While calc
Q: On August 1, 2014, Amherst Company reacquired 4,000 shares of its $15 par value common stock for $18...
A: Treasury stock is a reacquired stock from its own stockholders. In other words, when a company buy b...
Q: Problems P-1. The following account balances were included in the adjusted trial balance of Interger...
A: 1. Income Statement This statement shows the income earned and loss incurred by the organization in ...
Q: MOWGLI Company provided the following information for the year ended December 31, 2021. Contribution...
A: 1. Income Statement - This statement shows the income earned and loss incurred by the organization i...
Q: subcontracted by the client, specifically in what corresponds to criteria of security, availability,...
A: A SOC for Service Organizations reports are designed to help service organizations that provide ser...
Q: A subsidiary is an entity that: Select one: a. Is controlled by another entity. b. Exercises c...
A: Subsidiary Company - Subsidiary Company is control by another company.
Q: Required: 2 points each 1. Compute prime cost 2. Compute conversion cost 3. Compute total production...
A: Prime costs (PC) are those direct costs that are connected directly with the product and are easily ...
Q: Concord Inc. is a retailer using a perpetual inventory system. All sales returns from customers resu...
A: Perpetual Inventory system is a system wherein inventory in counted continuously and update the same...
Q: Discussion Question _Job Costing I The Harriott manufacturing company uses job order costing system....
A: Job costing is one of the peculiar method of accounting. In basic terms it is designed a way so that...
Q: Assume that a relatively new company you and you group members are involved with has presented you w...
A: A journal entry is a form of accounting entry that is used to report a business transaction in a com...
Q: Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 I...
A: As per the guidelines, only one question is allowed to be answered. Please resubmit the question sep...
Q: On March 31, 2020, Capital Investment Advisers paid $4,530,000 for land with two buildings on it. Th...
A: The statement showing allocation of purchase price is as follows: Assets Appraised value Percenta...
Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share ca...
A: Calculation of balance of Unappropriated Retained earnings at the end of year Amount (In P)...
Q: Use the following to answer questions 12 – 15 At December 31, KC Co reported accounts receivable of ...
A: Allowance for uncollectible accounts are generally given as a % of Accounts Receivable as given in c...
Q: The following are data from a production, calculate; The Break-even point in tenns of sales value an...
A: In Marginal Costing break-even analysis technique is used to ascertain...
Q: Compton Information Services, Inc., has two service departments: human resources and billing. Compto...
A: Answer - Step Method of Cost Allocation - This method an approach used to allocate the cost of...
Q: hat amount should be reported as unappropriated retained earnings at year-end?
A: Solution Concept Reacquisition of share to be held as treasury does not affect the retained earnings...
Q: Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11...
A: Solution 1: Journal Entries - Sydney Retailing Date Particulars Debit Credit 11-May Merchandi...
Q: igh Country, Inc., produces and sells many recreational products. The company has just opened a new ...
A: 1a: Computation of Unit Product Cost - Absorption Costing Particulars Per unit Unit Product C...
Q: By definition, which of the following represents the owners of a corporation? Your answer: O Custome...
A: The balance sheet represents the financial position of the business with assets and liabilities on a...
Q: A $300,000, ten year, 8% bond issue was sold to yield 9% interest payable annually. Actuarial inform...
A: Lets understand the basics. When bond is issued at the face value then it is called as issued at par...
Q: 1. During the year ended December 31, 2021, management of Alpha Corporation (the Company) decided to...
A: 1. Tax gain on sale of equipment: Tax gain on sale of equipment = Sale value – (Original cost – Accu...
Q: QUESTION 4 Emily, who is single, has been offered a position as a city landscape consultant. The pos...
A:
Q: SHADOW BONE Company reported net income of P7,500,000 for the current year: The auditor raised quest...
A: Adjusted net income for the current year = Reported net income for the year + Debit adjustment of pr...
Q: Collin Cunningham started working with Dewar’s Limited on September 1st, 2018. He had not been previ...
