Sheridan Company reports:
Cash provided by operating activities $ 329000
Cash used by investing activities 119000
Cash provided by financing activities 139000
Beginning cash balance 92000
What is Sheridan’s ending cash balance?

Answers

Answer 1

Answer: $441,000

Explanation:

The following can be deuced from the question:

Cash provided by operating activities = $329000

Cash used by investing activities = $119000

Cash provided by financing activities = $139000

Beginning cash balance = $92000

Sheridan’s ending cash balance will be:

= Beginning cash balance + cash provided by operating activities + cash provided by financing activities - cash used by operating activities

= $92000 + $329000 + $139000 - $119000

= $441,000


Related Questions

At a sales volume of 44,000 units, Thoma Corporation's sales commissions (a cost that is variable with respect to sales volume) total $585,200. To the nearest whole cent, what should be the total sales commission per unit at a sales volume of 46,300 units

Answers

Answer: $13.30 per unit

Explanation:

Thoma Corporation Sales Commission per unit;

= Total Sales commission/ Sales volume

= 585,200/44,000

= $13.30

For a sales volume of 46,300 units, the commission per unit will be the same $13.30 per unit as this cost is variable with respect to sales volume.

Owners of a local restaurant are concerned about their ability to provide quality service as they continue to grow and attract more customers. They have collected data from Friday and Saturday nights, their busiest times of the week. During these time periods about 75 customers arrive per hour for service. Given number of tables and chairs, and the typical time it takes to serve a customer, the owners estimate they can serve on average about 100 customers per hour. Use Exhibit 5.6. During these nights, are they in the zone of service, the critical zone, or the zone of nonservice?

Answers

Answer:

the critical zone

Explanation:

So, we have the following information or data from the question/problem, they are:

=> In order to improve on the restaurant service and give more quality, customers data were collected in from Friday and Saturday nights which happens to be the local restaurant's busiest times of the week.

=> From the data collected it was shown that 75 customers arrive per hour for service.

=> After getting the data above the owners of the local restaurant estimated that they can serve on average about 100 customers per hour.

In order to improve on the restaurant service and give more quality, the utilization rate must be calculated. Therefore the utilization rate is arrival rate divided by service rate that is to say;

The utilization rate = arrival rate/ service rate.

The utilization rate = 75/100 = 0.75 = 75%.

The next step is to draw the diagram showing the relationship between rate of service utilization and service rate.

So, from the graph we have that with the 75%, the zone that it falls to is the CRITICAL ZONE.

Ramon had AGI of $165,000 in 2020. He is considering making a charitable contribution this year to the American Heart Association, a qualified charitable organization. Determine the current allowable charitable contribution deduction in each of the following independent situations, and indicate the treatment for any amount that is not deductible currently. Identify any planning ideas to minimize Ramon's tax liability.

Answers

Answer:

the situations are missing, so I looked for similar questions:

a. A cash gift of $68,500.

In the current year, Ramon may deduct $68,500 since his charitable contribution is limited to $165,000.

b. A gift of OakCo stock worth $68,500 on the contribution date. Ramon had acquired the stock as an investment two years ago at a cost of $61,650.

The stock's value for determining the contribution is $68,500 (fair market value). The deduction for 2020 is $49,500 (30% of AGI). The remaining $19,000 for years.

c. A gift of a painting worth $68,500 that Ramon purchased three years ago for $61,650. The charity has indicated that it would sell the painting to generate cash to fund medical research.

The contribution is valued at $61,650 (the charity will sell the painting immediately). The amount deductible in the current year is $61,650.

Explanation:

The charitable contribution limit was increased to 100% of AGI for 2020 by the CARES Act (Coronavirus Aid, Relief, and Economic Security Act).

According to the information above, which of the following is an appropriate analysis of the sales from the paper supplier? Select the correct answer below: From the data, the paper supplier had continued increasing sales over the 11 days. From the data, the paper supplier had continued decreasing sales over the 11 days. From the data, the paper supplier had decreasing sales from day 0 to day 5. After day 5, the sales increased. From the data, the paper supplier had increasing sales from day 0 to day 5. After day 5, the sales decreased.

