A stock has a current annual dividend of $6.00 per year, and it is expected to grow by 3% (0.03) a year. It is expected that two years from now the stock will sell for $90.00 a share. If the interest rate is 5% (0.05), the dividend-discount model predicts the stock's current price should be
Answers
Answer:
$93.20
Explanation:
Given the following from the question
Future value of stock = $90
PV Factor = Future Value ÷ (1+ interest rate %)
Hence, we have Present value of stock as => 90 ÷ (1.03) = $87.378640777
Present value of dividends = 6 ÷1.03 = $5.8252427184
Total of present value of stock and dividend =$87.378640777 + 5.8252427184 = $93.20
Hence, in this case, the correct answer is = $93.20
Related Questions
Which of the following is incorrect in terms of data warehousing and business intelligence? Group of answer choices Operational information is mainly current Does not include information from other operational applications Operational information frequently has quality issues Operational systems are integrated
Answers
Answer:
Operational systems are integrated.
Explanation:
A data warehouse can be defined as a large collection of data gathered or collected from various sources within an organization and managed to provide a guide for making decisions by the management.
This ultimately implies that, a data warehouse avails the management of an organization the ability to collect, analyze and manage data in order to gain meaningful insights and aid in the decision-making process.
In terms of data warehousing and business intelligence, the following statements are true and correct;
I. Does not include information from other operational applications.
II. Operational information is mainly current.
III. Operational information frequently has quality issues.
At the 3 compartment sink the temperature of sanitizer water should be
Answers
Answer:
75F-120F (24C-49C)
Explanation:
This range is recommended to ensure effective sanitation.
1. Stockholders invest $90,000 cash to start the business.
2. Purchased three digital copy machines for $400,000, paying $118,000 cash and signing a 5-year, 6% note for the remainder.
3. Purchased $5,500 paper supplies on credit.
4. Cash received for photocopy services amounted to $8,400.
5. Paid $500 cash for radio advertising.
6. Paid $800 on account for paper supplies purchased in transaction 3.
7. Dividends of $1,600 were paid to stockholders.
8. Paid $1,200 cash for rent for the current month.
9. Received $2,200 cash advance from a customer for future copying.
10. Billed a customer for $500 for photocopy services completed.
No. Account Titles and Descriptions Debit Credit
1.
2.
3.
4.
5.
Answers
Answer:
1. Stockholders invest $90,000 cash to start the business.
Dr Cash 90,000
Cr Common stock 90,000
2. Purchased three digital copy machines for $400,000, paying $118,000 cash and signing a 5-year, 6% note for the remainder.
Dr Copy machines 400,000
Cr Cash 118,000*
Cr Notes payable 282,000
*Where did they get the extra cash from?
3. Purchased $5,500 paper supplies on credit.
Dr Supplies 5,500
Cr Accounts payable 5,500
4. Cash received for photocopy services amounted to $8,400.
Dr Cash 8,400
Cr Service revenue 8,400
5. Paid $500 cash for radio advertising.
Dr Advertising expense 500
Cr Cash 500
6. Paid $800 on account for paper supplies purchased in transaction 3.
Dr Accounts payable 800
Cr Cash 800
7. Dividends of $1,600 were paid to stockholders.
Dr Dividends 1,600
Cr Cash 1,600
8. Paid $1,200 cash for rent for the current month.
Dr Rent expense 1,200
Cr Cash 1,200
9. Received $2,200 cash advance from a customer for future copying.
Dr Cash 2,200
Cr Unearned service revenue 2,200
10. Billed a customer for $500 for photocopy services completed.
Dr Accounts receivable 500
Cr Service revenue 500
Cindy operates a computerized engineering drawing business from her home. Cindy maintains a home office and properly allocates the following expenses to her office: Depreciation $1,500 Utilities 500 Real estate taxes 325 Mortgage interest (100 percent deductible) 500 a. Assume that Cindy earns income of $4,400 from her business for the year before deducting home office expenses. She has no other expenses associated with the business. Calculate Cindy's deduction for home office expenses.
b. Assume that Cindy earns income of $2,600 from her business during the year before deducting home office expenses. Calculate Cindy's deduction for home office expenses. $
Answers
If Cindy operates a computerized engineering drawing business from her home.
a. Deduction for home office expenses is $1,575
b. Cindy's deduction for home office expenses $2,600.
