Answer:
Reiner Corporation
Year 20A Year 20B
Total stockholders' equity $402,000 $406,000
Explanation:
a) Data and Calculations:
Stockholders' Equity:
Year 20A Year 20B
Common stock $400,000 $400,000
Retained earnings: 2,000 6,000
Total stockholders'
equity $402,000 $406,000
Income Statement: Year 20A Year 20B
Sales revenue 20,000 50,000
Total expenses 12,000 36,000
Net income $8,000 $14,000
Retained earnings statement:
Year 20A Year 20B
Beginning retained earnings $0 $2,000
Net income $8,000 $14,000
Dividends 6,000 10,000
Ending retained earnings $2,000 $6,000
(1 point) Your rich uncle bequests to you a continuous, constant income stream of $6000 per year for the next 10 years. The terms of the bequest require that this income stream be paid continuously into a specific savings account that will not be available to you for 10 years. This account earns 5.2% interest, compounded continuously. What is the present value of the bequest
Answer:
The present value of the bequest is:
= $45,883.70
Explanation:
a) Data and Calculations:
Constant income stream per year = $6,000
Period of investment = 10 years
Interest rate earned = 5.2% compounded continuously
From an online calculator:
N (# of periods) 10
I/Y (Interest per year) 5.2
PMT (Periodic Payment) 6000
FV (Future Value) 0
Results
PV = $45,883.70
Sum of all periodic payments $60,000.00
Total Interest $14,116.30
The present value of the bequest is $61,178.27.
Here, we are going to use the MS Excel to determine the present value of the bequest.
Given Information
Rate = 5.2%
Nper = 10
Pmt = -8000
PV = ?
Present value of the bequest = PV(Rate, Nper, -Pmt)
Present value of the bequest = PV5.2%, 10, -8000)
Present value of the bequest = $61,178.2701
Present value of the bequest = $61,178.27
Therefore, the present value of the bequest is $61,178.27.
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Drag each label to the correct location on the image.
Identify the features of stocks and bonds.
coupon rate
face value
closing price
maturity date
Stock
Bond
Answer:
The answer is "face value".
Explanation:
FACE VALUE was its common characteristic of stocks and bonds.
For an inventory, that original cost of stock indicated on the certification was its face value. That facial value for securities refers to the amount paid to the owner just at the expiry date.
Its book value, as well as the factor, is the distinctive function of shares, while the factor of bonds is a discount rate, duration, or factor value.
Answer:
Stock- closing price
Bond- maturity date, coupon rate, and face value
Explanation:
Got it right on the test :)
Loren is in charge of implementing a wellness program for his organization. In formulating the plans for the wellness program, Loren visits and studies a number of other businesses that have successfully implemented such programs. When it is time to actually start the program in his organization, which of the following services or benefits is Loren LEAST likely to include?
a. Smoking cessation programs
b. Nutrition and weight-loss seminars
c. Cancer treatments including chemotherapy and radiation therapies
d. Stress management workshop sessions
Answer:
c. Cancer treatments including chemotherapy and radiation therapies
Explanation:
A wellness.program is defined as a set of activities.aomed at improving the quality of life of individuals through exercise, proper diet, and stress management.
The main idea behind a wellness program is prevention of illness with a healthy routine.
In the given scenario the other options are wellness initiatives except Cancer treatments including chemotherapy and radiation therapies.
This is excluded because it is study of a full blown illness and not preventive strategies to stay healthy.
trade industry short note
Answer:
Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.
A central characteristic of management by objectives (MBO) is that: Group of answer choices employees are given complete freedom to set their own goals as long as they are consistent with guidelines approved by the CEO. it assumes that management must motivate employees, since employees are incapable of motivating themselves. goals are set by top management and followed without question by others within the organization. goals are set through a process involving members of the organization.
Answer:
goals are set through a process involving members of the organization.
Explanation:
Management by objectives (MBO) refers to the management where there is a strategic management model that focuse to improve the organization performance by defining the goals & objectives and the same would be by both management and employees.
so here according to the given options, the last option is correct as it represents the characteristic of the MBO
So the same would be selected
A bank loans Kellie's Print Shop $350,000 to remodel a building near campus to use as a new store. On their respective balance sheets, this loan is
Answer: b. an asset for the bank and a liability for Kellie's Print Shop. The loan does not increase the money supply.
