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Anna [14]
2 years ago
8

he following information was taken from the 2018 financial statements of Jenny Gardner Corporation: Inventory, January 1, 2018 $

180,000 Inventory, December 31, 2018 240,000 Accounts payable, January 1, 2018 150,000 Accounts payable, December 31, 2018 240,000 Sales revenue 1,200,000 Cost of goods sold 800,000 If the direct method is used in the 2018 statement of cash flows, what amount should Jenny Gardner report as cash payments to suppliers
Business
1 answer:
Volgvan2 years ago
4 0

Answer:

$770,000

Explanation:

Purchase = Ending inventory +Cost of goods sold- Beginning inventory Purchased

= $240,000+$800,000-$180,000= $860,000

Cash paid to suppliers = Beginning AP+ Purchased -Ending AP Cash Payments

= $150,000+$860,000-$240,000 =

$770,000

Therefore the amount that Jenny Gardner should report as cash payments to suppliers is $770,000

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Davison Toaster Corp. sells its products for $250 per unit. It has the following costs:
dolphi86 [110]

Answer:

Break-even point in units= 1,860

Explanation:

Giving the following information:

Selling price= $250 per uni

Fixed costs= 109,900 + 290,000= $399,900

Unitary variable cost= 29 + 6= $35

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 399,900 / (250 - 35)

Break-even point in units= 1,860

7 0
3 years ago
Mariano Manufacturing can issue a 25-year, 8.8% annual payment bond at par. Its investment bankers also stated that the company
aivan3 [116]

Answer: 10.13%

Explanation:

The after-tax return on the preferred shares would be:

= After-tax return + Premium required

= (8.8% * (1 - 25%)) + 1%

= 7.6%

For the preferred stock to be issued at par with the above after tax return:

= After tax return / ( 1 - tax)

= 7.6% ( 1 - 25%)

= 10.13%

4 0
2 years ago
Which of the following are advantages of PERT and CPM? (I) It is visual. (II) It is automatically updated. (III) Activities that
Alecsey [184]

Answer:

A. III only

Explanation:

One of the very useful tools in project management analysis is the PERT and CPM.

PERT (Program evaluation and review technique) provides valuable information regarding which activities need to be closely watched.

While CPM (Critical Path Method) helps in determining the time required to complete each task, and the minimum time required to complete a project.

Both CPM and PERT serve similar purposes by helping to determine projects or activities that need to be watched closely.

7 0
2 years ago
With one (1) example each, state and explain five (5) outputs derived from a business policy
vekshin1

Answer:

Business Policy refers to how a company guides it's actions towards achieving it's goals. In other words these are guidelines and actions that the company sets out as required for it's employees that the company may achieve long term goals.

Outputs of Business Policy includes,

a. Easier Decision Making

When a business properly sets out it's policy on certain actions then employees make decisions easier in relation to actions that would otherwise have been unclear as to how they could be resolved.

For example, stating that the company does not take gifts from clients will help a Fund Manager for example, avoid receiving tickets to a game from a client as gratitude for a job well done.

b. Outline Job Expectations

Business Policies let employees know exactly what is expected of them so that they may act accordingly. Surprisingly more often than not, employees can act in a certain way that could hurt the firm simply because they did not know better. Well established business policies can solve this problem.

For example, by stating the decision authority of jobs in a Department, employees can know not to overstep.

c. Employee Efficiency

Establishing business policies can help improve the work rate of employees by giving them.incentives, quotas, requirements or by removing distractions. The Employees will therefore focus more on their work and work better to improve the company.

For example, mandating that Social Networks not be used on company time will help some employees focus better.

d. Consistency

Well established business policies ensure that there is consistency in the operations of the business. Policies will tell the Employees how things are done and even when new employees come, the policies can guide them in their work so that they can pump out a consistent level of work to company expectations.

For example, Stating Audit Policy in an Audit Firm so that all employees may audit companies in a certain consistent way for easier comparison.

e. Improves Working Environment

Good and well implemented Business policies reduces friction amongst Employees amongst themselves and with management. Because everyone will have their roles, they will act accordingly and avoid stepping on the shoes of others.

For example, a certain team will be in charge of one facet of production and another team will be in charge of another. This way the teams don't clash on decisions to be made in the facet of production that they are in charge of.

8 0
3 years ago
Peter heads the communications department of Xenon Inc. He shows concern for the personal needs of his followers and helps them
Vitek1552 [10]

Answer:

a supportive leader

Explanation:

A supportive leader is a leader who is able to identify changes and assistance that are needed to promote the well-being of his team members and timely resolve all unnecessary issues with the aim of delivering a high standard of performance.

A supportive leader is usually kind, friendly, and concerned about the personal needs and welfare of his followers. He also leaves his door open to be approached by many people for advice and help, and also inspires them perform tasks assigned to them with enthusiasm.

Therefore, Peter's behavior implies that he is most likely <u>a supportive leader</u>.

5 0
2 years ago
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