Answer:
Net Cash Flows from operating activities is $68.5 million.
Explanation:
The indirect Method would be used here because all we will find the cash expenses and revenues that were converted into within the year and are reported in the income statement by calculating the increase and decrease in the current assets and current liabilities. Here we will also eliminate the non cash expense effects by adding them back.
The net cash flows from operating activities can be calculated using the following method:
Millions
1. Net Income 65
<u>Add Non Cash Deductions</u>
2. Depreciation 5.5
3. Loss on sale of Equipment 1.5
<u>Add / (Less) the increase or </u>
<u>decrease in current Assets or </u>
<u>liabilities</u>
4. Increase in Trade Receivables (2.5)
5. Increase in Trade Payables 3.5
6. Increase in inventory <u> (4.5) </u>
Net Cash Flows from operating activities $68.5
Answer:
$177,000
Explanation:
In order to find the book value of the equipment we need to find the amount of depreciation per year. To do this we need to subtract the salvage value from the initial cost and then simply divide by 5 which is the life span of the equipment...
(390,000 - 35,000) / 5 = x
355,000 / 5 = x
71,000 = x
Now we see that the equipment will depreciate by $71,000 per year. In three years the depreciation would be
71,000 * 3 = 213,000
Now we simply subtract this value from the initial cost to get the book value in the third year
390,000 - 213,000 = 177,000
Answer:
$ 5,937.00
Explanation:
The credit to retained earnings in the year would be the net income for the year which is computed as sales and rent revenue added together minus salaries and wages expense,depreciation expense , utilities expense recorded in the year.
Net income=$13,108+$2,756-$6,639-$1,610-$1,678=$ 5,937.00
All in all,the credit to retained earnings would be $ 5,937.00
The net income is the amount by which the overall retained earnings would increase in the current year
Answer:
Perfect competition is a market structure in which a large number of firms produce the same product.
Explanation:
Items at a grocery store are an example of perfect competition. onsumers have many options at multiple price points.
Answer:
4.00
Explanation:
Given:
Upper Specification Limit, USL = 27
Lower Specification Limit, LSL = 21
Mean = 22
Standard deviation, 
= 0.25
Required:
Find the process capability index
First center the mean by taking the average of the LSL and USL.
Use formula below to find process capability index:
![C_p_i = min [(\frac{USL - X}{3*\sigma}), (\frac{X - LSL}{3*\sigma})]](https://tex.z-dn.net/?f=%20C_p_i%20%3D%20min%20%5B%28%5Cfrac%7BUSL%20-%20X%7D%7B3%2A%5Csigma%7D%29%2C%20%28%5Cfrac%7BX%20-%20LSL%7D%7B3%2A%5Csigma%7D%29%5D%20)
![C_p_i = min [(\frac{27 - 24}{3*0.25}), (\frac{24 - 21}{3*0.25})]](https://tex.z-dn.net/?f=%20C_p_i%20%3D%20min%20%5B%28%5Cfrac%7B27%20-%2024%7D%7B3%2A0.25%7D%29%2C%20%28%5Cfrac%7B24%20-%2021%7D%7B3%2A0.25%7D%29%5D%20)
![= min [(\frac{3}{0.75}), (\frac{3}{0.75})]](https://tex.z-dn.net/?f=%20%3D%20min%20%5B%28%5Cfrac%7B3%7D%7B0.75%7D%29%2C%20%28%5Cfrac%7B3%7D%7B0.75%7D%29%5D%20)
![min [ (4.00), (4.00)]](https://tex.z-dn.net/?f=%20min%20%5B%20%284.00%29%2C%20%284.00%29%5D%20)
We are sullosed to take the minimum value, but since both values are equal, our process capability index will be 4.00
Therefore, the process capability index = 4.00
