Answer:
Correct statements are:
B, C and D
Explanation:
A firm with positive net income can anytime run out of cash as the accounting net income is computed on accrual basis, and it is not necessary that all the related cash is collected.
Also the firm might spend a huge amount on investing in small companies, capital properties etc: which will again lead to huge cash outflow.
Financing activities generally bring the cash in the company, whereas after the financing instruments are matured, they need to be paid off. In that case, in year of maturity the entire amount will be paid which will involve huge cash outflow, and the company might run out of cash.
Therefore, all the statements except Statement A are correct.
Correct Statement are:
B, C and D
Answer:
I guess the interest rates are 9.10% and 7% per year.
a) $173,369.67
b) $217,212.31
Explanation:
the total distributions received by Ms. Frank are:
year distribution
1 10000
2 11000
3 12000
4 13000
5 14000
6 15000
7 16000
8 17000
9 18000
10 19000
11 20000
12 21000
13 22000
14 23000
15 24000
16 25000
17 26000
18 27000
19 28000
20 29000
21 30000
22 31000
23 32000
24 33000
25 34000
Using excel, I calculated the present value of this annuity using the different discount rates (using present value function)
a) $173,369.67
b) $217,212.31
Answer:
The sales budget is prepared below. See table below.
Explanation:
<em>A sales budget shows the expected revenue and units to be sold for a forth coming accounting period. The sales budget for Patrick Inc would look as follows:</em>
Sales budget
Month Units Revenue($)
January 41,000 1,435,000
February 38,000 1,330,000
March 50,000 1<u>,750,000</u>
<u>4,515,000</u>
Note the revenue per month is determined by multiplying the unit to be sold by the price per unit of $35
Answer and Explanation:
The effect of the given transaction is shown in the attachment below. Please find the attachment
As we know that
Accounting equation is
Total assets = Total liabilities + total stockholder equity
So,
1. In the first transaction there is an increased in assets by $29,000 and decreased the assets by $29,000 plus the same is to be recorded in the operating section of the cash flow statement
2. In the second transaction, there is decreased in asset for $49,020 also the retained earning is also decreased by same amount plus there is a bad debt expense also
Answer:
The outcome of this game is that both countries will cheat
Explanation:
Solution
Recall that
For Russia:
If Qatar cheats or found cheating is = zero cheat
If Qatar co-operates = 140 million (co-operates or comply)
For Qatar:
If Russia cheats or found cheating is = it is considered as a zero cheat
If Russia cooperates = 140 million (co-operates or comply)
So,
The outcome of equilibrium = (0,0)
Therefore the outcome of this game is that both countries will cheat
Note: Kindly find an attached copy of part of the solution to the question given.
