Answer:
b. $290,000
Explanation:
The computation of the cash flows from operating activities to be reported on the statement of cash flows is shown below:
= Net income reported on the income statement + decrease in account receivable
where,
Net income reported = $280,000
And, the decrease in account receivable is $10,000 ($70,000 - $80,000)
So, the cash flow from operating activities
= $280,000 + $10,000
= $290,000
The decrease in account receivable implies that more cash is come so it would be added and the same is shown above
Answer:
125%
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Let x = percentage change in price
o.4 = 50 / x
x = 125
Distance ran by Chris Gilbert, D = 96 yards
Speed, S = 4.9 s / 40 yards
Time ran by Chris Gilbert, T = D x S
T = (96 yards) x (4.9 s / 40 yards)
T = 11.76 s, total time ran by Chris Gilbert
Answer:
The correct option is A,5.72 times
Explanation:
The number of times that interest charges gives a sense of how financial stable is in its ability to pay interest on bonds as at when due.It is key consideration for prospective bondholders when assessing whether to buy bonds in a particular company
Number of times interest charges earned=net income before interest/interest
net income before interest charges=net income+interest charges
net income is $340,000
interest charges=$1,200,000*6%=$72,000
net income before interest charges=$340,000+$72,000=$412,000
number of times interest was earned=$412,000/$72,000=5.72
Answer:
The answer is a) Credit to additional Paid In Capital: Treasury Stock Transactions of $10,000.
Explanation:
The repurchased price per share in April 16,2018 is equal to: 660,000/12,000 = $55 per share;
Thus, once the reissued of these 12,000 repurchased shared took place, common stock account will be credited at the amount equal to 55 x Number of share reissued. In case the reissued price is higher than $55, the surplus amount will be Credited into Paid-in Common share account to present the difference between cash receipt and common share recorded; in case reissued price is lower than $55, Retained earning account will be debited to present the difference between cash receipt and common share recorded
As a result, the reissued of share on November 4,2019 will include a $10,00 credited to additional Paid In Capital; calculated as (65-55) x 1,000 = $10,000.
