Flounder Corp.’s income statement for the year ended December
31, 2020, had the following condensed information:
| Service revenue | $773,000 | |||
| Operating expenses (excluding depreciation) | $491,000 | |||
| Depreciation expense | 60,000 | |||
| Unrealized loss on FV-NI investments | 4,700 | |||
| Loss on sale of equipment | 12,300 | 568,000 | ||
| Income before income taxes | 205,000 | |||
| Income tax expense | 57,000 | |||
| Net income | $148,000 |
There were no purchases or sales of trading (FV-NI) investments
during 2020.
Flounder’s statement of financial position included the following
comparative data at December 31:
| 2020 | 2019 | |||
|---|---|---|---|---|
|
FV-NI investments |
$21,500 | $26,200 | ||
|
Accounts receivable |
35,500 | 55,100 | ||
|
Accounts payable |
45,500 | 32,000 | ||
|
Income tax payable |
7,100 | 9,200 |
Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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Flounder Corp. Partial Statement of Cash Flows (Direct Method) choose the accounting period For the Month Ended December 31, 2020For the Year Ended December 31, 2020December 31, 2020 |
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select an opening section name Net Cash Provided by Investing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Financing ActivitiesNet Cash Provided by Operating ActivitiesCash Flows from Investing ActivitiesCash at End of PeriodCash Flows from Financing ActivitiesNet Cash Used by Operating ActivitiesNet Increase in CashCash at Beginning of PeriodCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Decrease in Cash |
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select an item Cash Paid For Income TaxesCash Paid To SuppliersSale of EquipmentCash Received from CustomersPurchase of Equipment |
$enter a dollar amount | ||||
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select an item Sale of EquipmentCash Paid For Income TaxesCash Paid To SuppliersCash Received from CustomersPurchase of Equipment |
$enter a dollar amount | ||||
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select an item Cash Paid To SuppliersCash Received from CustomersSale of EquipmentPurchase of EquipmentCash Paid For Income Taxes |
enter a dollar amount | ||||
| enter a subtotal of the two preivous amounts | |||||
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select a closing section name Cash at End of PeriodNet Cash Used by Operating ActivitiesNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Provided by Financing ActivitiesCash at Beginning of PeriodNet Cash Provided by Operating ActivitiesNet Cash Provided by Investing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Used by Investing ActivitiesCash Flows from Financing ActivitiesNet Decrease in Cash |
$enter a total amount for this section | ||||
eTextbook and Media
Assistance Used
Assume that Flounder Corp.’s current cash debt coverage ratio in 2019 was 4.5. Calculate the company’s current cash debt coverage ratio in 2020. (Round answer to 1 decimal places, e.g. 7.5.)
| Cash Debt Coverage Ratio enter Cash Debt Coverage Ratio in times tounded to 1 decimal place times |
In: Accounting
1-)The following client care activities need to be completed. It would be most appropiate for the nurse to assign UAP:
a) apply a continuous passive motion (CPM) device to the affected extremity of a client who had a total knee replacement
b) change the bed lines for a client who was admitted 1 hour ago following a closed-head injury and is comatose
c) reposition a client with hydrocephalus who has a headache and is vomiting
d) place in the prone position a client who had an above-the-knee amputation (AKA) 1 day ago
2-) The nurse is planning a staff education conference about infection control guidelines. Which of the following information about alcohol-based hand rub should the nurse include?
a) Use before touching medical equipment that will come in direct contact with the client
b) Avoid using when moving your hands from contaminated body site to a clean body site during client care
c) Avoid using before caring for clients who have severe neutropenia
d) Use after contact with body excretions that do not cause your hands to be visible soiled
3- The nurse should assess first?
a) Acute lymphoid Leukemia(ALL) whose temperature has changed from 99 F to 100.8 F
b) diabetes mellitus (type 1) whose capillary blood glucose level is 275 mg/dL
c) End- Stage renal Disease (ESRD) who had a urinary output of 2 mL during past hour
d) Chronic Obstructive pulmonary disease(COPD) whose respirations are 24
4- The nurse has attended a staff education conference about caring for clients who are receiving positive-pressure mechanical ventilation. Which of the following statements by the nurse would indicate a correct understanding of the teaching?