Answers

Answer:

From the data, the paper supplier had decreasing sales over the 11 days.

Explanation:

The sales of the paper supplier have been declined over the 11 days. This might be because the demand for the paper is reduce due to lock down offices are closed and mostly work is done online on the soft copies. The paper supply has been increased and demand is decreased resulting in the price fall.

Suppose that real GDP grew more in Country A than in Country B last year.

a. Country A must have a higher standard of living than country B.
b. Country A's worker productivity must have grown faster than country B's.
c. Both of the above are correct.
d. None of the above are correct.

Answers

Answer:

D

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

The standard of living is calculated as real GDP / population. Even though the real GDP of country A grew faster than country B, country A's population might be higher than country B's making its standard of living lower.

To make a conclusion that the growth of country A's worker productivity grew faster, it must be assumed that population grew at the same rate in both countries

A U.S. business sells milk to consumers in France. Which situation would
most likely cause demand for milk to decline in France?

A. A popular French nutrition author claims that milk is bad for
people's health.
B. French consumers expect the price for milk to increase in the
future.
C. Cheese and other products made from milk become more popular
in France
D. The French population grows steadily due to years of economic
prosperity

Answers

The situation that cause the demand for falling in france should be option A. A popular French nutrition author claims that milk is bad for people's health.

The reason why it cause demand for milk:

The various consumers believes on expert's suggestion to select between products. Marketers know this, and that is why they incorporate doctors and other professionals in advertisements. Should the popular nutrition author provides a negative opinion on milk products, the demand for milk in France will decline.

learn more about demand here: https://brainly.com/question/18282855

Answer:

A

Explanation:

Just took the quiz

Which of the following statements would be most likely to minimize expected fixing costs? a. A machine should always be calibrated at the midpoint between the upper and lower spec limits. b. A machine should be calibrated closer to the upper spec limit than the lower spec limit if the cost of fixing output that is too high is greater than the cost of fixing output that is too low. c. A machine should be calibrated closer to the lower spec limit than the upper spec limit if the cost of fixing output that is too high is greater than the cost of fixing output that is too low.

Answers

Answer: c. A machine should be calibrated closer to the lower spec limit than the upper spec limit if the cost of fixing output that is too high is greater than the cost of fixing output that is too low.

Explanation:

If the cost of fixing output that is too high is greater than the cost of fixing output that is too low then it make sense to calibrate the machine closer to the lower spec limit.

This way if the machine produces less output than is required, it can be fixed at a lower cost than if the machine had been set to the upper spec and produces output that is too high.

Situation 2
A customer walks into your department and asks if anyone can help her. She complains that she's
been waiting for the salesperson in the shoe department for the last 10 minutes. She says, "Just
when I think he's finally going to help me, he takes another phone call. I'm so upset. I just want to
tell his manager how rude he's been."
Policy: Employees should try to handle all customer complaints. If the customer demands to see a
manager, call the departmental manager immediately.
19
sty

Answers

Answer:

The lady would need to remain patience and make note of the fact that there may be a crowd and not enough employees so it may take a while. Yes the lady has a right to assistance but she should only be given it if she is being respectful of the people around her and nice to the employees.

Not sure what you wanted me to answer but I hope this helps.

Explanation:

a. Why do some price controls help create black markets?
b. What is a black market you have personally seen?

Answers

Answer:

Price ceiling creates black markets

Price ceiling is when the government or an agency of the government sets the maximum price of a good or service. Price ceiling is binding if it is set below equilibrium price.

When a binding price floor is established, producers would earn less profits and as a result they would stop selling their products in the free markets. This would lead to scarcity and a result a black market can emerge. Goods would be sold at a higher price in the black markets than it would in the free markets.

So, black markets can arise as a result of price ceiling and the need of producers to earn higher profits

b. During the war, when there was a rationing of meat. Farmers declared less animal births to authorities and sold the undeclared livestock in the black market.