A: In 2018 the standard deduction was $ 12,000 for single filers. Working note :- ...
Q: Assume the company uses the AFN formula and all additional funds needed (AFN) will come from issuing...
A: Additional funds needed(AFN) is the concept used by organizations to determine the amount of funding...
Q: Indicate the effect each of the three transactions has on the financial statement categories listed ...
A: Double entry system: In accounting every entry has dual effect, that means, if some entry is passed ...
Q: On October 1, Vista View Company rented warehouse space to a tenant for $3,900 per month and receive...
A: Answer) Calculation of Balance of Unearned Rent account on December 31 Balance of Unearned Rent Acco...
Q: roblem #2 Admission by Purchase of Interest and Investment of Assets The capital accounts of Loida C...
A: The partnership comes into existence when two or more persons agree to do the business and further s...
Q: Ken is the sole shareholder in Senseonics, Inc., an S corporation. At the beginning of 2010, Senseo...
A: Basis in Stock: The basis in stock is, by and large, how much is the capital interest in property fo...
Q: Healesville Sanctuary is a family-owned and operated wildlife park located in Melbourne. Healesville...
A: Auditing refers to independent examination or inspection of financial and non-financial aspects of a...
Q: ash 500,000 nished goods - December 31 oods in process - December 31 et Income for the current year ...
A:
Q: FloorMart has the following values on its Balance Sheet: Current Liabilities $12,000 Total Assets 37...
A: Let us understand the following: WORKING CAPITAL: This is the capital of the entity which is utilize...
Q: On January 2, 2018, Country Lumber installed a computerized machine in its factory at a cost of $168...
A: Depreciation: It refers to a decrease in the fixed asset's value because of normal tear and wear, co...
Q: company's balance sheet shows: cash $30,000, accounts receivable $20,000, office equipment $54,000, ...
A: Cash = $30,000 Accounts receivable = $20,000 Office equipment = $54,000 Accounts payable = $21,000
Q: Adriana Graphic Design receives $2,250 from a client billed in a previous month for services provide...
A: Journal entries are the basic method to record financial transactions. It is further used to prepare...
Q: On 1-1-2011, the company REGAL purchased 30% of the outstanding voting shares of company ARON for $6...
A: The income reported by REGAL during 2015 pertaining to the ARON was $39,000 Explanation: $39,000 = $...
Q: HOW IS THE ACCOUNTANCY PROFESSION BEING REGULATED? EXPLAIN
A: An accounting career consists of getting ready monetary statements, auditing organization statistics...
Q: Chuzzle Company used the direct method to prepare the statement of cash flows. The entity had the fo...
A: The cash flow statement is prepared to record the cash flow from various activities during the perio...
Q: Vita Water purchased a used machine for $122,000 on January 2, 2020. It was repaired the next day at...
A: A journal entry is a form of accounting entry that is used to report a business transaction in a com...
Q: You are the auditor of Birham Ltd and are in the process of completing the audit for the year ended ...
A: Management’s written representation refers to the written document which is provided to the auditor ...
Q: I want to have 6000000 when I retire on April 18, 2055. I plan on making annual equal payments start...
A: Future Value: Using an expected rate of growth, future value (FV) is defined as the worth of a prese...
Q: National Co. would like to maintain its cash account at a minimum level of P25,000, but expect the s...
A: Return Point = {3*Transaction cost* (Standard deviation )2 / (4 *i/365)} + Minimum Balance T =Fixed...
Q: Super Soups, Inc. is a Chicago based company that produces soup. Super Soups is publicly traded and ...
A: Loss on Sale of Assets: It is an ordinary activity and occurs when carrying amount of assets is les...
Q: Midus ind has the following data for the month ended on March 31. Prepare cash budget for the month ...
A: To identify the expected disbursements and receipts of cash for a given period of time, cash budget ...
Q: For each transaction indicate whether it should:
A: In accounting we follow double entry system. Each transaction has...
Q: We learned about the importance of selecting the "filing status"; What are the different filing stat...