a) Client should avoid range-of -motion (ROM) exercises until weaned from ventilation
b) Clients may develop stress ulcers and gastrointestinal bleeding
c) Client will be chemically paralyzed to improve oxygenation
d) Clients will experience diuresis and polyuria
5- The nurse should first asses the client:
a) who had a right pneumonectomy 24 hours ago and is in the high-Flower's position while lying on the right side
b) with COPD who is using pursed-lip breathing and reporting hemoptysis
c) who had a wedge resection of the left lung 24 hours ago and is sitting in the high-flowers position
d) with heart failure who has a productive cough and is restless
In: Nursing
Internal controls – cash The local swimming club wants to raise some money so that it can install a solar heating system at the local pool. The major fundraising event is a pool party - with live music, free BBQ, and amusements for children. Entry to the pool party is $20 per person, with tickets able to be pre-purchased at the swimming pool entry desk before the event, or people can pay $20 at the entry desk on the day of the festival. 2,000 unnumbered tickets were printed, and these were kept in a box at the swimming pool entry desk. As tickets were sold, the money was put into a locked money box kept at the entry desk. A number of swimming pool staff were responsible for organising the event. Each of these people had a key to the money box and were told that if they took money out to pay for event expenses, they need to put a note in the box saying how much they took and what it was used for. Ticket sales were going well, and the money box was getting quite full after three weeks. The swimming pool staff member who was on the entry desk at the pool that day counted the money, prepared the bank deposit slip and deposited the money into the new bank account that had been opened for the fundraising event. On the day before the pool party, unsold tickets were ripped up and disposed of – as they were no longer needed. (If people wanted to come to the pool party and hadn’t pre-purchased a ticket, they would just need to pay $20 entry at the pool entry desk.) On the day of the pool party, one of the swimming club members worked at the pool entry desk, collecting tickets from people attending the party and collected money from people who hadn’t pre-purchased them. As tickets were presented at reception, they were taken from the attendee, ripped up and disposed of. People attending the party were also able to purchase wrist-bands at the entry desk, for unlimited access to the amusements – for $5 per person. As wrist bands were sold, the money was added into the money box. At the end of the pool party, $500 was taken out of the money box and paid to the DJ. The DJ did not provide a receipt. It was estimated that 1,200 people attended the pool party, and there were approximately 200 children that had wrist-bands for the amusements. The following day, the fundraising event bank account was closed, which had $3,200 in it, and there was also $1,100 in the money box. The swimming club treasurer was surprised that the pool party had only netted $4,300 in cash. Required: Identify the internal control weaknesses in this scenario, and suggest how each could be corrected.
In: Accounting
Returns for the Alcoff Company over the last 3 years are shown below. What's the standard deviation of the firm's returns? (Hint: This is a sample, not a complete population, so the sample standard deviation formula should be used.)
| Year | Return |
| 2010 | 21.00% |
| 2009 | −12.50% |
| 2008 | 26.00% |
Select the correct answer.
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In: Finance
Deutsch LA developed a campaign called "Punch Dub" which was launched with a 30-second commercial during the 2010 Super Bowl. The objective of this campaign was to:
Group of answer choices
use a celebrity spokesperson to present the new product line
showcase the Under Armour product line
create awareness of the VW product line
A and C are both correct
None of the above statements is correct.
In: Economics
consult the plot of efficiency of solar cells prepared by the National Renewable Energy Laboratory (NREL). As of 2010, the ______________ cell has the highest efficiency and _____________ cells have the lowest efficiency. (Fill in the blanks.)
Select one:
a. single crystal Si; dye-sensitized
b. two-junction concentrator; inorganic;
c. three-junction concentrator; organic
d. single-junction concentrator; amorphous Si:H
In: Physics
The Arab Spring was a revolutionary wave of demonstrations and protests(both non-violent and violent), riots, and civil wars in the Arab world that began on 18 December 2010 and spread throughout the countries of the Arab League and surroundings. The Arab Spring did not produce major advances towards democracy, but it did play a role in regional destabilization. Discuss the validity of this statement with a focus on three countries in the region.
In: Economics
find both the arithmetic growth rate and the geographic growth rate of the dividends for Custers ice cream shoppes.
year. dividends
2001.
$1.46
2002. $2.37
2003. $3.15
2004. $4.34
2005. $5.05
2006. $6.25
2007. $7.25
2008. $8.14
2009. $7.68
2010. $6.57
what is arithmetic growth rate of the dividends for Custers ice cream shoppes?
In: Finance
Use the data using the Lane and Milesi-Ferrtti index to compare the following countries in their de facto openness for the period 2000-2010. USA, China, Germany, Brazil, India, Russia, Phillipines. The Data is too much for me to be able to paste it here, If you dont have access to it, can you tell me how to get the "De Facto Openness" or how to calculate it?
In: Economics
How much heat is required to change a 49.1 g ice cube from ice at -10.2°C to water at 36°C? (if necessary, use cice=2090 J/kg°C and csteam= 2010 J/kg°C)
How much heat is required to change a 49.1 g ice cube from ice at -10.2°C to steam at 118°C?
In: Physics