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Paladinen [302]
3 years ago
13

bartleby Clayborn Corporation's net cash provided by operating activities was $118,800; its net income was $106,100; its income

taxes were $46,900; its capital expenditures were $96,300; and its cash dividends were $30,200. Required: Determine the company's free cash flow. (Negative amounts should be indicated by a minus sign.)
Business
1 answer:
Lady bird [3.3K]3 years ago
5 0

Answer: -$7,700

Explanation:

The Free Cash Flow is the amount of after tax income that a company has that can go to both its shareholders and debt holders.

When using cash from operating activities, taxes have already been accounted for so it is calculated as:

= Net cash provided by operating activities - Capital expenditure - Cash Dividends

= 118,800 - 96,300 - 30,200

= -$7,700

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Dave is a plumber who uses the cash method of accounting. This year Dave requested that his clients make their checks payable to
zzz [600]

Answer:

e. Dave is taxed on $72,750 of plumbing income this year.

Explanation:

Based on the information given if Dave clients make their checks payable to his son, Steve based on Dave request in which the son, Steve received checks of $72,750 on behalf of his Dad, Dave's plumbing services, the TRUE STATEMENT will be DAVE IS TAXED ON $72,750 OF PLUMBING INCOME THIS YEAR reason been that to assign income to another person is NOT EFFECTIVE for TAX PURPOSES.

6 0
3 years ago
Assume you’ve got terrific credit: What would be your likely APR for purchases or balance transfers?
Zielflug [23.3K]

Answer:

The APR stands for the annual percentage rate, and you can hope for a credit card with the least APR since you have good credit. It is the interest rate that is charged annually over the credit you spend. And the average credit card APR is 15.09, as mentioned in the February report. And on account that assesses interest, on average the APR is 16.91. And hence an APR below the 17.57, can be considered as a good one. And hence, this can be your APR for purchases or the balance transfers since you have a terrific credit.

Explanation:

Please check the answer section.

4 0
3 years ago
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations a
VARVARA [1.3K]

Answer:

Basic = $140.82

Dominator = $392.216

Explanation:

For Basic:

Total cost for Basic:

= Direct materials costs + Direct labor costs + Manufacturing overhead

= $ 11,000 + $72,000 + $128,232

= $211,232

Per unit cost:

= Total cost for Basic ÷ Number of units produced

= $211,232 ÷ 1,500

= $140.82

For Dominator:

Total cost for Dominator:

= Direct materials costs + Direct labor costs + Manufacturing overhead

= $3,500 + $34,000 + $60,554

= $98,054

Per unit cost:

= Total cost for Basic ÷ Number of units produced

= $98,054 ÷ 250

= $392.216

Workings:

Manufacturing overhead (Basic):

= Manufacturing overhead costs × (Direct labor costs ÷ Total direct labor costs)

= $188,786 × ($72,000 ÷ $106,000)

= $128,232

Manufacturing overhead (Dominator):

= Manufacturing overhead costs × (Direct labor costs ÷ Total direct labor costs)

= $188,786 × ($34,000 ÷ $106,000)

= $60,554

7 0
3 years ago
The following information was available for Kingbird, Inc. at December 31, 2017: beginning inventory $70000; ending inventory $1
photoshop1234 [79]

Answer:

Inventory turnover ratio = 7.2 times

Explanation:

Given:

Beginning inventory = $70,000

Ending inventory = $108,000

Cost of goods sold = $644,000

Sales = $888,000

Find:

Inventory turnover ratio

Computation:

Average inventory = [Beginning inventory + Ending inventory] / 2

Average inventory = ($70,000 + $108,000) / 2

Average inventory = $89,000

Inventory turnover ratio =  Cost of goods sold / Average inventory

Inventory turnover ratio = $644,000 / $89,000

Inventory turnover ratio = 7.2 times

5 0
3 years ago
A property valued at $1 million is returning a net annual income of $85,000. what's its cap rate?
leva [86]
8.5% :))))))))))))))))))))
4 0
1 year ago
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