Intensity pertains to the amount of effort being invested in an activity. Group startsTrue or False

Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Co. for a recent year are

ss7ja [257]

Answer and Explanation:

The preparation of the cash flow statement is presented below:

Cash flow from operating activities

Net income $49,311

Less: Gain on disposal of property -$1,188

Add: Depreciation expense $11,580

Add: Other items involving non-cash expenses $1,383

Less: Increase in accounts receivable -$1,746

Add: Decrease in inventory $990

Less: Increase in prepaid expenses -$605

Less: Decrease in accounts payable -$710

Less: Decrease in accrued and other current liabilities -995

Cash flow provided by operating activities $58,020

b.

Amortization of intangible assets : Added

Decrease in accounts payable : Decrease

Decrease in accounts receivable : Added

Decrease in accrued and other current liabilities : Decrease

Decrease in inventory : Added

Decrease in prepaid expenses : Added

Depreciation : Added

Gain on disposal of property : Decrease

Increase in accounts payable : Added

Increase in accrued and other current liabilities : Added

Increase in accounts receivable : Decrease

Increase in inventory : Decrease

Increase in prepaid expenses : Decrease

Losses on disposal of property: Added

Other items involving noncash expenses : added

4 0

3 years ago

Which tax is specifically charged on real estate?

astra-53 [7]

Answer:

Property tax assessment

Explanation:

Under construction propertiesare taxed at 12%

From my according

8 0

2 years ago

intends on adding a new product line. the contribution margin ratio for the new product is 0.2. they have a target operating inc

FrozenT [24]

Answer:

The total fixed costs must be:

$36,000.

Explanation:

a) Data and Calculations:

Contribution margin ratio for the new product = 0.2

Target operating income = $60,000

Targeted sales volume in dollars = $480,000

Fixed costs = targeted sales volume in dollars multiplied by contribution margin ratio, minus target operating income

Fixed costs = ($480,000 * 0.2) - $60,000 = $36,000

b) The focus should be on the break-even formula for dollar sales with a target profit. When the formula is reversed, the fixed costs can be calculated as shown above.

3 0

2 years ago

What is the equity beta for a firm with asset beta equal to 0.9, and D/E ratio of 0.4, and tax rate equal to 35%?

NNADVOKAT [17]

Answer:

the equity beta of the firm is 1.134

Explanation:

The computation of the equity beta is shown below:

Equity beta is

= Asset beta × [1 + (1 - tax rate) × Debt-equity ratio]

= 0.9 × [1 + (1 - 0.35) × 0.4]

= 0 9 × 1.26

= 1.134

Hence, the equity beta of the firm is 1.134

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0

3 years ago

The following data have been provided by Liggett Corporation: Budgeted production 7,400 units Standard machine-hours per unit 6.

abruzzese [7]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Budgeted production 7,400 units Standard machine-hours per unit 6.6 machine-hours Standard lubricants rate $ 3.50 per machine-hour

Actual production 7,600 units Actual machine-hours (total) 49,840 machine-hours Actual lubricants cost (total) $ 179,821

Manufacturing overhead spending variance= (standard rate - actual rate)* actual quantity

Manufacturing overhead spending variance= (3.5 - 3.607965)*49,840= 5,381 unfavorable

5 0

2 years ago