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Murljashka [212]
3 years ago
13

Financial statements that give effect to a subsequent event as though the event had occurred at the balance sheet date are known

as __________ financial statements.
Business
1 answer:
mojhsa [17]3 years ago
4 0

Answer:

The correct answer to the following question is Pro forma financial statements.

Explanation:

A subsequent event can be defined as an event which takes place after the reporting period, but before the financial statements of a company are issued.  And depending on what kind of event they are like additional information or new events, it will be decided whether these events should be disclosed in a company's financial statement or not.

If it is decided that the subsequent event should be disclosed in the company's financial statement then a pro forma financial statement would be made, in which nature and financial effect of the subsequent event should be disclosed.

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Beta Electronics the following data for the year ended December 31, 2019:
tangare [24]

Answer:

$27000

Explanation:

Given: Beginning Cash balance $14,000

          Cash flows provided by operating activities 12,000

          Cash flows used by investing activities 8,000

          Cash flows provided by financing activities 9,000

Now, calculating the ending cash balance:

Ending cash balance is calculated by subtracting cash outflow from cash inflow.

∴ Ending cash balance= (\textrm{Beginning cash balance+cash flow from operating activities+ financing activities}- investing\ activities)

Ending cash balance= 14000+12000+9000-8000= 35000-8000

∴ Ending cash balance for December 31, 2019 is $27000.          

8 0
3 years ago
3. Some male dominated careers use the same skills as some female-dominated careers. (1 point) ☒ True ☐ False
strojnjashka [21]
These are the answers to the following questions:

3. <span>Some male dominated careers use the same skills as some female-dominated careers. <span>FALSE.

</span></span><span>4. What are three roadblocks to choosing a nontraditional career? (3 points)
- </span>Finding mentors/role models- Gaining support from family/friends
- Identifying and Reacing to Discrimination/harassment<span>
5. What would be three benefits to choosing a nontraditional career? (3 points)
- Salary and Economic self-sufficiency
- </span>Broader job/advancement opportunities- Job satisfaction<span>
6. What non-traditional career would you be most interested in and why? (2 points)
- Career in the field of teaching. Though most people are referring teaching to a woman's work, teaching does not dictates gender.

7. What should you do if you are interested in a non-traditional career for yourself? (2 points)
- T</span><span>he best way to determine whether you really want to purse the career is to gather as much information as possible — and gain experience wherever possible. </span><span>

8. The Career Spotlight in our LiveLesson was about veterinary technicians. Would this be a non-traditional career for men or for women? (1 point)
- Veterinary technicians are for men.</span>
5 0
3 years ago
Flounder Corporation engaged in the following cash transactions during 2020. Sale of land and building $182,330 Purchase of trea
4vir4ik [10]

Answer:

-$94,300

Explanation:

Activities related to land, buildings or equipment do not qualify as financing activities and thus should not be considered. As for the remaining activities, their contributions to cash are listed as follows:

Purchase of treasury stock = -$41,100

Payment of cash dividend = -$94,300

Issuance of common stock = $148,900

Retirement of bonds = -$107,800

The cash flow due to financing activities is:

CF = \$148,900 -\$107,800-\$94,300-\$41,100 \\CF=-\$94,300

Net cash used by financing activities is -$94,300.

3 0
3 years ago
Chelsea, Inc. uses the job costing method and designates the direct labor hours as the allocation base. In 2016, the total estim
Alina [70]

Answer:

The answer is: $10.00

Explanation:

To calculate the predetermined manufacturing overhead rate per direct labor hour we must divide the total estimated overhead cost by the total estimated direct labor hours.- $250,000 / 25,000 DLH = $10.00 per DLH.

Instead if we wanted to calculate the real MOH we should divide the real total overhead cost ($275,000) by the real total direct labor hours (28,000) = $9.82

6 0
3 years ago
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented
Oduvanchick [21]

Answer:

The Dollar sales break even for the company is $568750, for the north region is $320000 and for the south region is $80000.

Explanation:

1. for the company:

cont margin ration = contribution/sale

                               = 240000/750000

                               = 0.32

fixed cost = 182000

dollar sales break even = fixed cost/cont margin ratio

                                       = 182000/0.32

                                       = $568750

2.  for the north region:

cont margin ration = contribution/sale

                               = 120000/600000

                               = 0.20

fixed cost = 64000

dollar sales break even = fixed cost/cont margin ratio

                                       = 64000/0.20

                                       = $320000

3. for the south region:

cont margin ration = contribution/sale

                               = 120000/150000

                               = 0.80

fixed cost = 64000

dollar sales break even = fixed cost/cont margin ratio

                                       = 64000/0.80

                                       = $80000

Therefore, The Dollar sales break even for the company is $568750, for the north region is $320000 and for the south region is $80000.

3 0
3 years ago
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