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3 years ago

Can someone please help me

Business

1 answer:

vova2212 [387]3 years ago

3 0

Answer:

Explanation:

My assumption here is the company receiving payment sold some sort of good or service. Deferred revenue is revenue received, but not yet earned, meaning it would be considered <em>earned</em><em> </em>in another period. This is recorded as a liability in the balance sheet.

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Swifty Corporation issued 100000 shares of $10 par common stock for $1250000. A year later Swifty acquired 15900 shares of its o

Drupady [299]

Answer:

the journal entries should be:

Dr Cash 1,250,000

Cr Common stock 1,000,000

Cr Additional paid in capital 250,000

Dr Treasury stock 238,500

Cr Cash 238,500

Dr Cash 161,500

Cr Common stock 85,000

Cr Additional paid in capital 76,500

4 0

3 years ago

project water has an initial cost of 639,700 and projected cash flow of 288,000 319,000 and 165,000 for years 1 through 3 respec

Hatshy [7]

Answer:

IRR = 8.77%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator

Incremental IRR can be determined by subtracting the cash flows of the project with the smaller cost from the cash flows of the project with the higher initial cost

Incremental cash flows

Cash flow in year 0 = 639,700 - 411,200 = -228,500

Cash flow in year 1 = 288,000 - 186,000 = 102,000

Cash flow in year 2 = 319,000 - 178,000 = 141,000

Cash flow in year 3 = 165,000 - 145,000 = 20,000

IRR = 8.77%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

3. Press compute

5 0

3 years ago

Luke's Express Diner is the only place that sells burgers in a remote town in Arizona. As one of the long-time residents of the

erma4kov [3.2K]

Answer:

The local government issues a limited number of restaurant licenses every year. (A)

Explanation:

Bertha claims that the burgers sold by Luke's Express Diner are priced a bit too high, because they enjoy monopoly power in the town; hence with the local government issuance of a limited number of restaurant licenses every year, this will break the monopoly that Luke's Express Dinner enjoy, thus weakening Bertha's arguments.

3 0

3 years ago

For each of the following transactions of JonesSpa Corporation, for the month of January, identify each as an investing activity

expeople1 [14]

Answer:

1. Paid cash to purchase inventory

OPERATING ACTIVITY, DECREASES CASH FLOW STATEMENT

2. Purchased land by issuing common stock

NON CASH INVESTING AND FINANCING ACTIVITY, DOES NOT AFFECT CASH FLOW STATEMENT

3. Accounts receivable decreased in the year

OPERATING ACTIVITY, INCREASES CASH FLOW STATEMENT

4. Sold equipment for cash

INVESTING ACTIVITY, INCREASES CASH FLOW STATEMENT

5. Recorded depreciation expense

OPERATING ACTIVITY, INCREASES CASH FLOW STATEMENT

6. Income taxes payable increased in the year

OPERATING ACTIVITY, INCREASES CASH FLOW STATEMENT

7. Declared and paid a cash dividend

FINANCING ACTIVITY, DECREASES CASH FLOW STATEMENT

8. Accounts payable decreased in the year

OPERATING ACTIVITY, DECREASES CASH FLOW STATEMENT

9. Paid cash to settle notes payable

FINANCING ACTIVITY, DECREASES CASH FLOW STATEMENT

10. Prepaid expenses increased in the year

OPERATING ACTIVITY, DECREASES CASH FLOW STATEMENT

11. Sold inventory for cash

OPERATING ACTIVITY, INCREASES CASH FLOW STATEMENT

12. Paid cash to acquire treasury stock

FINANCING ACTIVITY, DECREASES CASH FLOW STATEMENT

13. Net income

OPERATING ACTIVITY, INCREASES CASH FLOW STATEMENT

14. Decrease in accrued liabilities

OPERATING ACTIVITY, DECREASES CASH FLOW STATEMENT

15. Increase in prepaid expenses

OPERATING ACTIVITY, DECREASES CASH FLOW STATEMENT

8 0

3 years ago

On December 31, 2017, Ainsworth, Inc., had 720 million shares of common stock outstanding. Thirty one million shares of 7%, $100

Oksana_A [137]

Answer:

Reported net loss $ (195)

Add: Cumulative preference dividend (31*$100*7%) $ (217)

Total loss $ (412)

Calculation of weighted average number of shares

Common stock outstanding on 12/31/17 (720*105%) 756.00

Treasury stock (-30*105%*8/12) (21.00)

Issuance (12*4/12) 4.00

Weighted average number of shares 739.00

Numerator / Denominator = Net loss per share

$ (412) / 739.00 = $ (0.56)

Calculation of Net Income

Reported net loss $ (195)

Add : loss from discontinuing operation $ 510

Income from continuing operation $ 315

Cumulative preference dividend $ (217)

Net Income $ 98

Numerator / Denominator = Net loss per share

$ 98 / 739.00 = $ 0.13

Comparative income statement 2018 2017

Earning(Loss) per common share:

Income from $ 0.13 $0.71 ($540/(720*105%))

continuing operation = $ 0.71

Loss from discontinued $ (0.69)

operation

Net Income (Loss) $ (0.56) $ 0.71

4 0

3 years ago