Answer:
$51,200 was the cash dividends paid
Explanation:
Cash dividends paid=opening cash dividends payable +cash dividends declared-closing cash dividends payable
opening cash dividends payable is $27,000
cash dividends declared is $55,000
closing cash dividends payable is $30,800
cash dividends paid =$27,000+$55,000-$30,800=$51,200
The amount of cash transfers made in respect of shareholders dividends in the year is $51,200.
The logic is that the whatever is left unpaid at year end should be deducted from the balance owed year plus the new dividends declared this year
Answer:
D. $30,000
Explanation:
The bond is issued on discount when the issuance price is less than the face value of the bond. The discount is expensed over the bond period until maturity. It is added to the interest expense value to expense it.
This discount will be amortized using Effective Interest method as below
Interest Payment = $5,000,000 x 8% x 6/12 = $200,000
Interest Expense = $4,600,000 x 10% x 6/12 = $230,000
Discount amortization = $230,000 - $200,000 = $30,000
Answer:
Current value = $550
Explanation:
You can solve this question using a financial calculator. I am using (Texas Instruments BA II plus)
First, since it is Semiannual coupon, adjust the interest rate to semi-annual rate and multiply 15 years by 2 since we have 2 semi annual periods per year.
<em>Note: If using the same calculator as me, key in the numbers first before the function .</em>
Total duration of investment ;N = 15 * 2 = 30
Interest rate; I/Y = 16% / 2 = 8%
Face value; FV = 1000
Semi annual Coupon Payment ; PMT = (8%/2)*1000 = 40
then CPT PV = $549.689
Therefore the current value of this bond is $550 (rounded to whole number.)
Answer:
d. $8,000
Explanation:
‘Cash Flow Statement’ is one of major financial statement that indicates the inflow and outflow of cash along with the reasons by categorizing each cash transaction in three activities i.e., operating, investing or financing activity. Non-cash transactions are not considered while preparing a cash flow statement.
- Operating Activities records the cash transactions involved in the operations of the business are recorded under ‘operating activities’ in the cash flow statement. Examples: Revenue earned, expenses incurred etc.
- Investing Activities records the cash transactions that show the changes in long-term investments are recorded under ‘investing activities’ in cash flow statement. Example: Purchase of plant, sale of equipment etc.
- Financing Activities records the cash transactions that show the changes in the finances or long-term debt of the company are recorded under the ‘financing activities’ in the cash flow statement. Example: Debt paid off, new shares issued etc.
Net cash flow from financing activities section is shown below:
Answer:
The correct answer is letter "A": cohesion.
Explanation:
Cohesion refers to property among individuals by which they complement each other. These individuals have a certain knowledge of one another that allows them to have a clear idea of how their behavior is, then, they try to help among them to be more as a team than prioritizing self success. Cohesion in teams is a determinant factor that could lead them to success or failure.