Also, in less developed countries e.g. Nigeria, when there is scarcity of fuel. Black markets arise where fuel are sold for higher prices

Explanation:

Carolyn is looking over opinions based primarily on research studies. She has found that there are 31 of them in total. What organization is Carolyn researching?

Answers

Answer:

d. APB

Explanation:

Carolyn is looking over published accounting opinions based primarily on research studies. What organization is Carolyn researching?

These are the options for the question

a. CAP

b. AICPA

c. SEC

d. APB

We are informed Carolyn who is looking over published accounting opinions based primarily on research studies. The organization Carolyn researching is Accounting Principle Board.

APB( Accounting Principle Board) belongs to a body of American institute of Certified public accountant in US.

it was been run and organised by American Institute of Public Accountants. APB can be regarded as organization which is a forerunner of

Financial Accounting Standards Board. This APB usually offer discounts on professional training with them as well insurance on journal subscription to their member. They are good in offering research on Accounting and finance.

Southern Imports is an all-equity firm with a beta of 1.32. The firm is considering a new project that entails less risk than its current operations and thus management feels that the firm's beta should be lowered by .18 when assigning a discount rate to this project. The market rate of return is 9.4 percent and the risk-free rate is 2.8 percent. What discount rate should be assigned to this project

Answers

Answer:

The answer is "10.32%".

Explanation:

The actual beta firm =1.32

if new beta reduced by 1.8

beta firm= 1.14(1.32-1.8)

market return= 9.4%

risk-free return=2.8%

formula:

[tex]\to \text{Discount rate= risk} +beta \times (return-risk)}[/tex]

                         [tex]=2.8+1.14(9.4-2.8)\\\\=10.32%[/tex]

is the price of a movie ticket likely to go up or down why?

Answers

Answer:

Down

Explanation:

Because they want more people to watch

Jen Rogers withdrew a total of $15,000 from her business during the current year. The entry needed to close the withdrawals account is:_________
A. Debit Income Summary and credit Cash for $31,000.
B. Debit Jen Rogers, Withdrawals and credit Cash for $31,000 Debit Income Summary and credit Jen Rogers, Withdrawals for $31,000.
C. Debit Jen Rogers, Capital and credit Jen Rogers, Withdrawals for $31,000.
D. Debit Jen Rogers, Withdrawals and credit Jen Rogers, Capital for $31,000.

Answers

Answer: C. Debit Jen Rogers, Capital and credit Jen Rogers, Withdrawals for $15,000

Explanation:

The options do not match the question. Correct answer is posted.

When closing the Withdrawal account at the end of the period, the withdrawals need to be accounted for from the capital invested by the investor because the withdrawals would reduce the capital balance.

To do this the Capital account should be debited to signify that it is reducing. The opposing entry therefore will be to credit the Withdrawals account.

The following transactions occurred at the Daisy King Ice Cream Company.
1. Started business by issuing 10,000 shares of capital stock for $23,000.
2. Signed a franchise agreement to pay royalties of 5% of sales.
3. Leased a building for three years at $530 per month and paid six months' rent in advance.
4. Purchased equipment for $5,700, paying $2,000 down and signing a two-year, 10% note for the balance.
5. Purchased $2,100 of supplies on account.
6. Recorded cash sales of $1,100 for the first week.
7. Paid weekly salaries and wages, $470.
8. Paid for supplies purchased in item (5).
9. Paid royalties due on first week's sales.
10. Recorded depreciation on equipment, $70.
Required:
Prepare journal entries to record each of the transactions listed above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
​Journal Entries Needed as followed:
​1. Started business by issuing 10,000 shares if capitol stock for $23,000
2. Signed a franchise agreement to pay royalties of 5% of sales
​3. Leased a building for 3yrs st $530 per month and paid 6 months rent in advance
​4. Purchased equipment for $5700, paying $2000 down and signing a 2yr 10% note for the balance.
​5. Purchased $2100 of supplies on account
​6. Recorded cash sales of $1100 for the 1st week
​7. Paid weekly salareies and wages $4700
​8. Paid for suplies purchased in item (5)
9. Paid royalites due on 1st weeks sales
​10. Recorded depreciation on equipment $70

Answers

Answer:

Daisy King Ice Cream Company

General Journal

1. Debit Cash Account $23,000

Credit Capital Stock $23,000

To record the issue of 10,000 shares for cash.