Explanation:
Banks make money by loaning out money to people and companies. This means that loans are an asset to banks because it enables them to generate cash.
Kellie's Print Shop will have to pay back to loan however which means that it is a liability to them because they owe the bank.
This loan will not increase the money supply because if not explicitly stated that it does, we assume that the loan was made from bank deposits by other bank customers which means that it is already part of the money supply.
Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare mineral. Material and processing costs total $62,000 per ton, one-fourth of which is allocated to product X15. Eight thousand three hundred units of product X15 are produced from each ton of clypton. The units can either be sold at the split-off point for $16 each, or processed further at a total cost of $9,800 and then sold for $19 each.
Required:
1. What is the financial advantage (disadvantage) of further processing product X15?
2. Should product X15 be processed further or sold at the split-off point?
Answer:
1) Financial advantage = $15,100
2) X15 should be processed further because it would generate 15,100
Explanation:
A company should process a product further if the additional revenue from the split-off point is greater than than the further processing cost.
Also note that all cost incurred up to the split-off point are irrelevant to the decision to process further .
$
Sales revenue after further processing
(19×8,300) 157,700
Sales revenue at the split-off point
(16×8,300) 132,800
Additional sales revenue from further processing 24,900
Less further processing cost (9,800)
Financial advantage 15,100
Financial advantage = $15,100
X15 should be processed further because it would generate 15,100
Yellow Press, Inc., buys paper in 1,500-pound rolls for printing. Annual demand is rolls. The cost per roll is $, and the annual holding cost is percent of the cost. Each order costs $. a. How many rolls should Yellow Press order at a time? Yellow Press should order nothing rolls at a time. (Enter your response rounded to the nearest whole number.) b. What is the time between orders? (Assume workdays per year.) The time between orders is nothing days. (Enter your response rounded to one decimal place.)
Answer:
A. 44 rolls at a time
B. 5.8 days
Explanation:
A. Calculation to determine How many rolls should Yellow Press order at a time
Using this formula
EOQ=√2*Annual demand*holding cost /Carrying cost
Let plug in the formula
EOQ=√2*2,750*$35/$625*16%
EOQ=√$192,500/100
EOQ=44 rolls at a time
Therefore How many rolls should Yellow Press order at a time is 44 rolls at a time
B. Calculation to determine time between orders
Time between orders=5.8 days
You are preparing a presentation on networking for a professional development seminar that your company is hosting for its employees. You look at the attendance list and see that you have good relationships with all of the registered seminar participants. Additionally, this presentation is a follow-up presentation that was requested by previous participants. You know you will have a friendly audience.
1. What organizational pattern would be best for this situation?
a. Be brief. Use no more than three points
b. An indirect pattern with minimal audience contact
c. Any pattern, particularly with audience involvement
2. What delivery style should you use?
a. Warm, pleasant, and open
b. Even and slow speech
c. Confident, small gestures
Answer:
c. Any pattern, particularly with audience involvementa. Warm, pleasant, and openExplanation:
As this is a follow-up presentation, it would be best to find out how the participants have fared in relation to the subject since the last presentation. For this reason, the main focus is audience involvement so any patter is fine so long as audience participation is emphasized.
The delivery style that would best work here is a warm, pleasant and open one. This would encourage audience involvement and it can be more easily pulled off because you have good relationships with all the registered participants.
Hotaling Corporation is analyzing a capital expenditure that will involve a cash outlay of $146,040. Estimated cash flows are expected to be $30,000 annually for seven years. The present value factors for an annuity of $1 for 7 years at interest of 6%, 8%, 10%, and 12% are 5.582, 5.206, 4.868, and 4.564, respectively. The internal rate of return for this investment is:
Answer:
The solution shows that a rate of return of 10% which provides an annuity factor of 4.868 generates an NPV which is equal to zero. Thus, our IRR or internal rate of return is 10%.
Explanation:
The IRR or internal rate of return is the rate at which NPV or Net Present Value of the investment becomes zero. We are provided with the initial outlay for the project and the annual cash inflows along with time period. Using the annuity factors given below, we need to find out the factor which makes the NPV zero. The NPV is calculated as follows,
NPV = Present Value of Cash Inflows - Initial Outlay
We can try out each annuity factor and see what NPV is generates.