How to find the Deduction for home office expenses ?A) Cindy's deduction for home office expenses is calculated below:
Deduction for home office expenses = Gross Income - Depreciation Balance - Utilities Balance - Real estate Taxes and Mortgage Interest
Deduction for home office expenses = $4,400 - $1,500 - $ 500 -$325 - $500
Deduction for home office expenses = $4,400 - $2,825
Deduction for home office expenses =$1,575
B)To calculate Cindy's deduction for home office expenses when she earns income of $2,600 from her business for the year before deducting home office expenses:
Step 1: Calculate the total expenses allocated to the home office (same as in part a):
Depreciation + Utilities + Real estate taxes + Mortgage interest = $1,500 + $500 + $325 + $500 = $2,825
Calculate the limit on the deduction for home office expenses:
Since Cindy's business income is less than her total home office expenses, she cannot deduct more than her business income. Therefore, the limit on her deduction is $2,600.
Calculate the deduction for home office expenses:
Cindy can deduct the lesser of her total home office expenses or the limit based on her business income:
Deduction for home office expenses = $2,600 (limit)
Therefore, Cindy's deduction for home office expenses is $2,600.
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XYZ Corporation purchases 3,000 shares of its $50 par value common stock for $180,000 cash on July 1. It will hold the shares in the treasury until resold. On November 1, the corporation sells 1,000 shares of treasury stock for cash at $70 per share. Journalize the treasury stock transactions.
Answers
The journal transactions for treasury stock:
Date. Particulars. Debit($). Credit($)
Jul-01. Common stock. 150000
Paid up
capital excess
of par. 30000
Bank 180000
(Being 3000 shares purchased)
Nov-01. Bank. 70000
Common stock 50000
Paid up capital
excess of par. 20000
(Being 1000 shares issued from treasury
stock)
What is a journal entry?
The act of maintaining or creating records of any transactions, whether they are financial or not, is known as journaling.
An accounting journal lists transactions and displays a company's debit and credit balances. The journal entry may have many entries, each of which is either a credit or a debit. The journal entry is deemed to be imbalanced if the total of the debits does not match the total of the credits.
Journal entries can list one-time or ongoing events, such bond amortisation or depreciation. Accounts payable normally has its own subledger that indirectly impacts the main ledger, and journals entries in accounting software are typically entered using a distinct module from those. Consequently, journal entries immediately alter the balances of the accounts on the general ledger. An accurate date, the amount(s) that will be debited, the amount that will be credited, a description of the transaction, and a special reference number are all required for a journal entry to be correctly documented (i.e. check number).
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XYZ Corporation purchases 3,000 shares of its $50 par value common stock for $180,000 cash on July 1. It will hold the shares in the treasury until resold. On November 1, the corporation sells 1,000 shares of treasury stock for cash at $70 per share. Journalize the treasury stock transactions.
What budgeting tip(s) would help you to stay on track
financially?
a.Find a friend with similar goals and hold each other
accountable
b.Put aside fun money in your budget so you're not
missing out
c.Only use your closest gas station to fill up gas
d.All of the above
Answers
Answer:
d. All of the above
Explanation:
if paul bunyon lost his job because they buy chainsaws to replace him what type of unemployment is this?
Answers
Paul Bunyon losing his job as a lumberjack because the timber company he works for decided to just buy chainsaws ,shows structural unemployment.
What is structural unemployment?Structural unemployment is a type of involuntary unemployment caused by a mismatch between the skills available to workers in the economy and the skills required by employers. Structural unemployment is frequently caused by technological changes that render many workers' job skills obsolete.
Structural unemployment is long-lasting unemployment that comes about due to shifts in an economy.
As Paul was a lumberjack, and the company decides to buy chainsaws to replace him. This unemployment will be termed as structural unemployment.
Therefore, Paul Bunyon faces structural unemployment.
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Your question is incomplete, but most probably the full question was,
Paul Bunyan lost his job as a lumberjack because the timber company he works for decided to just buy chainsaws. What type of unemployment is this an example of?
A customer places an order to either buy 2,000 shares of ABC stock at 50 GTC; or to buy 2,000 shares of ABC stock at 70 Stop GTC when the market price of ABC is $52. The order is entered on the firm's internal order book, and 2,000 shares are filled at $50. The order that will appear on the firm's internal order book after the execution is:
Answers
Considering the situation described above, "no order will appear on the firm's internal order book after the execution."
This is because the executive order is an order that guarantees that the order will be executed; this implies that order execution is conducted before execution.
