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4 years ago

The following information is available for Waterway Industries for the year ended December 31, 2022.

Business

1 answer:

andrezito [222]4 years ago

5 0

Answer:

Ending cash balance $438,035

Explanation:

Waterway Industries

Statement of cash flows

For the year ended December 31, 2022

Net income $326,715

Cash flow from operating activities:

Depreciation expense 186,300

Accounts payable decrease (4,255)

Accounts receivable increase (9,430)

Inventory increase (12,650)

Income taxes payable increase 5,405

165,370

Net cash provided by operating activities = 492,085

Cash flow from investing activities :

Cash received for sale of land 40,250

Cash used to purchase building (332,350)

Net cash used by investing activities (292,100)

Cash flow from financing activities:

Cash dividends paid (13,800)

Cash used to purchase treasury stock (29,900 )

Cash received from issuing bonds 230,000

Net cash provided from financing activities 186,300

Net changes in cash 386,285

Beginning cash balance 51,750

Ending cash balance $438,035

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Horizontal Analysis Total assets were $1,000,000 in 2019, $900,000 in 2018, and $950,000 in 2017. What was the percentage change

Sergeeva-Olga [200]

Answer:

(a) Decreases by 5.3%.

(b) Increases by 11%.

Explanation:

Given that,

Total assets in 2019 = $1,000,000

Total assets in 2018 = $900,000

Total assets in 2017 = $950,000

Percentage change from 2017 to 2018:

= [(Total assets in 2018 - Total assets in 2017) ÷ Total assets in 2017] × 100

= [($900,000 - $950,000) ÷ $950,000] × 100

= (-$50,000 ÷ $950,000) × 100

= -0.053

= -5.3%

Therefore, the total assets from 2017 to 2018 decreases by 5.3 percent.

Percentage change from 2018 to 2019:

= [(Total assets in 2019 - Total assets in 2018) ÷ Total assets in 2018] × 100

= [($1,000,000 - $900,000) ÷ $900,000] × 100

= ($100,000 ÷ $900,000) × 100

= 0.11

= 11%

Therefore, the total assets from 2018 to 2019 increases by 11 percent.

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3 years ago

Fred is giving a speech about legal decisions that were important in the U.S. civil rights movement. First, he plans to talk abo

Maru [420]

Answer: (C) Problem-solution

Explanation:

According to the question, the Fred is using the problem solution pattern of an organization. Fred is delivering a speech on the legal decision in the united state (US) civil right movement.

The civil right movement is one of the struggle movement in the united state. It main goal is to enforce many legal and constitutional rights for the African Americans.

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3 years ago

A principal objection to the straight-line method of depreciation is that it...(a)provides for the declining productivity of an

enot [183]

Answer: Option B

Explanation: Under the straight line method of depreciation, the value of the asset is divided equally to its useful life. It is computed as follows :-

$=\:\frac{Cost\:-salavge\:value}{useful\:life}$

NOW,

A. Straight line method as per the above equation provides for equal productivity.

B. Dividing the usefulness equally results in ignorance of change in the rate of asset use as the asset may be used less initially but more in later years.

C. As the expense from the method remains same and the actual value of the asset diminishes it results in higher rate of return.

D. Decreasing charge method charge depreciation on written down value whereas straight line charges t initial cost thus it gives higher write offs than decreasing charge.

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3 years ago

the sale of a good by a foreign supplier in another country at a price below that charged by the supplier in its home market. b.

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Answer:

a. The sale of a good by a foreign supplier in another country at a price below that charged by the supplier in its home market.

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In some cases we find dumpers in the an economic environment. There main objective is drive out competitors since they cannot sell below normal selling price.

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3 years ago

Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang

Colt1911 [192]

Answer:

Total= $292,520

Explanation:

Giving the following information:

Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.

Cash budget for June:

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Sales from May= (400*750)*0.7= 210,000

Salary= (4,000)

Commision= [(400*1.03)*750]*0.02= (6,180)

Total= $292,520

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