1. 6% rate (Annuity factor = 5.582)
NPV = (30000 * 5.582) - 146040
NPV = $21420
2. 8% rate (Annuity factor = 5.206)
NPV = (30000 * 5.206) - 146040
NPV = $10140
3. 10% rate (Annuity factor = 4.868)
NPV = (30000 * 4.868) - 146040
NPV = $0
So, from the above solution we can see that a rate of return of 10% which provides an annuity factor of 4.868 generates an NPV which is equal to zero. Thus, our IRR or internal rate of return is 10%
Pacific Ink had beginning work-in-process inventory of $959,660 on October 1. Of this amount, $402,560 was the cost of direct materials and $557,100 was the cost of conversion. The 58,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. During October, 122,000 units were transferred out and 40,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,005,200 for direct materials and $3,786,840 for conversion.
Required:
Compute the costs of goods transferred out and the ending inventory using the weighted-average method.
Answer:
Pacific Ink
Cost of goods transferred out = $6,540,420
Ending inventory = $1,211,840
Explanation:
a) Data and Calculations:
Units Materials Conversion Total
Beginning WIP inventory $402,560 $557,100 $959,660
Costs incurred during the period $3,005,200 $3,786,840 $6,792,040
Total production costs $3,407,700 $4,343,940 $7,751,700
Units in WIP inventory 58,000 30% 30%
Units transferred out 122,000 100% 100%
Ending inventory 40,000 80% 40%
Units started 104,000 (122,000 + 40,000 - 58,000)
Equivalent unit of production Units Materials Conversion
Units transferred out 122,000 122,000 122,000
Ending inventory 40,000 32,000 16,000
Equivalent units 154,000 138,000
Cost per equivalent unit:
Total production costs $3,407,700 $4,343,940
Equivalent units 154,000 138,000
Cost per equivalent unit $22.13 $31.48
Costs assigned to:
Cost of goods transferred out $2,699,860 $3,840,560 $6,540,420
Ending inventory 708,160 503,680 1,211,840
Total costs assigned $3,408,020 $4,344,240 $7,752,260
A company reported total stockholders' equity of $163,000 on its balance sheet dated December 31, 2018. During the year ended December 31, 2019, the company reported net income of $21,700, declared and paid a cash dividend of $5700, declared and distributed a 10% stock dividend with a $6700 total market value, and issued additional common stock for $33,000. What is total stockholders' equity as of December 31, 2019
Answer:
$212,000
Explanation:
Stockholders' equity = December 31, 2018 stockholders'equity + 2019 net income - 2019 cash dividend declarations + 2019 common stock issue
Stockholders' equity = $163,000 + $21,700 - $5,700 + $33,000
Stockholders' equity = $212,000
So, the total stockholders' equity as of December 31, 2019 is $212,000
At the end of the quarter, a company made an adjusting entry to recognize $1000 of interest costs that have been incurred this quarter in constructing a new piece of production equipment. What is the correct journal entry?
A. Dr. interest expense 1000 or Cr. Interestrest Payable $1000.
B. Dr. Equipment $1000 Cr. Interest Payable $1000.
C. No entry is needed.
D. Dr. work in Process $1000 Cr. Interest Payable $1000.
E. Dr. Interest Expense $1000 Cr.Cash $1000.
Answer:
The correct journal entry is:
B. Dr. Equipment $1000 Cr. Interest Payable $1000.
Explanation:
The company will debit the interest cost to its Equipment under construction account with the sum of $1,000 while the Interest Payable is credited with the same amount. The adjustment of the interest cost helps the company to capitalize the $1,000 with a debit to its asset account and a credit to the liability account since the amount has not been paid out to the finance house affected. By capitalizing the interest cost, the asset's value is increased while the interest payable increases the current liability of the company as at the date of the adjustment.
Many unethical behaviors lead to the passage of legislation that makes those
behaviors legal.
