Financial statements are written records that outline a company's operations as well as its financial success. Government organizations, accounting firms, and other entities frequently audit financial statements to assure their accuracy and for reasons related to taxes, financing, or investment. The balance sheet, income statement, cash flow statement, and statement of changes in equity are the four basic financial statements used by for-profit organizations. Nonprofit organizations employ a comparable but distinct set of financial statements.
SHARP SCREEN FILMS, INC.
Statement of Cash Flows
For the Year Ended December 31, Current year
Cash flows from operating activities:
Net income 46050
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense 13650
Decrease in accounts receivable 7200
Increase in merchandise inventory -4850
Decrease in accounts payable -10200
Decrease in wages payable -400 5400
51450
Net cash provided by operating activities
Cash flows from investing activities:
Cash payments to purchase fixed assets -58950
Net cash used in investing activities -58950
Cash flows from financing activities:
Cash payments on long-term note -10900
Cash payments for dividends -13950
Cash receipts from issuing stock 33400
Net cash provided by financing activities 8550
Net increase in cash during the year 1050
Cash balance, January 1, current year 63900
Cash balance, December 31, 2015 current year 64950
Financial information is used by analysts and investors to assess a company's performance and forecast the course of its stock price in the future. The company's annual report, which includes its financial statements, is among the most significant sources of trustworthy and audited financial data.
Investors, market analysts, and creditors analyze the financial statements to assess the strength of a company's finances and future profits potential. The statement of cash flows, income statement, and balance sheet are the three main financial statement reports.
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push is that employees will be more efficient and have higher production output if they are trained to work in a specific way, and they receive feedback about how well they are doing their work.
Push is that employees will be more efficient and have higher production output if they are trained to work in a specific way, and they receive feedback about how well they are doing their work.
How important motivation is?Any workplace considers employee motivation to be essential because it results in better departmental and even corporate performance. In contrast to the other employees who are disengaged and have low motivation, only 13% of employees remain engaged and motivated at work.
Employee motivation is a key element in increasing worker productivity because motivated employees are more likely to perform their jobs to the best of their abilities with minimal effort, time, and resource waste.
Such motivation fills the gap between the ability to work and the desire to work by utilizing resources to their fullest and best potential.
An employee is motivated, more effective, and productive at work when they are willing to put in the effort.
Thus, push is all that an employee needs to perform well.
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Question: is that employees will be more efficient and have higher production output if they are trained to work in a specific way, and they receive feedback about how well they are doing their work.
because many firms have seasonal and cyclical fluctuations in sales and production, a benefit of abc is that it provides better information to identify the cost of unused
Because many firms have seasonal and cyclical fluctuations in sales and production, a benefit of abc is that it provides better information to identify the cost of unused capacity and maintain a separate accounting for this cost.
What is cyclical fluctuations?Cyclical fluctuations refer to disturbances around the periodic pattern line or curve of a time-series data that last for extended periods of time. These variations are brought on by both investment fluctuations and shifts in client demand.
Plant capacity is periodically unused since many businesses have seasonal and cyclical fluctuations in sales and production, which shows that space is available within the transport system's operating conditions.
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The incomplete question is-
Because many firms have seasonal and cyclical fluctuations in sales and production, a benefit of ABC is that it provides better information to identify the cost of unused __________ and maintain a separate accounting for this cost.
a building generates $103,000 in effective rental income and $900 in vending machine income. the same complex has $40,700 in operating expenses and $36,000 in debt service payments. what is the pre-tax cash flow of the complex?
The pre-tax cash flow of the complex is $27200.
How to calculate the pre tax cash flow?From the information, the building generates $103,000 in effective rental income and $900 in vending machine income.
The pre tax will be:
Rental income + Machine income - Expense - Debt service
= $103000 + $900 - $40700 - $36000
= $27200
Therefore the pre tax is $27200
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true or false? scale should be a top priority for all companies, even early-stage companies who are still defining product-market fit.