2. No journal entry required.

3. Debit Prepaid Rent $3,180

Credit Cash Account $3,180

To record the payment in advance of six months' rent.

4. Debit Equipment $5,700

Credit Cash $2,000

Credit Notes Payable $3,700

To record the purchase of equipment for cash and 10% two-year notes.

5. Debit Supplies $2,100

Credit Accounts Payable $2,1000

To record the purchase of supplies on account.

6. Debit Cash Account $1,100

Credit Sales Revenue $1,100

To record the sale of goods for cash.

Debit Royalties Expense $55

Credit Royalties Payable $55

To record 5% royalties payable on sales.

7. Debit Salaries and Wages Expense $470

Credit Cash Account $470

To record the payment of weekly salaries and wages.

8. Debit Accounts Payable $2,100

Credit Cash Account $2,100

To record the payment for supplies purchase on account.

9. Debit Royalties Payable $55

Credit Cash Account $55

To record the payment of royalties due.

10. Debit Depreciation Expense $70

Credit Accumulated Depreciation $70

To record the depreciation expense for the period.

Explanation:

For Daisy King Ice Cream Company, the recording of business transactions in the journal is the first step of maintaining the double-entry system of book-keeping.  In it, the accounts to be debited and credited are identified and recorded for onward posting to the general ledger.

A project that will last for 10 years is expected to have equal annual cash flows of $103,900. If the required return is 8.4 percent, what maximum initial investment would make the project acceptable? Multiple Choice $638,392.96 $595,833.43 $1,534,047.75 $655,213.49 $684,772.10

Answers

Answer:

PV= $684,772.1

Explanation:

Giving the following information:

A project that will last for 10 years is expected to have equal annual cash flows of $103,900. If the required return is 8.4 percent.

First, we need to calculate the future value of the cash flows:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {103,900*[(1.084^10) - 1]} / 0.084

FV= $1,534,047.75

Now, we can determine the present value:

PV= FV/(1+i)^n

PV= 1,534,047.75 / (1.084^10)

PV= $684,772.1

Rust Pipe Co. was established in 1994. Four years later the company went public. At that time, Robert Rust, the original owner, decided to establish two classes of stock. The first represents Class A founders' stock and is entitled to twelve votes per share. The normally traded common stock, designated as Class B, is entitled to one vote per share. In late 2010, Mr. Stone, an investor, was considering purchasing shares in Rust Pipe Co. While he knew the existence of founders’ shares were not often present in other companies, he decided to buy the shares anyway because of a new technology Rust Pipe had developed to improve the flow of liquids through pipes. Of the 1,900,000 total shares currently outstanding, the original founder's family owns 52,725 shares. What is the percentage of the founder's family votes to Class B votes? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Answers

Answer:

34.25%

Explanation:

Votes per share = 12

Shares owned = 52725

Now we are to calculate the total value of the total number of of votes

Total votes = votes per share * shares owned

= 12*52725

Total = 632700

Value of votes of class B

Total shares outstanding - founders family shares

= 1900000 - 52725

= 1847275

The question requires us to calculate percentage of the founder's family votes to Class B votes

632700/1847275

= 0.3425

= 34.25%

Total Company North South Sales $ 600,000 $ 400,000 $ 200,000 Variable expenses 360,000 280,000 80,000 Contribution margin 240,000 120,000 120,000 Traceable fixed expenses 120,000 60,000 60,000 Segment margin 120,000 $ 60,000 $ 60,000 Common fixed expenses 50,000 Net operating income $ 70,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region.

