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Alla [95]
3 years ago
9

Brian Company recorded the following cash transactions for the year ended December 31, 2013:Received cash receipts from their cu

stomers totaling $600,000Paid $225,000 in salariesPaid $80,000 in rent and utilitiesPaid $6,000 in insuranceWhat is the net cash provided by operating activities on Brian Company's Statement of Cash Flows as of December 31, 2013?A. $600,000B. $577,500C. $295,000D. $289,000
Business
1 answer:
Svetlanka [38]3 years ago
4 0

Answer:

D. $289,000

Explanation:

The computation of the net cash provided by operating activities is shown below:

Cash flow from operating activities

Received cash receipts from their customers $600,000

Less:  

Salaries Paid In Cash -$225,000

Rent and Utilities Paid in Cash -$80,000

Insurance Paid in Cash -$6,000

Net Cash Provided by Operating Activities $289,000

The cash inflow indicates in a positive sign while the cash outflow indicates in a negative sign

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Summerlin Company budgeted 4,200 pounds of material costing $4.00 per pound to produce 2,300 units. The company actually used 4,
wel

Answer:

Option (C) is correct.

Explanation:

Given that,

Standard Quantity = 4,200

Actual Quantity = 4,700

Standard Price  = $4

Cost = $4.10 per pound to produce 2,300 units

Direct Material Quantity variance:

= (Standard Quantity - Actual Quantity) × Standard Price

= (4,200 – 4,700 ) × $4

= $2,000 Unfavorable

Therefore, the direct materials quantity variance is $2,000 Unfavorable.

8 0
4 years ago
What is the present value of 10 equal payments of $22,500 to be made at the end of each year for the next 10 years? The annual i
Vanyuwa [196]

Answer:

a.

We use the formula for calculating present value of annuity to solve the question as followed:

(22,500/10%) x [ 1 - 1.1^(-10) ] = $138,253.

b.

The present value of the total severance package is calculated as:

120,000 cash paid at the beginning + Present value of $131,000 paid in one year time + Present value of 7 annuities paid at the end of each year starting from the end of this year = 120,000 + 131,000/1.06 + [ 29,500/6% x (1 - 1.06^(-7)) ] = $408,265.

c.

Option 1: to collect lump sum of $107,000 today will give present value of $107,00

Option 2: to collect seven equal $20,500 at the end of each year will give present value as calculated below by applying the present value formula for annuity:

(20,500/8%) x ( 1 - 1.08^-(7)] = $106,731.

d.

The present value of this investment is equal to:

Present value of the annuity made of 8 equal payments at the end of each year, $15,000 each + Present value of $150,000 receipt paid in 8 year time = (15,000/7%) x [1 - 1.07^(-8) ] + 150,000/1.07^(-8) = $176,871.

Explanation:

8 0
4 years ago
Which of the following is a cloud computing element that gives a service provider the ability to dynamically allocate shared phy
a_sh-v [17]

Answer:

B. Resource pooling.

Explanation:

-On-demand means that clients can get the service when and where they need it.

-Resource pooling refers to grouping resources to provide the service to different customers in a way in which the resources are assigned according to the demand of each client.

-Measured Service is when a company monitors the service that is providing for different purposes like billing.

-Rapid Elasticity is the ability that the company providing the service has to modify the resources according to the demand.

According to the definitions, the answer is that the cloud computing element that gives a service provider the ability to dynamically allocate shared physical resources to multiple customers based on each customer's usage demand is resource pooling.

4 0
3 years ago
Your text indicated that several groups were protected by federal equal opportunity legislation. In these examples, indicate whe
ehidna [41]

Answer:

a. A recently retired military veteran was not offered a job for which she was qualified.  Yes ( Veterans)

b. A Mormon says his religion forbids him to work on certain days.  Yes ( Religion)

c. A person who is hearing impaired claims she is disabled.  Yes (Disability)

d. A homosexual applicant wasn’t hired because of his sexual orientation. Yes (Sex: Sexual orientation)

e. A male wasn’t hired for a sales position in a retail store specializing in women’s shoes.  Yes (Sex)

f. A 24-year old woman wasn’t hired for a managerial position because she was too young.  No ( Age considerations begins from 40)

g. A Norwegian applicant claimed he wasn’t hired because a Chinese restaurant hired only Asians.  Yes (national origin)

h. A light-skinned African American would not hire a dark-skinned African American.  Yes (genetic discrimination)

i. A store wouldn’t hire anyone with a college degree because it thought they were snobs. No

j. A fast-food chain refused to hire any males with long hair. No

Explanation:

The federally protected class are a group of people whom the law in the United States protects from discrimination especially in the employment setting. They are grouped under race, religion, sex, pregnancy, familial, national origin, genetic discrimination, veterans, and disability. Options f, i, and j do not fall under these classes.

f. The age discrimination in Employment Act applies for people from the age of 40.

i. College degree is not a consideration among the federally protected class.

j. Gender or sex is not the issue here but a feature of the gender.

4 0
3 years ago
Assume that a hypothetical economy with an MPC of 0.9 is experiencing a severe recession. Instructions: In part a, round your an
Dahasolnce [82]

Answer:

$10 billion

Explanation:

Calculation for By how much would government spending have to rise to shift the aggregate demand curve rightward by $25 billion

Using this formula

Government multiplier spending=1/1-MPC

Where,

MPC=0.9

Let plug in the formula

Government multiplier spending=1/1-0.9

Government multiplier spending=1/0.1

Government multiplier spending=$10 billion

Therefore how much would government spending have to rise to shift the aggregate demand curve rightward by $25 billion will be $10 billion

6 0
3 years ago
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