Converse Company reported net income of $200,000 in 2020. Depreciation expense was $15,000 and amortization expense on patents was $2,500 in 2020. In addition, the balance sheet reported the following balance changes during 2020.
Decrease in accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,000
Increase in debt investments classified as available-for-sale securities. . . . .4,500
Decrease in prepaid expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000
Decrease in accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Increase in accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
Decrease in short-term nontrade notes payable . . . . . . . . . . . . . . . . . . . . . . .8,000
Net Cash provided by operating activities was:______.

Answers

Answer 1

Answer:

net cash flow from operating activities $221,000

Explanation:

The computation of the Net Cash provided by operating activities are as follows;

Cash flows from operating activities

Net income $200,000

Add: depreciation expense $15,000

Add: amortization expense is $2,500

Add: decrease in account receivable $5,000

Add decrease in prepaid expense $2,000

Less decrease in account payable -$8,000

Add increase in accrued expense $4,500

net cash flow from operating activities $221,000


Related Questions

the preferred stock of BGE, inc. is sold at $37 and pays a divident of $5. And the net price of the secuirty after issurancee costs is estimated to be $32.93 what is the cost of preferred stock for BGE? g

Answers

Answer:

15.18%

Explanation:

Cost of preferred stock = Annual dividend/Net Proceeds

Cost of preferred stock = $5 / $32.93

Cost of preferred stock = 0.1518372305

Cost of preferred stock = 15.18%

So, the cost of preferred stock for BGE is 15.18%.

Capital budgeting is the process of making capital expenditure decisions. used in sell or process further decisions. of determining how much capital stock to issue. of eliminating unprofitable product lines.

Answers

Answer:

The correct answer is the first option: of making capital expenditure decisions.

Explanation:

To begin with, the term known as "Capital Budgeting", in the field of business management, refers to the method a company's manager use in order to see how profitable it is to start some new inversions or projects, therefore that the main purpose of this process is to involve the elaboration of a budget that will help the superiors of the organization to make capital expenditure decisions when they are looking for a new inversion or project to start with. It is very helpful in the situations where there is a need for evaluation of future prospects.

market:blue Jean market . event :the dye in blue jeans is proven not fade easily .Name the market​

Answers

DontBuyFromUs

Firm X develops and licenses its designs to be produced by outside manufacturers. Firm Y develops and manufactures its own designs. If the total invested capital of the two firms is the same, which likely has more equity capital and why

Answers

Answer:

Firm X

Explanation:

In simple words, since the firm X is asset heavy they will have more equity capital in their accounts. On average, companies that adopt asset-light models achieve higher profits. Both provide the identical invested capital, but X has more equity wealth so it can have higher returns on investments.

Thus, from the above we can conclude that the correct answer is firm X.

Please help with the following question.

Answers

Answer:i dont really know

Explanation:

Phishing:_______
a) A con executed using technology, typically targeted at acquiring sensitive information, or tricking someone into installing malicious software.
b) A term that, depending upon the context, may be applied to either, 1) someone who breaks into a computer system, or 2) a particularly clever solution.
c) When someone uncovers computer weaknesses, without exploiting them.
d) When a protester seeks to make a political point by leveraging technology tools, often via system integration, defacement, or damage.

Answers

Answer:

a)

Explanation:

Phishing is a type of deception in which an intruder disguises himself in email or other means of communication as a reputable individual or person. Attackers would normally use phishing e-mails to spread a range of malicious links or attachments. Some people will gather login credentials or victims' account details.

So as per above definition only option A seems the correct alternative among al the other option when discussing about Phishing.

A con executed using technology, typically targeted at acquiring sensitive information, or tricking someone into installing malicious software.

Which organization compiles data on individuals and businesses to report on their credit?
TransUnion
The Bureau of Consumer Protection
The National Credit Union Administration
Vantage Scores

Answers

Answer:

Option A

Explanation:

There are primarily three credit bureaus to which the Lenders go namely -

a) TransUnion

b) Equifax

c) Experian

These three agencies are interested in reviewing credit reports before lending any financial aid.

