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3 years ago

Demers Inc. reported the following data:

Business

1 answer:

elena-s [515]3 years ago

7 0

Answer:

Cash Flows from Operating Activities is 555.050

Explanation:

The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Notice the amounts of any decreases are in parentheses.

Net income 490.000

Adjustment to reconcile the net income to cash

+ Depreciation expense 52.000

- Gain on disposal of equipment (7.000)

+ Decrease in accounts receivable 32.400

- Decrease in accounts payable (12.350)

Net cash 555.050

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The main reason for the high cost of american political campaigns is the cost of

Zarrin [17]

The high costs are because of paying for media adds

5 0

3 years ago

Alpine Energy Corporation has 1,500,000 shares of $40 par common stock outstanding. On August 2, Alpine Energy declared a 4% sto

Flauer [41]

Answer:

The Journal entries are as follows:

(a) On August 2,

Stock Dividends A/c (1,500,000 × $70 × 4%) Dr. 4,200,000

To Stock dividend distributable (1,500,000 × $40 × 4%) 2,400,000

To Paid in Capital in excess of par- Common stock 1,800,000

(To record the stock dividend)

(b) On September 15,

No entry required

Stock Dividend distributable A/c Dr. $2,400,000

To Common stock $2,400,000

(To record the stock dividend issued to stockholders)

6 0

3 years ago

At May 31, 2019, the accounts of Kuhlmann Manufacturing Company show the following:

defon

Answer:

A. $164,200

B. $56,700

Explanation:

KUHLMANN MANUFACTURING COMPANY Cost of Goods Manufactured For the months ended 31st May 2019

May 1

Work in process,$ 14,700

Direct materials used $77,400

Direct labor 50,000

Manufacturing overhead applied 45,000

May 31 Less: Work in process 22,900

Cost of goods manufactured $164,200

Therefore the cost of goods manufactured is $164,200

KUHLMANN MANUFACTURING COMPANY

Cost of Goods Manufactured Schedule For the months ended 31st May 2019

Sales 225,000

May1 finished goods 12,600

Cost of goods manufactured 164,200

Cost of goods available for sales 176,800

May 31 finished goods 8,600

Less: Cost of goods sold 168,300

Gross profit 56,700

Therefore the gross profit is $56,700

6 0

4 years ago

A bond that pays interest annually yields a rate of return of 7.50 percent. The inflation rate for the same period is 2 percent.

Jlenok [28]

Answer:

5.39%

Explanation:

Given that,

Bond that pays interest annually yields a rate of return = 7.50 percent

Inflation rate for the same period = 2 percent

Real rate = [(1 + nominal rate) ÷ (1 + inflation rate)] - 1

Real rate = [(1 + 0.0750) ÷ (1 + 0.02)] - 1

= (1.075 ÷ 1.02) - 1

= 1.0539 - 1

= 0.0539 or 5.39%

Therefore, the real rate of return on this bond is 5.39%.

7 0

4 years ago

Three products result from a joint production process. There are 50 units of product B158, 100 units of product B159, and 50 uni

aleksandrvk [35]

Answer:

the correct option is a. 50%

Explanation:

The computation of the percentage of the joint cost that would be allocated to product B159 is shown below:

= Units in product B159 ÷ Total units

= 100 units ÷ (50 units + 100 units + 50 units)

= 100 units ÷ 200 units

= 50%

Hence, the percentage allocated to product B159 is 50%

Therefore the correct option is a. 50%

7 0

3 years ago