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KengaRu [80]
3 years ago
14

Exercise 4-15A Calculate net cash flows (LO4-7) Below are several transactions for Meyers Corporation for 2021. Issue common sto

ck for cash, $40,000. Purchase building and land with cash, $25,000. Provide services to customers on account, $6,000. Pay utilities on building, $500. Collect $4,000 on account from customers. Pay employee salaries, $8,000. Pay dividends to stockholders, $3,000.
Business
1 answer:
Maru [420]3 years ago
7 0

Answer:

$12,600

Explanation:

Particulars                                                              Amount

a. Issue common stock for cash                            $40,000

b. Purchase building and land with cash,            -$25,000

c. Provide services to customers on account       $6,000

d. Pay utilities on building                                      -$500

e. Collect $4,000 on account from customers     $4,000

f. Pay employee salaries                                        -$8,000

g. Pay dividends to stockholders                          -<u>$3,900</u>

   Net Cash Flow                                                    <u>$12,600</u>

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Brenda was planning a small dinner party and had gone to a new specialty food store with coupons she'd found in the food section
Softa [21]

Answer:

<em><u>In store promotion</u></em>

Explanation:

Brenda was planning a small dinner party and had gone to a new specialty food store with coupons he'd found in the food section of the paper. At the store she also found a buy one , get one free deal and a gift offered with the purchase of a particular dessert . She altered the menu as a  result of the <em><u>promotion in store</u></em> and ended up spending less than she'd planned.

Promotion in sale is good tactic used bu the sores to increase their sales . Store's promotion attract people and they intend or desire to buy the product.It always helps the customer to remove their dissatisfaction as they can even physical touch the product and can know about the quality of the product . It builds a strong connection between the seller and the buyer.  It helps i creating the brand loyalty . It helps in creating a good product image of the product in the mind of the the buyers.

5 0
3 years ago
Which of the following will usually be found on an income statement prepared using absorption costing? Contribution Margin/ Gros
chubhunter [2.5K]

Answer:

C) No/Yes

Explanation:

An income statement (profit and loss account) is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. It indicates how the revenues are transformed into the net income or net profit

Absorption cost is a method of calculating the cost of a product or enterprise by taking into account indirect expenses (overheads) as well as direct costs.

How do you calculate total period cost under absorption costing?

Income statement shows Sales – Cost of Goods sold = Gross Margin (or Gross Profit) – Operating Expenses = Net Income and is based on the number of units SOLD.

3 0
3 years ago
The total cost​ (in dollars) of manufacturing x auto body frames is ​C(x)=60,000+400x. ​(A) Find the average cost per unit if 20
Nesterboy [21]

Answer:

a) Average price per unit = 700

b) average marginal cost = -1.5 dollars/frame

c) For 201 frames are produced = $698.5

Explanation:

Given Data:

C(x) = 60000 + 400x

a) Average cost for 200 units:

Total Cost of 200 units will be:

C(200) = 60000 + 400(200)

C(200) = 140,000

Total Cost of 200 units = 140,000

Average price per unit = Total Cost / number of units

Average price per unit = 140,000/200

Average price per unit = 700

b) Marginal Average Cost:

We know that marginal cost = C^{'}(x)

And the average marginal cost = \frac{d}{dx} \frac{C(x)}{x}

So,

= the derivative of (\frac{60,000 + 400(x)}{x})

= the derivative of (\frac{(60,000)}{x} + 400)

= \frac{-60,000}{x^{2} } + 0

So,

average marginal cost = \frac{-60,000}{x^{2} }

at x = 200 units

average marginal cost = \frac{-60,000}{200^{2} }

average marginal cost = -1.5 dollars/frame

c) Average cost per frame if 201 frames are produced:

We already seen in the part b that, the average marginal cost is decreasing by 1.5 dollars /frame. So,

if 201 frames are produced the instead of 200 then the difference is of 1 frame and we discussed that average marginal cost of 1 frame is decreasing at 1.5 dollars per frame.

So,

As we know the average cost from part a = 700 dollars.

Therefore, for 201 item = 700 dollars -1.5 dollars

For 201 frames are produced = $698.5

5 0
3 years ago
Whispering Winds Corporation owns equipment that cost $64,800 when purchased on April 1, 2013. Depreciation has been recorded at
Aleonysh [2.5K]

Answer:

(a) update depreciation for 2018

Debit ; Depreciation $10,800

Credit Accumulated Depreciation  $10,800

(b) record the sale

Debit : Cash $12,960

Debit : Accumulated Depreciation $62,100

Credit : Profit and Loss $10,260

Credit : Equipment at Cost $64,800

Explanation:

(a) update depreciation for 2018

Recognize deprecation

(b) record the sale

Recognize proceeds from sale and profit or loss from sale

7 0
3 years ago
Caramel Corporation has 5,000 shares of stock outstanding.
Jet001 [13]

<u>Answer and Explanation:</u>

Caramel Corporation outstanding share are 5000

Caramel Corporation distributes $145,000 in an exchange for 1000 number of shares in a qualifying stock redemption.

Given : caramel Corportaion has E&P of around $300,000.

E&P attributable to 1000 number of shares = 300000 * 1000 / 5000=\$ 60,000

Therefore, the consequence of this redemption are $60,000 charge to E&P and reduction in caramel Corporation paid-in capital account is $85000 ($145000 subtract $60000)

4 0
3 years ago
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