A functional test analyses certain aspects of a plan to see how well they work (and how well-prepared personnel are).
What is functional test?
Functional testing is a sort of black box testing and a process for quality control that bases its test cases on the requirements of the software component being tested. Internal programme structure is rarely taken into account while testing functions; instead, input is often provided, and the output is then examined.
Functional testing is a sort of testing that aims to determine whether each application feature functions in accordance with the needs of the target. To determine whether a function's output is in line with the expectations of the end user, each function is compared to the associated requirement.
To know more about functional test, click here- brainly.com/question/27903805
#SPJ4
record the declaration of a cash dividend of $0.30 per share to all shares outstanding on january 29
When recording the declaration of cash dividend of $0.30 per share, the dividend account will be debited and the retained earnings out of which the dividend has been paid will be credited in the journal entry related to the same amount in this financial transaction.
The journal entry in the format of general journal has been mentioned as below for better reference.
Date General Journal Debit Credit
January 29 Dividends Ac. DR. $0.30
To, Retained Earnings $0.30
Learn more about journal entries here:
https://brainly.com/question/20421012
#SPJ4
TRUE/FALSE preemployment drug testing tends to discourage drug users from applying for jobs or for applying with companies that perform drug tests.
The answer is true that is pre-employment drug testing discourages drug users for applying for jobs.
What is pre-employment drug test?A prospective hire's drug use or abuse of prescribed medications is discovered through a pre-employment drug test. It can also be used for workers who are returning to their jobs after an illness or injury; in this case, it's known as a pre-placement drug test.
Despite the fact that drug use is fairly widespread in the United States, many employers conduct drug tests on applicants before hiring them because of the danger and legal issues associated with drug use.Pre-employment drug testing tends to deter drug users from looking for jobs or applying with companies that do drug tests, hence the answer is "yes." Drug users frequently want to avoid the humiliation of attending a job interview only to be informed that their drug use disqualifies them.
As a result, drug users are less likely to apply for jobs where drug testing is required.
Learn more about pre-employment testes here:
https://brainly.com/question/29418682
#SPJ4
Which of the following by itself is consistent with the directions that the price level and real GDP changed at the onset of the Great Depression?:a. aggregate demand shifted right.b. aggregate demand shifted left.c. aggregate supply shifted right.d. aggregate supply shifted left.
The price level may rise, fall, or remain the same as real GDP falls.
What changes occurred to GDP during the Great Depression?
Between 1929 and 1933, real GDP declined by 29%. In 1933, the unemployment rate peaked at 25%. 25% decrease in consumer prices 32% of wholesale prices went down. Exactly 7,000 banks, almost 33% of the financial framework, bombed somewhere in the range of 1930 and 1933.
How much was the GDP when there was a Great Depression?
GDP in the United States dropped to just 57 billion U.S. dollars in 1933, the lowest level ever recorded, before rising shortly before the Second World War.
To learn more about real GDP here
https://brainly.com/question/15682765
#SPJ4
Stock splits and stock dividends have the following effects on Total Stockholders' Equity:
Select one:
a. Stock Splits DECREASE | Stock Dividends DECREASE
b. Stock Splits INCREASE | Stock Dividends NO CHANGE
c. Stock Splits NO CHANGE | Stock Dividends DECREASE
d. Stock Splits NO CHANGE | Stock Dividends NO CHANGE
The following impacts stock splits and dividends have on total stockholders' equity Stock Dividends remain unchanged as Stock Splits rise. Hence, Option B is correct.
A stock split is a corporate move in which a corporation issues more shares to present shareholders in order to increase the number of outstanding shares.
Splitting a stock can increase trading liquidity and appear to be a more inexpensive investment. The number of outstanding shares rises and the price per share falls correspondingly in a stock split, while the market capitalization and value of the company remain constant.
Even when the company's fundamental worth has not altered, a stock split may make the shares appear more reasonable. Additionally, it might make the stock more liquid.
Therefore, Option B is correct.
Learn more about stock splits from here:
https://brainly.com/question/14333920
#SPJ4
as the service level increases, the probability of not running out of stock during a cycle decreases.
As the service level increases, the probability of not running out of stock during a cycle decreases. This statement is TRUE.
What is service level?