Answers

Answer:

1. Company wide break-even point in dollar sales= $425,000

2. Break-even point in dollar sales for North region= $200,000

3. Break-even point in dollar sales for South region = $100,000

Explanation:

1. Computation of the companywide break-even point in dollar sales

First step is to find the Contribution margin ratio

Using this formula

Contribution margin ratio = Contribution margin / Sales

Contribution margin ratio:

Total company: ($240,000/$600,000)=0.4

North : ($120,000/$400,000)=0.4

South : ($120,000/$200,000)=0.6

Now let compute the Company wide break-even point in dollar sales using this formula

Company wide break-even point in dollar sales= Fixed costs / Contribution margin ratio

Let plug in the formula

Company wide break-even point in dollar sales= ($120,000 + $50,000) / 0.4

Company wide break-even point in dollar sales= $425,000

2. Computation for the break-even point in dollar sales for the North region using this formula

Break-even point in dollar sales for North region = Traceable fixed expenses / Contribution margin ratio

Let plug in the formula

Break-even point in dollar sales for North region= $60,000 / 0.3

Break-even point in dollar sales for North region= $200,000

3. . Computation for the break-even point in dollar sales for the South region.

Using this formula

Break-even point in dollar sales for South region = Traceable fixed expenses / Contribution margin ratio

Let plug in the formula

Break-even point in dollar sales for South region = $60,000 / 0.6

Break-even point in dollar sales for South region = $100,000

A perpetuity pays $170 per year and interest rates are 8.2 percent. How much would its value change if interest rates increased to 9.7 percent

Answers

Answer:

$320.59 decrease

Explanation:

The computation of the change in the value is shown below:

As we know that

The Value of perpetuity is

= Annual inflows ÷ interest rate

Current value is

= $170 ÷ 0.082

= $2,073.17

And,

New value is

= $170  ÷ 0.097

= $1,752.58

Now change in value is

= $2,073.17 - $1,752.58

= $320.59 decrease

We simply applied the above formula

Retepson, Inc. has been in business for over 50 years. Retepson is best known for its Guide to Colleges line of books designed for high school students seeking admission to undergraduate programs. Basic information about a program is included in the books at no charge to the colleges, but colleges may purchase additional advertising space in the books for a fee. Traditionally, Retepson has made money by selling advertising in its books and by charging students for the books themselves. Recently, however, profits are down, and the company is considering whether it needs to change its corporate culture. Which of the following, if true, supports the conclusion that Retepson's culture should emphasize innovation?
a) Anyone with Internet access can find any of the information included in the Guide to Colleges series.
b) At the time that Retepson was founded, there was no easy way for students to find out basic information about a wide range of undergraduate programs.
c) Most large colleges have found that the wide circulation of the Guide to Colleges line of books makes it worthwhile to purchase additional advertising space.
d) Retepson's sales force has been able to prevent imitators from duplicating its success.
e) Students seeking admission to selective colleges often adopt innovative approaches to their application essays in order to stand out from the group of applicants.

Answers

Answer:

a) Anyone with Internet access can find any of the information included in the Guide to Colleges series.

Explanation:

when we say innovation what we mean is a new idea, a new method, or a new way of doing things.

option A is the answer because using the internet to search for information is a form of innovation that has would bring about immense amount of changes from the former way of doing things. the internet itself is an innovative medium and it serves different purposes.

if anyone with internet can easily access information, then such an innovative ideas should be emphasized

All against Common Sense. Back in mid 80s, the US economy was very bad. It was much worse than it is now. At that time, to the surprise of many people, US automakers raised the prices of their cars. The common sense says that when the sales are slow, we lower prices and offer better deals to customers. Why do you think that the US car manufacturers increase the prices?

Answers

Answer:

Explanation:

This most likely happened because in the 80's the economy was so bad that even by lowering their prices the middle-class families would still not be able to afford to buy a car. The only individuals able to afford a car would be those who are wealthy. Therefore, by increasing prices and targetting wealthy individuals, the US car manufacturers could become profitable with much fewer sales and prevent the manufacturing plant from going under. Since wealthy individuals would not mind much the increased prices because they can still afford it without making much of a dent in their wealth.

Companies, the military, the government, and nonprofit organizations can operate because they have determined the levels of authority and reporting structure for their organizations. What is the name given to this line of authority

Answers

Answer:

Chain of command.