TRUE OR FALSE
These unethical behavior examples help identify what is not considered These are just some of the many different examples of unethical behavior that could occur. Double standard which makes it unethical and causes a black eye to law .In verse 14 it says Truth has fallen in the public squares (KJ says streets. So true
Hope this helps have a great day :)
Shareholders, customers, suppliers, and employee groups are considered
A. indirect stakeholders
B. convertible stakeholders
C. direct stakeholders
D. formal stakeholders
Answer: its “direcr stakeholders”
Explanation: bcs it is
Pecan acquires Southern in an acquisition reported as a merger. The acquisition results in $50 million in goodwill. The acquisition cost includes an earnings contingency, valued at $1 million at the date of acquisition. Within the measurement period, additional information on Southern's expected future performance at the date of acquisition reveals that the earnout actually had a fair value of $200,000 at the date of acquisition. The entry to record the new information includes a credit of $800,000 to:
Answer:
Dr Earnings contingency liability $800,000
Cr Goodwill $800,000
Explanation:
Based on the information given the appropiate journal entry to record the new information includes a credit of $800,000 to:Dr Earnings contingency liability $800,000 and Cr Goodwill $800,000 reason been that the acquisition cost is lesser.
Dr Earnings contingency liability $800,000
Cr Goodwill $800,000
A company had net income of $209800. Depreciation expense is $26500. During the year, Accounts Receivable and Inventory increased $16700 and $41500, respectively. Prepaid Expenses and Accounts Payable decreased $4500 and $5500, respectively. There was also a loss on the sale of equipment of $1900. How much cash was provided by operating activities?
Answer:
$2,000
Explanation:
Cash flow from Operating Activities
Net Income $209800
Adjustment to non-cash items :
Depreciation expense $26500
Adjustment for Changes in working capital :
Accounts Receivable ($16700)
Inventory increased ($41500)
Economic Condition
The President &
The federal Reserve Monetary Roller
Fiscal polyester
Government
Rate
1. High Unemployment
Phase
Type of Policy
2. Mation
Phase:
Type of policy
3. Decreasing Production,
Phase:
Type of Policy
4. Prices increasing
Phase:
Type of Policy
5. Economy "overheating”
Phase:
Type of Policy
6. Business Inventories increasing
Rapidly
Phase
Type of Policy
7. Business Sales increasing
Phase
Type of Policy
8. Economy"Cooling or
Phase:
Type of policy
9. Credit and Borrowing Expanding
Phase
Type of Policy
10 Full Employment
Phase
Type of Policy
Explanation:
9. credit and borrowing expanding
The comparative balance sheets of Greenvale Games, Inc. show a net decrease in unexpired insurance of $400 and a net decrease in interest payable of $250. In order to reconcile net income with net cash flow from operating activities, net income should be:
Answer:
$150 increase
Explanation:
According to the scenario, computation of the given data are as follows,
Decrease in unexpired insurance = $400
Decrease in interest payable = $250
So, we can calculate the net income to reconcile by using following formula,
Net income = Decrease in unexpired insurance - Decrease in interest payable
= $400 - $250
= $150 ( Positive means increase)
So, net income should be increased by $150.
In 2016, Amazon began charging a 5.75% sales tax on products it sells in the District of Columbia. Holding all else constant, the effect of this tax would be to _____ in the District of Columbia.
Answer:
b. decrease Amazon sales
Explanation:
Note: "Options the question is attached as picture below"
In 2016, Amazon began charging a 5.75% sales tax on products it sells in the District of Columbia. If we hold all else equal, the effect of this tax would be to decrease Amazon Sales In the District of Columbia.
This action will consequentially increase the sales in local Market and then discourage online shopping along with it In Columbia district; it will decrease sales overall.
A stock's returns have the following distribution: Demand for the Company's ProductsProbability of This Demand OccurringRate of Return If This Demand Occurs Weak0.1(48%) Below average0.2(15) Average0.317 Above average0.331 Strong0.163 1.0 Assume the risk-free rate is 4%. Calculate the stock's expected return, standard deviation, coefficient of variation, and Sharpe ratio. Do not round intermediate calculations. Round your answers to two decimal places. Stock's expected return: % Standard deviation: % Coefficient of variation: Sharpe ratio:
Answer:
Stock's expected return = 12.90%
Standard Deviation = 29.68%
Coefficient of variation = 2.30
Sharpe ratio = 0.30
Explanation:
Note: See the attached excel file for the calculations of the Stock's expected return and Variance.
