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Tatiana [17]
2 years ago
15

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $30,5

00; net cash used in investing activities was $11,000 and net cash used in financing activities was $13,500. If the beginning cash balance is $5,500, what is the ending cash balance
Business
1 answer:
DIA [1.3K]2 years ago
6 0

Answer:

$38,500

Explanation:

Sheridan's ending cash balance can be calculated as;

= Beginning cash balance + cash provided by operating activities + cash provided by financing activities - cash used by investing activities

= $5,500 + $30,500 + $13,500 - $11,000

= $38,500

Therefore, the ending cash balance is $38,500

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On October 1, 2020 Bonita Industries issued 5%, 10-year bonds with a face value of $8090000 at 103. Interest is paid on October
V125BC [204]

Answer:

a credit of $242700 to Premium on Bonds Payable

Explanation:

Based on the information given The journal entry to record the issuance of the bonds would include a credit of $242700 to Premium on Bonds Payable which is calculated as:

Premium on Bonds Payable=[($8090000*103%)-$8090000

Premium on Bonds Payable=8,332,700-$8090000

Premium on Bonds Payable=$242700

Therefore The entry to record the issuance of the bonds would include a credit of $242700 to Premium on Bonds Payable

6 0
2 years ago
Longley Trucking is issuing a 20-year bond with a $2,000 face value tomorrow. The issue is to pay an 8% coupon rate, because tha
Katen [24]

Answer:

Longly will receive $1,817.43 from selling the bond.

Explanation:

As the coupon rate is 8%; we have annual coupon payment = 2,000 x 8% = $160.

The price of the bond Longly will receive is equal to the present value of 20 annual coupon payment plus the present value of $2,000 face value repayment in 20 years time; with the two streams of cash flow discounting at the market rate at the date of issuing 9%; which is calculated as:

[ ( 160/9%) x [ 1 - 1.09^(-20) ] ] + ( 2,000 / 1.09^20 ) = $1,817.43.

So, the answer is $1,817.43.

7 0
3 years ago
Classify the following descriptions of constraints as bounds, limitations, requirements, proportional relationships, or balance
NeTakaya

Answer: Please refer to Explanation.

Explanation:

First the descriptions of Constraints shall.be described first to better understand the the questions.

Bounds are constraints where the value of a variable is not allowed to exceed a level.

Limitations are Constraints whereby there is only a limited number of the variable in question.

Requirements are constraints that refer to the minimum levels of a variable required.

Proportional Relationships are constraints that describe the relationship between Variables in terms of how they relate or are mixed and the like.

Balance Constraints refer to acheving a balance between Variables.

Classifying them therefore we have,

a. Each serving of chili should contain a quarter-pound of beef.

PROPORTIONAL RELATIONSHIPS

b. Customer demand for a cereal is not expected to exceed 800 boxes during the next month. BOUNDS.

c. The amount of cash available to invest in March is equal to the accounts receivable in February plus investment yields due on February 28. BALANCE CONSTRAINTS.

d. A can of premium nuts should have at least twice as many cashews as peanuts. PROPORTIONAL RELATIONSHIPS.

e. A warehouse has 3,500 units available to ship to customers. LIMITATIONS.

f. A call center needs at least 15 service representatives on Monday morning. REQUIREMENTS.

g. An ice cream manufacturer has 40 dozen fresh eggs at the start of the production shift. LIMITATIONS.

If you need any clarification do comment. Cheers.

7 0
3 years ago
The business cycle is thea.predictable changes in economic activity due to changes in government spending and taxes.b.irregular
Nitella [24]

Option B

The business cycle is irregular fluctuations in economic activity.

<u>Explanation:</u>

The business cycle is the constant rise and decline of financial growth that transpires overhead time. A cycle is a valuable mechanism for probing the market. It can further assist you to perform more reliable monetary choices. The state administration handles the business cycle.

The business cycle depicts the germination and bankruptcy in the making yield of assets and services in a marketplace. Business cycles are usually estimated relating to the boom and recession in the actual entire domestic goods or modified for inflation.

4 0
3 years ago
Erin works at a financial institution. She has offered a housing loan to a customer. While carrying out the transaction, which l
Neko [114]

Answer:

D. ensure that she credits the loan amount accurately to the customer’s account

Explanation:

Erin needs to address this legal responsibility, and "arranging an informal meeting with the customer" is not a legal responsibility. Similarly, C is not a legal responsibility, and in fact, it is a crime. And E is not a legal responsibility. These details are not being given at the time of sanctioning the loan. However, D is certainly a legal responsibility as Erin needs to ensure that she credits the loan amount accurately to the customer's account.

6 0
3 years ago
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