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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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Sam, a third-grader, really likes to look for interesting bugs with other people during recess. Each of Sam's friends offers to

andre [41]

Answer: 1. No.

2. Yes.

Explanation:

Price Discrimination is a pricing strategy where suppliers/producers or sellers sell a good to different people at different prices depending largely on their preference and/or capacity to pay for the commodity i.e, if you want it more, you are charged more.

1. Johnny did not like to play Hopscotch, so offering Suzie one day of Hopscotch for two days of bug hunting is fair and no price discrimination occured as he did not offer these terms to someone else who's game he did not like.

2. Sam knew that Johnny really liked playing Slaps so he leveraged on that and offered him more expensive terms so to speak than he did to Bill even though he liked playing the both games equally. This means that he charged Johnny more than Bill simply because Johnny liked and preferred his game alot which is Price discrimination.

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3 years ago

Charlie Company uses a perpetual inventory system. During May, the following transactions and events occurred.

satela [25.4K]

The May transactions for Charlie Company (seller) assuming that Charlie uses a perpetual inventory system are:

Charlie Company Journal entries

May 13

Debit Account receivable $360

(8×$45)

Credit Sales $360

(To record credit sales)

May 13

Debit Cost of goods sold $208

(8×$26)

Credit Merchandise inventory $208

(To record cost of goods sold)

May 16

Debit Sales return and allowances $45

Credit Account receivable $45

(To record goods returned)

May 16

Debit Merchandise inventory $26

Credit Cost of goods sold $26

(To record cost of goods sold returned)

May 23

Debit Cash $302

($315-$13)

Debit Sales discount $13

(4%×$315)

Credit Account receivable $315

($360-$45)

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brainly.com/question/16912611

3 0

3 years ago

Under NASAA's Statement of Policy on Dishonest or Unethical Business Practices of Broker/Dealers and Agents, which of the follow

AlladinOne [14]

Answer:

Under NASAA's Statement of Policy on Dishonest or Unethical Business Practices of Broker/Dealers and Agents, which of the following is NOT considered when determining excessive trading in a client's account:

C) Length of association with the agent.

Explanation:

NASAA stands for The North American Securities Administrators Association that ensure the safety of the investor.

The option a, b and d are not correct as the Under the NASAA's statement of policy of dishonest or unethical business practices of broker/dealers and agents, investment objectives of the client, financial status of the client as well as the character of the account are considered.
The option c is correct as length of association with the agent is not the concern of the NASAA so it is taken into the consideration.

3 0

3 years ago

Sophie Company is considering closing one of its product lines. Current data on the product line are as follows. Sales revenue $

suter [353]

Answer:

Company's net income will increase by $2500 if the product line is discontinued.

Explanation:

From the data given:

Sales 25000

variable cost (less) 19000

contribution margin 6000

Fixed costs

directed fixed costs 7000

allocated fixed costs 5000

net income -6000

Fixed cost savings 7000

rental revenue 1500

total savings if discontinued 8500

contribution margin (less) 6000

net income increased by 2500

5 0

3 years ago

The common stock of the C.A.L.L. Corporation has been trading in a narrow range around $125 per share for months, and you believ

Fiesta28 [93]

Answer:

he price of a 6-month call option on C.A.L.L. stock is 15.27

Explanation:

The price of a 6-month call option on C.A.L.L. stock at an exercise price of $125 is computed as;

$C+Xe^{rt} = P + S$

Where as,

C = Value of call,

X = strike price,

P = value of put ,

S = Stock price

Thus,

$C + 125e^{-5} = 10.27 + 125$

C + 120 = 135.27

C = 15.27

7 0

3 years ago