In Agile projects, detailed risk planning occurs during iteration planning, daily-up meetings, and retrospectives. True False

Which of the following accounting strategies (for financial reporting purposes) is the least likely for a firm that is currently

jeyben [28]

Using straight-line depreciation.

Changing to FIFO

Using the weighted average method for capitalizing interest during times of reduced interest rates, rather than the specific method.

Changing to the successful efforts method of accounting for natural resource exploration costs.

Changing to the successful efforts method of accounting for natural resource exploration costs.

Explanation:

The particular technique initially underwrites the enthusiasm on explicit obligation. With financing costs on the decay, enthusiasm on lower rate obligation is promoted and more is expensed, comparative with the weighted normal technique, which underwrites at the normal rate over all obligation.

The weighted normal strategy would underwrite more enthusiasm on more established (higher loan cost) obligation, in this way diminishing the present measure of premium cost and expanding income. Expanding profit lessens the danger of rebelliousness for this firm.

4 0

3 years ago

Calculating Net Cash Flow from Operating Activities (Indirect Method) Lincoln Company owns no plant assets and reported the foll

qwelly [4]

Answer:

(a) Net Cash flow from operating activities = 115,000

(b) Net Cash flow from operating activities (NCOA) to current liabilities (CL) :

Current liabilities = 22000+9000 = 31000

NCOA to CL = 115,000/31000 = 3.71

Explanation:

Income Statement

$

Sales 750,000

Cost of Goods sold (470,000)

Gross profit 280,000

Wages expenses (110,000)

Rent expenses (42,000)

Insurance expenses (15,000)

Net Income 113,000

Cash flow Statement

Net Income 113,000

Cash flow from operating activities :

Increase in Receivables (54,000-49,000) (5,000)

Decrease in Inventories (66,000-60,000) 6,000

Increase in prepaid Insurance (8000-7000) (1000)

Increase in Accounts Payable (22000-18000) 4000

Decrease in wages payable (11000-9000) (2000)

Net increase in cash flow from Operating activities 115,000

5 0

3 years ago

Drive-Ins borrowed money by issuing $ 2 comma 500 comma 000 of 8 % bonds payable at 96.5. Interest is paid semiannually. Requir

Bogdan [553]

Answer:

I don't think he got any back

Explanation:

The money could have been a tip.

4 0

3 years ago

On March 1, 2018, E Corp. issued $1,400,000 of 8% nonconvertible bonds at 103, due on February 28, 2028. Each $1,000 bond was is

Anvisha [2.4K]

Answer: $126,000

Explanation: Shareholders equity can be defined as the total amount of investment done by the shareholders in the company. This investment can be done through various kinds of securities like common stock, preference shares.

As per this problem shareholder equity would be

= (no. of shares to be collected by warrant holders)*(price of each warrant)

and,

no. of shares to be collected = (1400 bonds) * (30 shares)

= 42,000 shares

.

therefore, equity :-

(42,000 shares) ( $3 ) = $126,000

6 0

3 years ago

Elsanora Corporation reports the year-end information from 2018 as follows: Sales (100,000 units) $500,000 Less: Cost of goods s

Charra [1.4K]

Answer:

Results are below.

Explanation:

Giving the following formula:

Unitary selling price= 500,000/100,000= $5

Operating expenses= $1

Depreciation= $20,000

New selling price= 5*1.1= $5.5

Sales in units= 100,000*0.95= 95,000

COGS rate= 0.62

To calculate the net income, we need to use the following structure:

Sales= 5.5*95,000= 522,500

COGS= 522,500*0.62= (323,950)

Gross profit= 198,550

Operating expenses= (95,000 + 20,000)= (115,000)

Net income= 83,550

6 0

3 years ago