Answer:
C) $77,090
Explanation:
June 69000 (40% in July, 50% in AUgust)
July 80000 (40% in August, 50% in Sepetember)
August 77500 (40% in September, 50% in October)
September 77900 (40% in October)
October 71800 (10% in October)
Total budgeted cash payments in October = 71,800 x 10% + 77,900 x 40% + 77,500 x 50% = 77,090
Answer:
B) 574,000
Explanation:
Equipment book of Paar value on december 31/14 of $294,000.-
Add Kimmels equipment book value on december 31/14 of $190,00
Add original acquisition-date allocation to Kimmel´s equipment of ($400,000 - $272,000) = $128,000
Less Amortization of alloction ($128,000 / 10 years for 3 years) = (38,400)
Eqcuals consolidated equipment of $574,000
Answer:
$8 million
Explanation:
There are total 4 sources involved.
But the government grants are reduced from the cost of the the project. It is not recorded as other financing sources.
Also the earnings from bond proceeds shall not be considered for the other financing sources, as that is mere use of income.
Use of general fund in these capital projects will account for such other financing sources.
Cash received from issue of bonds for this project will also account for such capital fund.
Thus, total other financing sources = $1 million + $7 million = $8 million