The cycle service level in supply chain is the anticipated likelihood that a stock-out won't occur during the subsequent replenishment cycle, and as a result, it is also the likelihood that sales won't be lost. The lead time is inherently related to the cycle duration. The probability of being able to meet client demand without experiencing a backorder or missed sale can also be used to define service level. While a 100% service level—that is, serving every customer all the time—might seem ideal, it is typically not a practical choice.
To know more about demand refer:
https://brainly.com/question/14456267
#SPJ4
Which of the following strategies has the shortest delivery lead time and the least customer input?a) Assemble-To-Orderb) Make-To-Orderc) Make-To-Stockd) Configure-To-Order
Assemble to order has the shortest delivery lead time and the least customer input.
What is Assemble to order?
Assemble-to-order (ATO) is a business manufacturing strategy in which customers buy quickly produced things that may include some personalization. The basic parts of the product must typically be manufactured but not assembled. The parts are quickly assembled after receiving an order, and the final product is subsequently sent to the customer.
The assemble-to-order method (ATO) combines the make-to-stock strategy (MTS) with the make-to-order strategy (MTO). When adopting a make-to-stock method, the entire batch of product is prepared in advance. The objective is to build an inventory that matches anticipated or assumed consumer demand. Setting a production target, building up inventory, and attempting to sell as many finished items as you can are the processes in this process.
to learn more about Assemble to order click:
https://brainly.com/question/14698669
#SPJ4
There are five ways in which the complexity increases as three or more parties simultaneously engage in negotiation. One of those listed below is not a correct statement. Which one?
A) There are simply more parties involved in the negotiation.
B) More parties bring more issues and positions to the table, and thus more perspectives must be presented and discussed.
C) When negotiations become socially more complex, the social norms emerge that affect member participation, which reduces the stronger pressures to conform and suppress disagreement.
D) As the negotiations become procedurally more complex, the parties may have to negotiate a new process that allows them to coordinate their actions more effectively.
E) As the negotiations become more strategically complex, the parties must monitor the moves and actions of several other parties in determining what each will do next.
The correct response is C). When negotiations become socially more complex, the social norms emerge that affect member participation, which reduces the stronger pressures to conform and suppress disagreement.
A disagreement about/over the price of the work: We got into a disagreement about/over the price of the work. Literary critics were completely divided (about the value of the book). Synonyms, antonyms, and examples in a thesaurus. The two neighbours got into heated arguments. Factual differences fall under this category. For instance, there may be a difference of opinion over whether the earth is spherical or flat. The second kind of conflicts involves a suggested plan of action, such whether to visit Greece or Italy. Conflict is a heated argument and disagreement about a significant issue. Conflict occurs when two individuals or organizations have a significant disagreement or argument and have not yet come to a resolution. Information conflicts, values conflicts, interest conflicts, interpersonal conflicts, and structural conflicts are the five basic causes of conflict. Conflicts over information occur when persons have conflicting or incomplete information or disagree on the information's relevance.
Learn more about disagreement here
https://brainly.com/question/24770699
#SPJ4
pop culture clothiers, inc., sells t-shirts to trendwell stores, inc., under an existing contract. when textile costs increase, trendwell agrees to a price increase, but later wants to cancel the contract. trendwell may cancel the contract immediately. cancel the contract only after accepting a final shipment. cancel the contract only on reasonable notice. not cancel the contract.
The brand may revoke the written revision to raise the price if there are any missing considerations.
This can happen if, despite the fact that the price was predetermined by their previous contract, the brand accepts in the written agreement to a price increase requested by trend. If a brand violates one or more of the contract's specified requirements, you may be entitled to terminate the agreement. Contract termination is referred to as a "breach" in the legal community, but in order to do so, you must establish that there was a significant breach. Delicioso is not permitted to cancel the contract because a new contract supersedes the previous one and bears the new price rise. Deliciso will suffer a loss if it decides to cancel the contract since it would be required to pay damages and other penalties for breaking the agreement with Coffee Roasters Inc. Delicioso must complete the contract before renegotiating another one in light of this.
Learn more about Contract termination here:
https://brainly.com/question/28872978
#SPJ4
which of the following should not be on a company's menu of actions to consider in crafting a strategy of social responsibility?
Actions that prioritise shareholder returns and profits over commitments to the environment, communities, and workers should not be on a company's menu of actions to consider in crafting a strategy of social responsibility.
What is social responsibility?
