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Igoryamba
3 years ago
8

Exercise 12-7 Shown below are comparative balance sheets for Flint Corporation. Flint Corporation Comparative Balance Sheets Dec

ember 31 Assets 2017 2016 Cash $ 201,348 $ 65,142 Accounts receivable 260,568 225,036 Inventory 494,487 559,629 Land 236,880 296,100 Equipment 769,860 592,200 Accumulated depreciation—equipment (195,426 ) (94,752 ) Total $1,767,717 $1,643,355 Liabilities and Stockholders’ Equity Accounts payable $ 115,479 $ 127,323 Bonds payable 444,150 592,200 Common stock ($1 par) 639,576 515,214 Retained earnings 568,512 408,618 Total $1,767,717 $1,643,355 Additional information: 1. Net income for 2017 was $275,373. 2. Depreciation expense was $100,674. 3. Cash dividends of $115,479 were declared and paid. 4. Bonds payable amounting to $148,050 were redeemed for cash $148,050. 5. Common stock was issued for $124,362 cash. 6. No equipment was sold during 2017. 7. Land was sold for its book value. Prepare a statement of cash flows for 2017 using the indirect method.
Business
1 answer:
lubasha [3.4K]3 years ago
8 0

Answer:

Greg ....... and also bob lol

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Why are only final goods and services included in the calculation of GDP?
zavuch27 [327]

Answer:

Only final goods and services are included in the calculation of GDP to avoid counting things multiple times.

Explanation:

In the calculation of the GDP only final goods and services are included because the prices of the these already have the costs of all the things that were used to produce them. If we count the intermediate products and services that were used for the final output, we will be double counting which will give a result that is not a correct estimation.

5 0
3 years ago
Nissan’s all-electric car, the Leaf, has a base price of $32,780 in the United States, but it is eligible for a $7500 federal ta
katen-ka-za [31]

Answer:

Nissan's all-electric car, the Leaf

PV cost of Leaf Purchase =   $16,529

PV cost of Leasing =             $12,944.78

The company should lease the car.

Explanation:

a) Costs incurred to purchase the Leaf:

Base price                    $32,780

less Federal tax credit ($7,500)

Charging station             2,200

less 50% tax credit         (1,100)

Cash paid                  $26,380

Sales value after 3 yrs (9,851) ( $26,380 - 40% of base discounted to PV)

Net PV Investment    $16,529

b) Calculation of Discounted Present Values of Payments under Leasing, using online financial calculator:

PV (Present Value) $12,944.78

N (Number of Periods) 3.000

I/Y (Interest Rate) 10.000%

PMT (Periodic Payment)   $4,200.00

Starting Investment $2,500.00

Total Principal $15,100.00

Total Interest $2,129.50

c) The purchase of the Leaf would involve a present value cost of $26,380 after deducting all the savings from tax.  The 40% sales value of the car at the end of 3 years = $13,112 ($32,780 x 40%).  When this sales value is discounted to PV of $9,851, the PV of the car investments becomes $16,529 ($26,380 - $9,851).  On the other hand, leasing will cost in PV the sum of $12,944.78

.

6 0
3 years ago
Suppose the market follows a single index model, where the index has standard deviation of 15%. For a stock with firm-specific r
iogann1982 [59]

Answer:

Explanation:

St deviation of stock σ = √( β² x σ₁² + σ₂² )

σ₁ = standard deviation of market = .15 and σ₂ is standard deviation of firm

Putting the values given

.30 = √ ( β² x .15² + .10² )

.09 =  β² x .0225 + .01

β² x .0225 = .08

β² = 3.5555

β = 1.88

3 0
3 years ago
The American economy consists of a complex combination of organizations and variables, such as countless companies differing in
Jlenok [28]

Answer:

The correct answer is The Theory of complexity.

Explanation:

The Theory of Complexity and Organizations, also called complexity strategy or adaptive complex organization, is the use of complexity theory in the field of strategic management and organizational studies.

The complexity theory has been used in the fields of strategic management and organizational studies. Areas of application include an understanding of how organizations or companies adapt to their environment and how they deal with situations of uncertainty. The theory treats organizations and companies as collections of strategies and structures. The structure is complex, because they are dynamic networks of interactions, and their relationships are not the result of the aggregation of individual static entities. They are adaptive; Because individual and collective behaviors mutate and organize themselves in response to the initial changes of micro events or the total set of events.

7 0
3 years ago
When receiving food, you can refuse to accept when if
aliya0001 [1]

Answer:

When receiving food, you can refuse to accept when if it has a foul odor

Explanation:

Such foul odor makes such food to be rejected because of the health implication as well as it does not equate to the money paid for such services rendered.

5 0
3 years ago
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