Given:
Risk-free rate = 4%.
From the attached excel file, we have:
Stock's expected return = Total of Stock's Expected Return = 0.1290, or 12.90%
Variance = Total of F = 0.0880890, or 8.8089%
Standard Deviation = Variance^0.5 = 0.0880890^0.5 = 0.2968, or 29.68%
Coefficient of variation = Standard Deviation / Stock's expected return = 29.68% / 12.90% = 2.30
Sharpe ratio = (Stock's expected return - Risk-free rate) / Standard Deviation = (12.90% - 4%) / 29.68% = 0.30
Troy Engines, Ltd., manufactures a variety of parts for use in its product. The company has always produced all of the necessary parts for its product, including all of the electronic circuits. The company sells 22,000 units of its product per year. An outside supplier has offered to sell electronic circuits to the company for a cost of $35 per unit. To evaluate this offer, the company has gathered the following information relating to its own cost of producing the electronic circuits internally:
Per Unit 14,000 unit per per year
Direct materials $14 $196,000
Direct labor 10 140,000
Variable manufacturing overhead 4 56,000
Fixed manufacturing overhead, traceable 6 84,000
Fixed manufacturing overhead, allocated 9 126,000
Total cost $43 $602,000
Required:
a. Assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 14,000 carburetors from the outside supplier?
b. Should the outside supplier's offer be accepted?
c. Suppose that if the carburetors were purchased, Troy Engines, Ltd., could use the freed capacity to launch a new product. The segment margin of the new product would be $140,000 per year. Given this new assumption, what would be financial advantage (disadvantage) of buying 14,000 carburetors from the outside supplier?
d. Given the new assumption in requirement 3, should the outside supplier's offer be accepted?
Answer and Explanation:
The computation is shown below:
a.
Differential analysis
Particulars Make Buy
Direct material 196000
Direct labour 140000
variable manufacturing
overhead 56000
Fixed manufacturing
overhead (84000 ÷ 3) 28000
Purchase cost (14000 × 35) 490000
Total relevant cost $420,000 $490,000
Financial (disadvantage) is -$70,000
b. No as there is a financial disadvantage
c.
Differential analysis
Particulars Make Buy
Direct material 196000
Direct labour 140000
variable manufacturing
overhead 56000
Fixed manufacturing
overhead (84000 ÷ 3) 28000
Opportunity cost $140,000
Purchase cost (14000 × 35) 490000
Total relevant cost $560,000 $490,000
Financial advantage is $70,000
d. Yes it should be accepted as it is a financial advantage
The following information relates to a product produced by Orca Company: Fixed selling costs are $1,000,000 per year. Although production capacity is 500,000 units per year, Orca expects to produce only 400,000 units next year. The product normally sells for $80 each. A customer has offered to buy 60,000 units for $60 each. The customer will pay the transportation charge on the units purchased. If Orca accepts the special order, the effect on operating profits would be a:
Answer,:
increase in operating income by $840,000
Explanation:
The computation is shown below:
Offer price per unit $60
Less: Variable costs per unit:
Direct materials ($20)
Direct labor ($14)
Variable overhead ($12)
Variable selling $0
Incremental profit per unit (a) $14
Units offered to sell (b) 60,000
Effect on Operating Income (Increase) (a × b) $840,000
Therefore, in the case when the special order is accepted, the effect on operating income would be increase by $840,000
Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. The restaurant is listed for sale at $1,090,000. With the help of his accountant, Bruce projects the net cash flows (cash inflows less cash outflows) from the restaurant to be the following amounts over the next 10 years: Years Amount 1-6 $ 89,000 (each year) 7 99,000 8 109,000 9 119,000 10 129,000 Bruce expects to sell the restaurant after 10 years for an estimated $1,190,000. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Required: 1-a. Calculate the total present value of the net cash flows if Bruce wants to make at least 10% annually on his investment. (Assume all cash flows occur at the end of each year.)
Answer:
$1,048,269.38
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.
When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.
