 2020 = Number of employees * Hourly wages in 2020 * Number of hours worked daily * Vacation Days Earned by Each Employee .......................... (1)

Where;

Number of employees = 500

Hourly wages in 2020 = $25

Number of hours worked daily = 8

Vacation Days Earned by Each Employee = 20

Substituting the values into equation (1) we have:

Amount to report in income statement for 2020 = 500 * $25 * 8 * 20

Amount to report in income statement for 2020 = $2,000,000

Therefore, the amount of expense for compensated absence to report in income statement for 2020 is $2,000,000.

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2 years ago

The median annual household income in a certain community of 21 households is $50,000. If the mean income of a household increas

Ostrovityanka [42]

Answer:

answer is Cannot be determined

Explanation:

given data

household income = $50,000

increases = 10% per year

time = 2 year

solution

as we know that here mean is increase by 10 percentage

but from the mean percentage increase in does not meaning that it will increase median also with same percentage

because median also increase by some percentage if data is move up

but we can not say it will move with same percentage

so here answer is Cannot be determined from given data

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2 years ago

Bronson Industries reported a deferred tax liability of $8 million for the year ended December 31, 2017, related to a temporary

swat32

Answer:

Please see attachment

Explanation:

Please see attachment

8 0

3 years ago

On November 1, Bahama National Bank lends $3.8 million and accepts a six-month, 6% note receivable. Interest is due at maturity.

babymother [125]

Answer and Explanation:

The journal entries are shown below:

a. Note receivable Dr $3,800,000

To Cash $3,800,000

(Being the acceptance of the note is recorded)

For recording this we debited the note receivable as it increased the assets and credited the cash as it decreased the liabilities

b. Interest receivable Dr $38,000

To Interest revenue $38,000

(Being the interest revenue is recorded)

For recording this we debited the interest receivable as it increased the assets and credited the interest revenue as it increased the revenue

The computation is shown below:

= $3,800,000 × 6% × 2 months ÷ 12 months

= $38,000

7 0

2 years ago