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3 years ago

12

A painter pays $500 for paint he uses to repaint a house. he then presents a bill for $1200 that covers his time and expenses to

the homeowner. how much do these transactions add to gdp?

1 answer:

Mazyrski [523]3 years ago

8 0

$1200
Hope this helps!!

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On January 1, Year 7, Colorado Corp. purchased a machine having an estimated useful life of 8 years and no salvage value. The ma

shepuryov [24]

Answer:

D) $0

Explanation:

The depreciation method changed, but the previous depreciation expense has already been recorded and subject to taxes. Therefore the new straight line depreciation should start with the remaining asset value and calculate the depreciation expense for the remaining 6 years:

For example, if the purchase value was $1,200,000 (= $300,000 x 4), the remaining value would be $675,000 then the depreciation expense will be $112,500 per year during the next 6 years starting on year 9.

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3 years ago

Classify each of these transactions by type of cash flow activity (operating, investing, or financing). (Hint: Refer to Illustra

Luba_88 [7]

Answer:

1 - Financing activity

2- Operating activity

3- Financing activity

4- Investing activity

5- Investing activity

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the long term assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.

So the categorization is shown below:

1. Issued $160,000 of bonds payable - cash flow from financing activity

2. Paid utilities expense - cash flow from operating activity

3. Issued 500 shares of preferred stock for $45,000 - cash flow from financing activity

4. Sold land and a building for $250,000 - cash flow from investing activity

5. Loaned $30,000 to Dead End Corporation, receiving Dead End’s 1-year, 12% note. - cash flow from investing activity

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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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2 years ago

The yield to maturity on a discount bond is: equal to both the coupon rate and the current yield. equal to the current yield but

dlinn [17]

Answer:

greater than both the current yield and the coupon rate.

Explanation:

A discount bond is a bond that at the point of issuance, it's less than its face or par value.

When a bond is trading for less than its face value in the market, it's known as a discount bond.

The yield to maturity on a discount bond is greater than both the current yield and the coupon rate. This simply means that the coupon rate is usually lower than the yield to maturity of the discount bond.

Additionally, the yield to maturity can be defined as the bond's total rate of return required by the secondary market while the coupon rate is defined as the annual interest of a bond divided by its face value.

For instance, when a bond is issued at a par or face value of $5,000, at maturity the investor would be paid $5,000. But because bonds are being sold before its maturity, it would trade below its face value.

Hence, a bond with the face value of $5,000 could trade for as low as $4,800, thus making it a discount bond.

8 0

3 years ago

On January 1, Sway Corporation had 60,000 shares of $10 par value common stock outstanding. On March 17, the company declared a

pychu [463]

Answer:

See below

Explanation:

With regards to the above, the entry to record of March 30 would be;

Debit stock dividends $140,400

Credit common stock dividends distributable $108,000

Credit paid in capital in excess of par $32,400

Calculations;

= 60,000 shares of $10 par value

= $600,000 × Stock dividend

= $600,000 × 18%

= $108,000

Stock dividend = 60,000 shares of $13 market value

= $780,000 × Stock dividend

= $780,000 × 18%

= $140,400

Additional paid in capital = $140,400 - $108,000 = $32,400

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3 years ago