The given statement of product-market fit is false.
What is Product-Market fit?
"Product-market fit" means "being in a good market with a product that can fulfil that market," argues startup coach and investor Marc Andreessen. Product-market fit occurs when an entrepreneur discovers a market need and creates a solution that buyers desire to buy. This concept may appear apparent, but it is critical to ensure that there are enough individuals interested in what your company offers and to develop your value proposition properly. Product-market fit may be more important to the future of your firm than brilliant ideas, great teams, or any other element, therefore it is crucial to consider when developing the product. People must buy what a business sells in order for it to survive.
scale should not be a top priority for all companies, even early-stage companies who are still defining product-market fit
Hence, the given statement is false.
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last year, rosa spent $130,000 for merchandise she sold. she had net sales of $200,000 and expenses of $40,000. what is rosa’s net profit?
Last year, rosa spent $130,000 on merchandise she sold. she had net sales of $200,000 and expenses of $40,000', therefore rosa’s net profit is $30,000.
Merchandising is any practice that contributes to the sale of products to retail consumers. At the retail level, merchandising refers to the presentation of products that are sold in creative ways that induce customers to purchase more items or products.
Visual display merchandising in retail means using product design, selection, packaging, pricing, and presentation to sell products and encourage consumers to buy more.
To do. This includes disciplining and discounting the physical presentation of products and displays and deciding which products to present to which customers and when. In retail, creatively linking related products and accessories is often a great way to encourage consumer purchases.
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a manager may over-research the appropriateness of a decision a. because it is important to be 100% certain before making a decision b. because the costs of a false positive are usually larger c. because managers can face inordinate censure from agreeing to a bad decision d. because the costs of a false negative are usually larger
A manager may additionally over-research the appropriateness of a decision due to the fact the expenses of a false fine are usually larger.
The selection at the beginning comes from the Latin decidere ("decide"). you make decisions every day: what to put on, what to eat, a way to spend your cash, who to vote for, what movie to visit. A courtroom decide makes a decision in a trial (and in fact "fingers down" or "publicizes" that decision).
The definition of choice is a preference that is made or the act of creating up one's mind. the choice of paper in preference to plastic is an instance of a choice. An instance of a selection is the decision of a decision.
Sturdy selection-making helps solve troubles directly and creates a leadership position for the decision-makers. robust selections ought to be independent and without any emotional influences that might make us neglect shortcomings. Such choice-making ought to also be obvious and logical.
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how are expenses forecasted on a pro forma income statement? a.) as a percentage of forecasted sales, based on historical data b.) by duplicating actual expenses from the preceding period c.) as a percentage of gross margin d.) by adjusting expenses from the previous period for inflation
Pro-forma projections are usually produced using Pro-forma financial statements and are forecasted using simple forecasting processes. When making these forecasts, revenues will usually provide the initial groundwork for the forecast, and expenses and other items are calculated as a percentage of future sales.
What is a Pro-forma income statement?The adjusted income statement will appear this way when certain assumptions, such as non-recurring items, restructuring costs, etc., are excluded or if a loss-making unit is discontinued, according to the pro forma income statement, also known as pro forma profit and loss. When used in a business plan, it represents financial forecasts based on managers’ or analysts’ assumptions about the company. A Pro forma income statement is the statement prepared by the business entity to prepare the projections of income and expenses, which they expect to have in the future by following certain assumptions such as competition level in the market, size of the market, growth rate, etc.
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taxpayers have a choice of deducting the standard deduction or their itemized deductions. therefore, blank agi deductions are considered to be beneficial to more taxpayers because:
Taxpayers can choose to itemize their deductions or take the standard deduction. Because they are available to all eligible taxpayers, not only those who itemize deductions, blank AGI deductions are consequently thought to benefit more taxpayers.
