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3 years ago

8

Pompeii, Inc., has sales of $54,500, costs of $24,800, depreciation expense of $2,700, and interest expense of $2,450. If the ta

x rate is 22 percent, what is the operating cash flow, or OCF

1 answer:

inysia [295]3 years ago

6 0

the interest equals 47009 because the numbers added together

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3 years ago

"Consumer sovereignty" means that Group of answer choices1. buyers can dictate the prices at which goods and services will be of

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Answer:

2. advertising is ineffective because consumers already know what they want.

Explanation:

Consumer sovereignty is the idea that it is consumers who influence production decisions because they decide what to buy by checking to see that their expectations are meet. Production of goods is designed towards meeting the needs of the consumers. The consumers select what they want to buy by the checking if the good fulfills their needs and wants.

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3 years ago

Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$20 par value, 10

gogolik [260]

Answer:

1. See the attached excel file for the journal entries.

2. Ending balance of retained earning is $346,125

3.Total Stockholder's Equity is $1,616,125

Explanation:

1. Prepare journal entries to record each of these transactions.

Note: See the attached excel file for the journal entries.

The following are tge workings:

w.1: Treasury stock = $5,000 * $20 = $10,000

w.2: Dividend payable = (Issued and outstanding shares - Shares repurchase) * Dividend per share = (60,000 - 5,000) * $4 = 55,000 * $4 = $220,000

w.3: Cash = Number of shares sold * Selling price per share = 1,875 * $24 = $45,000

w.4 = Treasury stock = Number of shares sold * Treasury price per share = 1,875 * $20 = $37,500

w.5: Additional paid in capital = Number of shares sold * (Selling price per share - Treasury price per share) = 1,875 * ($24 - $20) = $7,500

w.6: Cash = Number of shares sold * Selling price per share = 3,125 * $17 = $53,125

w.7 = Treasury stock = Number of shares sold * Treasury price per share = 3,125 * $20 = $62,500

w.8: Balancing figure = Treasury stock (w.7) – Cash (w.7) - Additional paid in capital (w.5) = $62,500 - $53,125 - $7,500 = $1,875

w.9: Dividend payable = (Issued and outstanding shares * Dividend per share = 60,000 * $4 = $240,000

2. Prepare a statement of retained earnings for the year ended December 31, 2019.

Kohler Corporation

Statement of Retained Earnings

On December 31, 2019

<u>Particulars Amount ($) </u>

Opening balance 400,000

Income for the year 408,000

Dividend Paid (220,000 + 240,000) (460,000)

Loss on sale of treasury stock <u> (1,875) </u>

Ending balance <u> 346,125 </u>

3. Prepare the stockholders’ equity section of the company’s balance sheet as of December 31, 2019.

Kohler Corporation

Stockholder Equity Section of Balance sheet

At December 31, 2019

<u>Particulars Amount ($)</u>

Common stock issued ($20 * 60,000) 1,200,000

Paid-in capital in excess of par v - c. stock <u> 70,000 </u>

Total contributed Capital 1,270,000

Retained Earnings <u> 346,125 </u>

Total Stockholder's Equity <u> 1,616,125 </u>

3 0

3 years ago

Matt Simpson owns and operates Quality Craft Rentals, which offers canoe rentals and shuttle service on the Nantahala River. Cus

Vlad1618 [11]

The price that Quality Craft Rentals should charge per rental is $35.57.

Data and Calculations:

Fixed Costs Variable Costs Total Annual Costs

Canoe maintenance $ 3,100 $61,200 ($9 x 6,800) $64,300

Licenses and permits 3,800 0 3,800

Vehicle leases 6,200 0 6,200

Station lease 7,720 0 7,720

Advertising 6,800 $47,600 ($7 x 6,800) 54,400

Operating costs 21,800 $47,600 ($7 x 6,800) 69,400

Annual depreciation ($27,000/10) 2,700

Total annual costs $208,520

Before-tax return on assets 33,363

Total costs + returns $241,883

Total rentals per year 6,800

Price to charge per rental ($241,883/6,800) $35.57

Thus, the price per rental of $35.57 would ensure that Quality Craft Rentals makes an annual 16% <em>before-tax return on assets</em> using life-cycle costs.

Learn more: brainly.com/question/13959507

7 0

2 years ago