Answer:
$5,000
Explanation:
The computation of the amount that should be reported for net financing cash flows is shown below:
Cash flows from financing activities
Receipt from the bank for long-term borrowing $6,000
Less: dividend paid -$1,000
Net cash flows from financing activities $5,000
The positive amount represents the cash inflow and the negative amount represent the cash outflow and the same is to be considered
Answer:
A. Yes, because the corporation would be required to pay tax on its profits, and the shareholders would also be required to pay taxes on dividends
Answer:
<u>FIFO</u>
Ending inventory: = 6745
Cost of goods sold: = 5120
<u>AVERAGE</u>
Ending inventory: 6215
Cost of goods sold: = 5650
Explanation:
The FIFO (First input, first output) method allows you to make an inventory valuation, taking into account that the first items that enter the stock are the first ones that come out.
In the method of valuation of weighted average cost inventory, a weighted average is used to determine the cost of goods sold and the value of the inventory. To do this, the cost of the goods available for sale is divided by the number of units available for sale.
<em>(See the attached form to see the calculations)</em>
Answer: Checking for conflicts/Incompatibility among the competitive strategies of the company different business.
Explanation:
This will be a waste of effort and resources because the business are different there strategies are bound to be different, trying to reconcile different strategies for different business is uncalled for and not necessary.
Ranking the performance prospect of the business, accessing the competitive strength of each busines the company has diversity into, evaluation the prospective advantage of cross busines strategic fits along the value chain of the company's various busines, checking whether the company's resources meets the current requirements of it's business line up will all help to improve the company's performance.
Answer:
The book value of the machine at the end of 2021 is $620000.
Explanation:
The straight line depreciation allocates a constant depreciation expense throughout the useful life of the machine. The straight line depreciation expense can be calculated using the following formula,
Depreciation expense per year = (Cost - Residual value) / estimated useful life
Depreciation expense per year = (1000000 - 50000) / 5 = $190000 per year
The book value of asset is the value of the asset calculated by deducting Accumulated depreciation from its cost.
The book value of the machine at the end of 2021 will be the, considering the depreciation expense for year 2021 has been charged,
Accumulated depreciation till 2021 end = 190000 for Year 2020 + 190000 for Year 2021 = $380000
Book value at the end of 2021 = 1000000 - 380000 = $620000