Cash flow in year 0 = $1-,090,000
Cash flow in year 1 = 89,000
Cash flow in year 2 = 89,000
Cash flow in year 3 = 89,000
Cash flow in year 4 = 89,000
Cash flow in year 5 = 89,000
Cash flow in year 6 = 89,000
Cash flow in year 7 = 99,000
Cash flow in year 8 = 109,000
Cash flow in year 9 = 119,000
Cash flow in year 10 = 129,000 + $1,190,000
I = 10 %
NPV = $1,048,269.38
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
trade industry short note
An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. ... Industry comes from the Latin industria, which means "diligence, hard work," and the word is still used with that meaning.
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
Accounts payable $598 Fees Earned $3,129
Accounts receivable 717 Insurance Expense 543
Supplies 500 Rent expense 1,500
Prepaid insurance 2,195 Land 2,773
Cash 2,002 Wages expense 651
Office equipment 1,800 Retained earnings 5,500
Dividends 701 Common stock 5,855
Unearned rent 1,600
Prepare a trial balance. The total of the debits is:
a. $11,200
b. $13,900
c. $12,700
d. $9,700
Indicate how each of the following transactions affects U.S. exports, imports, and net exports.
a. A British scholar spends a year at Harvard University as a visiting scholar.
b. Your parents go on a trip to Japan in late March for the Cherry Blossom season.
c. A Canadian buys a new Ford. Your aunt buys a novel by a British author from a local bookstore.
d. A European family goes to Disney World in Florida for vacation.
Answer:
a. A British scholar spends a year at Harvard University as a visiting scholar.
Foreigners that only spend money in the US increase US exports, increasing net exports alsob. Your parents go on a trip to Japan in late March for the Cherry Blossom season.
Americans spending money on other countries increase US imports, decreasing net exports alsoc. A Canadian buys a new Ford. Your aunt buys a novel by a British author from a local bookstore.
Assuming that the Ford car was built in the US, exports will increase and so will net exports. Buying imported goods increase imports and decrease net exportsd. A European family goes to Disney World in Florida for vacation.
Foreigners that only spend money in the US increase US exports, increasing net exports alsoWhat kinds of barriers get in the way of "following your dreams"?
Answer: A. Individuals may not have the talents or resources to simply do whatever they dream of doing.
The kind of obstacles that prevent people from "following their ambitions" It's possible that some people lack the skills or resources necessary to pursue their dreams.
What kinds of skills are examples?making excellent choices despite having little knowledge. recognizing other people's viewpoints and interacting with various types of people successfully. Setting objectives, keeping track of progress, and making an effort to enhance your job. generating original answers and imaginative concepts to address issues.
What does human resources talent mean?Talent management, which includes a variety of HR procedures throughout the employee life cycle, is the attraction, selection, and retention of personnel. It includes hiring, onboarding, succession planning, learning and development, performance management, workforce planning, and employee engagement.
To Know more about resources
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Answer:
Individuals may not have the talents or resources to simply do whatever they dream of doing.
Explanation: Just took the test
a project partner suggests you make several time consuming edits to your project the day before the deadline, even though she's had the opportunity to review your work all along. would would you do? check all that apply. A review her suggestions and tell her you'll prioritize the most important ones. B suggest that she should have made her suggestions sooner. C message her to tell her you won't have time to address the edits. D thank her for her suggestions but keep the work as it is. E ask for her help addressing the edits
Answer:
A and E
Explanation:
Considering the scenario described in the question, the right action to take in this event are:
1. review her suggestions and tell her you'll prioritize the most important ones: due to deadline which is nearby, the best thing to do during review is to ensure the study is done to the essential part of the project
2. ask for her help addressing the edits: because she's had the opportunity to review the work all along. And she is the one that suggested time-consuming modifications; it is ideal to ask for her input or help make the necessary edits so it will be faster, as she may have seen the needed improvements.
Hence, the correct answer is options A and E.
Wilson Company reported net income of $105,000 for the year ended December 31, 2014. During the year, inventories decreased by $15,000, accounts payable decreased by $20,000, depreciation expense was $18,000 and a gain on disposal of equipment of $9,000 was recorded. Net cash provided by operating activities in 2014 using the indirect method was
Answer:
$109,000
Explanation:
Particulars Amount
Net income $105,000
Add: Depreciation expense $18,000
Less: Gain on disposal of equipment ($9,000)
Add: Inventory decrease $15,000
Less: Accounts payable decrease ($20,000)
Net cash provided by operating activities $109,000