Answer:
Annual equivalent expense= -14514.51
Explanation:
Please see attachment
Answer:
the method to get the correct answer is so simple, here it it!
First you have to look at how much of an inventory is there. this means that since you have them, you don't have to produce that amount. so you deduct that amount from this month's production requirement.
$890,250 - $101,200 = 789,050
then you must look at how many of an inventory we have to keep at the end of this month! this means our inventory level can't reach 0 and we must have this as the balance at the end of the period. so we have to add this amount to the production requirement as an excess amount!
$789,050 + $105,300 = $894,350
$894,350 is the answer!
Explanation:
Answer:
E) $12,000
Explanation:
the bonds were issued at a discount for $93,000
the face value $100,0000
coupon rate 12%
even though the bonds were sold at a discount because the coupon rate was lower than the market rate, the amount of cash paid as interest is based on the face value = $100,0000 x 12% = $12,000
the journal entry to record the sale of the bonds would be:
Dr Cash 93,000
Dr Discount on bonds payable 7,000
Cr Bonds payable 100,000
whatever method the company uses to record interest, the amount of cash paid will always be the same
If I were a policy maker in Country LT, I would create a regulatory policy that allowed the grain producer to make as much in profit as possible, but still protect consumer needs. The company would be required to create various smaller companies, each selling different types and quality of grain for varying prices. This would preserve the ideals of free enterprise, encourage competition within the market, and help to keep food costs down for consumers.
Answer:
The Operating Activities Section of the Statement of Cash Flows, using the indirect method:
Net Income $210
Changes in working capital:
Accounts Receivable -100
Inventory 110
Salaries & Wages Payable 80
Net cash flow from operating $300
Explanation:
In preparing the operating activities section of the Statement of Cash Flows, two methods are used. The direct method and the indirect method.
The indirect method starts with the net income as the base and converts the income into cash flow through the use of adjustments. The net income is first adjusted with non-cash items (such as depreciation expense) as well as non-operating gains and losses. The direct method only takes the operating cash transactions into account to produce the cash flow from operations. However, it is required that the direct method must provide a reconciliation of net income to the net cash provided by operations.