Hence, option A is correct

Answer:

TransUnion

Explanation:

Penny Arcades, Inc., is trying to decide between the following two alternatives to finance its new $28 million gaming center: a. Issue $28 million of 6% bonds at face amount. b. Issue 1 million shares of common stock for $28 per share. 2. Which alternative results in the highest earnings per share

Answers

Answer:

Penny Arcades, |nc.

a. Issue $28 million of 6% bonds at face amount.

Explanation:

Alternative A will surely result in higher earnings per share than Alternative B.  It has been established that some financial leverage enables the stockholders to earn more per share.  This is not a debatable issue.  The hard work lies with the corporation's ability to find the debtholders that can finance its activities and assets.  This means that the stockholders of Penny Arcades, Inc. will be at a much more financial advantage if they can find creditors to lend it the $28 million for the gaming center than making the finance available themselves.

Perform a horizontal analysis providing both the amount and percentage change. (Round Percentage answers to 1 decimal place. Decreases should be indicated by a minus sign.)

Year
2021 2020
Cash $322,960 $880,000
Accounts receivable 702,240 280,000
Inventory 897,780 780,000
Long-term assets 3,536,680 2,380,000
Total assets $5,459,660 $4,320,000

Answers

Answer:

Find attached

Explanation:

Horizontal or trend analysis involves is a financial statement analysis technique that shows the percentage change or dollar change in a corresponding financial statement's item.

For example, the change in the fixed assets by a way of increase or decrease compared to last year's financial statements.

Formula:

change in a particular line item=(current year amount/previous year)-1

A productive process approachviews operations as a separate organizational function.must provide feedback information for control of process inputs and technology.is of limited use in service organizations.disregards human and social concerns.

Answers

Answer:

The correct answer is the second option: Must provide feedback information for control of process inputs and technology.

Explanation:

To begin with, the term known as " Productive process approach" in the field of business management is refered to the method used by the companies who seeks for the constant improvement of its daily operations inside the organization. Therefore that it is necessary to say that this approach must provide feedback information of the internal processes that happen in the business regarding the inpunts and the technology used by the place so that a regular control will take place and with that every little adjustment as well in order to get better at every possible way to produce the company's product.

How do I solve this? It’s a real estate question.

Answers

A.2.2 points(the answer)(you’re welcome)

Celestial Artistry Company is developing departmental overhead rates based on direct-labor hours for its two production Department. Etching and Finishing. The Etching, Department employs 20 people and the Finishing Department employs 80 people. Each person in these two departments works 2,000hours per year. The production-related overhead costs for the Etching Department are budgeted at $200.000, and the Finishing Department costs are budgeted at $320.000. Two service departments. Maintenance and Computing directly support the two production departments. These service department, have budgeted costs of $48,000 and $250,000 respectively. The production department’s overhead rates cannot be determined until the service department’s costs are allocated. The following schedule reflects the use of the Maintenance Departments and Computing Department’s output by the various departments.
Using Department
Service Department Maintenance Computing Etching Finishing
Maintenance(maintenance hours) 0 1,000 1,000 8,000
Computing (minutes) 240,000 0 840,000 120,000
Required:
1. Use the direct method to allocate service department costs. Calculate the overhead rates per direct labor hour for the Etching Department and the Finishing Department.
2. Use the step–down method to allocate service department costs. Allocate the Computing Department’s costs first. Calculate the overhead rates per direct-labor hour for the Etching Department and the Finishing Department.

Answers

Answer:

Celestial Artistry Company

1. Allocation of Service departments costs (direct method):

                                Service Dept             Production Dept.

