Answer:
The Net Cash <em>used</em> in Financing activities is $30,800
Explanation:
<em>Step 1 Determine the Movement in Cash during the period.</em>
Movement = Ending Cash Balance - Beginning Cash Balance \
= 18,200 - 11,600
= 6,600 (inflow)
<em>Step 2 Determine the Cash flow in Financing Activities </em>
<u>Cash flow statement for the year</u>
Cash flow from Operating Activities $29,000
Net Cash flow from Investing Activities $ 8,400
Net Cash flow from Financing Activities (Balancing figure) ($30,800)
Movement in Cash during the year $6,600
Therefore, The Net Cash used in Financing activities is $30,800
<h2>collecting evidence to answer a question</h2><h2>researching past events</h2><h2>studying evidence to solve a problem</h2><h2>finding out where, when, and why an event happened</h2>
Explanation:
determining who is responsible for a crime: History does not much speak or research about crime. Only detectives will do research on crime. This option is invalid.
collecting evidence to answer a question:
Historians collects evidence to prove the past where as detectives collect evidence to prove the crime
researching past events
Past events are researched to find out the history by the historians, and detectives research the past crime
finding out where, when, and why an event happened: Historians finds details to register the history for future use and detectives find out the place, date and reason for crime.
studying evidence to solve a problem
Historians study evidence to prove the history and detective study to prove the crime
Answer:
Net Sales for the month ended is equal to $9,702.
Explanation:
Sale = 100 x $100 = $10,000
Discount = $10,000 x 1% = $100
Sales Return = $198
Net Sales = Sales Price - Sales Discount - Sales Return
Net Sales = $10,000 - $100 - $198
Net Sales = $9,702
Net Sales for the month ended is equal to $9,702.
$20 is an expense and it is not an contra revenue account. So, it is not considered in net sales calculation.
Answer:
Economic Value Added (EVA) = $2,620
Explanation:
WACC = 11%
Capital = $20,500
Sales = $11,500
Operating cost = $5,000
Tax rate = 25%
EBIT = Sales - Operating cost
EBIT = $11,500 - $5,000
EBIT = $6,500
Economic Value Added (EVA) = EBIT (1 - T) - (WACC * Capital)
Economic Value Added (EVA) = 6,500*( 1 - 0.25) - (0.11 * $20,500)
Economic Value Added (EVA) = $4,875 - $2,255
Economic Value Added (EVA) = $2,620
Answer:
Option (b) is correct.
Explanation:
Given that,
Budgeted sales in September = $260,000
Budgeted sales in October = $375,000
Budgeted sales in November = $400,000
Percent of merchandise sells for cash = 30%
Percent of merchandise sells on account = 70%
Out of the credit sales,
80% are expected to be collected in the month of the sale.
20% in the month following the sale.
Therefore, the cash collections in September from accounts receivable will include only 80% of the credit sales in September as Nuthatch corporations starts its operation on September 1, hence there will be no sales in August.
Cash Collections From Accounts Receivables;
= 80% of the credit sales in September
= 0.8 × (70% × $260,000)
= 0.8 × $182,000
= $145,600
