Answer:
Tiger Trade
Cash Flow Statement
Cash flows from operating activities:
- Cash received from sale of products to customers $35,000
- Cash received for sale of services to customers $25,000
- Cash paid to merchandise suppliers ($11,000)
- Cash paid to workers ($23,000)
- Cash paid for advertisement ($3,000)
<u>Total cash flow from operating activities $23,000</u>
Cash flows from investing activities:
- Cash received from the bank for long-term loan $40,000
- Cash paid to purchase factory equipment ($45,000)
- Cash received from the sale of an unused warehouse $12,000
<u>Total cash flow from investing activities $7,000</u>
Cash flows from financing activities:
- Cash paid for dividends to stockholders ($5,000)
<u>Total cash flow from financing activities ($5,000)</u>
Net cash increase $25,000
Cash balance at the beginning of the period $4,000
<u>Cash balance at the end of the period $29,000</u>
"The roads In my state need to be repaired"
This is the order in which tertiary level degrees are given
Answer:
(a) 8 times
(b) 45.6 days
Explanation:
Given that,
Cost of goods sold = $500,000
Average inventory = $62,500
Assume 365 days a year.
(a) Inventory turnover ratio:
= Cost of goods sold ÷ Average inventory
= $500,000 ÷ $62,500
= 8 times
(b) Number of days' sales in inventory days:
= 365 days ÷ Inventory turnover ratio
= 365 days ÷ 8
= 45.6 days
Answer: $65,000 favorable
Explanation:
From the question, we are informed that January 2017, Khors Company issued nonqualified stock options to its CEO, Jenny Svaro and that because the company did not expect Ms. Svaro to leave the company, the options vest at the time they are granted with a total value of $52,500.
We are further told that in December of 2018, the company experienced a surge in its stock price, and Ms. Svaro exercised the options and that the total bargain element at the time of exercise was $65,000.
For 2018, the book-tax difference due to the options exercised will be a favorable of $65000. It should be noted that the company will deduct $52500 as the stock option value in 2017 for financial purpose.