Explanation:

Chain of command is been used in the description of operation flow pattern in companies, government, universities and in many organisations which aid in a better reporting relationship. This report is said to set records straight and also puts every individual in a category in this chart organization. Also a chain of command is established so that everyone knows whom they should report to and what responsibilities are expected at their level. A chain of command enforces responsibility and accountability.

How are productive resources
allocated among people and
businesses in the United States?

Answers

Answer:

see below

Explanation:

America is a good example of a free-market economy. In this type of market, productive resources are allocated through the interaction of a willing buyer and a willing seller. In a market economy, Mutual beneficial exchange of resources through trade is relied upon to solve economic problems. An Individual's self-interest is viewed as a benefit to society.

In a free-market economy like in America, purchasing power determines who owns resources. Resource owners are motivated by profits and other self-interest to engage in production. The forces of supply and demand control activities in a Free Market. Consumers decide what will be produced. In market economies,  operation and acquisition of resources is by the freely and self-directed interaction between consumers and producers.

Park competes with World by providing a variety of rides. sells tickets at $110 per person as a​ one-day entrance fee. Variable costs are $44 per​ person, and fixed costs $412,500 are per month. Under these​ conditions, the breakeven point in tickets is 6,250 and the breakeven point in sales dollars is ​$687,500.
Requirement
1. Suppose Park cuts its ticket price from to to increase the number of tickets sold. Compute the new breakeven point in tickets and in sales dollars. 2. Begin by selecting the formula labels and then entering the amounts to compute the number of tickets must sell to break even under this scenario

Answers

Answer:

Instructions are below.

Explanation:

Giving the following information:

Variable costs are $44 per​ person

Fixed costs $412,500

Let's suppose that the new selling price is $100.

To calculate the break-even point in units and dollars, we need to use the following formulas:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 412,500 / (100 - 44)

Break-even point in units= 7,366 units

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 412,500 / (56/100)

Break-even point (dollars)= $736,607

0.5 points eBookPrintReferences Check my work Check My Work button is now enabledItem 3Item 3 0.5 points Agee Storage issued 37 million shares of its $1 par common stock at $12 per share several years ago. Last year, for the first time, Agee reacquired 1 million shares at $10 per share. Assuming that Agee retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Agee’s total paid-in capital decline if it now reacquires 1 million shares at $16 per share? (

Answers

Answer:

Decline in Agee's total paid up capital is $14,000,000

Explanation:

Computation of decline in Paid-Up capital

Particulars                                        Amount

Cash paid for first repurchase      $10,000,000

(1 million shares*$10)

Value of first purchase                   $12,000,000

(1 million * $12                                                        

Benefit on first repurchase            $2,000,000

Cash paid for second repurchase = $16,000,000

(1 million shares * $16)

Value of second repurchase            $12,000,000

(1 million * $12)                                                            

Reduction in Total paid-in-capital   $14,000,000 ($2 million + $12 million)

g Question 3 (ASC Required - 20 points): After graduation, you work for a few years at a major accounting firm and advance to Senior. However, as part of this role, you start working on a client that is different from your other background: specifically, a major bank located in San Francisco. This bank primarily takes deposits from retail and business customers and lends money out to others. The accounting seems to be completely different from what you are used to and so you go to the Codification to find out what the accounting standards for this industry consist of. Describe the major classes of transactions undertaken by this sort of entity and how they should be accounted for.

Answers

Answer with Explanation:

The major transactions that a bank will be involved in are listed below:

Deposits of accounts holders: These deposits are basically the liability of the bank which it will pay them back in near future. Hence it must be recorded as a Current or Non-current liability depending upon the type of account and agreement between the parties to contract. Money lendings to borrowers: This money must be accounted for as a current or non-current asset depending upon the type of account and agreement made.Interest on the money lendings: It is interest income and must be accounted for as revenue.ATM and other Transaction processing charges: These fee charges are also part of income and thus must be accounted for as income.

Receivables are valued based on their ________.
a. fair value
b. estimated amount collectible
c. lower-of-cost-or-market value
d. historical cost

Answers

Answer:

b. estimated amount collectible

Explanation:

In Financial accounting, Receivables are also known as Account Receivable. Receivables are considered to be a current asset because it is the payment a business firm would receive from its customers for goods purchased or services taken on credit. Also, accounts receivable are recorded in the current assets section of the balance sheet because they add value to a business firm.