A person has a moral obligation to work and collaborate with other people and organisations for the good of the community that will inherit the world they leave behind. This is known as social responsibility.
Every person has a responsibility to uphold the balance between the economy and the ecosystem in which they live. There may be a trade-off between material economic development and the welfare of society and the environment. Social responsibility applies to everyone whose actions have an impact on the environment, not just businesses. It strives to remove obstacles and guarantee safe healthcare for residents in remote areas.
To know more about social responsibility, click here- brainly.com/question/12951431
#SPJ4
which of the following individuals would be allowed survivorship income benefits under social security?
A widow or widower age 60 or older (age 50 or older if they have a disability). A surviving divorced spouse, under certain circumstances. A widow or widower at any age who is caring for the deceased's child who is under age 16 or has a disability and receiving child's benefits.
The state of getting lost one's partner to death is termed widowhood.[1] An archaic time period for a widow is "relict,"[2] actually "a person left over". This phrase can now and again be found on older gravestones. The phrase "widow" comes from an Indo-ecu root that means "widow" and has cognates throughout Indo-eu languages. The male form, "widower", is first attested inside the 14th century, through the 19th century supplanting "widow" close to guys.[3]The phrase "widow" comes from an Indo-ECU root that means "widow" and has cognates throughout Indo-eu languages.
Learn more about widow here
https://brainly.com/question/28658815
#SPJ4
ch. 20 problems and applications q10 suppose that congress passes a law requiring employers to provide employees some benefit (such as healthcare) that raises the cost of an employee by $2 per hour. assume that firms were not providing such benefits prior to the legislation.
If the cost of an employee rises by $2 per hour, the demand for labor falls as employees find it more expensive to hire laborers, while the supply of labor rises as more workers are willing to work.
Wage rates have fallen as a result of increased supply and decreased demand, as shown in the graph. As a result, both employers and employees have suffered. As a result, the given statement is false.
If the market wage was $1 above the minimum wage before the mandate, the wage rate with the employer mandate will be $9 per hour, resulting in a decrease in employment and an increase in unemployment.
The correct statements are as follows:
The equilibrium labor quantity will decrease.The labor supply curve remains unchanged.Employers are worse off now than they were before the mandated benefit.To learn more about Wage rate, please refer:
https://brainly.com/question/28429712
#SPJ4
corbin appliance group has decided to adopt the six sigma approach. by doing this, the company will be able to___
Corbin appliance group has decided to adopt the six sigma approach. by doing this, the company will be able to Recycle returned product. Using the Six Sigma methodology, businesses can increase the efficiency of their business operations.
A collection of methods and equipment for process improvement is called Six Sigma. While employed by Motorola in 1986, American engineer Bill Smith introduced it. By locating and eliminating the sources of errors and reducing variability in production and business processes, Six Sigma initiatives aim to increase manufacturing quality. This is accomplished by employing empirical and statistical quality management techniques as well as Six Sigma professionals. Each Six Sigma project has a set methodology and clear value objectives, like lowering pollution levels or raising customer happiness. This improvement in performance and decrease in process variance contributes to the reduction of defects as well as an improvement in revenue, employee morale, and product or service quality. There are numerous examples of this, including the recycling of materials, the use of affordable and practical everyday materials, speeding up each cycle, and first lowering, then eliminating production flaws. Since the product quality will significantly improve as a result of Six Sigma, both customer happiness and customer service will generally increase.
Learn more about six sigma here
https://brainly.com/question/22365873
#SPJ4
Which of the following is not deductible from income from business and profession?
The expense of lobbying is not deducted from commercial and professional revenue.
What are the expenses of lobbying?spending on lobbying Any sum paid or expended by the institution in putting on propaganda or otherwise trying to influence legislation is referred to as a "lobbying expenditure." In a letter to a congress person, a Duke official requests that they abstain from voting on an adjustment that will be presented during the bill's discussion.
Can you write off lobbying costs?Research for, preparation for, planning for, or coordination of any of the aforementioned activities, as well as any other costs paid or spent in accordance with lobbying of political activities, are not deductible. No one person could possible hope to gain access to the government legislatures without the help of lobbying.
To know more about expense of lobbying visit:
https://brainly.com/question/29604002
#SPJ4
Suppose that the corn market is purely competitive. If the corn farmers are currently earning negative economic profits, then we would expect that in the long run the market's:
Supply curve will shift to the _____
Assume that there is just competition in the corn market. If maize growers are currently experiencing a loss, we can anticipate that the market's supply curve will eventually shift to the LEFT.
when businesses are long-term viable in a perfectly competitive market?
