All categories

3 years ago

Yard Designs (YD) experienced the following events in 2018, its first year of operation:

Business

1 answer:

Natasha_Volkova [10]3 years ago

5 0

Answer:

assets = liabilities + equity

cash deferred revenue retained earnings

1) $40,800 $40,800

2) $0 -$,6800 $6,800

$40,800 $34,000 $6,800

revenues - expenses = net income cash flows

1) $0 $0 $0 $40,800 OA

2) $6,800 $0 $6,800 $0 OA

$6,800 $0 $6,800 $40,800 NC

b) Yard Designs

Income Statement

For the year ended December 31, 2018

Revenues $6,800

Expenses $0

Net income $,6800

Yard Designs

Balance Sheet

For the year ended December 31, 2018

Assets:

Cash $40,800

Total assets $40,800

Liabilities:

Deferred revenue $34,000

Equity:

Retained earnings $6,800

Total liabilities and equity $40,800

Yard Designs

Statement of Cash Flows

For the year ended December 31, 2018

Cash flows from operating activities:

Net income $6,800

Adjustments to net income:

Increase in deferred revenue $34,000

Net cash flow from operating act. $40,800

Cash flows from investing activities: $0

Cash flows from financing activities: $0

Net increase in cash $40,800

Initial cash balance $0

Ending cash balance $40,800

c) $34,000

You might be interested in

Who decides what goods and services should be produced and how those goods are to be produced in a command economy? individuals

GenaCL600 [577]

Answer: Government Officials

Explanation: In a command economy, no individuals, business owners & tribal leaders, but the government decides the goods & services for production to be helpful for the country's economy. The government & its officials take a call on -

i. what goods to be produced,

ii. In how much quantity those goods should be produced

iii. at what amount, it will reach the consumers

All productions are controlled & planned by the government, hence it is also called as planned economy.

8 0

3 years ago

Read 2 more answers

for $32.45 per share, and the firm expects its per-share dividend to be $2.35 in one year. Analysts project the firm’s growth ra

Serggg [28]

Answer:

Cost of equity will be 12.96 %

Explanation:

We have given current price of the stock = $32.45

Expected dividend $D_1=$2.35$ in one year

Growth rate $g=5.72%=0.0572$

We have to find the cost of equity

Cost of equity is given by

Cost of equity $=\frac{expected\ dividend}{current\ price\ of\ the \ stock}+growth\ rate=\frac{2.35}{32.45}+0.0572=0.1296$ = 12.96 %

8 0

3 years ago

The cycle view of the supply chain is useful when considering operational decisions, because Select one: a. it focuses on proces

almond37 [142]

Answer:

c. it specifies the roles and responsibilities of each member of the supply chain.

Explanation:

Supply chain management (SCM) can be defined as the effective and efficient management of the flow of goods and services, as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The key principle of supply chain management can be best summed up as collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

Hence, the supply chain comprises of processes which are typically divided into four (4) cycles;

1. Customer order cycle: it involves the process of receiving an order from a customer, entry and fulfillment of orders.

2. Replenishment cycle: it includes receiving, entry and fulfillment of retail orders.

3. Manufacturing cycle: it includes the process of converting raw materials into finished products.

4. Procurement cycle: this includes shipping or receiving raw materials and production schedules.

The cycle view of the supply chain is useful when considering operational decisions, because it specifies the roles and responsibilities of each member of the supply chain.

8 0

3 years ago

What are the main purposes of a budget

Snezhnost [94]

Following a budget will help you keep you out of debt if you are currently in debt.

4 0

3 years ago

The product structure overcomes one of the challenges common to a functional organization structure because it is

Alona [7]

Answer:

focus on the goods being made

7 0

1 year ago