China will be driving almost half of this growing market (48%) in 2025, but more,

The following information is taken from French Corporation's financial statements:

defon

Answer and Explanation:

The preparation of the cash flows statement is presented below:

Cash flow from operating activities

Net income $78,300

Adjustments in net income

Add: Amortization of patents $5,000

Add: Depreciation expense $19,000

Less: Increase in prepaid expense ($700)

($7,500 - $6,800)

Less: Increase in accounts receivable ($20,600)

($102,000 - $80,000) - ($4,500 - $3,100)

Decrease in Inventory $15,000

($160,000 - $175,000)

Increase in accounts payable $6,000

($90,000 - $84,000)

Decrease in accrued liabilities ($9,000) $14,700

($54,000 - $63,000)

Cash flow from operating activities $93,000

Cash flow from Investing activities

Sales of patents 10,000

($20,000 - $35,000) - $5,000)

Land purchased ($40,000 )

($100,000 - $60,000)

Building purchased ($50,000)

($294,000 - $244,000)

Cash flow from Investing activities ($80,000)

Cash flow from Financing activities

Bonds purchased $65,000

($125,000 - $60,000)

Common stock

Additional paid in capital

Dividend paid ($35,000)

Treasury stock ($7,000)

($15,000 - $8,000)

Net Cash flow from Financing activities $23,000

Net Cash flow $36,000

($93,000 - $80,000 + $23,000)

Add Beginning cash and cash equivalent $27,000

Ending cash and cash equivalent $63,000

($36,000 + $27,000)

Therefore, we represent the negative value is cash outflow while the positive value is cash inflow.

5 0

3 years ago

You have the following information for Crane Company for the month ended October 31, 2022. Crane uses a periodic method for inve

Mazyrski [523]

Answer:

Crane Company

1. Weighted average cost per unit = $25.032

2. (1) LIFO (2) FIFO (3) Average-cost

Ending inventory $1,580 $1,940 $1,752

Cost of goods sold 6,180 5,820 6,008

Sales revenue $9,150 $9,150 $9,150

Gross profit 2,970 3,330 3,142

Gross profit rate 32.5% 36.4% 34.3%

Explanation:

a) Data and Calculations:

Date Description Units Unit Cost or Selling Price Total

Oct. 1 Beginning inventory 50 $22 $1,100

Oct. 9 Purchase 110 24 2,640

Oct. 11 Sale (90) $35 $3,150

Oct. 17 Purchase 90 26 2,340

Oct. 22 Sale (50) 40 2,000

Oct. 25 Purchase 60 28 1,680

Oct. 29 Sale (100) 40 4,000

Total 310 (240) = 70 $7,760 $9,150

Weighted average cost per unit = $25.032

LIFO:

Ending inventory

= (50 * $22) + (20 * $24)

= $1,100 + $480

= $1,580

Cost of goods sold = $7,760 - $1,580 = $6,180

FIFO:l

Ending inventory:

= (60 * $28) + (10 * $26)

= $1,680 + $260 = $1,940

Cost of goods sold = $7,760 - $1,940 = $5,820

Weighted-average costs:

Ending inventory = 70 * $25.032 = $1,752

Cost of goods sold = $7,760 = $1,752 = $6,008

6 0

3 years ago

Which company sold for the highest cash equivalent value?

Anika [276]

Answer:

Company B (transaction d)

Explanation:

present value of transaction a (company D) = $1,100,000 / 1.08 = $1,018,519

present value of transaction b (company C) = $45,000 x 21.21211 (PV annuity factor, 2.4%, 30 periods) = $954,545

present value of transaction c (company A) = $1,000,000

present value of transaction d (company B) = $100,000 x 10.52141 (PV annuity factor, 4.8%, 150 periods) = $1,052,141

6 0

3 years ago

What is an example of monopsony?

zalisa [80]

One buyer, many sellers and no close substitutes
usually this won't have an exact example to match all the requirement
so, try get those small company as the example of your answer

8 0

3 years ago

Next year, Baldwin plans to include an additional performance bonus of 0.5% in its compensation plan. This incentive will be pro

Dennis_Churaev [7]

Answer:

$29.70

Explanation:

The computation of the per hour pay is shown below:

= Wages × (1 + total raise)

where,

Wages is $28.15

And, the total raise would be

= 1 + (0.5% + 5%)

= 1 + 5.5%

= 1 + 0.055

= 1.055

Now put these values to the above formula

So, the value would equal to

= $28.15 × 1.055

= $29.70

We simply multiplied the wages by the total raise percentage

6 0

3 years ago