In a world with perfect competition, enterprises never make a profit. Long-term accounting profits are something that businesses can achieve, but profitability are something else.
What will transpire over time if enterprises engaged in perfect competition suffer losses? Due to the failure of some vendors, demand will spike and costs will increase.
When a corporation engages in pure competition, what does its price equal in the long run?
When a market is competitive and in lengthy equilibrium, each firm's net gain is equal to zero. Furthermore, this implies that the
To know more about corporation click here
brainly.com/question/14656092
#SPJ4
You can decrease the cash cycle by: improving the cash discount offered to customers who pay their accounts early. increasing the percentage of customers paying with credit rather than cash. increasing the amount of raw materials kept in inventory. paying your suppliers earlier to receive a discount on your purchases. increasing your inventory to prevent stock-outs.
Cash cycle, a measure of liquidity of company, can be decreased by better cash discounts for early paying customers.
What does cash cycle mean?Also known as the cash conversion cycle (CCC), it's the time between buying the raw materials used to make a product and selling the product to make money.
It's one of the best ways to check your company's sales efficiency. It helps companies quickly know how to buy, sell, and receive cash. A low or (better yet) negative CCC means that working capital has not been tied up for a long time and the business is highly liquid.
How do you calculate cache cycles?Cash Conversion Cycle = DIO + DSO - DPO
DIO stands for Days Inventory Outstanding. DSO stands for Days Sales Outstanding. DPO stands for Days Payable Outstanding.
To learn more about Cash Conversion Cycle visit:
https://brainly.com/question/13994503
#SPJ4
Which of the following is not a question that will help assess your financial condition as you approach retirement?
We can save according to our retirement plan, moving from safe investments to unstable, growth-type investments the following isn't a question on the way to assist assess our economic circumstance as you approach retirement.
\
Funding is an asset or item gathered with the intention of generating earnings or popularity. In a monetary outlook, an investment is the acquisition of goods that aren't consumed today but are used in the future to generate wealth.
Investment. The act of redirecting sources from being eaten up today so that they will create advantages in the future the use of belongings to earn profits or profit financial device. The system lets in the transfer of money between the savers and debtors.
Learn more about investments here
https://brainly.com/question/25790997
#SPJ4
an example of an m-form organization is one in which: group of answer choices o each division performs a single task for the firm o each division performs all the tasks necessary to serve a particular type of customer o each division performs all the tasks necessary to serve all the customers of a particular geographical area o all of the above o both b & c
M-form corporations are multi-divisional organisations where each division is a geographic or product unit in charge of its own operations and profits while the corporate head office sets overarching strategy and oversees the divisions.
What are M-form organisations?A multi-divisional model of organisation divides a company into a number of partially independent groups that are directed and governed by central goals. M-form corporations are multi-divisional organisations where each division is a geographic or product unit in charge of its own operations and profits while the corporate head office sets overarching strategy and oversees the divisions. Functional, multi-divisional, flat, and matrix structures are the four different forms of organisational structures. Although the majority or all of the M-form organization's operations are in the same or closely comparable industries to those of the H-form organisation, it is also known as the divisional design. A related diversification corporate strategy is implemented using the M-form design. In this instance, a mechanical contracting company.
To learn more about M-form corporations click,
https://brainly.com/question/29744058
#SPJ4
costs to restore land or other property to its original condition after extraction of the natural resources ends
Costs to restore land or other property to its original condition after extraction of the natural resource's ends are called Restoration costs.
What is Restoration costs?
The charges associated with carrying out Restoration Actions are referred to as Restoration Costs. The definition of "Restoration Costs" in this section 4.29 shall apply. Restoration fees are the expenses that the tenant really incurred to fix and restore the tenant improvements and any alterations they made to the premises.
What is ecological restoration?
Ecological restoration is the procedure used to restore natural areas whose biological communities and ecosystems have been damaged or lost. Humans have imported invasive species, changed natural communities to extractive usage, and transformed local native plant and animal populations in many ecosystems.
To know more about restoration, click here- brainly.com/question/11669315
#SPJ4
which of the following terms identifies the process of reviewing log files for suspicious activity and threshold compliance?
