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3 years ago

The following information is available for Ivanhoe Company for the year ended December 31, 2022.

Business

1 answer:

aivan3 [116]3 years ago

7 0

Answer and Explanation:

The preparation of the cash flow statement is presented below:

Cash Flows From Operating Activities

Net Income $497,175

Adjustments made:

Less: Increase in Accounts Receivable -$14,350

Less: Increase in Inventory -$19,250

Less: Decrease in accounts payable -$6,475

Add: Increase in Income tax payable $8,225

Add: Depreciation Expense $283,500

Net Cash Provided by Operating Activities (A) 748,825

Cash Flows From Investing Activities

Cash received for sale of land at book value $61,250

Less: Cash used to purchase a building -$505,750

Net Cash Provided by Investing Activities (B) -$444,500

Cash Flows From Financing Activities

Cash received from issuing bonds $350,000

Less: Cash used to purchase Treasury stock -$45,500

Less: Cash Dividends Paid -$21,000

Net Cash Used by Financing Activities (C) $283,500

Net Increase in Cash (A+B+C) $587,825

Add: Beginning cash balance 78,750

Ending cash balance $666,575

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Devin had worked for his company for several years and was considered to be a politically savvy employee. After earning several

alexgriva [62]

Answer:

informal organization.

Explanation:

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Thus the correct answer is informal organization.

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3 years ago

Ram Company's after-tax net income was $120. Their interest paid was $50. Assuming the corporate tax is 40%, what is Ram Company

Nataliya [291]

Answer:

Explanation:

The formula to compute the interest coverage ratio is shown below:

= (Earning before tax + interest expense) ÷ (interest expense)

where,

Earning before tax equal to

= Net income ÷ (1 - tax rate)

= $120 ÷ (1 - 0.40)

= $200

And interest expense is $50

So, the interest coverage ratio equal to

= ($200 + $50) ÷ ($50)

= 5

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3 years ago

A bond has a par value of $1,000, a time to maturity of 15 years, and a coupon rate of 7.90% with interest paid annually. If the

Effectus [21]

Answer:

$5.97

Explanation:

In order to determine the capital gain of the bond in a year's time,it is first first of all important to calculate the yield to maturity on the bond which is arrived at by applying the rate formula in excel as follows:

=rate(nper,pmt,-pv,fv)

nper is the number of coupon interest the bond would pay over its entire life of 15 years which is 15

pmt is the annual interest,7.9%*$1000=$79

pv is the current market price of the bond which is $790

fv is the value of $1000

=rate(15,79,-790,1000)=10.79%

Afterwards,the price of the bond in one year' time can then be calculated:

=-pv(rate,nper,pmt,fv)

The variables in the formula are as above except for nper which would reduce by 1 in a year's time

=-pv(10.79%,14,79,1000)

pv=$ 795.97

Hence the capital gain=price now-price one year ago/price one year ago

price now is $795.97

price one year ago was $790

Capital gain=$795.97-$790=$5.97

Capital gain %= ($795.97-$790)/$790=0.76%

8 0

2 years ago

In its first year of operations Best Corp. had income before tax of $540,000. Best made income tax payments totaling $177,000 du

hodyreva [135]

Answer:

$378,000

Explanation:

Best Corp. has income before tax of $540,000.

The tax rate is 30%. the amount of tax will be 30% of $540,000.

= 30/100 x $540,000

=0.3 x 540,000

=$162,000

Tax amount = $162,000.

Net income = Income before tax - tax amount

=$540,000 - $162,000

=$378,000

8 0

3 years ago

As a business owner, you're responsible for making the decisions that pertain to the profitability of your business. This decisi

kobusy [5.1K]

Answer: Independence

Explanation: Independence can be explained as a state of existence where one's personal decisions, actions or steps does not hinge on another person's approval or acceptance. It could be seen as a state of autonomy where one can personally decide and actions one feels is best for a certain process at a particular time.

As a business owner, one thinks and acts based on one's personal volition of what is best for his or her business without having to sit and discuss with a group of individual's who may habiur different perceptions or scope. This freedom is usually enjoyed by small business owners rather than large groups of companies or corporations.

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3 years ago