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3 years ago

Condensed financial data of Monty Company for 2020 and 2019 are presented below.

Business

1 answer:

bija089 [108]3 years ago

7 0

Answer:

Monty Company

Statement of Cash Flows

December 31, 2020

Cash flows from operating activities

Net income $790

Adjustments to reconcile net income $40

+ depreciation expense $40

+ decrease in inventory $260

+ increase in accounts payable $300

- gain from sale of investments ($80)

- increase in accounts receivable ($430)

- decrease in accrued liabilities ($50)

Net cash flow from operating activities $830

Cash flows from investing activities

Sale of long term investments $140

Gain from sale of investments $80

Purchases of P, P & E ($190)

Net cash flow from investing activities $30

Cash flow from financing activities

Issuance of Common Stocks $210

- Payments of long term debt ($160)

- Dividends paid ($260)

Net cash from financing activities ($210)

Net increase in cash $650

+ Beginning cash balance $1,160

Ending cash balance $1,810

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Mercury Company sells tickets in advance for its weekly productions and records the proceeds as Unearned Revenue. At the end of

sattari [20]

Answer:I did the calculations and i believe i got it right.

Explanation:

Mercury sold 500 tickets at $40 a piece, okay, still with me, good. Yet, only 450 tickets were used during the month. What that mean is to minus 50 tickets. 50 multiplied by $40 is $2000. 500 multiplied by $40 equals to $20000. $20000 minus $2000 is equaled to $18000. They also had a Unearned Revenue account that had a credit balance of $5000. So, that means they should be in "debt." They should have $-15000. Add $2000, it is equaled to $-13000. So it should be $-13000. If wrong, i'm sorry.

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3 years ago

A company reports the following: Income before income tax $387,520 Interest expense 69,200 Determine the times interest earned.

katen-ka-za [31]

Answer:

6.6

Explanation:

The formula and the computation of the times interest earned is shown below:

Times earned interest = (Earnings before income tax and interest expense) ÷ (Interest expense)

where,

Earnings before income tax and interest expense is

= $387,520 + $69,200

= $456720

And, the interest expense is $69,200

So, the times interest earned ratio is

= $456,720 ÷ $69,200

= 6.6

8 0

3 years ago

]To estimate the percentage of defects in a recent manufacturing batch, a quality control manager at Daimler minus Chrysler sel

krek1111 [17]

Answer:

Answer is option A, i.e. systematic sampling.

Explanation:

Systematic sampling is the type of probability sampling method of selection of samples out of the given group of homogenous nature. In this method, every Kth sample is selected until the required amount is obtained. Here, Chrysler selects every 16th van until he is successful in obtaining the 80 vans. Thus, Chrysler is using a systematic sampling method here.

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3 years ago

washington enterprises had net income of $1,000,000, invested $150,000 in fixed assets, paid $50,000 in dividends, and took depr

zhuklara [117]

Washington enterprises had a net income of $1,000,000, invested $150,000 in fixed assets, paid $50,000 in dividends, and took depreciation expense of $80,000 the free cash flow was $9,30,000

Free Cash Flow is the cash an agency generates after taking into account coins outflows that help its operations and maintain its capital assets. In different phrases, unfastened cash goes with the flow of the cash left over after an organization will pay for its running prices and capital fees.

To calculate free cash flow use the formula:

Free cash flow = Net income + Depreciation - Fixed capital

Given,

Net income = 10,00,000

Depreciation = 80,000

Fixed capital = 1,50,000

Putting the values in the formula

Free cash flow = 1000000 + 80000 - 150000

Free cash flow = $9,30,000

Free Cash Flow measures an organization's financial overall performance. It suggests the coins that a corporation can produce after deducting the purchase of property together with assets, devices, and different most important investments from its operating cash flow activities.

Learn more about Free cash flow here brainly.com/question/15848997

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7 0

2 years ago

10 percent decrease in consumer incomes leads to a 20 percent decrease in the quantity demanded of good D. Instructions: Round y

Katyanochek1 [597]

Answer:

Income elasticity = 2

Normal good

Explanation:

Below is the given values:

Percentage decrease in consumers income = 10%

Percentage decrease in quantity demanded = 20%

Use the below formula to find the income elasticity:

Income elasticity = % change in quantity demanded / % in income

Income elasticity = -20/-10

Income elasticity = 2

Since the elasticity is 2 that means good is normal good.

4 0

3 years ago