In 2020 and 2019, your cash was 4,563 and 3,597, your accounts receivables were 7,531 and 6,423, and your inventory was 10,235 and 11,563. Similiarly, in 2020 and 2019 your accounts payable was 8,423 and 5,789, and your other current liabilities were 7,413 and 10,356. Lastly from the balance sheet, in 2020 and 2019 your net fixed assets were 74,562 and 71,246. In 2020 your net sales were 111,425, your costs of good sold was 38,999, rent was 48,543, and depreciation was 2,015. You paid interest of 1,728 and your tax rate was 20.36%. What is cash flow from assets (i.e. free cash flow) in 2020?
-4,786
10,452
11,453
13,396
-8,476
5,478
In: Finance
Reed Corp. sells $500,000 of bonds to private investors on January 1, 2020. The bonds are due in five years, have a 8% coupon rate, and interest is paid semi-annually on June 30 and December 31. The bonds were sold to yield 6%.
Required:
1 Determined the bond issue prince.
2 Prepare journal entry to record the interest payment on June 30, 2020.
3 Prepare journal entry to record the interest payment on December 31, 2020.
4 What was the bond interest expense reported in Reed’s 2020 income statement?
5 How would the bonds be reported on the balance sheet on December 31, 2020, the fiscal year-end?
In: Accounting
This information is available for Bramble Corp. for 2018, 2019,
and 2020.
|
2018 |
2019 |
2020 |
||||
| Beginning inventory | $ 115,000 | $ 314,500 | $ 411,500 | |||
| Ending inventory | 314,500 | 411,500 | 477,000 | |||
| Cost of goods sold | 901,000 | 1,126,000 | 1,301,000 | |||
| Sales revenue | 1,208,000 | 1,599,500 | 1,892,500 |
a) Calculate inventory turnover for Bramble Corp. for 2018, 2019, and 2020. (Round answers to 2 decimal places, e.g. 1.52.)
b) Calculate days in inventory for Bramble Corp. for 2018, 2019, and 2020. (Round answers to 1 decimal place, e.g. 1.5. Use 365 days for calculation)
c) Calculate gross profit rate for Bramble Corp. for 2018, 2019,
and 2020. (Round answers to 0 decimal places, e.g.
125%)
In: Accounting
Journal entries for the following scenarios:
| 2/29/2020 | Defer revenue | Phone Consulting services recorded on invoice #1009 for $875 for Rooney Enterprises were deemed unearned as of 2/28/2020. Use journal entry 15 to defer this revenue. | |
| 2/29/2020 | Accrue depreciation | Depreciation Expense of $1,700 ($850, $500, and $350 for Building, Furniture & Fixtures, and Machinery & Equipment, respectively). Use journal entry 17 to record this depreciation. | |
| 2/29/2020 | Accrue revenue | Phone Consulting services of $3,500 were performed on 2/28/2020 for a new customer, Rigel Works, but not invoiced or recorded into the accounting records. Use journal entry 18 to accrue this revenue. |
In: Accounting
Bill and Betty have two children with Down syndrome.
Bill’s brother has Down syndrome. His sister has two children with Down syndrome.
On the basis of these observations, indicate which of the following statements are most likely correct and which are most likely incorrect.
Explain your reasoning (Hint: Is the Down syndrome seen here likely familiar Down syndrome?)
a. Bill has 47 chromosomes.
b. Betty has 47 chromosomes.
c. Bill and Betty’s children each have 47 chromosomes.
d. Bill’s sister has 45 chromosomes.
e. Bill has 46 chromosomes.
f. Betty has 45 chromosomes.
g. Bill’s brother has 45 chromosomes.
In: Biology
1.List down at least 3 Filipino entrepreneurs and examine their personal entrepreneurial competencies.
2. List down at least 3 competencies and explain how
this competencies help them to success.
In: Economics
One sample proportion hypothesis test:
Outcomes in : Gender
Success : Female
p : Proportion of successes
H0 : p = 0.5
HA : p ≠ 0.5
Hypothesis test results:
| Variable | Count | Total | Sample Prop. | Std. Err. | Z-Stat | P-value |
|---|---|---|---|---|---|---|
| Gender | 399 | 697 | 0.57245337 | 0.01893885 | 3.8256478 | 0.0001 |
In: Statistics and Probability
this as a whole question 1, answer all parts please
a)Show that the derivative of f(x) = 6+4x^2 is f(x)'=8x by using the definition of the derivative as the limit of a difference quotient.
b)If the area A = s^2 of an expanding square is increasing at the constant rate of 4 square inches per second, how fast is the length s of the sides increasing when the area is 16 square inches?
c)Find the intervals where the graph of y = x^3-5x^2+2x+4 is concave up and concave down, and find all the inflection points.
d)Find all the relative maximum and/or relative minimum values and points of F(x) = (x^4/3)-2x^2
e)Find all the relative maximum and/or relative minimum values and points of F(x)=x^4-4x on the closed interval [0,4]
f)A particle moves along the x-axis with an acceleration given by a(t)=4t + 7, where t is measured in seconds and s (position) is measured in meters. If the initial position is given by s(0) = 4 and the initial velocity is given by v(0) = 7 then find the position of the particle at t seconds.
g)Find the maximum value of xy if it is required that 7x + 1y = 62
In: Math
In: Finance
|
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials):
Inventory balances at the beginning and end of the year were as follows:
The total manufacturing costs for the year were $680,000; the cost of goods available for sale totaled $745,000; the unadjusted cost of goods sold totaled $664,000; and the net operating income was $32,000. The company’s underapplied or overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) |
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(PLEASE BREAK IT DOWN DON'T JUST GIVE ME A NUMBER WITHOUT SHOWING THE WORK WHERE ALL NUMBERS CAME FROM PLEASE)
A-HOW DO I CALCULATE SALES?
B-WORK IN PROGRESS BEGINNING
C-FINISHED GOODS ENDING
D-DIRECT LABOR
In: Accounting