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tatiyna
2 years ago
8

Webster's has sales of $649,000 and a profit margin of 7.2 percent. the annual depreciation expense is $102,600. what is the amo

unt of the operating cash flow if the company has no long-term debt?
Business
1 answer:
Dimas [21]2 years ago
7 0
Operating cash flow = ($649,000 x .072) + $102,600 = $149,328. In financial accounting, operating cash flow or as called as OCF in which cash flow provided by operations, cash flow from operating activities or as called as CFO or free cash flow from operations or as called as FCFO bring up to the sum of cash a company produces from the revenues it brings in not including costs related with long-term investment on capital items.
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Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children who live with her (all are u
Kipish [7]

Answer:

a. $58,000

b. $6,752

c. $9,000

Explanation:

a. The computation of taxable income is shown below:-

Taxable income = Salary - Short term capital loss + Cash Prize - Greater of Standard or itemized deduction for year 2018 (assumed)

= $80,000 - $2,000 + $4,000 - $24,000

= $58,000

b. The computation of tax liability is shown below:-

Tax liability (Surviving spouse) = ($1,940) + ($58,000 - $19,400) × 12%

=  $1,940 + $38,600 × 12%

= $1,940 + $4,632

= $6,572

c. The calculation of Charlotte's child and dependent tax credit is given below:-

= ($2,000 × 4) + ($500 × 2)

= $8,000 + $1,000

= $9,000

6 0
2 years ago
________ play an important role in efficiently making products available to target markets in the needed varieties and quantitie
avanturin [10]

Answer:

Intermediaries

Explanation:

Intermediaries are individuals or organisations whose main function is to ensure that goods are moved smoothly through the various channels of distribution. They act as a link between the manufacturers and the consumers.

Intermediaries acts as a middleman, they provide feedbacks to the manufacturers on the customer's assessment of the product. They also help in the promotion of goods by employing different advertising strategies inorder to showcase the product to the potential customers.

Hence intermediaries play a crucial role in efficiently making products available to target markets in the required varieties and quantities.

8 0
2 years ago
Parkway Company incurred $126,000 in material costs during July. Additionally, the 12,000 units in the Work-in-Process Inventory
IRINA_888 [86]

Answer:

$ 13.167 / unit

Explanation:

Data provided:

Beginning material cost = $ 126,000

Number of units in work in progress = 12,000 units

Material cost assigned = $ 32,000

thus,

the total material cost involved = $ 126,000 + $ 32,000 = $ 158,000

Now,

the material cost per equivalent unit = Total material cost involved / number of units

on substituting the values, we have

the material cost per equivalent unit = $ 158,000 / 12,000

or

= $ 13.167 / unit

7 0
2 years ago
Snow Co. began operations on January 2, 2017. It employs 15 people who work 8-hour days. Each employee earns 10 paid vacation da
Arlecino [84]

Answer:

Given that,

Number of employees who work for 8-hours a day = 15

Annual paid leaves for each employee = 10

Average hourly wage rate(2017) = $24.00

Average hourly wage rate(2018) = $25.50

Average vacation days used by each employee in 2018 = 9

Therefore, the Journal entries are as follows:

(1) On 2017,

Wages expense A/c       Dr.  $28,800

To vacation wages payable                    $28,800

( 15 × 8 hrs × 10 days × 24)

(vacation wages)

(2) On 2018,

Wages expense A/c                                                   Dr. $1,620

Vacation wages payable(15 × 8 hrs × 9 days × 24) Dr. $25,920

To cash ( 15 × 8 hrs × 9 days × 25.50)                                             $27,540

(cash paid for vacation wages)

(3) On 2018,

Wages expense A/c       Dr.  $30,600

To vacation wages payable                    $30,600

( 15 × 8 hrs × 10 days × 25.50)

(vacation wages due in 2018)

3 0
2 years ago
Nieto Company’s budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted D.M. Purchases January $ 2
inn [45]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Budgeted Sales:

January $ 237,400

February 251,400

March 336,600

Nieto’s sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible.

Cash collection March:

Cash sales= 336,600*0.3= 100,980

Credit Sales March= (336,600*0.7*0.1)= 23,562

From February= (251,400*0.7*0.5)= 87,990

From January= (237,400*0.7*0.36)= 59,824.8

Total= 272,356.8

4 0
2 years ago
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