Auditing is the process of reviewing log files for suspicious activity and threshold Compliance.
An audit is an "impartial exam of monetary statistics of any entity, whether income orientated or not, no matter its length or prison shape while such an exam is performed to be able to specific an opinion thereon.” Auditing also tries to make certain that the books of bills are well maintained via the concern as required by using the regulation. Auditors don't forget the propositions earlier than them, gain proof, and evaluate the propositions of their auditing record.
Audits offer a third-celebration warranty to numerous stakeholders that the difficulty remembering is free from cloth misstatement. The term is maximum frequently applied to audits of the economic information relating to a criminal man or woman. different usually audited regions consist of secretarial and compliance, inner controls, first-class management, challenge control, water control, and strength conservation. because of an audit, stakeholders may additionally compare and improve the effectiveness of threat management, management, and governance over the difficulty be counted.
To learn more about Auditing visit here:
brainly.com/question/14652228
#SPJ4
Assessing Financial Statement Effects of Passive and Equity Method Investments
On January 1, 2018 Ball Corporation purchased shares of Leftwich Company common stock.
(a) Assume that the stock acquired by Ball represents 15% of Leftwich's voting stock and that Ball has no influence over Leftwich's business decisions. Use the financial statement effects template (with amounts and accounts) to record the following transactions:
(1) Ball purchased 5,000 common shares of Leftwich at $15 cash per share.
(2) Leftwich reported annual net income of $40,000.
(3) Ball received a cash dividend of $1.10 per common share from Leftwich.
(4) Year-end market price of Leftwich common stock is $19 per share.
Use negative signs with answers when appropriate.
The financial statement effects template is given as :
It is a double-entry concept that helps us understand each transaction and its impact on the company's financial statements.
Balance sheet
Transaction cash asset + non-cash = liability + contributed capital + earned capital
1 -75000+ 75000 = 0 +0+0
2 0+ 40000 = 0+0+ 40000
3 5500 +0 = 0+0+ 5500
4 0 +20000 = 0+ 0 + 20000
Income statement
Transaction Revenue - Expense = Net Income
1 0 -0 = 0
2 40000 - 0 = 40000
3 5500 - 0 = 5500
4 20000 +0 = 20000
From the above financial statement effect template, we can understand the company's business decisions clearly.
To know more about Financial statements effect template,
brainly.com/question/15583822
#SPJ4
what restriction would the government impose in a closed economy?
The type of restriction that a government would impose in a closed economy are:
restriction of trade with countriesestablish import costsretain traditional traditions solelyoutlaw private landholding.What is a closed economy?Basically, a closed economy means a country that produces all of its own goods and services and does not participate in international trade. This type of economies are virtually nonexistent today although some countries come closer than others to having one.
In countries with open economies, some governments may close off a specific sector or industry from international competition through the use of quotas, subsidies, and tariffs; but this practice often referred to as protectionism.
Read more about closed economy
brainly.com/question/3776956
#SPJ1
Whereas acknowledging others means you are interested in their ideas, endorsement means that you agree with themTrue/False?
" Whereas acknowledging others means you are interested in their ideas, endorsement means that you agree with them." This statement is True.
the act of pronouncing which you approve of or assist something or someone: The campaign hasn't received any political endorsements. He was hoping to a comfy brief endorsement of the plan from the president. An endorsement is a form of public guidance or approval. Endorsements are given to politicians and merchandise. in case you provide something an endorsement, you're basically pronouncing "I approve of this person or product." Celebrities provide politicians an endorsement if they think you should vote for them.
A signature is an endorsement. for example, whilst corporation problems a payroll check, it authorizes or endorses the transfer of cash from the business account to the employee. The act of signing the take look at is taken into consideration an endorsement, which serves as proof of the payer's purpose to switch funds to the payee.
Learn more about endorsement here: https://brainly.com/question/12553811
#SPJ4
Which of the following is a tax credit that can reduce an individual's assessed tax below zero?
Tax credits that are refundable tax have the potential to lower an individuals personal estimated tax below zero.
Why is tax refundable?The term "refundable" refers to tax credits that, if you are eligible for them and their value exceeds the tax you must pay, you will be given a reimbursement for the difference. For instance, you would get a $200 refund if your tax debt was $800 and you were eligible for the a $1,000 refundable credit.
