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d1i1m1o1n [39]
3 years ago
14

A company excludes from the current assets section, the amount of cash restricted for purposes other than payment of current obl

igations or for use in current operations.
1. True
2. False
Land held for speculation is reported in the long-term investment section of the balance sheet.
1. True
2. False
Financial flexibility measures the ability of an enterprise to take effective actions to alter the amounts and timing of cash flows
1. True
2. False
Companies determine cash provided by operating activities by converting net income on an accrual basis to a cash basis. 1. True
2. False
Business
1 answer:
zhenek [66]3 years ago
7 0

Answer:

1. True.

2. True.

3. True.

4. True.

Explanation:

1. True: A company excludes from the current assets section, the amount of cash restricted for purposes other than payment of current obligations or for use in current operations.

2. True: Land held for speculation is reported in the long-term investment section of the balance sheet because they are fixed assets.

3. True: Financial flexibility measures the ability of an enterprise to take effective actions to alter the amounts and timing of cash flows.

4. True: Companies determine cash provided by operating activities by converting net income on an accrual basis to a cash basis.

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Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 20
jek_recluse [69]

Answer:

a. 116.9 and the inflation rate was 16.9%

Explanation:

<u>Definition</u>

Consumer Price Index (CPI) is a statistical measure that is constructed using a weighted average market basket of consumer goods and services produced by a household.

CPI = (Cost of market basket ₓ / Cost of market basket ₓ₁) * 100

where x = present year(2014) and x1 = base year(2012)

CPI = (90/77) * 100

CPI = 116.88

CPI = 116.9 (to 1 decimal place)

Inflation =<u>Current year basket cost - Base year basket cost</u>    * 100

                                    Base year basket cost

Inflation = <u>90-77</u>  * 100

                   77

Inflation = 16.88

Inflation = 16.9% ( to 1 decimal place)

7 0
3 years ago
Giada Foods reported $1,010 million in income before income taxes for 2021, its first year of operations. Tax depreciation excee
Fiesta28 [93]

Answer:

$32.4 million

Explanation:

The computation of the balance in the deferred tax liability in the December 31, 2021, balance sheet is shown below:

Deferred tax liability  is

= Tax depreciation exceeded depreciation for financial reporting purposes × enacted tax rate

= $108 million × 30%

= $32.4 million

Simply we multiplied the exceeded amount with the enacted rate so that the deferred tax liability could come

6 0
3 years ago
A company has total revenue of $50,000,000, cost of sales of $40,000,000, operating expenses of $5,000,000, and financing costs
bekas [8.4K]

Answer:

$30

Explanation:

Earning per share is calculated dividing Earning for the year excluding preferred dividend by outstanding number of shares.

Formula for EPS is as follow:

Earning Per share = ( Net Income  - Preferred Dividend ) / Outstanding Numbers of shares

We need to calculate the net Income, which is calculated as below

Net Income = Revenue - Cost of Goods Sold - Operating Expenses - Financing costs = $50,000,000 - $40,000,000 - $5,000,000 - $2,000,000

Financing costs = $3,000,000

Placing Values in the formula of EPS

EPS = $3,000,000 / 100,000 shares = $30

8 0
3 years ago
On May 1, Year 1, Benz’s Sandwich Shop loaned $18,000 to Mark Henry for one year at 9 percent interest. Required a. What is Benz
ehidna [41]

Answer:

a) $1080

b)$19080

c) Loan given | -$18000

d)$540

e)$19620

f)loan | 18000

Interest received | $1620

g)  $1620

Explanation:

a) Year 1 : a) Interest income = $18000*9%*8/12 = $1080

b) The total receivable at december 31,Year = 18000+1080 = $19080

c)  Year 1  :Statement of cash flow

Loan given | -$18000

d) Interest income Year 2 = $18000*9%*4/12 = $540

e) Total cash collect in 2017 = $18000+$1080 + $540 = $19620

f) Cash flow from investing activities :

           loan | 18000

           Interest received | $1620

g)Total interest earned = 18000*9% = $1620

7 0
3 years ago
Suppose the chester company begins to compete through good designs, high awareness and easy accessibility for their existing pro
masya89 [10]

The Chester company is likely implementing a strategy called the niche differentiation. This is the process in which helps a specific organization or company to coexist by having to use their environment in a different way in when they are to compete.

6 0
3 years ago
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