Generally, current assets are considered to be liquid because they are listed on the balance sheet in the order (descending) in which they are expected to turn or be converted to cash within a relatively short term period.

Hence, receivables are valued based on their estimated amount collectible from customers for the goods and services taken.

At what percentage of credit card usage, does it start affecting your score in a negative way?​

Answers

Answer:

3%

Explanation:

ratio of 80 or 90 percent or more highly negative impact on your credit score.

Follows a summary of Gold Corp.'s cash flows ($ in millions) for the year ended Dec. 31, 2020: Cash received from: Customers $ 3,150 Interest on investments 290 Sale of land 190 Sale of Rowdy's common stock 780 Issuance of debt securities 2,900 Cash paid for: Interest on debt $ 390 Income tax 170 Debt principal reduction 2,400 Purchase of equipment 5,800 Purchase of inventory 1,900 Dividends on common stock 470 Operating expenses 680 Gold Corp would report net cash inflows (outflows) from investing activities for the period of:

Answers

Answer:

Only two of the listed activities classify as investing activities. The cash flow form investing activities = cash received form the sale of land + cash paid for the purchase of equipment = $190 - $5,800 = -$5,610

Explanation:

Customers $ 3,150 ⇒ operating activity

Interest on investments 290 ⇒ operating activity

Sale of land 190 ⇒ investing activity

Sale of Rowdy's common stock 780 ⇒ financing activity  

Issuance of debt securities 2,900 ⇒ financing activity

Interest on debt $ 390 ⇒ operating activity

Income tax 170 ⇒ operating activity

Debt principal reduction 2,400 ⇒ financing activity

Purchase of equipment 5,800 ⇒ investing activity

Purchase of inventory 1,900 ⇒ operating activity

Dividends on common stock 470 ⇒ financing activity

Operating expenses 680 ⇒ operating activity

Lawn Master Company, a manufacturer of riding lawn mowers, has a projected income for the coming year as follows: Sales $ 44,000,000 Operating expenses: Variable expenses $ 28,600,000 Fixed expenses 7,700,000 Total expenses 36,300,000 Operating profit $ 7,700,000 Required: 1. Determine the breakeven point in sales dollars. 2. Determine the required sales in dollars to earn a before-tax profit of $9,152,500. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) 3. What is the breakeven point in sales dollars if the variable expenses increases by 9%

Answers

Answer:

Please see attached

Explanation:

• Break even point in sales dollars $22,000,000

• Required sales in dollars $48,150,000

• Break even point in sales dollars $34,010,600

See as attached, detailed solution to the questions above.

Answer:

Results are below.

Explanation:

Giving the following information:

Sales $44,000,000

Variable expenses $ 28,600,000

Fixed expenses 7,700,000

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 7,700,000 / [(44,000,000 - 28,600,000)/44,000,000]

Break-even point (dollars)= $22,000,000

Now, we incorporate the desired profit of $9,152,500

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= (7,700,000 + 9,152,500) /0.35

Break-even point (dollars)= $48,150,000

Finally, the new break-even point in dollars:

Total variable cost= 28,600,000*1.09= 31,174,000

Break-even point (dollars)= 7,700,000 / [(44,000,000 - 31,174,000) / 44,000,000]

Break-even point (dollars)= 7,700,000 / 0.2915

Break-even point (dollars)=  $26,415,094.34

A share of Lash Inc.'s common stock just paid a dividend of $2.10. If the expected long-run growth rate for this stock is 5%, and if investors' required rate of return is 18.5%, what is the stock price

Answers

Answer:

P0 = $16.333333333 rounded off to $16.33

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g) / (r - g)

Where,

D0 * (1+g) is dividend expected for the next period g is the growth rate r is the required rate of return  

P0 = 2.1 * (1+0.05)  /  (0.185 - 0.05)

P0 = $16.333333333 rounded off to $16.33

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