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gizmo_the_mogwai [7]
3 years ago
7

Cash flow to stockholders must be positive when: both the cash flow to assets and the cash flow to creditors are positive. the n

et sale of common stock exceeds the amount of dividends paid. no income is distributed but new shares of stock are sold. the dividends paid exceed the net new equity raised. both the cash flow to assets and the cash flow to creditors are negative.
Business
1 answer:
aniked [119]3 years ago
5 0

Answer:

The dividends paid exceeded the net new equity raised.

Explanation:

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Assume Mercy Hospital underestimated the provision for bad debts and contractual adjustments reported on its December 31, 2015 i
attashe74 [19]

Answer:

If the hospital underestimated its bad debt, that means that they are overestimating their profits. The cash flow is determined using the income statement, so it will also be overestimated. But at some point reality will catch up and the actual cash flow will be less than expected, since bad debts reduce actual revenue.

5 0
3 years ago
Fernandez Corporation purchased a truck at the beginning of 2014 for $50,000. The truck is estimated to have a salvage value of
valentinak56 [21]

Answer:

The depreciation for 2014 is $6900

The depreciation for 2015 is $9300

Explanation:

Please see attachment .

5 0
3 years ago
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed wh
Genrish500 [490]

Answer:

c. $1,740 F

Explanation:

The $\text{material quantity variance}$ is the measure of the $\text{difference}$ between the amount of materials that is used in actual for the production process and the amount of the material that was expected or estimated to be used in the production process.

It is given that the Snuggs Corporation applies the variable overhead on direct labor hour basis.

Therefore, the SQ = 2.8 ounces per unit x 1100 units =   3080 ounces

The materials quantity variance = (AQ - SQ) x SP

                                            = (2790 ounces - 3080 ounces) x $ 6 per ounce

                                            = (-290 ounces) x $ 6

                                            = $ 1740 F

4 0
3 years ago
On July 8, Alton Co. issued an $80,000, 6%, 120-day note payable to Seller Co. Assume that the fiscal year of Alton Co. ends Jul
shtirl [24]

Answer:

$306.67          

Explanation:

The accrued interest is of 23 days which must be accounted for in the books of accounts.

The interest for 120 days = $80,000 * 6% * 120 / 360 = $1600

Now we will find interest for 23 days (July 31 MINUS 8 July).

Interest for 23 days = $1600 * 23 / 120 = $306.67

So the interest that has accrued at the end of the year is of 23 days and is $306.67.

8 0
3 years ago
Bethany Link delivers parts for several local auto parts stores. She charges clients $2.60 per mile driven. She has determined t
SVETLANKA909090 [29]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

She charges clients $2.60 per mile driven. She has determined that if she drives 2,500 miles in a month, her average operating cost is $2.40 per mile. If Bethany drives 5,000 miles in a month, her average operating cost is $2.00 per mile.

1) To calculate the variable and fixed cost, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (10,000 - 6,000) / (5,000 - 2,500)= $1.6

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 10,000 - (1.6*5,000)= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 6,000 - (1.6*2,500)= $2,000

2) Income statement:

Sales= 2,750*2.6= 7,150

Variable cost= 2,750*1.6= (4,400)

Contribution margin= 2,750

Fixed costs= (2,000)

Net operating income= 750

5 0
3 years ago
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