What does refundable tax serve?The Refundable Tax Rate On Hand is a well before of tax on asset dividends, which explains why. The idea is to eliminate the tax benefit that may be deferred if a person received investment income in the shape of dividends from a private corporation.
To know more about refundable tax visit:
https://brainly.com/question/28945934
#SPJ4
a company had collected $3,000 in advance for services to be provided throughout the year. at december 31, an analysis of the unearned services revenue account showed that one-third of the services were earned during the year. the entry to record this adjustment will include which of the following entries:
A $1,000 credit is made to the services revenue, while a $1,000 debit is made to the unearned services revenue.
When an organization pre-paid their insurance, did it record it as prepaid insurance?$1,200. Prepaid insurance is increased and cash is decreased when a corporation pays in advance for it. This exchange of assets is a transaction.
What two categories of income are unearned?Investment-type income, such as taxable interest, regular dividends, and capital gain distributions, is categorized as unearned income. In addition, it covers taxable social security benefits, unemployment benefits, pensions, annuities, debt forgiveness, and distributions of unearned income from trusts.
To know more about revenue visit:-
https://brainly.com/question/8645356
#SPJ4
if an agent has represented himself or herself as possessing special skills, the agent is expected to use them. a. true b. false
If an agent has represented himself or herself as possessing special skills, the agent is expected to use them. (a)true
Specialized skills are specific talents or abilities you have that make you a qualified candidate for a job. They may relate directly to the position, such as technical or practical skills, or they may have a more generalized purpose that makes them useful in many settings.
What are possessed skills?
Here are the seven essential employability skills with examples:
Positive attitude. Being calm and cheerful when things go wrong.Communication. You can listen and say information clearly when you speak or write.Teamwork.Self-managementWillingness to learn. Thinking skills (problem solving and decision making)Resilience.learn more about possessed skills to visit this skill
https://brainly.com/question/87047
#SPJ4
Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses FORTEN COMPANY Comparative Balance Sheets December 31 Current Year Prior Year Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets 66,400 82,380 292,156 1,320 442,256 146,500 $84,500 61,625 262,800 2,115 411,040 119,000 42,125) 51,500) $546, 631 $478,540 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term notes payable Total liabilities Equity Common stock, $5 par value Paid-in capital in excess of par, common stock Retained earnings $131,175 64,141 13,300 77,441 139,375 59, 750 199,125 136,94.1 161,250 179,250 54,000 176,440 118,165 FORTEN COMPANY Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses $637,500 296,000 341,500 Depreciation expense 31,750 143,400 175,150 Other expenses Other gains (losses) Loss on sale of equipment Income before taxes Income taxes expense Net income 16,125) 150,225 39,650 $110,575 Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $16,125 (details in b) b. Sold equipment costing $79,875, with accumulated depreciation of $41,125, for $22,625 cash c. Purchased equipment costing $107,375 by paying $52,000 cash and signing a long term note payable for the balance d. Borrowed $5,100 cash by signing a short-term note payable e. Paid $55,625 cash to reduce the long-term notes payable f. Issued 3,600 shares of common stock for $20 cash per share g. Declared and paid cash dividends of $52,300 Required: 1. Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) FORTEN COMPANY Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations: Cash flows from investing activities 0 Cash flows from financing activities: 0 0 Net increase (decrease) in cash Cash balance at December 31, prior year Cash balance at December 31, current year 0
Cash at the end of year $66,400
What is Forten Company's current year income statement?Cash flow from all activities -$18,100
Cash at the starting of the year $84,500
Cash at the end of year $66,400
The indirect way of creating a comprehensive statement of cash flows using a spreadsheet.