An expense known as an itemized deduction can be deducted from your adjusted gross income (AGI) in order to minimize your taxable income and, as a result, the amount of taxes you owe. These deductions enable those who qualify to pay less tax than they would have if they had chosen to claim the standard deduction, a set sum that fluctuates depending on filing status. Mortgage interest, donations to charities, and unreimbursed medical costs are examples of allowable itemized deductions, which may be subject to caps.
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at some point, rising income levels lead to demands for greater environmental protection and, as a result, pollution levels fall. a study by grossman and krueger found this generally occurred before per capita income levels reached
A study by Grossman and Krueger found this generally occurred before per capita income levels reached $8,000.
What is pollution?Pollution can be defined as the physical degradation, destruction or contamination of the environment, especially through littering of waste products (garbage) or an emission of hazardous, poisonous, and toxic chemical compounds by various factories and industries.
According to the study conducted by Grossman and Krueger in the early 1990s, there is a hump-shaped (inverse-U-shaped) relationship between levels of pollution and income levels in the economy. This ultimately implies that, as the economy grows and income levels rise, at some point, the levels of pollution would decrease.
Based on the environmental Kuznets curve (EKC) by Grossman and Krueger, which was a graph of pollution levels in terms of GDP per capita, the peak of the predicted pollution-income paths generally occurred before a country reaches a per capita income of $8000 in 1985 dollars.
In this context, we can reasonably and logically deduce that the study conducted by Grossman and Krueger found that the above generally occurred before per capita income levels reached $8,000 in 1985 dollars.
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Complete Question:
At some point, rising income levels lead to demands for greater environmental protection and, as a result, pollution levels fall. A study by Grossman and Krueger found this generally occurred before per capita income levels reached.
$1,000.
$25,000.
$31,000.
$8,000.
Which of the following is characteristic of a centrally planned economy?
of the two organizations created at bretton woods in 1944, which is considered the less controversial?
Out of the two organizations created at Bretton woods in 1944, the one that is considered the less controversial is World Bank.
What was Bretton Woods?The Bretton Woods System came about as a result of a meeting in 1944 called the Bretton Woods Agreement.
This agreement called for rules that would govern the financial relationships between the major nations of the world. It formed the World Bank and the International Monetary Fund with the World Bank being less controversial.
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ig? anyone plsssssssssssssssssssss
ramirez__jayden
idueiwiiiww
the demand curve that xyz corporation faces is identical to which of its other curves? check all that apply.
The demand curve that Vesoro faces is identical to which of its other curves? Check all that apply: Marginal revenue curve. Marginal cost curve
What is Marginal revenue?The increase in revenue that happens as a result of selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant above a certain level of output, it will eventually begin to decline as the output level rises due to the law of diminishing returns. According to economic theory, firms that are completely competitive keep on producing until marginal revenue and marginal cost are equal.
The incremental shift in profits brought on by the sale of one extra unit is referred to as marginal revenue.
A corporation can determine the revenue from each additional unit sold by performing a marginal revenue analysis.
Marginal revenue is sometimes represented graphically as a downward sloping line that depicts how a business typically has to lower its prices to get more sales.
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How is the principle of ""there’s no such thing as a free lunch"" illustrated in a socialist economy?.
There ain't no such thing as a free lunch," sometimes known as "there is no such thing as a free lunch," is a statement that expresses the cost of making decisions and consuming goods and services. This idiom emphasizes the point that there is never anything in life that comes without a price, even if it seems to be free.
Larger-than-average government programs and higher tax rates are typical in socialist nations.
This concept of a "free lunch" is linked to the contemporary welfare state, which emerged as a compromise between socialism and free-market capitalism (which means the private, or corporate, ownership of the same). It's impossible to name a really socialist or fully capitalist society among those that have existed throughout history.
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is the most comprehensive standard as it provides a set of requirements for a quality management system for all organizations, both private and public.
ISO 9001:2008 is the most comprehensive standard as it provides a set of requirements for a quality management system for all organizations, both private and public.
