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Slav-nsk [51]
3 years ago
13

The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,395,000, $139,000 in the common stock account,

and $2,640,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,570,000, $149,000 in the common stock account and $2,940,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $93,500 and the company paid out $144,000 in cash dividends during 2019. The firm’s net capital spending for 2019 was $950,000, and the firm reduced its net working capital investment by $124,000.
What was the firm's 2019 operating cash flow, or OCF?
Business
1 answer:
TiliK225 [7]3 years ago
6 0

= Cash flow from assets - change in net working capital + net capital spending

= - $ 247,500 - $ 124,000 + $ 950,000

= $ 578,500

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Park Co.'s wholly-owned subsidiary, Schnell Corp., maintains its accounting records in German marks. Because all of Schnell's br
Novay_Z [31]

Answer: $7600

Explanation:

The amount that Park should report as a foreign exchange gain in its income statement for the year ended December 31, 20X1 will be $7600.

We should note that when we want to determine the net income for a particular period, the translatation adjustments will not be included. Therefore the $8100 gain won't be included in the calculation. Hence, Park should report only $7600 gain.

8 0
3 years ago
Marcie and her husband, Franklin, each own 50 shares of Chestnut, Inc. Sally, Marcie's old high school friend, owns the remainin
djverab [1.8K]

Answer:

$38,000 Dividend

Explanation:

Based on the information given the tax treatment of the redemption to Marcie will be $38,000 dividend reason been that her husband shares was been attributed to her, and Since she owns 60 shares her remaining 10 shares including that of her husband 50 shares of Chestnut's will be 110 shares calculated as 150 shares - 40 shares outstanding.

Therefore when we look at this 60 shares/110 shares is greater than 50% which means that Marcie fails the 50% test which makes the redemption to be treated as a dividend.

Hence, the tax treatment of the basis of the shares redeemed will be $38,000 Dividend.

5 0
3 years ago
What are the two significant issues regarding the ceo pay debate? (check all that apply.)
Mrac [35]

The two significant issues regarding the ceo pay debate are -

a) the relationship between firm performance and CEO pay

b) the size of the CEO compensation in relation to average employee pay

Chief Executive Officers (CEOs) often receive large sums of money in the form of salaries and bonuses from commercial companies. This is sometimes defended by a peer-to-peer argument; roughly "our" CEO will be paid  what other CEOs of comparable companies receive.

On the face of it, this seems like a bad excuse for morally outrageous compensation schemes, and thus this argument has been overlooked in the philosophical literature in the past. In contrast, however, this article provides a defense of the peer-to-peer argument. In addition, it is shown how rigorous examination of this argument sheds  light on incentive-based and desert-based theories of fair wages.

To learn more about CEO pay from given link

brainly.com/question/16557894

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5 0
2 years ago
The reason why people are charged for an additional can of soda they get from a soda machine, but are not charged for an additio
pshichka [43]

Answer:

The correct answer is Soda diminishes slowly, but the marginal utility of an additional paper is close to zero.

Explanation:

Marginal utility is the benefit we get from the consumption of an additional unit of a good or service.

Marginal utility (UM) refers to the concept of “additional” or “extra”. Thus, it is the utility that is added or added when we consume a unit more than one good or service.

vMarginal utility depends on consumer preferences, which are not always known. However, regardless of its form or level, economists often agree that it is generally true that, as the consumption of a product increases, the profit we obtain is falling. This phenomenon was reflected in the so-called "law of diminishing marginal utility".

8 0
3 years ago
Miller Inc. has an overall beta of 0.79 and a cost of equity of 11.2 percent for the firm overall. The firm is 100 percent finan
labwork [276]

Answer:

Ra=21.5%

Explanation:

Ra=Rf+(Rm-Rf)*Ba

Where Ra=?

Rf=11.2%

Rm-Rf=9.5%

Ba=1.08

Ra=11.2%+(9.5%)*1.08

Ra=11.2%+10.3%

Ra=21.5%

5 0
4 years ago
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