A: Filing status is a category that specifies the type of tax return form that must be used by a taxpay...
Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share ca...
A: The retained earnings are the accumulated net earnings of the business kept for the shareholders. Th...
Q: Core Company reported the following increases (decreases) in the accounts for the current year: Cash...
A: Stockholders' equity: Stockholders' equity means the net assets available to shareholders after dedu...
Q: HELL'S KITCHEN Company has the following accounts information for the year ended December 31, 2021. ...
A: Stockholders' equity: Stockholders' equity means the net assets available to shareholders after dedu...
Q: Porter Corporation holds 10,000 shares of its $10 par common stock as treasury stock, which was purc...
A: Treasury stocks are reacquired own stocks of the company. Sale of treasury stock in excess of cost...
While calculating
a Subtracted from from EBIT(1-t) +(
b Subtracted from EBT.
c Subtracted from EBIT(1-t)
d Subtracted from EBIT.
Step by step
Solved in 2 steps
- If all values carry a + sign, cash flow before taxes is represented by the following equation:a. gross income - expenses - depreciation - initial investment + salvage valueb. gross income - expenses - depreciation + salvage valuec. gross income - expenses - initial investment + salvage valued. gross income - expenses + initial investment + salvage valueiv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWCIn the discounted cash flow (DCF) method, which of the following is the correct formula for calculating Unlevered Free Cash Flows (UFCF)? A)EBIT (1-tax rate) + Depreciation and Amortization (D&A) + Investment in Net Working Capital (\Delta NWC) + Capital Expenditure (CapEx) B)EBIT (1-tax rate) – D&A – \Delta NWC – CapEx C)EBIT (1-tax rate) + D&A – \Delta NWC + CapEx D)EBIT (1-tax rate) + D&A – \Delta NWC – CapEx E)EBIT (1-tax rate) – D&A + \Delta NWC + CapEx
- Calculating Cash Flow From Assets by= Operating Cash Flow (OCF) – Net Capital Spending (NCS) - Change in NWC (ΔNWC)= Earnings Before interest and taxes + Depreciation –Taxes - New fixed assets – Old fixed assets +Depreciation - ((New current assets – New current liabilities)-(Old current assets – Old current liabilities))Under IFRS, value-in-use is defined as: a. net realizable value. b. fair value. c. future cash flows discounted to present value. d. total future undiscounted cash flows.Which of the following statements is CORRECT? O Free cash flow (FCF) is defined as follows: FCF EBIT(1 - T) + Depreciation and Amortization - Capital expenditures required to sustain operations - Required changes in net operating working capital. O Changes in working capital have no effect on free cash flow. O Net cash flow (NCF) is defined as follows: NCF Net income Depreciation and Amortization. Net cash flow is the same as free cash flow (FCF). O Free cash flow (FCF) is defined as follows: FCF EBIT(1 - T)+ Depreciation and Amortization + Capital expenditures.
- Explain the below elements of cash outflows: a- Purchase of New Equipment. b- Investment in Working Capital.c- Manufacturing, Operating, and Maintenance Costs.d- Leasing Expenses.e- Interest and Repayment of Borrowed Funds.f- Income Taxes.Which of the following formulas will correctly calculate Net Working Capital? A. Current assets + current liabilities B. Free cash flow + depreciation expenses C. Incremental earnings – capital purchases D. Current assets – current liabilitiesWhen completing the statement of cash flows using the indirect method, an increase in an asset account would be a corresponding _____ to the net income adjustment
- Which of the following items are included in calculating Firm Free Cash Flow? I. Cost of goods sold II. Depreciation expense III. Interest expense IV. Capital expenditures A. I and II. B. I, II and IV. C. II, III and IV. D. I and III.We can separate cash return on assets into: a. Cash flow to sales and return on assets. b. Profit margin and asset turnover. c. Cash flow to sales and profit margin. d. Cash flow to sales and asset turnover.Compute for the: a. net cash flow from operating activities b. net increase (decrease in cash)