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elena55 [62]
3 years ago
14

Software Distributors reports net income of $58,000. Included in that number is depreciation expense of $11,500 and a loss on th

e sale of land of $5,300. A comparison of this year's and last year's balance sheets reveals a decrease in accounts receivable of $28,000, a decrease in inventory of $16,500, and an increase in accounts payable of $48,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method.
Business
1 answer:
egoroff_w [7]3 years ago
6 0

Answer:

                   Software Distributors

            Statement of cash flows (partial)

Cash flow from operating activities:  

Net income                                                     $58,000

Adjustments to reconcile net income to

net cash flows from operating activities

Add: Depreciation expense                            $11,500

Add: Loss on sale of land                                $5,300

Add: Decrease in accounts receivable          $28,000

Add: Decrease in inventory                            $16,500

Add: Increase in accounts payable                <u>$48,000</u>

Net cash flow from operating activities       <u>$167,300</u>

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Answer:

the ending inventory using the FIFO cost flow assumption is $282,900

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The computation of the ending inventory using the FIFO cost flow assumption is shown below;

But before that first we have to determine the ending inventory units i.e.

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3 years ago
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Answer:

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(b) Bond's current yield:

Annual interest paid in dollars = Bond par value × Rate of interest

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                                                  = $78

Current\ yield = \frac{Interest}{Bond\ value}

Current\ yield = \frac{78}{1,061.24}

                              = 0.0734

                              = 7.34%

(c) Issue price of bond is $1,000 and current maturity price is $1,061.24. Thus, bond price is greater than the par value.

(d) Current yield is the return on bond at current price. Yield to maturity is 6.588 % and current yield is 7.34%. Since the current price is more than the par value, therefore, YTM is lower than the current yield.

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1. An assembly line with 30 activities is to be balanced. The total amount of time to complete all 30 activities is 60 minutes.
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Answer:

a. What are the maximum and minimum cycle times?

The maximum cycle time is 60 minutes and the minimum cycle time is 2.4 minutes.

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For max CT = 480/60 = 8 units per day

For min CT = 480/2.4 = 200 units per day.

2. In problem 1, suppose the line is balanced using 14 workstations and a finished product can be produced every 4.5 minutes.

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5 0
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Answer: market testing      

                                     

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