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4 years ago

The following transactions were made by Ruby Inc. last year:

Business

1 answer:

Juliette [100K]4 years ago

8 0

Answer:

OPtion (C) is correct.

Explanation:

Given that,

Issuance of common stock = $100,000

Dividends paid to the company's stockholders = $2,000

Depreciation expense = $6,000

Repayment of principal on bonds = $40,000

Proceeds from the sale of the company's used equipment = $39,000

Purchase of land = $230,000

Cash flow from financing activities:

= Issuance of common stock - Dividends paid to the common stockholders - Repayment of principal on the company's own bonds

= $100,000 - $2,000 - $40,000

= $58,000

Therefore, the net cash inflow from financing activities is $58,000.

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In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year

VARVARA [1.3K]

Long term unemployment is defined as being unemployed for 27 weeks or more. In this example there are a total of 60 people, 52 people who would be categorized as short term unemployment and 8 people who would be categorized as long term unemployment.

In order to calculate the percentage of unemployment in each category you will need to divide the number in each category by the total number.

Short term = 52/60 = 86.7%

Long term - 6/60 = 13.3%

4 0

4 years ago

Read 2 more answers

An investor borrows an amount at an annual effective interest rate of 5% and will repay all interest and principal in a lump sum

Artist 52 [7]

Answer:

$74.14

Explanation:

first we must calculate the market price of the bond:

0.03 = {40 + [(1,000 - MV)/20]} / [(1,000 + MV)/2]

0.03 x [(1,000 + MV)/2] = 40 + [(1,000 - MV)/20]

0.03 x (500 + 0.5MV) = 40 + 50 - 0.05MV

15 + 0.015MV = 90 - 0.05MV

0.065MV = 75

MV = 75 / 0.065 = $1,153.85

so the customer borrowed $1,153.85

in 10 years, the principal + interest will = $1,153.85 x (1 + 5%)¹⁰ = $1,879.50

the customer will receive:

20 semiannual payments of $40, the future value = $40 x 22.841 (FV annuity factor, 2%, 19 periods) + $40 = $953.64

bond's face value = $1,000

total money received = $1,000 + $953.64 = $1,953.64

net gains = $1,953.64 - $1,879.50 = $74.14

3 0

4 years ago

Amanda Green sold her property to Sally Fay. Amanda will retain title to the property until Sally has paid in full. What kind of

Lorico [155]

Answer: A land contract.

Explanation:

A land contract is a method of property sales where, the seller of the property, finances the sales of his property to the buyer, but keeps possession of the property until the buyer has completed payments on the property's purchase.

Land contract involves the buyer paying by installments for the property until full payment is made.

4 0

3 years ago

Katie wants to be successful in her selling career, so she strives to improve her _____ knowledge by working on her sales abilit

k0ka [10]

Answer:

B. selling-related

Explanation:

Here are the options to this question :

A. customer-related

B. selling-related

C. industry

D. technical

E. market-related

Katie wants to be successful in her selling career, so it is necessary for her to gain knowledge in the field she wants to be successful in. So, she should be improving her selling related knowledge

8 0

3 years ago

The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020. All materi

larisa [96]

Answer:

Welding Department

Production cost report for the month of February

Inputs :

Beginning Work In Process :

Materials $18,100

Conversion costs $14,460

Added During the year :

Materials $218,685

Labor $67,100

Overhead $58,531

Total $376,876

Outputs :

Completed and Transferred Out $328,000

Units still in Process $48,076

Total $376,876

Explanation:

Calculation of Equivalent Units of Production with Respect to Materials and Conversion Costs.

1. Materials

Ending Work In Process (11,900 × 100%) 11,900

Units Completed and Transferred Out (54,800 × 100%) 54,800

Equivalent Units of Production with Respect to Materials 66,700

2. Conversion Costs

Ending Work In Process (11,900 × 1/5) 2,380

Units Completed and Transferred Out (54,800 × 100%) 54,800

Equivalent Units of Production with Respect to Materials 57,180

Calculation of Cost per Equivalent Unit of Production with Respect to Materials and Conversion Costs.

Cost per Equivalent Unit = Total Cost ÷ Total Equivalent Units

1. Materials

Cost per Equivalent Unit = ($18,100 + $218,685) ÷ 66,700

= $3.55

2. Conversion Cost

Cost per Equivalent Unit = ($14,460 + $67,100 + $58,531) ÷ 57,180

= $2.45

3. Total Cost

Total Cost = Materials + Conversion Cost

= $3.55 + $2.45

= $6.00

Calculation of Total Cost of Units Completed and Transferred Out and Total Cost of Units still in Process.

Completed and Transferred Out = Units Completed and Transferred Out × Total Cost

= 54,800 × $6.00

= $328,000

Units still in Process = Material Cost + Conversion Cost

= $3.55 × 11,900 + $2.45 × 2,380

= $48,076

7 0

3 years ago