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2 years ago

Demers Inc. reported the following data:

Business

1 answer:

elena-s [515]2 years ago

7 0

Answer:

Cash Flows from Operating Activities is 555.050

Explanation:

The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Notice the amounts of any decreases are in parentheses.

Net income 490.000

Adjustment to reconcile the net income to cash

+ Depreciation expense 52.000

- Gain on disposal of equipment (7.000)

+ Decrease in accounts receivable 32.400

- Decrease in accounts payable (12.350)

Net cash 555.050

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Baker Company uses the weighted-average method in its process costing system. The Assembly Department started the month with 8,0

Damm [24]

Answer:

the equivalent units of production for conversion costs in the Assembly Department for the month are 101,900

Explanation:

Step 1 Calculate the Units Completed and Transferred to Finished Goods

Units Completed and Transferred to Finished Goods = units in beginning work-in-process inventory+ units were transferred in from the prior department-units in the ending work-in-process inventory

therefore, Units Completed and Transferred to Finished Goods = 8,000+95,000-11,000 = 92,000

Step 2 Calculate the equivalent units of production for conversion costs

Note : work-in-process inventory of the Assembly Department that were 90% complete with respect to conversion costs

Work-in-process inventory (11,000× 90%) = 9,900

Units Completed and Transferred Out (92,000× 100%) = 92,000

Total equivalent units of production = 101,900

6 0

2 years ago

Read 2 more answers

We are evaluating a project that costs $1.68 million, has a six-year life, and has no salvage value. Assume that depreciation is

zvonat [6]

Answer:

Best-Case Worst-Case

NPV NPV

PV of cash inflows $2,897,706 $3,187,477

PV of project cost $1,680,000 $1,848,000 ($1,680,000 * 1.1)

NPV $1,217,706 $1,339,477

Explanation:

a) Data and Calculations:

Initial project cost = $1.68 million

Project's estimated life = 6 years

Salvage value = $0

Depreciation expense = $280,000 ($1.68 million/6)

Income Statement:

Sales revenue (90,000 * $37.95) = $3,415,500

Cost of goods sold:

Variable cost (90,000 * $23.20) = 2,088,000

Gross profit = $1,327,500

Fixed costs = 815,000

Income before tax = $512,500

Income tax (21% of $512,500) = 107,625

Net income = $404,875

Add depreciation expense 280,000

Annual cash inflows = $684,875

PV annuity factor for 6 years at 11% = 4.231

PV of annual cash inflows of $684,875= $2,897,706 ($684,875 * 4.231)

Annual cash inflows = $753,363 ($684,875 * 1.1)

PV of annual cash inflows of $753,363 = $3,187,477 ($753,363 * 4.231)

3 0

2 years ago

Colex wishes to bid on a contract that is expected to yield after-tax net cash flows of $25,000 in year 1, $30,000 in year 2, an

FrozenT [24]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

7 0

2 years ago

A friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to fi

Inessa05 [86]

Answer: 1. 12. 2. 1.090. 3. 0.08327

Explanation:

Here is the complete question:

friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to find a job. She started on the first day of week two and was able to keep her job for the remaining eleven weeks. Use this information to answer the following three questions, assuming the unemployment rate is not changing:

1. Calculate the rate of job finding (f) for the summer, using an average rate per week. Enter this value in the box below. Note that if f is the rate of job finding, then the average spell of unemployment is (1/f).

The value of f is:

2. Calculate the rate of job separation (s), using an average rate per week. Enter this value into the box below. Note that if s is the rate of job separation, then the average length of employment is (1/s).

The value of s is:

3. Calculate the natural rate of unemployment (U) using the above results and enter this value in the box below.

The natural rate of unemployment (in percent) is

1. From the question, we can see that it was said that took her one full week to get a job over the last 12 week summer break. The unemployment rate will be 12.

The value of f is: 12

2. From the question, the average length of the employment is 11/12 weeks. The rate of job separation will be: s = 12weeks ÷ 11 weeks

s = 1.090

The value of s is: 1.090

3. The natural rate of unemployment will be:

U = s/(s+f)

= 1.090/(1.090 + 12)

= 1.090/13.090

= 0.08327

3 0

2 years ago

Callista "cherry bomb" davidson is a world-famous stunt woman, and she is trying to achieve the long distance world record human

11Alexandr11 [23.1K]

Answer:

CODE

import time #importing time module

import math #importing math module

pi = math.pi #defining the value of pi

u = 70 #initial velocity

g = 9.8 #gravitational acceleration

time_step = 0.01 #time step of 0.01 secs

time_elapsed = 0.0

maxAngle = 0

angle = 1

h = 5.0 #setting the initial height to to 5m

x = 0.0

maxRange = 0.0

for angle in range(1,91): #loop which angle takes value from 1 to 90

ux = u * math.cos((pi / 180) * angle) #velocity in x axis

uy = u * math.sin((pi / 180) * angle) #velocity in y axis

for i in range(1000): #running for 1000 steps

dragx = 0.5 * 1.225 * 1.4 * 0.8 * ux * ux #calculating the drag in x direction

dragy = 0.5 * 1.225 * 1.4 * 0.8 * uy * uy #calculating the drag in y direction

drag_ax = dragx / 65.0 #calculating drag acceleration in x axis

drag_ay = dragy / 65.0 #calculating drag acceleration in y axis

accelx = drag_ax #resultant acceleration in x axis

accely = g + drag_ay #resultant acceleration in y axis

vx = ux - accelx * time_step #velocity in the x axis at any instant

vy = uy - accely * time_step #velocity in the y axis at any instant

h += uy * time_step - 0.5 * accely * time_step * time_step #height at any instant of the projectile

x += ux * time_step - 0.5 * accelx * time_step * time_step #range at any instant in the x axis of the projectile

print("Height " + str(h) + " Range " + str(x)) #printing the current position

time.sleep(time_step) #waiting for 0.01 secs

time_elapsed += time_step #calculating the time elapsed

ux = vx #setting the final velocitites to new initial velocities

uy = vy

if h <= 0.0: #if a height 0 is reached

if x > maxRange:

maxRange = x #max angles are noted

maxAngle = angle

h = 5.0 #variables are initialized

x = 0.0

u = 70.0

vx = 0.0

vy = 0.0

print("Wait till the next simulation starts.....")

time.sleep(10.0 - time_elapsed) #wait for 10 secs

time_elapsed = 0.0

break

print("The optimum angle for for Callista is {} degrees which will give her a range of {} metres".format(str(maxAngle),str(maxRange))) #the optimum angle is printed

Explanation:

3 0

2 years ago