Sheridan Company's prepaid insurance was $192000 at December 31, 2021 and $89600 at December 31, 2020. Insurance expense was $62000 for 2021 and $53300 for 2020. What amount of cash disbursements for insurance would be reported in Sheridan's 2021 net cash provided by operating activities presented on a direct basis

Answers

Answer 1

Answer:

$164,400

Explanation:

Calculation to determine What amount of cash disbursements for insurance would be reported in Sheridan's 2021 net cash provided by operating activities presented on a direct basis

Using this formula

Cash disbursements for insurance =2021 prepaid insurance +Insurance expense-BOY prepaid insurance

Let plug in the formula

Cash disbursements for insurance=$192,000+ $62,000-$89,600

Cash disbursements for insurance=$164,400

Therefore the amount of cash disbursements for insurance that would be reported in Sheridan's 2021 cash provided by operating activities presented on a direct basis is $164,400

Related Questions

The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 62 students enrolled in those two courses. Data concerning the company’s cost formulas appear below: Fixed Cost per Month Cost per Course Cost per Student Instructor wages $ 2,960 Classroom supplies $ 270 Utilities $ 1,220 $ 75 Campus rent $ 4,800 Insurance $ 2,300 Administrative expenses $ 3,900 $ 44 $ 7 For example, administrative expenses should be $3,900 per month plus $44 per course plus $7 per student. The company’s sales should average $890 per student. The company planned to run four courses with a total of 62 students; however, it actually ran four courses with a total of only 56 students. The actual operating results for September appear below: Actual Revenue $ 52,280 Instructor wages $ 11,120 Classroom supplies $ 16,590 Utilities $ 1,930 Campus rent $ 4,800 Insurance $ 2,440 Administrative expenses $ 3,936 Required: 1. Prepare the company’s planning budget for September. 2. Prepare the company’s flexible budget for September. 3. Calculate the revenue and spending variances for September.
Scuba Diving. Marcy invented a new type of mask for scuba divers that was not subject to fogging. She agrees to allow Jenny to manufacture and sell the mask. She receives a sum of money for every mask that Jenny sells. Similarly, Marcy entered into an agreement with Frank to allow him to sell the masks, but only if he also purchased non-patented diving suits from Marcy. All parties proceeded to do very well with their sales. Which of the following describes the agreement between Marcy and Frank?1)It is a legal tying arrangement.2)It is a legal cross-licensing agreement.3)It is an illegal tying arrangement.4)It is an illegal cross-licensing agreement.5)It is both a legal tying and a legal cross-licensing agreement.
The projected benefit obligation was $460 million at the beginning of the year. Service cost for the year was $25 million. At the end of the year, pension benefits paid by the trustee were $21 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuaries discount rate was 5%.
What rate of interest with continuous compounding is equivalent to 8% per annum with monthly compounding?
A company estimates the following manufacturing costs for the next period: direct labor, $536,000; direct materials, $211,000; and factory overhead, $119,000. Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its overhead cost as a percent of direct materials.

The process for converting present values into future values is called compounding. This process requires knowledge of the values of three of four time-value-of-money variables. Which of the following is not one of these variables? A. The interest rate (I) that could be earned by deposited funds
B. The present value (PV) of the amount deposited
C. The duration of the deposit (N)
D. The trend between the present and future values of an investment

Answers

Answer:

D. The trend between the present and future values of an investment

Explanation:

The future value of an investment formula is:

FV = PV (1 + i)^n

Where:

FV = Future Value of the investment
PV = Present Value of the investment
i = interest rate
n = number of compounding periods or duration of the deposit

We can determine that the trend between the present and future values of an investment is not needed to find the future value of an investment, because such trend is not part of the future value of an investment formula, while all the other variables are part of it.

Alpha Industries is considering a project with an initial cost of $7.9 million. The project will produce cash inflows of $1.63 million per year for 7 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 5.58 percent and a cost of equity of 11.25 percent. The debt–equity ratio is .59 and the tax rate is 40 percent. What is the net present value of the project?

