Answer:
Gutierrez Company
Cash Flow statement
for the year 2017
$
Net Income 225,000
+ Depreciation 45,000
+ Decrease in receivable 15,000
+ Increase in payable 17,000
+ Decrease in prepaid expenses <u> 4,000 </u>
Net cash flow from operating activities <u>306,000</u>
Explanation:
Depreciation is an non cash expense so it will be added to the net profit for the calculation of cash flow from operating activities. Decrease in receivable, Increase in payable and decrease in prepaid expenses result in the inflow of cash. So, they are all added in the operating income value.
I believe the answer is: First-line manager
First-line managers refers to the manager that directly supervise the production process on site. First-line manager typically does not involved during the creation of long-term planning, but they would had the first-hand information regarding employees performance and the type of problems that exist with the clients.
Answer:
1.22%
Explanation:
The modified duration of the bond gives an indication of change in price due to a 1% change in the yield to maturity,hence, the bond modified duration is computed using the formula below:
modified duration=Macaulay Duration/(1+YTM)
Macaulay Duration=4.2
YTM(initial)=3%
modified duration=4.2/(1+3%)= 4.08
That for 1% change in yield to maturity price would change 4.08%
0.3% change in yield(3.3%-3%)= 4.08%*0.3%=1.22%
Answer:
Direct labor time (efficiency) variance= $4,375 unfavorable
Explanation:
Giving the following information:
Standard
Direct labor...........................................1.4 hours at $12.50 per hour
Direct labor-hours worked: 5,600 hours for $67,200.
units produced= 3,750
To calculate the direct labor efficiency variance, we need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
standard quantity= 1.4*3,750= 5,250
Direct labor time (efficiency) variance= (5,250 - 5,600)*12.5
Direct labor time (efficiency) variance= $4,375 unfavorable
Answer:
$1,554.4
Explanation:
Given:
The amount of money held by individuals and companies = $987.1 billion
Checkable deposits owed by individuals and companies = $567.3 billion
Money market funds = $1.045 trillion
Savings deposits = $562.3 billion
Time deposits = $324.2 billion
Now,
The M1 amount is calculates as:
= The amount of money held by individuals + Checkable deposits owed by individuals and companies
= $987.1 billion + $567.3 billion
= $1,554.4
