The nominal interest rate is 6 percent and the real interest rate is 2.5 percent. What is the inflation rate?

Yi Company began operations on January 1, 2013. During 2013, the company engaged in the following cash transactions: 1) issued s

Andreyy89

Answer:

$11,000

Explanation:

Data provided

Provided consulting services = $50,000

Paid rent expenses = $12,000

Paid employee salaries = $27,000

The calculation of Yi's net cash flow from operating activities is given below:-

Yi's net cash flow from operating activities = Provided consulting services - Paid rent expenses - Paid employee salaries

= $50,000 - $12,000 - $27,000

= $11,000

Sp, for computing the Yi's net cash flow from operating activities we simply applied the above formula.

5 0

3 years ago

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Florissa's Flowers jointly produces three varieties of flowers in the same garden: tulips, lilies, and daisies. The flowers are

blondinia [14]

Answer:

Lily and Daisy

Explanation:

Joint product Flowers per harvest Proportion Joint cost allocation

Tulip 10 20% (10/50) $6 ($30*20%)

Lily 20 40% (20/50) $12 ($30*40%)

Daisy 20 40% (20/50) $12 ($30*40%)

Totals 50 100% $30

As per above results, both Lily and Daisy received the largest proportion of joint cost.

6 0

3 years ago

On September 1, Kennedy Company loaned $100,000, at 12% annual interest, to a customer. Interest and principal will be collected

GenaCL600 [577]

Answer:c. Debit Interest Receivable, $4,000; credit Interest Revenue, $4,000.

Explanation:

The interest payable = Principal x Rate x Time (period)

= $100,000 x 12% x 4/12 ( September to December)

$100,000 x 0.12 x 1/3

$100,000 x 0.04

=$4000

Journal entry to record accrued interest at Year end for loan issued on sept 1st.

Date Account titles Debit Credit

Dec 31st Interest Receivable $4000

Interest Revenue $4000

6 0

3 years ago

True or false? West African coastal countries have borrowed money from the World Bank and the International Monetary Fund.

Phantasy [73]

True, West African countries borrowed money fro the World Bank and the International Monetary Fund. West African countries are developing economies which similar to other developing economies in Africa and the rest of the world have taken loans and development funds from the IMF and the World Bank.

4 0

3 years ago

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Pablo Company has budgeted production for next year as follows:QuarterFirst Second Third FourthProduction in units 48,000 88,000

Margaret [11]

Answer:

271,500 pounds

Explanation:

Given:

Quarter FIRST SECOND THIRD FOURTH

Production in unit 48000 88000 98000 78000

Raw material per unit 3 3 3 3

=================================================================

Thus,

Need for material = Production in unit × Raw material per unit

=================================================================

Quarter FIRST SECOND THIRD FOURTH

Need for material in production 144,000 264,000 294,000 234,000

Desired ending inventory = 25% of next quarter's production needs for material

==================================================================

ADD:

Desired ending inventory 66000 73500 58500

==================================================================

Total need of material = Need for material in production + Desired ending inventory

==================================================================

Quarter FIRST SECOND THIRD FOURTH

Total need of material = 210,000 337,500 352,500

Beginning inventory 38000 66000 73500

==================================================================

Total purchase = Total need of material - Beginning inventory

==================================================================

Quarter FIRST SECOND THIRD FOURTH

Total purchase = 172,000 271,500 279,000

Hence,

The answer is 271,500 pounds

5 0

3 years ago