Answer:
(a) Plant assets that had cost $20,000 6 years before and were being depreciated on a straight-line basis over 10 years with no estimated scrap value were sold for $5,300.
- increases cash flows from investing activities
(b) During the year, 10,000 shares of common stock with a stated value of $10 a share were issued for $43 a share
- increases cash flows from financing activities
(c) Uncollectible accounts receivable in the amount of $27,000 were written off against Allowance for Doubtful Accounts.
- this corresponds to bad debt expense which is included in the income statement
(d) The company sustained a net loss for the year of $50,000. Depreciation amounted to $22,000, and a gain of $9,000 was realized on the sale of land for $39,000 cash.
- the net loss and the gain on the sale of land decreases the cash flows from operating activities, while the depreciation expense increases it.
- the $39,000 received will increase cash flow from investing activities
(e) A 3-month U.S. Treasury bill was purchased for $100,000. The company uses a cash and cash equivalent basis for its cash flow statement.
- not included in teh cash flow statements
(f) Patent amortization for the year was $20,000
- increases cash flow from operating activities (in a similar way than depreciation)
(g) The company exchanged common stock for a 70% interest in Tabasco Co. for $900,000.
- this is a non-cash financing and investing activity
(h) During the year, treasury stock costing $47,000 was purchased
- decreases cash flow from financing activities
The return on assets for Cruz Company with a total revenue of $80,175 and total expenses of $50,000, given average assets of $425,000 is 7.1%.
Return on Assets = Net Income/Average Assets x 100
= $30,175/$425,000 x 100
= 7.1%
- The return on assets indicates the profitability of Cruz Company relative to its assets. It is expressed as a percentage by dividing the Net Income with the Average Assets, then multiplied by 100.
Data and Calculations:
Revenue = $80,175
Expenses = $50,000
Net income = $30,175
Assets:
Beginning balance = $400,000
Ending balance = $450,000
Average assets = $425,000 ($400,000 + $450,000)/2
Thus, the return on assets equals 7.1% for the year.
Learn more about the return on assets at brainly.com/question/20114227
Answer: value added product
Explanation:
Core services are basic things that customers want from products they purchase. Value-added services differentiate the organization from competitors . The value added products are defined as follows: A change in the physical state or form of the product (such as milling wheat into flour or making strawberries into jam). The production of a product in a manner that enhances its value, as demonstrated through a business plan (such as organically produced products).The value added products build relationships that bind customers to the firm in a positive way.
Answer:
lower is the correct answer.
Explanation:
Answer:
a. scientific management
Explanation:
Scientific management -
Scientific management is also refers to as Taylorism .
According to this management practice , the work is analysed and synthesized in an appropriate manner and fashion , is referred to as scientific management.
The scientific experiments are conducted with proper procedure and management.
Hence , from the given information of the question,
The correct term is a. scientific management .
