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Sunny_sXe [5.5K]
2 years ago
5

At an activity level of 3,000 units, North Corporation's total variable cost is $15,000 and its total fixed cost is $20,000. For

the activity level of 3,500 units, compute the variable cost per unit.
Business
1 answer:
oee [108]2 years ago
3 0

Answer:

$5 per unit.

Explanation:

At an activity level of 3,000 units, we have:

Variable cost per unit = Total variable cost / Units produced = $15,000 / 3,000 = $5

Since the variable cost per unit must be equal at both lowest and highest level of activities, theerefore, the variable cost per unit at 3,500 is also $5 per unit.

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If a firm has $300,000 in cash flow from assets and $100,000 in cash flow to shareholders, what is the cash flow to creditors?
Oxana [17]

The cash flow from assets must equal the sum of the cash flow to creditors plus shareholders.

CF from Assets = CF to Shareholders plus CF to Creditors.

CF From assets = CF to Shareholders + CF to creditors.

CF from assets - CF to Shareholders = CF to creditors.

Thus, 300,000 - 100,000 = 200,000.

What is cash flow (CF)?

One of the areas on the cash flow statement that details how much money was made or spent on various investment-related activities during a given time period is the cash flow from investing activities (CFI) section. Purchases of tangible assets, investments in securities, and sales of assets or securities are all examples of investing activities.

A company's poor performance is frequently indicated by negative cash flow. Negative cash flow from investing activities, however, could be the result of significant sums of money being spent on things like R&D that are essential to the company's long-term success.

It's crucial to understand where an organization's investment activity fits into its financial statements before analyzing the various positive and negative cash flows from investing activities.

The balance sheet gives a summary of the assets, liabilities, and owner equity of a company as of a particular date. An overview of the company's earnings and outlays for a time period is given by the income statement. By displaying how much money is made or spent on operating, investing, and financing activities over a given time period, the cash flow statement fills the gap between the income statement and the balance sheet.

Thus, $200,000 is cash flow to creditors.

For more information on Cash Flow, refer to the given link:

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8 0
1 year ago
What duties do lawyers perform outside of the court room
tatiyna
Https://www.coursehero.com/file/p1m7tto/5-What-duties-do-lawyers-perform-outside-the-courtroom-Name-three-Their-duties/ this might help
8 0
3 years ago
Read 2 more answers
The following financial information was obtained from the year ended 2018 income statements for Kringle Automotive and Leihman A
Viefleur [7K]

Answer:

times interest ratio = EBIT / interest expense

1)

Kringle: TIE ratio = ($40,870 - $10,300 - $350) / $350 = 86.34

Leihman: TIE ratio = ($46,320 - $12,080 - $2,000) / $2,000 = 16.12

2)

Kringle was better able to cover its interest expenses since its TIE ratio is much higher than Leihman's (more than 5 times higher). This means that it is much easier for Kringle to pay off the interests on its debt.

8 0
3 years ago
On January​ 1, 2019, Chin Corporation issued $3,400,000​, 16​%, 5−year bonds. The bond interest is payable on January 1 and July
madam [21]

Answer:

$253,372

Explanation:

Face Value = 3,400,000

Issue Price = 3,619,600

Bond Premium = 219,600

<u>Jan 01, 2019</u>

Balance in Bond Payable  = 3,400,000

Book Value of Bonds = 3,619,600

Balance in Bond Premium = 3,619,600 - 3,400,000 = $219,600

<u>30 June, 2019</u>

Interest Payment = Balance in Bond Payable Jan 1 * 16%/2 = 3,400,000 * 14%/2 = $272,000

Interest expenses = Book Value of Bonds Jan 1 * 14%/2 = 3,619,600 * 14%/2 = $253,372.

Thus, the interest expense for the six months ending July​ 1, 2019 is $253,372

3 0
2 years ago
Selected data taken from the accounting records of Ginis Inc. for the current year ended December 31 are as follows: Balance, De
nalin [4]

Answer:

Cash payment for merchandise inventory is $1,025,800.00

Cash payment for operating expenses is $179,170.00

Explanation:

The amount of cash payments in respect of merchandise inventory is the cost of merchandise sold minus decrease in inventories plus decrease in accounts payable.

Cash paid for merchandise inventory=$1,031,550-($193,430-$178,020)+($105,800-$96,140)=$1,025,800.00  

Cash paid for operating expenses=$179,400+($14,030-$12,650)-($8,970-$7,360)=$ 179,170.00  

8 0
3 years ago
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