FORTEN COMPANY
Statement of Cash Flows
For the Year ended December 31
Cash Flow from Operating Activities:
Net Income $110,575
Translation of net income to working capital from operating activities adjustments:
Depreciation $31,750
Loss on sale of Equipment $16,125
Increase in Accounts Receivables -$20,755
($61625 - $82380)
Increase in Inventory -$29,356
($262800-292156)
Decrease in Prepaid Expenses $795
($2115-1320)
Decrease In Accounts Payable -$67,034
($64141 - $131175)
Increase in Short term note payable $5,100
($13300-8200)
Total Adjustments -$63,375
From Operating Activities Net Cash Flow (A) $47,200
Cash Flow from Investing Activities:
Cash Received from sale of Equipment $22,625
Purchase of Equipment (In cash) -$52,000
Inflow of Net Cash Into Investing Activities (B) -$29,375
($22,625-$52,000)
Cash Flow from Financing Activities:
Repayment of Long Term Note Payable -$55,625
monetary gain from the sale of common stock $72,000 (3600*$20)
Dividend paid -$52,300
From Financing Activities Net Cash Flow (C) -$35,925
Total Cash flow from all activities
(A+B+C) -$18,100
($47,200+-$29,375+-$35,925)
Cash at the starting of the year $84,500
Cash at the end of year $66,400
($84,500-$18,100)
As a result, the full statement of cash flows produced by the indirect technique using a spreadsheet will be:
Cash flow from all activities -$18,100
Cash at the starting of the year $84,500
Cash at the end of year $66,400
To know more about Income statement, visit:
https://brainly.com/question/22372177
#SPJ1
Consider the following information taken from the cash account. Assume cash payments were 80% of collections.
Cash
?? Beginning balance
$115,375 Collections
?? Disbursements
$80,275 Ending balance
How much was the beginning balance of the cash account?
The beginning balance of the Cash Account is $57,650.
What is Cash Account?A Cash Account is a kind of brokerage account that demands all transactions to be paid in full of available cash on the settlement date.
When purchasing stocks in a cash account, the investor must either deposit enough cash to cover the deal or sell other securities on the same trading day to ensure that cash is available to satisfy the buy order.
Cash accounts, unlike margin accounts, do not permit short selling or margin trading.
According to the given question, cash payments were 80% of collections. So, The cash payment or Disbursement are as follows:-
Disbursements = 80% of collections
= $115,375 * 0.8
= $92,300
The opening balance is computed by using the following formula:-
Opening Balance = Ending Balance + Disbursements - Collections
= $80,725 + $92,300 - $115,375
= $57,650
Hence, $57,650 is the beginning balance of the cash account.
Learn more about Cash here:
https://brainly.com/question/28413232
#SPJ1
for questions 7-11, consider a market served by a monopolist. the monopolist has a linear marginal cost (shown here as marginal private cost, mpcm) and a downward-sloping demand curve d0. here is the graphical representation of that market.
Equating the monopolist's marginal revenue with its marginal cost, which is the same profit-maximizing condition, yields the monopolist's profit-maximizing level of output and associated profit-maximizing price.
What is a monopolist individual?
A monopolist is a person, organization, or business that dominates and controls the market for a particular item or service. Due to the absence of substitute products or services and competition, monopolists can command high prices since they have sufficient market power.
What does monopolist look like in practice?
A company that sells its product exclusively and without any close substitutes is said to have a monopoly. An unchecked monopoly has the ability to set prices and has market power. DeBeers and diamonds, Microsoft and Windows, etc.
To know more about monopolist visit:
https://brainly.com/question/28938683
#SPJ4
at december 31, 2021, hull-meyers corp. had the following investments that were purchased during 2021, its first year of operations:
Security A Security B 954,000 940,000 145,000 139,200 $1,085,000 $1,093,200
What is the process of buying a firm called?
A corporate transaction known as an acquisition takes place when one company buys and takes control of another company. Mergers and acquisitions (M&A), a professional path in corporate law or finance that focuses on the purchasing, selling, and consolidating of enterprises, are fundamentally comprised of these activities.
The acquisition of a firm is now typically recorded using purchase acquisition accounting on the acquiring company's balance sheet. At fair market value, the assets of the acquired company are recognized as assets of the acquirer. The fair market value of the purchasing firm rises as a result of this accounting procedure.
To learn more about more process of buying a firm visit:
https://brainly.com/question/29976259
#SPJ4
In pricing a property using the market data approach, adjustments are made to the price of the _____ property.
subject and comparable
subject
comparable
subject or comparable
In pricing a property using the market data approach, adjustments are made to the price of the comparable property.
Houses which can be similar (similar) to every other ought to have comparable marketplace values, and consequently similar assessed values. One manner to evaluate whether or not your home has been assessed pretty, or uniformly, is to compare its assessment to the evaluation of different comparable houses.
A similar property is one that is most just like the challenge belongings. The similarities must healthy all the overall info of the property. wellknown descriptions of a property consist of the wide variety of bedrooms, baths, square footage size, and so forth.
Learn more about comparable property here : https://brainly.com/question/7142333
#SPJ4