What is ISO 9001:2008 Quality management systems ?It aims to increase customer satisfaction through the effective application of the system, including processes for continuous system improvement and the assurance of conformity to customer and applicable statutory and regulatory requirements. The ISO 9001:2008 standard outlines the specifications for a quality management system where a company must prove its capacity to consistently deliver a product that complies with customer and relevant legal and regulatory criteria.
No matter the type, size, or type of product offered, all requirements of ISO 9001:2008 are generic and intended to be relevant to all enterprises.
Any ISO 9001:2008 requirement(s) that cannot be applied because of the nature of the business or the product might be excluded.
When exclusions are made, claims of conformity to ISO 9001:2008 are not acceptable unless they are restricted to Clause 7 requirements and do not affect the organization's capacity or obligation to deliver a product that complies with the needs of the customer and any applicable legal and regulatory requirements.
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amber is your best friend's 19-year-old daughter. amber has a two-year-old child. you know that amber lived at home and was a full-time student until she quit college at the end of september of the tax year. your friend (amber's mom) gives you amber's tax documents and tells you to let amber claim herself and claim her child for earned income credit (eic). to meet the eic due diligence knowledge requirement, you:
Able to finish Amber's form and file her as a single, non-dependent taxpayer with an Earned Income Tax Credit (EITC) for her kid.
The requirements listed below must be met in order to qualify.
The youngster must possess a current social security number.The only person who should be claiming this child is Grace.Amber's child must pass the four examinations listed below.a) The kid must have resided with Amber in the United States for more than half of the year.
b) The youngster must be under the age of 19 or 24, if they are full-time students.
c) Grace's child shouldn't have filed a joint return, according to the Joint Return Test.
d) The kid should be a daughter, son, adopted child, stepchild, etc. Relationship test
Amber should have earned less than $40320 in adjusted gross income for the whole year because she only had one child.
If the aforementioned requirements are met, Amber's return can be filed, designating her as a single, non-dependent taxpayer with an Earned Income Tax Credit (EITC) for her kid.
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we say economists or social scientists are doing positive analysis when they: question 10 options: focus on policies and rhetoric that encourage people to be optimistic about the future. look for regularities and principles that can help show how the economy works. claim that there is no value-free social science so articulating one's values is important. try to improve the welfare of all citizens
The topic referred to above is Positive Economics.
Positive economics: It is the study of economics through an objective and analytical perspective. Most economists enumerate their future predictions on their past and present experiences i.e. what has already happened and what is happening in a particular economy. This investigation process is economically very advantageous.
Advantages of Positive Economics:
Policymakers can use positive economic theory to execute normative value judgments.
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multiple choice question sheldon company had owner investments of $1,000; net income during the period of $5,000; and owner withdrawals of $250. the ending balance in the owner's capital account is
The ending balance in the owner's capital account is $5,750
How to calculate the ending balance ?The parameters given in the question are
owner investment - $1000
net income- $5,000
owner's withdrawals- $250
The ending balance can be calculated as follows
= 1000 - 250
= 750
5,000 + 750
= 5,750
Hence the ending balance in the owner's capital account is $5,750
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Choose the answer.
Miguel is planning a teleconference that involves people from New York, Los Angeles (three hours behind New York), and Paris (six hours ahead of New York). He wants to avoid making anyone participate when people in that time zone are typically asleep. When is the best time for him to plan this teleconference using New York (Eastern) time?
Question 2 options:
6:00 a.m.
noon
4:00 p.m.
6:00 p.m.
Answer:
4:00 p.m or
by noon
Because it would be too early by 6:00am in the morning but by noon or 4:00pm everyone would have been ready by then.
suppose jake is currently using combination d, producing one truck per day. his opportunity cost of producing a second truck per day is
There are two main types of opportunity cost and they are:
explicit opportunity cost implicit opportunity cost. What is Opportunity Cost?This refers to the foregone alternatives that are made when making a purchasing decision.
Hence, we can see that your question is incomplete, so I gave you a general overview to help you get a better understanding of the concept.
