2. Financial ratios: The following information is available about Rhine Company.

Owen expects to receive at the end of next year from a trust fund. If a bank loans money at an interest rate of , how much mone

Nezavi [6.7K]

Answer: a) $18,605

Explanation:

The amount he can borrow today will be an amount that when grown at a rate of 7.5% per year will equal $20,000 in a year.

20,000 = Amount + ( Amount * rate * time)

20,000 = Amount + (7.5% * Amount)

2,000,000 = 1.075 * Amount

Amount = $18,605

4 0

2 years ago

g During the past year, a company had cash flow to creditors, an operating cash flow, and net capital spending of $30,591, $69,5

brilliants [131]

Answer:

The company’s cash flow to stockholders during the year is $6,224

Explanation:

In this question, we are asked to calculate a company’s cash flow to stakeholders during a particular year.

To calculate this, we proceed as follows;

Change in Net Working Capital = Ending Working Capital – Beginning Working Capital

Change in Net Working Capital = $14,650 - $12,352 = $2,298

Cash Flow from Assets = Operating Cash Flow – Net Capital Spending - Change in Working Capital

Cash Flow from Assets = $69,573 - $30,460 - $2,298 = $36,815

Cash Flow to stockholders = Cash Flow from Assets – Cash flow to Creditors

= $36,815 - $30,591 = $6,224

5 0

2 years ago

Placker Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.

riadik2000 [5.3K]

Answer:

Total cost= $3,595

Explanation:

Giving the following information:

Estimated fixed overehad= $155,000

Estimated variable manufacturing overhead= $3.40 per machine-hour

Estimated machine-hours= 50,000

Job A881:

Total machine-hours 100

Direct materials $645

Direct labor cost $2,300

First, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (155,000/50,000) + 3.4

Estimated manufacturing overhead rate= $6.5

Total cost= direct material + direct labor + allocated overhead

Total cost= 645 + 2,300 + (6.5*100)

Total cost= $3,595

5 0

2 years ago

In each of the following pairs of bonds, select the bond that has the highest duration or effective duration: a. Bond A is a 6%

Pavlova-9 [17]

Answer:

Please see attachment .

Explanation:

Please see attachment .

4 0

2 years ago

If a petty cash fund is established in the amount of $200, and contains $119 in cash and $84 in receipts for disbursements when

Andrej [43]

Answer:

The correct option is C

Explanation:

The journal entry which is to be passed in order to replenished the account is as:

Petty Cash A/c..................................Dr $84

Cash A/c...............................................Cr $81

Cash Over and Short A/c..................Cr $3

In order to replenish the account of petty cash, the account of expense (name of expense is not given, so petty cash account) is debited. Therefore, the petty cash is debited. The cash account is credited and the excess or over (which is $3 that is $200 - [$119 + $84 = $203] ) is replenished by crediting the account.

8 0

2 years ago