Given that the order has been executed, no order will appear on the firm's internal order book after the execution.
Generally, order execution can be conducted either manually or electronically.
Hence, in this case, it is concluded that the correct answer is "no order will appear on the firm's internal order book after the execution."
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Alpha and Beta, two tiny islands in the Pacific, produce pearls and pineapples. The following production possibilities schedules describe their potential output in tons per year:
ATTACHMENT IS BELOW
Suppose Alpha and Beta agree that the terms of trade will be one for one and exchange 10 pearls for 10 pineapples.
a. If Alpha produced 6 pearls and 15 pineapples while Beta produced 30 pearls and 8 pineapples before they decided to trade, how many pearls would each be producing after trade? Assume that the two countries specialize according to their comparative advantage.
(i) Alpha: _____ pearls
(ii) Beta: _____ pearls
b. How much would the combined production of pineapples increase for the two islands due to specialization?
_____ pineapples
c. How much would the combined production of pearls increase?
_____ pearls
d. What is the post-trade consumption for each island?
Alpha consumes _____ pearls and ______ pineapples.
Beta consumes ______ pearls and ______pineapples.
Answers
Answer:
The opportunity cost of pearls for A is 2.5 pineapples and the opportunity cost of pearls for A is 0.27.
Explanation:
If Alpha produced 6 pearls and 15 pineapples, while B produced 30 pearls and 8 pineapples before the trade, we can calculate the opportunity cost for each island. For island Alpha, their opportunity cost will be:
6 pearls = 15 pineapples
1 pearl = 15/6 pineapples
1 pearl = 2.5 pineapples
Therefore, the opportunity cost of pearls for A is 2.5 pineapples
For island Beta, their opportunity cost will be:
30 pearls = 8 pineapples
1 pearl = 8/30 pineapples
1 pearl = 0.27 pineapples
Therefore, the opportunity cost of pearls for A is 0.27 pineapples
b)
It appears that A will increase production of pineapples from 15 pineapples to 25 pineapples, and due to their opportunity cost, will decrease pearl production from 6 pearls to 2 pearls
It appears that B will increase the production of pearls from 30 pearls to 40 pearls, and due to their opportunity cost, will decrease pineapple production from 8 pineapples to 4 pineapples.
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $156,000. The machine's useful life is estimated to be 20 years, or 110,000 units of product, with a $1,000 salvage value. During its second year, the machine produces 4,400 units of product. Determine the machines' second-year depreciation under the straight-line method.
Multiple Choice
$7,800.
$6,240.
$6,200.
$7,850.
$7,750.
Answers
Answer:
Explanation:
Annual depreciation=(cost-salvage value)/useful life
Annual depreciation =(156,000-1000)/20
Annual depreciation =$7750/year
Hence Depreciation for second year=$7750.
(STATEMENT OF STOCKHOLDERS’ EQUITY) In its most recent financial statements, Nessler Inc. reported $75 million of net income and $825 million of retained earnings. The previous retained earnings were $784 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid.
Answers
Answer:
95 mill
Explanation:
Your director called an emergency meeting because the main funder of their project is planning an on-site evaluation visit. The timeline is short and your team realizes that, despite their firm belief that their program is going very well, they might have difficulty in proving it. You find that the information you are required to provide does not match the kind of data you have been collecting. Your team is learning the hard way what all human service managers and service providers should know: If an event is not recorded it is as though it had not happened.
Address the following questions in your response:
How might the agency have avoided the situation?
How might the funding source have helped to avoid the current situation?
What data should your team have been collecting?
How should you deal with the immediate situation?
Answers
Answer:
no
Explanation:
By comparing prices at different stores, consumers will:
Answers
By comparing prices at different stores, consumers will save money and make informed purchasing decisions.
How can comparing prices at different stores benefit consumers?Comparing prices at different stores allows consumers to make informed purchasing decisions and save money. By taking the time to research and compare prices, consumers can identify the best deals and discounts available for the products they intend to buy.
This practice helps them ensure that they are getting the most value for their money. It can also help consumers uncover any price discrepancies or inflated prices allowing them to avoid overpaying for goods and services.
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Ex:3 le 8-02-2023 Using a ruler and a pair of compases only, Construct i ∆PQS such that |PQ| = 8cm |QR| = 8cm and ,< PQR=90° the perpendicular bisector of PR label the point of intersecting of the bisector and PR T Produce ST. Such that |PT|= |RT|=9cm What type of quadrilateral is PQRS?