With this in mind, although the question is incomplete, an opportunity cost is a foregone alternative and this shows what was forfeited for something else
Hence, with the knowledge of this, you can find the opportunity cost with the complete question.
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In simple summary form, the calvin cycle requires an input of __________ for every product that is formed and the output product is __________, which is used for glucose synthesis.
Answer:
a. 3 CO₂
b. a three-carbon molecule
suppose that a manufacturer can produce a part for $ with a fixed cost of $. alternately, the manufacturer could contract with a supplier in asia to purchase the part at a cost of $, which includes transportation. a. if the anticipated production volume is units, compute the total cost of manufacturing and the total cost of outsourcing. b. what is the best decision?
The total cost of manufacturing = Fixed cost + variable cost per unit * number of units produced
Where fixed cost = $5,000
Variable cost per unit = $10
Number of units produced = 1,200 units
Therefore,
Total cost of manufacturing = $5,000 + $10 * 1,200
= $5,000 + $12,000
= $17,000
The total cost of outsourcing = price per unit * number of units
= $12 *1,200
=$14,400
The best decision is outsourcing as the cost of outsourcing is lower than the cost of manufacturing for the same number of units.
The break-even volume is where the cost of manufacturing will be equal to the cost of outsourcing:
Means
Fixed cost + variable cost per unit * number of units produced = price per unit * number of units
Assume that the break-even volume is X units
Therefore
$5,000 + $10 * X = $12 *X
Or $12 X - $10 X = $5,000
Or X = $5000/$2 = 2,500 units
Therefore the break-even volume is 2,500 units.
If the company’s estimate is less than 2,500 units in that case outsourcing is more economical and if the company’s estimate is more than 2,500 units in that case manufacturing of parts is more economical.
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sells general merchandise directly from the manufacturer at a discount; items may be discontinued or have certain product flaws.
Outlet stores offer general stuff at a reduced price that is sold directly from the manufacturer; certain items may have been discontinued or have manufacturing defects.
Customers might get daily deals and lower pricing at an outlet store. Outlet stores actually started out as locations where merchants offered discounted or damaged goods for sale. Outlets have evolved into stores that satisfy consumer demand for name-brand goods that are reasonably priced and of high quality. In contrast, a retail store's purpose is to sell high-quality goods at retail prices, therefore there aren't many discounts unless there is a sale or special occasion. The quality of the products sold at an outlet store is related.
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gre ets if germany’s total tax revenue in 2000 was approximately $170 billion, approximately what was the amount of the total retail gasoline sales in germany that year?
The amount of the full retail gasoline sales in Germany that yr:
The first factor out that fuel tax is 20.4 of a hundred and seventy billion, which means we do have around 34 billion. Now: within the first graph fuel sales were 70.7. This % 70.7 of 34 billion = around 50 billion. E is the answer.
Fuel is a mixture of many specific hydrogens- and carbon-containing chemicals (hydrocarbons). an average gasoline combination carries about one hundred fifty distinctive hydrocarbons, such as butane, pentane, isopentane, and the BTEX compounds (benzene, ethylbenzene, toluene, and xylenes).
Gas, also spelled gasolene, also known as gasoline or petrol, a combination of volatile, flammable liquid hydrocarbons derived from petroleum and used as gasoline for inner-combustion engines. it's also used as a solvent for oils and fats.
Etymology. "gas" is an American word that denotes gas for cars. The time period is an idea to have been stimulated by the trademark "Cazeline" or "Gasoline", named after the surname of British publisher, espresso service provider, and social campaigner John Cassell.
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What does it mean to have a strong work ethic?
A.
doing what is best for yourself
B.
doing the bare minimum that your boss requires
C.
being strong enough to lift heavy objects
D.
being willing to work until the job is done
Answer:
the correct answer is D.
A single person earns a gross biweekly salary of $840 and claims 5 exemptions. How will federal taxes affect his net pay?.