Answers

Answer:

$494,918

Explanation:

For computation of net present value we need to follow some steps which is shown below:-

After tax cost of debt = Pretax cost of debt × (1 - tax rate)

=5.58% × (1 - 0.4)

= 3.348%

debt ÷ equity

= Debt - equity ratio

Hence debt = 0.59 equity

Assume the equity be $x

Debt = $0.59x

Total = $1.59x

WACC = Respective costs × Respective weights

= (x ÷ 1.59x × 11.25%) + (0.59x ÷ 1.59x × 3.348)

= 8.318%

Present value of annuity = Annuity × (1 - (1 + interest rate)^ - time period] ÷ Rate

=1.63 × [1 - (1.08317811321)^-7]÷ 0.08317811321

= $1.63 × 5.150256501

=$8,394,918.10

Net present value = Present value of cash inflows - Present value of cash outflows

= $8,394,918.10 - $7,900,000

= $494,918

True or false: it’s always immediately obvious when boundaries are crossed in a relationship.

Answers

Answer: i’m pretty sure it’s true.

Explanation:

a change in the way they act towards you is an example.

Final answer:

The statement "it's always immediately obvious when boundaries are crossed in a relationship" is false.

Boundaries being crossed in a relationship can often be subtle and gradually escalate over time.

Explanation:

The statement "it's always immediately obvious when boundaries are crossed in a relationship" is false.

Boundaries being crossed in a relationship can often be subtle and gradually escalate over time, making it difficult to recognize the signs.

Sometimes, people may not even be aware that their boundaries have been violated. Additionally, cultural and societal norms can influence how boundaries are perceived.

It is important to establish and communicate boundaries in relationships, as well as to be aware of any signs of boundary violations, such as feeling uncomfortable, disrespected, or manipulated.

Learn more about Boundaries here:

brainly.com/question/32221367

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You have 24 cups of milk.You need 1.25 cups to make one serving of deep-fried chicken.
How many servings can you make? Whole servings only - round down
rather than using partial servings.
Answer:
to make a servings of roast beef gravy.

Answers

Answer:

19.2 serving

Explanation:

Because if you have 24 cups of milk and need 1.25 cups to make 1 serving we would have to divide.

24 cups of milk - 1.25 cups of milk per serving = 19.2

Investors expect the market rate of return this year to be 14.50%. The expected rate of return on a stock with a beta of 1.2 is currently 17.40%. If the market return this year turns out to be 12.10%, how would you revise your expectation of the rate of return on the stock?

Answers

Answer:

14.52%

Explanation:

The computation of the rate of return on the stock is shown below:-

The expected rate of return on the stock = Beta × (Rate of return - Market rate of return)

= 1.2 × (0.121 - 0.145)

= - 2.88%

So, the expected rate of return on the stock = Current percentage - expected rate of return on the stock

= 0.174 - 0.0288

= 14.52%

Therefore we simply applied the above formulas

1. List names of all employees who are not from Department A00. 2. What is the average of all employee salaries? 3. Which employees earn more than average? 4. List names and salaries of employees earning more than $35,000. 5. Increase Ms. Haas's salary to $500,000 and then list her new monthly salary.

Answers

Please find schedule attached

Answer and Explanation:

1. Names of employees who are not from Department A00 include employees whose work department isn't A00 such as:

Michael Thompson, Sally Kwan, John Geyer, Irvin Stern etc(please refer to attachment)

2. Average of all employees salary = total employees salary /number of employees = $627415/25=$25096.6

3. There are 16 employees earning above the average salary of the employees, such as Christine Haas, Sally Kwan etc

4. There are 6 employees earning above $35000 such as Christine Haas, Michael Thompson, Sally Kwan, John Geyer etc

5. Ms. Haas currently makes $633000 yearly($52750 per month). If she makes $500000 per year then her salary per month will be $500000/12=$41666

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