Answers
Answer:
Therefore, the quadrilateral PQRS is a kite.
Explanation:
The given information defines a kite, as the diagonals of a kite are equal in length and bisect each other at right angles. The length of diagonal PQ is 8 cm, and the length of diagonal SR is 8 cm. The perpendicular bisector of PR intersects PR at T such that PT = RT = 9 cm.
Using skills, tools, and techniques to help you accomplish goals within a certain amount of time is called:
A. a mental goal
B. a long-term goal
C. a short-term goal
D. time management
Answers
D. Time management refers to the process of using skills, tools, and techniques to help individuals or organizations accomplish their goals within a certain timeframe. It involves planning, organizing, prioritizing, and allocating time effectively and efficiently.
Time management is crucial for both personal and professional success. It enables individuals to make the most of their available time, increase productivity, and reduce stress. By setting specific goals and breaking them down into manageable tasks, individuals can create a roadmap for their actions.
Tools and techniques such as creating schedules, using calendars, setting deadlines, and employing productivity apps can further enhance time management efforts.
Effective time management involves analyzing priorities, eliminating time-wasting activities, delegating tasks when possible, and maintaining focus on the most important objectives. It requires self-discipline, effective decision-making, and the ability to adapt and adjust plans as needed.
By mastering time management skills, individuals can achieve their short-term and long-term goals efficiently while maintaining a healthy work-life balance. So, the correct option is D.
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Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answers
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
Assume that the following data describes the condition of the banking system
Answers
Answer:
what's the data?,so I can answer the question.
Money made from the sale of a good or service is called
Loss
Expenses
Revenue
Salary
Answers
Loss and expenses are money lost, not made
A salary is what you pay a worker
Under The Factoring Arrangement, The Factor
Answers
Answer:
Hope this may help you
Jordan needs to purchase a car. The car Jordan plans to purchase costs $15,000. Jordan has saved $3,000 to
use as a down payment for the car. Jordan is offered credit terms of 5% APR for 5 years
In one year, how much interest will Jordan pay on this loan?
Answers
In one year, the interest that Jordan will pay on a loan to purchase a car that costs $15,000 with a downpayment of $3,000 at 5% APR for 5 years is $600.
How is interest calculated?The interest can be computed using an online finance calculator for the 5 years period.
However, to calculate interest for one year, especially the first year, the loan amount is multiplied by the APR, as below.
Data and Calculations:Cost of car = $15,000
Down payment = $3,000
Car loan = $12,000 ($15,000 - $3,000)
APR = 5%
Loan period = 5 years
Interest for one year (first year) = $600 ($12,000 x 5%)
Thus, the interest for the first year is $600.
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Develop a managerial report (1,000-1,250 words) summarizing your analysis of the OEI service capabilities. Make recommendations regarding the number of technicians to be used when OEI reaches 20 and then 30 customers, and justify your response. Include a discussion of the following issues in your report:
What is the arrival rate for each customer?
What is the service rate in terms of the number of customers per hour? (Remember that the average travel time of 1 hour is counted as service time because the time that the service technician is busy handling a service call includes the travel time in addition to the time required to complete the repair.)
Waiting line models generally assume that the arriving customers are in the same location as the service facility. Consider how OEI is different in this regard, given that a service technician travels an average of 1 hour to reach each customer. How should the travel time and the waiting time predicted by the waiting line model be combined to determine the total customer waiting time? Explain.
OEI is satisfied that one service technician can handle the 10 existing customers. Use a waiting line model to determine the following information: (a) probability that no customers are in the system, (b) average number of customers in the waiting line, (c) average number of customers in the system, (d) average time a customer waits until the service technician arrives, (e) average time a customer waits until the machine is back in operation, (f) probability that a customer will have to wait more than one hour for the service technician to arrive, and (g) the total cost per hour for the service operation.
Do you agree with OEI management that one technician can meet the average 3-hour service call guarantee? Why or why not?
What is your recommendation for the number of service technicians to hire when OEI expands to 20 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What is your recommendation for the number of service technicians to hire when OEI expands to 30 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What are the annual savings of your recommendation in Question 6 (above) compared to the planning committee's proposal that 30 customers will require three service technicians? (Assume 250 days of operation per year.) How was this determination reached?
