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2 years ago

Listed below in alphabetical order are the balance sheet items of Nolan Company at December 31, 2022

Business

1 answer:

Alex Ar [27]2 years ago

5 0

Answer and Explanation:

The preparation of the balance sheet is presented below:

Assets

cash $11,000

account receivable $15,000

equipment $10,000

buidlings $65,000

land $31,000

Total assets $132,000

Liabilities and stockholder equity

Account payable $11000

common stock $80,000

retained earnings $41,000

Total Liabilities and stockholder equity $132,000

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in marketable securities by $318,370 and paid $1,218,231 for new fixed assets during 2017. The company also repaid $776,200 of e

sertanlavr [38]

Answer:

The complete question from the start is "Carla Vista Company increased its investments in marketable securities by $318,370 and paid $1,218,231 for new fixed assets during 2017"

a. Investing activities

+ Proceeds from sales of marketable securities $318,370

- Purchase of new fixed assets $1,218,231

+ Proceeds from sale of fixed assets $332,002

Net cash used for investing activities -$567,859

Note: The answer is cash outflow

b. Financing activities

- Repayment of long term debt $776,200

+ Proceeds from raising new debt capital $913,575

- Repurchase of stock $52,501

Net cash inflow from financing activities $84,874

Note: The answer is cash inflow

8 0

2 years ago

If accounts receivable and inventories increased by $85,000 (total), accounts payable increased by $14,000, and depreciation add

scoundrel [369]

Answer:

We can't define the firm's net income without additional information as either (1) or (2):

1) Revenues/ all income, and all expenses

2) Operating cash-flow together with interest expense, and tax rate

Explanation:

If we can have the operating cash-flow, then we can define EBIT (profit/ earnings before tax and interest) as below:

Operating cash-flow = EBIT + depreciation - increase of accounts receivable and inventories + increase of accounts payable.

Assuming Operating cash-flow is $100,000 then we have:

EBIT = $100,000 + $64,000 - $85,000 + $14,000 = $93,000

Assuming the firm have no interest expense and tax rate is 35%, then net profit = EBIT*(1- tax rate) = $93,000 * (1-35%) = $60,450

6 0

3 years ago

An investor makes three deposits into a fund, at the end of 1, 3, and 5 years. The amount of the deposit at time t is 100(1.025)

bulgar [2K]

Answer:

The size of the fund at the end of 7 years is $483.110

Explanation:

Number of quarters = 4

We are given that the nominal rate of discount convertible quarterly is 4/41

Discount rate in each quarter = $\frac{\frac{4}{41}}{4} = \frac{1}{41}.$

Let A is the value after discount and X is the original value:

$A = X - X(\frac{1}{41}) \\A=X(1 - \frac{1}{41}) \\A=\frac{40}{41}X\\X = \frac{41}{40}A$

Now To calculate the value after 7 years we need to multiply each value by the interest raised to the correct power.

$A=100 \times 1.025^1 \times \frac{41}{40}^{(7-1) \times 4}+100 \times 1.025^3 \times \frac{41}{40}^{(7-3) \times 4}+100 \times 1.025^5 \times \frac{41}{40}^{(7-5) \times 4}$

A=483.110

Hence the size of the fund at the end of 7 years is $483.110

3 0

2 years ago

On January 1, Year 1, Stiller Company paid $200,000 to obtain a patent. Stiller expected to use the patent for 5 years before it

NeX [460]

Answer:

a. The amount of amortization expense during Year 3 is $40,000.

b.The book value of the patent as of December 31, Year 3 is $80,000.

Explanation:

For amortization of patient, it is done using which one is shorter between the useful life and legal life.

We therefore use the useful life in this question since it is the one that is shorter to amortize as follows:

Annual amortization expenses = $200,000 ÷ 5 = $40,000

Accumulated annual amortization for 3 years = $40,000 × 3 = $120,000

Book value of the patent in year 3 = $200,000 - $120,000 = $80,000

Therefore, the amount of amortization expense during Year 3 is $40,000 and the book value of the patent as of December 31, Year 3 is $80,000.

8 0

3 years ago

Read 2 more answers

How to solve marginal product

scoundrel [369]

Explanation:

The marginal product formula is the change in quantity (Q) of items produced divided by the change in one unit of labor (L) added (change in Q divided by change in L). The denominator in this equation is always one because the formula is based on each one unit of increase in labor.

hope this helps

8 0

2 years ago

Read 2 more answers