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Leviafan [203]
2 years ago
5

As a member of UA Corporation's financial staff, you must estimate the Year 1 cash flow for a proposed project with the followin

g data. What is the Year 1 cash flow? Do not round the intermediate calculations and round the final answer to the nearest whole number. Sales revenues, each year $40,000 Depreciation $10,000 Other operating costs $17,000 Interest expense $4,000 Tax rate 35.0%
Business
1 answer:
diamong [38]2 years ago
8 0

Answer:

$15,850

Explanation:

Particulars                                   Amount

Sales revenues, each year        $40,000

Less : Depreciation                    $10,000

Less : Other operating costs     <u>$17,000</u>

EBIT                                             $13,000

Less : Interest expense              <u>$4,000</u>

EBT/PBT                                      $9,000

Less: Tax at 35%                         <u>$3,150 </u>  ($9,000*35%)

PAT                                              $5,850

Add: Depreciation                       <u>$10,000</u>

Cash flow after taxes                 <u>$15,850</u>

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On what date does congress normally begin its annual meeting unless otherwise determined?
mrs_skeptik [129]

Congress usually begins its annual meeting on January 3 unless otherwise determined. This is as stipulated in the 20th amendment to the United States constitution, which moved the beginning and ending of terms of members of Congress from March 4 to January 3.

5 0
3 years ago
Massena Corporation reported the following data for the month of February:
Elodia [21]

Answer:

$186,700

Explanation:

The computation of adjusted cost of goods sold is shown below:-

Before that we need to do the following calculations

Raw material consumed = Beginning raw material + Raw material purchases - Ending raw materials - Raw materials included in  manufacturing overhead costs  as indirect materials

= $40,000 + $63,000 - $24,000 - $5,000

= $74,000

Total manufacturing cost = Beginning work in progress + Raw material consumed + Direct labor cost + Manufacturing overhead cost - Ending work in progress

= $23,000 + $74,000 + $73,700 + $48,000 - $17,000

= $201,700

Unadjusted Cost of goods sold = Raw materials + Total manufacturing cost - Ending finished goods

= $50,000 + $201,700 - $72,000

= $179,700

Adjusted COGS = Unadjusted Cost of goods sold + Underapplied overhead

= $179,700 + ($55,000 - $48,000)

= $179,700 + $7,000

= $186,700

6 0
3 years ago
Fishing Adventures rents small fishing boats to tourists for day­long fishing trips. Each boat can only carry 1500 pounds of peo
galben [10]

Answer:

Who want to rent a boat? 8 person

Explanation:

Carry  1500 pounds    

Carry  200 pouns      

Average  150 pound /person    

Additional10 pounds/person    

     

1500-200=150x +10x

         1300=160x    

        x=1300÷160    

        x=8,12  

 8 person Aditional Gear  

 150          10  

 8           8  

 1200 80            200 1480

8 0
3 years ago
Death benefit proceeds from a life insurance policy are included in a decedent's gross estate in which of the following circumst
Katarina [22]

Answer:

B. 1 and 2.

Explanation:

Life insurance policy can be defined as a contract between a policyholder and an insurer, in which the insurer agrees to pay an amount of money to a specific beneficiary either upon the death of the insured person (decedent) or after a set period of time.

A decedent refers to a deceased person who is no longer able to control his or her properties (wealth).

Generally, insurance companies across the globe charge millions of their customers (insured) premiums every year. This gives them the privilege of having a pool of cash which can be used to cover the cost of losses and destruction to the asset of a small fraction or percentage of its customers.

This simply means that, since insurance companies collect premium from all of their customers for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.

Death benefit proceeds from a life insurance policy are included in a decedent's gross estate in the following circumstances:

I. The decedent gave the policy to his father four years ago, but retained the right to change the name of the beneficiary.

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8 0
3 years ago
Name one form of collusion
Vera_Pavlovna [14]

Answer:

price fixing

Explanation:

The collusion occurs when firms agree to collaborate in a way that disrupt markets such as fixing prices above the actual price to alter the equilibrium of the market

3 0
3 years ago
Read 2 more answers
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