Answers
The purpose of this research is to examine the service proficiency of OEI and suggest suitable staffing levels for accommodating a growing clientele of 20 and 30.
1. Arrival Rate for Each Customer: 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
3. Travel Time and Waiting Time: The waiting time starts from the moment the customer contacts OEI until the machine is back in operation, including both travel and repair time.
What is the managerial report1. Arrival Rate for Each Customer: 1.25 customers per hour.
Based on historical data, the arrival rate for each customer is calculated by dividing the total number of customers by the total time. let us say that OEI receives an average of 10 customers per day, and the service operates for 8 hours a day. So, the arrival rate per customer is:10 customers / 8 hours
= 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
The service rate takes into account the time required to complete a repair, including travel time. OEI estimates that each service call takes approximately 1 hour for travel time and 2 hours for the actual repair. So, the service rate is:1 customer / 3 hours
= 1/3 customers per hour.
3. Travel Time and Waiting Time:
OEI is different from traditional waiting line models since service technicians need to travel an average of 1 hour to reach each customer. In this case, the travel time and waiting time predicted by the waiting line model should be combined to determine the total customer waiting time.Learn more about managerial report from
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silence is gold explain in a hundred words that can be used ethically at workplace
Answers
Answer:
Silence is gold is the business strategy used by many organizations in relation to communication ethics. The business communication is effective when the precise and correct information is circulated. When there is culture of unnecessary talks in business there can be unhealthy arguments and excessive criticisms which may ruin business strategies. Business ethics is implementing strategies which are to be followed by all employees. The strategies are formed after keeping in mind concerns of all stakeholders including how to treat employees. The silence can be a business ethics strategy to avoid gossips, as it may lead to negative consequences at the workplace.
Explanation:
Silence is strategy of introvert people but it is hard for extroverts to keep silence in a communication. There are some situations where keeping silent is better than to speak. There can be business situations where excess talks can bring negative effects to the company profits and may disturb company culture. Silence is peaceful and implementing culture of silence may bring peace to a business. When there will be less talks among employees the people will be more productive and focus on their own tasks rather than wasting time in an unhealthy discussion. Keeping this in mind it is fairly said "Silence is Gold"
Derek Davis, the sole proprietor of DD's Jam Shoppe, started trading on 1 January 2015 and provides you with the following list of balances which was extracted from his books on 31 March 2015. §. Inventory on 31 March 2015 was valued at · . ● Bank . Cash Accounts Receivable Accounts Payable Fixtures, Fittings and Equipment Premises Capital Transportation Out Discounts Wages and Salaries Utilities (including water rates) Rent Revenue Loan 1 Gross Income 1 654 6 875 9020/JANUARY/F 2016 699 450 7 780 25 000 396 160 4 750 1 180 1922 32 484 Additional information at 31 March 2015: Fixtures, Fittings and Equipment is to be depreciated at 20% per annum, using the straight line method. 185 3 000 2 560 8 793 One employee has not yet been paid his wages of $900. The Water Company has a credit of $160 for payment received in advance. 4 Mr Davis rents part of his shop premises to a tenant, who owes $1 500 in rent for the month of March. Interest is to be calculated on the Loan at the rate of 15% per annum.
Answers
Here is the financial statement for Derek Davis's sole proprietorship:
The financial statementDerek Davis, sole proprietor of DD's Jam Shoppe, had the following balances as of March 31, 2015:
Cash: $1,654
Accounts receivable: $6,875
Inventory: $9,020
Accounts payable: $4,500
Fixtures, fittings, and equipment: $7,780
Premises: $25,000
Capital: $39,616
Transportation out: $160
Discounts: $4,750
Wages and salaries: $1,180
Utilities (including water rates): $1,922
Rent revenue: $32,484
Loan: $185
Gross income: $8,793
Additional information:
Fixtures, fittings, and equipment are to be depreciated at 20% per annum, using the straight line method.
One employee has not yet been paid his wages of $900.
The Water Company has a credit of $160 for payment received in advance.
Mr. Davis rents part of his shop premises to a tenant, who owes $1,500 in rent for the month of March.
Interest is to be calculated on the Loan at the rate of 15% per annum.
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Which accounts would be affected for the following transaction: "Received an invoice from a supplier for repair services performed, final payment due in two weeks"
Debit Bank; Credit Accounts Payable
Debit Repair Expense; Credit Accounts Payable
Debit Accounts Payable; Credit Bank
Debit Repair Expense; Credit Bank
Debit Owner, Capital; Credit Repairs Expense
Answers
Answer:
Debit Bank; Credit Accounts Payable
Debit Repair Expense; Credit Accounts Payable
The company's mission statement tells us...
