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FromTheMoon [43]
2 years ago
15

Hinck Corporation reported net cash provided by operating activities of $361,200, net cash used by investing activities of $150,

800 (including cash spent for capital assets of $206,000), and net cash provided by financing activities of $78,900. Dividends of $126,900 were paid.
Business
1 answer:
PolarNik [594]2 years ago
6 0

Answer:

$28,300

Explanation:

Missing word: "<em>Calculate free cash flow."</em>

<em />

Free cash flow = Operating cash flow - Capital expenditures - Dividends

Free cash flow = $361,200 - $206,000 - $126,900

Free cash flow = $28,300

So, the Free cash flow of Hinck Corporation is $28,300.

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A​ company's bank statement balance is $ 3,400 and shows a service charge of $ 12​, interest earned of $ 7​, and an NSF check fo
BigorU [14]

Answer:

a. $3,725

b. $3,945

Explanation:

a. The computation of the adjusted cash balance is shown below:

= Bank statement balance + Deposits in transit - outstanding checks

= $3,400 + $1,000 -  $675

= $3,725

b. The computation of the book balance of cash before the reconciliation is shown below:

= Adjusted cash balance +  service charge + NSF checks - interest earned -  recording error

= $3,725 + $12 + $240 - $7 - $25

= $3,945

7 0
2 years ago
Which of the following is not true concerning account titles:multiple choiceThere is a wide range of account titles among differ
astra-53 [7]

Answer:

There is a wide range of account titles among different types of companies

Explanation:

An account title can be regarded as a

unique name that is been assigned or associated to particular account in an accounting system. It is very crucial to use An account title when there is a need for identification of accounts by

accounting staff , this is because the title usually conveys the purpose of that particular account. Some of the account titles that can be used are;

Cash on Hand, Petty Cash Fund, and

Cash in Bank,. In account titles;

✓All companies use exactly the same account titles.

✓There is a small range in account titles regardless of type of company.

✓All companies use different account titles.

5 0
2 years ago
Ummm someone make a <br><br>zoom
mestny [16]

Answer:

no

Explanation:

but thx for pts tho :)

6 0
2 years ago
ChowMein Company is the exclusive Montana distributor of lawn mowers for a small manufacturing company. It sells only one model
frozen [14]

Answer:

ChowMein Company

a. Monthly break-even point in sales dollars = Fixed Costs/Contribution margin

= $2,000/50%

= $4,000

b. Monthly break-even point in units = Fixed Costs/Contribution per unit

= $2,000/$300

= 6.67 or simply 7 units

c. Monthly income for April:

Sales ($600 * 15) = $9,000

Variable cost ($300 * 15) = $4,500

Contribution =   $4,500

Fixed Costs = $2,000

Income = $2,500

d. Monthly income for May:

Sales ($600 * 20) = $12,000

Variable cost ($300 * 20) = $6,000

Contribution =   $6,000

Fixed Costs = $2,000

Income = $4,000

e. Margin of Safety for April:

Sales in April minus Break-even Sales

= $9,000 - $4,000

= $5,000

Explanation:

Data and Calculations:

Unit selling price = $600

Unit variable costs = $300 ($250 + 50)

Unit Contribution = $300

Contribution margin = 50% ($300/$600 * 100)

Fixed Costs = $2,000

April sales = 15

May sales = 20

4 0
3 years ago
Use the following demand schedule to determine total and marginal revenues for each possible level of sales.
ira [324]

Answer:

please check the attached image for the completed table containing the answers

The industry is purely competitive.

Explanation:

please check the attached image for a clear image of the table used in answering this question

Total revenue = product price x quantity demanded

for example, total revenue when quantity demanded is 2 is $ x 2 = $4

Marginal revenue is change in total revenue.

marginal revenue = total revenue - previous total revenue

e.g. marginal revenue when quantity demanded is 2 is = $4 - $2 = $2

the structure of the industry is a purely competitive market because price is equal to marginal revenue.

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

7 0
2 years ago
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