                       Maintenance Computing  Etching     Finishing   Total

Overheads          $48,000   $250,000 $200,000 $320,000 $818,000

Maintenance       (48,000)                            5,333      42,667     0

Computing                            (250,000)    218,750      31,250     0

Total costs            $0            $0             $424,083 $393,917  $818,000

Direct labor hours                                      40,000   160,000

Overhead rate per direct labor hour       $10.602    $2.462

2. Allocation of Service departments costs (step-down method):

                                Service Dept             Production Dept.

                       Maintenance Computing  Etching     Finishing   Total

Overheads          $48,000   $250,000 $200,000 $320,000 $818,000

Computing            50,000    (250,000)    175,000     25,000     0

Maintenance       (98,000)           0             10,889         87,111     0

Total costs            $0            $0            $385,889     $432,111  $818,000

Direct labor hours                                     40,000     160,000

Overhead rate per direct labor hour       $9.647       $2.701

Explanation:

a) Data and Calculations:

                                                        Etching      Finishing          Total

Employees                                            20                 80              100

Direct labor hours per year            2,000           2,000

 (per employee)

Total direct labor hours/year       40,000       160,000         200,000

Production-related overhead $200,000    $320,000       $520,000

                                       Service Dept             Production Dept.

                               Maintenance Computing  Etching   Finishing   Total

Overheads                $48,000   $250,000 $200,000 $320,000 $818,000  

Maintenance

(maintenance hours)          0            1,000        1,000        8,000      10,000

Computing (minutes) 240,000               0    840,000   120,000 1,200,000

Direct Allocation of Service Departments Overheads:

Maintenance Overhead:

Etching = $5,333 ($48,000 * 1,000/9,000)

Finishing = $42,667 ($48,000 * 8,000/9,000)

Computing Overhead:

Etching = $218,750 ($250,000 * 840,000/960,000)

Finishing = $31,250 ($250,000 * 120,000/960,000)

Step-down Allocation of Service Departments Overheads

Computing Overhead:

Maintenance = $50,000 ($250,00 * 240,000/1,200,000)

Etching = $175,000 ($250,00 * 840,000/1,200,000)

Finishing = $25,000 ($250,00 * 120,000/1,200,000)

Maintenance Overhead of $98,000:

Etching = $10,889 ($98,000 * 1,000/9,000)

Finishing = $87,111 ($98,000 * 8,000/9,000)

Ahsan Company makes 60,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials $12.60 Direct labor 17.20 Variable manufacturing overhead 4.10 Fixed manufacturing overhead 15.00 Unit product cost $48.90 An outside supplier has offered to sell the company all of these parts it needs for $69.70 a unit. If the company accepts this offer, the facilities now being used to make the part could be used to make more units of a product that is in high demand. The additional contribution margin on this other product would be $319,600 per year. If the part were purchased from the outside supplier, all of the direct labor cost of the part would be avoided. However, $4.30 of the fixed manufacturing overhead cost being applied to the part would continue even if the part were purchased from the outside supplier. This fixed manufacturing overhead cost would be applied to the company's remaining products. How much of the unit product cost of $48.90 is relevant in the decision of whether to make or buy the part? Multiple Choice $44.60 $17.20 $69.70

Answers

Answer:

Ahsan Company

Only $44.60 of the unit product cost of $48.90 is relevant in the decision of whether to make or buy the part.

Explanation:

a) Data and Calculations:

Annual units of parts produced = 60,000

Unit product costs:

Direct materials                              $12.60

Direct labor                                       17.20

Variable manufacturing overhead    4.10

Fixed manufacturing overhead      15.00

Unit product cost                         $48.90

Outside supplier's offer price per unit = $69.70

Relevant /avoidable costs:

Direct materials                                   $12.60

Direct labor                                            17.20

Variable manufacturing overhead         4.10

Fixed manufacturing overhead           10.70

Unit product cost                              $44.60

Opportunity cost ($319,600/60,000)   5.33

Total avoidable/relevant costs/unit $49.93

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