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maksim [4K]
2 years ago
11

Use the following information of VPI Co. to prepare a statement of cash flows for the year ended December 31 using the indirect

method. (Amounts to be deducted should be indicated by a minus sign.)
Gain on sale of machinery $42,400
Cash received from sale of machinery 7,400
Increase in accounts payable 6,400
Net income 10,400
Decrease in accounts receivable $ 2,600
Cash balance at prior year-end Increase in inventory 3,400
Depreciation expense 10,700
Cash received from issuing stock 2,700
Cash paid for dividends 5,400
VPI CO.
Statement of Cash Flows (Indirect Method)
For Current Year Ended December 31
Cash flows from operating activities
Adjustments to reconcile net income to net cash provided by operating activities
Income statement items not affecting cash
Changes in current operating assets and liabilities
Cash flows from investing activities
Cash flows from financing activities
Business
1 answer:
Ann [662]2 years ago
8 0

god help you with this homework

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Suppose 2 athletes sign 10-year contracts for $80 million. In one case, we're told that the $80 million will be paid in 10 equal
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Answer:

player 2 is signing a better contract

Explanation:

the present value of an annuity (player 1) = annual payment x annuity factor

assuming that the interest rate is 10%

present value = $10 million x 6.1446 (PV annuity factor, 10%, 10 periods) = $61.446 million

player 2's contract

the present value of a growing annuity = [payment / (i - g)] x {1 - [(1 + g) / (1 + i)]ⁿ} = [$10 / (10% - 5%)] x {1 - [(1 + 5%) / (1 + 10%)]¹⁰} = $200 x 0.372 = $74.398 million

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3 years ago
Finding a need for a product or service on which to base a start-up business is the
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Answer:

The answer is D

Explanation:

6 0
3 years ago
The Market Outlet has a beta of 1.38 and a cost of equity of 14.945 percent. The risk-free rate of return is 4.25 percent. What
evablogger [386]

Answer:

The discount rate assign to a new project with a Beta of 1.25 is 13.94%

Explanation:

The applicable formula is the Capital Asset Pricing Model formula of Miller and Modgliani  quoted below:

Ke = Rf + (Market risk premium x Beta)

Currently Ke=14.945%

Beta =1.38

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14.945%-4.25%=Market Risk Premium*1.38

10.70% =Market Risk Premium*1.38

10.70%/1.38=Market Risk Premium

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However, the new project cost of equity has to be determined due to having a different Beta factor of 1.25(a different risk appetite)

Using the above formula, we have

Ke=4.25%+(7.75% *1.25)

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7 0
3 years ago
PA12. <br> LO 5.4Complete this production cost report:
Lubov Fominskaja [6]

Using weighted average method

Statement of equivalent units

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                                                    Units         Units

Units transferred out                   70,000       70,000

Add: Closing work-in-progress   <u> 25,000 </u>      <u> 6,250</u>

Average divisor                            <u> 95,000 </u>    <u>76,250</u>

                        Computation of cost per unit

                                                              Material   Conversion

                                                                   $               $

Cost of beginning work-in-progress   3,500      16,000

Cost added                                           <u> 25,000 </u>   <u>45,000</u>

Total cost                                               <u> 28,500 </u>   <u>61,000</u>

Material cost per unit = <u>$28,500</u>

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                                    = $0.30 per unit

Conversion cost per unit = <u>$61,000</u>

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                                          = $0.80 per unit

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Explanation:

In this case, we will obtain the average divisor by adding the ending work-in-progress to the units transferred out. Then, we will determine the total cost of material and conversion ,which is the aggregate of cost of opening work-in -progress and cost added during the year. We also need to obtain the unit cost of material and conversion, which is total cost of material and conversion divided by the average divisor.  

Finally, we will value the units transferred out and ending work-in-progress at unit cost of material and conversion.                                                                                                                                                                              

8 0
3 years ago
Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single
larisa [96]

Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single <u>lend out or invest.</u>

<h3>What is commercial banking ?</h3>

A financial institution that accepts deposits, provides checking account services, makes different loans, and provides fundamental financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses is referred to as a "commercial bank." Most people conduct their financial business at commercial banks.

Commercial banks generate revenue through making loans, including mortgages, vehicle loans, business loans, and personal loans, and charging interest on those loans. The money needed to fund these loans is provided by customer deposits to banks.

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To learn more about commercial banking  from the given link:

brainly.com/question/27793323

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5 0
2 years ago
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