Federal taxes affect Net pay will decrease $13 from the gross pay.
Tax is collected from individuals and corporations by the city, state, or country where they reside or operate. When the tax collected is credited to the country's government, it is referred to as a federal tax. Governments use the money collected through federal taxes to pay for the growth and upkeep of the country.
The federal income tax is a tax on annual earnings for individuals, businesses, and other legal entities. All wages, salaries, cash gifts from employers, business income, tips, gambling income, bonuses, and unemployment benefits are subject to a federal income tax.
The rates apply to taxable income—adjusted gross income minus either the standard deduction or allowable itemized deductions. Income up to the standard deduction (or itemized deductions) is thus taxed at a zero rate. Federal income tax rates are progressive: As taxable income increases, it is taxed at higher rates.
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Answer:
D
Explanation:
source: Trust me bro
ken works for a company that has many different departments and there are vice presidents who oversee each department brainly
Ken operates for a company that has many distinct departments, and there are vice presidents who oversee each department. Ken's company Decentralized is the type of association.
Decentralized
In the business world, the decentralization of movements consists of the separation into units in which each of these departments has a responsible and independent boss. This is the Oporto of centralization, which consists of the control of all actions by a single leader. Decentralization is a common technique that seeks to give more efficiency and control to the actions of a company.
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a(n) blank market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among member nations.
A common market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among member nations.
Why was the common market formed?Through the removal of the majority of trade barriers and the development of a unified external trade strategy, the EEC was created with the goal of establishing a common market among its members. In order to shield EEC farmers against agricultural imports, the treaty also called for the creation of a unified agricultural policy, which was implemented in 1962.
A free trade zone with a reasonably unrestricted circulation of goods and services is referred to as a common market. When it was a regional organization from 1958 to 1993, the European Economic Community was known as the "Common Market."
In a customs union, all or almost all of a country's imports, exports, and transiting commodities are subject to the same set of processes, regulations, and tariffs. Customs union participants typically have similar trade and competition laws.
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six major environmental forces have been identified as reshaping management. which three currently, in your judgment, have the greatest impact and why?
The three current environmental forces that have the greatest impact is technological force, demographic force, and socio-cultural forces.
What are environmental forces?The environmental forces are referred to as forces that affect the operations of any business by changing its growth and improvements in terms of revenue.
Six environmental factors include political, economic, social, technological, Legal, and environmental. Among these technological, socio-cultural, and demographic plays a crucial role as it helps to understand the demand of customers.
These forces change the demand for any product and affect the supply chain based on trends and preferences as well as the market approach of the customers.
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a review of the accounting records of solomon manufacturing indicated that the company incurred the following payroll costs during the month of march. assume the company's financial statements are prepared in accordance with gaap. salary of the company president—$31,000. salary of the vice president of manufacturing—$16,200. salary of the chief financial officer—$19,600. salary of the vice president of marketing—$15,200. salaries of middle managers (department heads, production supervisors) in manufacturing plant—$199,000. wages of production workers—$931,000. salaries of administrative personnel—$110,000. salaries of engineers and other personnel responsible for maintaining production equipment—$173,000. commissions paid to sales staff—$259,000.
Part A: Selling, general, and administrative expenses are those that are not directly related to the sale of each product. In other words, these expenditures are not included in COGS.
When an SG&A cost is deemed a direct cost, it is allowed to classify the cost as cost of goods sold on the income statement.
It is also allowed in the provided Question to shift commission paid to sales employees to COGS because it may be directly tied to product sale. The attached payroll expenses X would be classed as SG&A. Hence the total SG&A cost is $ 434,800.
Part B: Payroll Costs that are classified as Cost of Goods Sold
COGS are the costs involved in the process of manufacturing or producing products.
It covers direct labor expenses of employees who manufacture the items as well as manufacturing overhead, which are expenditures associated with producing the commodities. Hence, the Payroll Costs that are included in the cost of goods sold are: $ 1, 319, 200
For computation see the attached image.
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