Answer:
Total cash flow to stockholders 13,320
Explanation:
We should consider the actual cash paid by the firm in favor of the stockholders. Net income doesn't represent cashflow is the amount earned by the company but a portion of it is reinvested or hold by the firm. What it matter for cashflwo arethe cash dividends and treasury stock as these are actual cashflow in going into the stockholders pockets
from dividends 4,535
from stock repurchase 8,785
Total cash flow to stockholders 13,320
Answer:
11.12
Explanation:
See attached files
Answer:
Explanation:
Suppose that LilyMac Photography has annual sales of $233,000, cost of goods sold of $168,000, average inventories of $4,800, average accounts receivable of $25,600, and an average accounts payable balance of $7,300.
Assuming that all of LilyMac’s sales are on credit, what will be the firm’s cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Answer:
Establish metric-based performance measures.
Explanation:
In the given scenario the line managers are not taking corporate objectives into consideration in their decision making.
As a upper-level manager can resolve this by introducing metric based performance measures that will show clearly productivity of the line managers.
The Key Performance Indicators should be tailored to the organisation's objectives.
The line managers that are not performing well according to the KPIs will need to align and perform better in the specific areas.
This is an effective way of disseminating the corporate objectives in the organisation.
To effectively disseminate corporate objectives throughout an organization, holding supervisory manager meetings, establishing metric-based performance measures, and evaluating and increasing manager salaries and benefits can be effective methods.
In order to correct the issue of corporate objectives not being effectively disseminated throughout an organization, the best method to try would be to hold a series of supervisory manager meetings. This would create a direct channel for upper management to communicate these objectives to line managers. It also gives room for discussion, understanding, and eventual implementation of the objectives in their decision-making process. Establishing metric-based performance measures could also be useful in this context as it would provide a defined and quantifiable way to bring about desired behaviors in line-level managers by linking their performance indicators directly to corporate objectives. Evaluating and increasing manager salaries and benefits will also incentivize them to work in accordance with the corporate objectives.
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Answer: Time period
Explanation:
From the question, we are informed that Johanna recently took over her father's business and she considered changing the date when she records and reports the business' financial results but her accountant advised her not to do this.
The accounting principle that is the basis of the accountant's advice is time period principle. The time period principle states that information regarding a particular transaction shouldn't be changed when it has been reported for at a particular time period.
Answer:
She should subtract the lowest unit of the product produced at a particular time of the day from the highest unit of the product produced at another time of the day
Explanation:
Range is calculated by subtracting the lowest output at a given time of the day from the highest output at another time of the day
B. $23,800 net increase in operating income if the ceiling fans are sold as is.
C. $23,800 net increase in operating income if the ceiling fans are repaired.
D. $9,860 net increase in operating income if the ceiling fans are sold as is.
Answer:
A. $9,860 net increase in operating income if the ceiling fans are repaired.
Explanation:
If the company don't do anything with defective fans, they still occurs manufacturing cost of $20,060 (=$59 * 340)
(1) if the company sell defective units, operating income is -12,240 or loss of $12,240 =(340*$23-$20,060)
(2) if the company process further for a cost of $41 each and then sell for the normal selling price, the operating income is -2,380 loss of $2,380= 340*($93-$41) - $20,060
So if the fans are repaired, the net increase in operation income is $9,860 =(-2,380-( -12,240))
Answer:
Bank Reconciliation Statement
Balance at Bank as per updated cash book $29,950
Add Unpresented Cheques $7,100
Less Bank Lodgements not yet credited ($7,700)
Balance as per Bank Statement $29,350
Explanation:
The first step is to update the Cash Book Bank Balance as follows :
Debit :
Balance as at May 31 (un-adjusted) $30,500
Totals $30,500
Credit:
Service Charges $250
Dishonored Cheque $300
Updated Cash Book Balance (balancing figure) $29,950
Totals $30,500
The next step is to prepare a Bank Reconciliation Statement
Bank Reconciliation Statement
Balance at Bank as per updated cash book $29,950
Add Unpresented Cheques $7,100
Less Bank Lodgements not yet credited ($7,700)
Balance as per Bank Statement $29,350
The Bank Statement has an error and must be reported :
After the Error is Reported, the Bank Statement will show a Balance of $29,350.
Adjustment Being as follows,
Balance as at May $28,800
Add Back Check Mistakenly drawn against Wright’s account $550
Balance as per Bank Statement $29,350