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4 years ago

The balance sheets for Plasma Screens Corporation, along with additional information, are provided below:

Business

1 answer:

Nutka1998 [239]4 years ago

7 0

Answer:

Please see the Cash Flow Statement for Plasma Screens Corporation below:

Explanation:

PLASMA SCREENS CORPORATION

Statement of Cash Flows

For the Year Ended December 31, 2021

CASH FLOWS FROM OPERATING ACTIVITIES $

Net Income 68,000

Adjustments to reconcile net income to

net cash provided by operating activities:

Depreciation on Fixed Assets 161,000

(Increase) Decrease in Current Assets:

Accounts Receivables 13,900

Inventory (14,900)

Prepaid Rent (1,900)

Increase (Decrease) in Current Assets:

Accounts Payable 13,900

Interest Payable (6,900)

Income Tax Payable 2,900

NET CASH PROVIDED BY OPERATING ACTIVITIES 236,000

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Equipment (109,000)

NET CASH USED IN INVESTING ACTIVITIES (109,000)

CASH FLOWS FROM FINANCING ACTIVITIES

Payment of Notes Payable (115,000)

Payment of Cash Dividends (24,500)

NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES (139,500)

NET INCREASE (DECREASE) IN CASH (12,500)

Cash Balance, December 31 2020 154,300

Cash Balance, December 31 2021 141,800

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The premium cost would be $0.25.

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4 years ago

charging a customer different prices per unit, depending upon the number of units purchased is called

klemol [59]

It can be inferred that charging a customer different prices per unit depending on the number of units is called price discrimination.

<h3>What is price discrimination?</h3>

Price discrimination is a sales strategy in which customers are charged different prices for the same product or service based on what the seller thinks they can get the customer to accept. In pure price discrimination.

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<h3>more insight on price discrimination</h3>

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1 year ago

At December 31, 2017 the following balances existed on the books of Vaughn Manufacturing: Bonds Payable $5990000 Discount on Bon

Pepsi [2]

Answer:

loss on redemption = $969800

so correct option is $969800

Explanation:

given data

Bonds Payable = $5990000

Discount on Bonds Payable = 850000

Interest Payable = 155000

bonds retired = 102

to find out

loss on redemption

solution

we get here loss on redemption that is express as

loss on redemption = amount paid in excess par value + discount bond payable ........................1

here amount paid in excess par value will be

amount paid in excess par value = Bonds Payable ( 1.02- 1)

amount paid in excess par value = $5990000 × (1.02 - 1)

amount paid in excess par value = 119800

so from equation 1

loss on redemption = $119800 + 850000

loss on redemption = $969800

so correct option is $969800

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4 years ago

Company Pea owns 90 percent of Company Essone which in turn owns 80 percent of Company Esstwo. Company Esstwo owns 100 percent o

ankoles [38]

Answer:

Company Pea

Consolidated financial statements should be prepared to report the financial status and results of operations for:

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Explanation:

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Zanzabum

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