Answers
Answer:
A company mission statement defines what an organization is, why it exists, its reason for being. At a minimum, your mission statement should define who your primary customers are, identify the products and services you produce, and describe the geographical location in which you operate.
Explanation:
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Drag the tiles to the correct boxes to complete the pairs.
Match the HR processes to the activities involved.
m
Answers
Answer:
Explanation:
HR processes involved to activities:
Employee leasing and outsourcing → Recruitment
Organizing orientation programs → Training
Expanding certain departments ans closing down others → right sizing
Providing paid vacation time to employee → designing compensation package
Explanation: Correct On Plato!!!
what is price elascity of demand?
i,A mearure of the extent to which price changes when the quantity demandes changes
ii,A measure of the extent to which the quantity demanded changes when price changes
iii,A measure of the extent to which total revenue changes when price changes
iv,A measure of the extent to which price changes when total revenue changes
*-CHOOSE THE CORRECT ANSWER-*
Answers
The price elasticity of demand is ii. A measure of the extent to which the quantity demanded changes when the price changes.
Price elasticity of demand (PED) is a concept used in economics to understand how sensitive the demand for a good or service is to changes in its price. It measures the percentage change in quantity demanded in response to a 1% change in price. If the demand is highly responsive to price changes, the demand is said to be elastic. If the demand is less responsive to price changes, it is considered inelastic.
A high price elasticity of demand indicates that consumers are very sensitive to price changes, resulting in a relatively large change in the quantity demanded. This often occurs with goods or services that have readily available substitutes, where consumers can easily switch to alternatives if prices rise.
Conversely, a low price elasticity of demand indicates that consumers are not very responsive to price changes, resulting in a relatively small change in the quantity demanded. This often occurs with goods or services that are necessities or have limited substitutes, where consumers are willing to pay higher prices despite changes in price.
Understanding the price elasticity of demand is crucial for businesses and policymakers in determining pricing strategies, forecasting demand, and assessing the impact of price changes on total revenue. By knowing the price elasticity of demand, producers can adjust prices strategically to maximize revenue or market share based on consumer responsiveness to price changes. Therefore, the correct option is ii.
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WHAT IS Segmentation,
Answers
Answer:
Segmentation is to divide something into separate parts or sections
Matrix Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 23 $ 22 Accounts receivable 39 40 Inventory 43 44 Property, plant, and equipment 587 500 Less accumulated depreciation 359 347 Total assets $ 333 $ 259 Liabilities and stockholders' equity: Accounts payable $ 30 $ 26 Accrued liabilities 15 18 Income taxes payable 39 40 Bonds payable 109 120 Common stock 51 50 Retained earnings 89 5 Total liabilities and stockholders' equity $ 333 $ 259 Income Statement Sales $ 972 Cost of goods sold 620 Gross margin 352 Selling and administrative expense 200 Net operating income 152 Gain on sale of equipment 14 Income before taxes 166 Income taxes 50 Net income $ 116 The company sold equipment for $20 that was originally purchased for $7 and that had accumulated depreciation of $1. It paid a cash dividend during the year and did not issue any bonds payable or repurchase any of its own common stock. Required: Determine the net cash provided by (used in) operating activities for the year using the indirect method.
Answers
Answer:
Check the explanation
Explanation:
Cash flow from operating activities:
Net income $116
Adjustment to reconcile net income to cash basis:
Depreciation expense ($359+1-347) $13
Gain on sale of equipment (14)
Decrease in account receivable (40-39) $1
Decrease in inventory (44-43) $1
Increase in account payable (30-26) $4
Decrease in accrued liabilities (18-15) (3)
Decrease in income tax payable (40-39) (1)
Net cash flow from operating activities $117
Ryan is preparing his business plan for his new business venture. He wants to add the sales forecast in his short-term financial plan. How can he go about doing it? A. B. C. D. E. directly add a targeted sales figure to show the business as profitable exaggerate the sales figure to make it impressive show low sales to invite more help from investors research and analyze the sales of his competitors with the help of trade magazines and salespeople copy the sales figure of the competitors and highlight it
Answers
Answer:
D
Explanation:
D. Research and analyze the sales of his competitors with the help of trade magazines and salespeople.