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enot [183]
2 years ago
10

The following information is available for Felix Company: Net income $300 Decrease in plant and equip. $40 Depreciation expense

$20 Increase in deferred tax asset $5 Gain on sale of assets $35 Decrease in long-term debt $50 Increase in inventories $25 Decrease in accounts payable $15 What is cash flow from operating activities for Felix Company
Business
1 answer:
zmey [24]2 years ago
7 0

Answer:

$240

Explanation:

The computation of cash flow from operating activities of Felix company is seen below;

= Net income - Decrease in plant and machinery + decrease in expense - increase in deferred assets + gain on sale of assets

= $300 - $40 + $20 - $5 + $35

= $240

Therefore, cash flow from operating income of Felix company is $240

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1. Sharon, a newly engaged woman, saw an advertisement in a bridal magazine for a beautiful pearl necklace priced at $69.99 from
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Question Completion:

a. List the 3 elements of an offer and describe each (in your own words).

b. Did Precious Jewelry make an offer when they placed the ad in the magazine? Did Sharon make an offer when she placed the order? Why or why not?

c. What will be the likely outcome if Sharon sues Precious Jewelry to force them to fill her order? Explain your answer.

Answer:

a. The three elements of a valid offer are Communication, Commitment, and Definite Terms.  Communication of an offer should be between the offeror and the offeree and not with the general public.  Commitment in an offer requires that the two parties are identified and are committed to the exchange of offer and acceptance.  Definite terms means that the terms of the offer must be clear and well-understood by the involved parties.

b. Precious Jewelry did not make an offer when it placed the ad in the magazine.  The ad was an invitation to offer.  Sharon was the party that made the offer when she ordered for the jewelries.  It was then left for Precious Jewelry to accept or reject the offer.

c. If Sharon sues Precious Jewelry to force them to fill her order, she does not have the locus standi because there is no basis for the existence of a contract between Sharon and Precious Jewelry since Sharon's offer was not accepted by Precious Jewelry and there was no consideration.

Explanation:

For a valid contract to exist between Sharon and Precious Jewelry, the five elements of a contract must be present.  They include valid offer, acceptance, mutual consent (or assent), consideration, and legality (including capacity).

6 0
3 years ago
2. An electronics manufacturing firm is currently manufacturing resistors that have a variable cost of $0.50 per unit and a sell
SCORPION-xisa [38]

Answer:

a. Should the firm buy the new equipment?

  • no, because operating profit will decrease

b. What is the minimum price the company would have to charge in order for the new equipment to be worth purchasing (assuming the higher or lower price doesn’t affect the 500,000 unit volume)?

  • $1.02 per unit

Explanation:

contribution margin per unit = $0.50

total units sold = 300,000

fixed costs = $100,000

operating income = (300,000 x $0.50) - $100,000 = $50,000

if the firm improves the quality of their products:

contribution margin per unit = $0.40

total units sold = 500,000

fixed costs = $160,000

operating income = (500,000 x $0.40) - $160,000 = $40,000

if you want to keep operating income at $50,000 then minimum sales price should be:

500,000 = $210,000 / contribution margin

contribution margin = $210,000 / 500,000 = $0.42

sales price = contribution margin + variable costs = $0.42 + $0.60 = $1.02 per unit

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3 years ago
A customer service representative loses his job because his company adopted a new software that does most of his job automatical
ch4aika [34]

A customer service representative loses his job because his company adopted a new software that does most of his job automatically. This is an example of technological unemployment.

<h3>What is technological unemployment?</h3>

This are happen when an individual losses her Job due to the use of technology.

The new technology now handles the works and the service of the individual is no longer require.

Therefore, A customer service representative loses his job because his company adopted a new software that does most of his job automatically. This is an example of technological unemployment.

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2 years ago
Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine-hours best explain the
Paha777 [63]

Answer:

The utilities cost associated with 1,110 machine hours will be $10,505.

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High Low method is a way to calculate the variable and fixed cost element of total cost using lowest level of activity and its cost and highest level of activity and its cost.

In this example The Highest activity of Machine hour is in the month of May and Lowest  activity is in February.

Using high low method:

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Variable cost =  ( Cost in May - Cost in February ) / ( Machine hours in May - Machine Hours in February)

Variable cost =  ( $9,625 - $8,360 ) / ( 950 - 720 )

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