Answer:
year beginning interest payment total ending
balance payment payment balance
<em>1 150000 0 50000 50000 150000</em>
<em>2 100000 10500 50000 60500 100000</em>
3 50000 7000 50000 57000 50000
4. 0 3500 50000 53500 0
b. The balance of the lease liability reported would be $ 150000
Interest payable would be $150000*0.07 = 10500
Explanation:
the opening balance is without the $50000 paid at the beginning of every year.
interest for the previous year is paid on the beginning of the current along with the payment for the year at the beginning.
C selling a share in cooperative
Answer:
That two projects are not mutually exclusive means the firm can implement both projects. They should run both because they both have returns exceeding the cost of capital.
Explanation:
Answer:
D. Corporate Citizenship.
Explanation:
Based on the information provided within the question it seems that the social responsibility theory that best describes Conch Corporation's move to open the school is Corporate Citizenship. This is because this theory refers to a company's responsibility to society in creating a increased living standard and quality of life for all the individuals in the society, but at the same time taking care of the company's financial needs and it's shareholders. Which is what Conch Corporation is doing by opening the school to increase the quality of life of the neighborhoods youth.
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Answer:
The cash flow from operating activities was $7,000.
Explanation:
Ending Cash Balance
= Opening Cash Balance + Cash Flow from Operating Activities + Cash Flow from Investing Activities + Cash Flow from Financing Activities
$24,000 = $47,000 + Cash Flow from Operating Activities - $250,000 + $220,000
Cash Flow from Operating Activities = $24,000 - $47,000 + $250,000 - $220,000
= $7,000
Therefore, The cash flow from operating activities was $7,000.