4 poin 12. A firm's total Free Cash Flow for the year equaled $21,400. They reported an EBIT of $5,000, Depreciation Expense of $1,200, and Capital Expenditures of $2,500. Their corporate tax rate is 40%. How much was their change in net working capital for the year? A. Increase by $19,700
B. Decrease by $19,700
C. Increase by $3,100
D. Decrease by $3,100
E. None of the above

Answers

Answer 1

Change in Net Working Capital = Decrease by $15,900 the correct answer is E. None of the above.

To calculate the change in net working capital, we need to use the formula:

Change in Net Working Capital = Ending Net Working Capital - Beginning Net Working Capital

We don't have this information directly, but we can use some other information to calculate it indirectly. Specifically, we can use the formula for Free Cash Flow:

Free Cash Flow = EBIT - Taxes - Change in Net Working Capital - Capital Expenditures

Solving for Change in Net Working Capital, we get:

Change in Net Working Capital = EBIT - Taxes - Free Cash Flow + Capital Expenditures
Change in Net Working Capital = $5,000 x (1 - 0.4) - $21,400 + $2,500
Change in Net Working Capital = $3,000 - $21,400 + $2,500
Change in Net Working Capital = -$15,900

This means that the firm's net working capital decreased by $15,900 during the year. However, the question is asking for the change in net working capital, not the actual amount. So we need to reverse the sign:

Change in Net Working Capital = -$15,900

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Related Questions

This question has 2 parts
(Use picture for part 2)

National Unemployment Rate Rising
Rate of Inflation Falling

Given the conditions in the headline above, what is likely to happen to spending in
the economy?

spending would decrease because income is rising

spending would increase because prices are rising

spending would decrease because income is falling

spending would stagnate because income is falling

This question has 2 parts (Use picture for part 2)National Unemployment Rate RisingRate of Inflation

Answers

Since the image is not given, answer will be subjective. The spending in

the economy would decrease because income is falling.

What is income?

The income of a person is known to be what a person is been paid for working for a firm or others.

Note that  The spending in the economy would decrease because income is falling because there is no much money in the circulation.

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On average, a person with a bachelor's degree earns
than a person
with an associate degree and
than a person with a master's
degree.

Answers

Answer:

More than a person with an associate degree and less than a person with a masters degree.

Explanation:

20. One way the federal government can control inflation is to increase
A) the money supply.
B) public spending.
C) the tax rate.
D) bank regulation

Answers

One way the federal government can control inflation is to increase public spending.

Therefore, Option B is the correct option.

What is Inflation?

In the field of economics, inflation is the broad term for a rise in the cost of goods and services across an economy. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.

In conclusion, inflation is the term used to describe a long-term, widespread increase in the cost of goods and services throughout the economy, which reduces both consumer and company purchasing power. In other words, a dollar (or whatever currency you choose to pay with) will not buy as much today as it did yesterday.

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collective nouns , A Glory of​

Answers

Answer: uh what?

Explanation:

a technology boom improves technology across industries, improving their productivity. what effects would this have on aggregate demand or aggregate supply, other things equal?

Answers

A technology boom improves technology across industries causing companies to invest, improving their productivity will increase aggregate demand and increase aggregate supply.

How are aggregate demand and aggregate supply related?

Aggregate supply, or real GDP, is the entire amount of product that businesses will generate and sell.  The four production factors—labor, capital goods, natural resources, and entrepreneurship—are what drive aggregate supply. By making financial capital more readily available, these factors are improved.

The amount that businesses are willing to create and the amount that customers are willing to demand at a particular price point are expressed as aggregate supply and aggregate demand. Consumer spending, business investments, governmental expenditures, and net exports are all included in aggregate demand, which is the entire amount of money spent by an organization. When the aggregate demand meets the aggregate supply, macroeconomic equilibrium takes place.

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monetary policy that lowers the interest rate is called because it . a. contractionary monetary policy; reduces sras. b. expansionary monetary policy; increases ad. c. expansionary monetary policy; increases sras. d. contractionary monetary policy; reduces ad.

Answers

Monetary policy that lowers the interest rate is called expansionary monetary policy because it increases sras (option c).

What is monetary policy?

Monetary policy is a term used to describe the actions of a central bank or other regulatory authority that manage the money supply of a country or currency. It includes the tools used to adjust the availability and cost of money, credit, and other financial instruments. The primary purpose of monetary policy is to achieve macroeconomic goals such as price stability, full employment, and economic growth. Monetary policy is conducted by central banks and influenced by government fiscal policies. Central banks use various tools such as setting interest rates, changing reserve requirements, and buying and selling government securities to influence economic activity.

Expansionary monetary policy is used to stimulate economic growth by lowering interest rates. This leads to increased spending and investment, which in turn increases aggregate demand, creating more jobs and boosting economic growth. Expansionary monetary policy can be achieved by reducing the reserve requirement, increasing the money supply, or purchasing government securities.

It can be concluded that monetary policy that lowers the interest rate is called expansionary monetary policy because it increases sras (option c).

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How to report someone abusing unemployment anonymously?.

Answers

Contact the appropriate authority responsible for unemployment benefits and inquire about anonymous reporting options to report someone abusing unemployment.

To report someone abusing unemployment anonymously, you can follow these general steps:

Gather evidence: Collect any relevant information or evidence that supports your claim, such as the person's name, address, social security number, and details of the abuse.Contact the appropriate authority: Reach out to the agency responsible for unemployment benefits in your jurisdiction. This could be the state labor department or a similar government agency.Maintain anonymity: Check if the agency provides an anonymous reporting mechanism. Some jurisdictions have dedicated hotlines or online reporting forms that allow you to report anonymously without disclosing your identity.Provide detailed information: Provide a clear and concise account of the suspected abuse, including specific incidents or behaviors that indicate fraudulent activity.

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5 methods that maybe used to engage in trade w within the business environment.​

Answers

The five main factors that influence international trade are: the existence of government regulations, variances in technology, variations in resource endowments, variations in demand, and the availability of economies of scale.

What techniques are employed to regulate global trade?

Governments primarily use tariffs, subsidies, and quota systems to impose trade restrictions. A quota system places limits on the quantity of commodities that may be imported into a nation. Governments can limit the amount of imports to assist safeguard native businesses by using quota systems.

What drives people to trade?

Trade is essential to the prosperity of the United States because it boosts economic expansion, promotes domestic employment, raises living standards, and enables citizens to sustain their families with reasonably priced goods and services.

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4) compared to a perfectly competitive industry, a monopolist: group of answer choices a) charges a higher price b) earns less profit in the long run c) increases consumer surplus d) produces a large quantity

Answers

Compared to a perfectly competitive industry, a monopolist charges a higher price. So option a. is correct.

A monopolist refers to an individual, group, or company that dominates and controls the market for a specific good or service. This lack of competition and lack of substitute goods or services means the monopolist wields enough power in the marketplace to charge high prices. The United States government regulates unfair competition by enforcing antitrust laws, which restrict monopolies and protect consumers from predatory business practices.

Some monopolies are legal and sanctioned by the government, such as companies in the utilities sector.

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A person who is a good employee of a multinational company means that he is fit to be an entrepreneur. TRUE or FALSE

Answers

I believe it’s true but I could be wrong

On what ideology is Blake and Mouton’s Managerial/Leadership Grid based? (BLANK) theory suggests that traits are inherent, while conduct can be taught.

Answers

The Blake and Mouton’s managerial grid is based on the concern for production(tasks) and concern for people(relationships). The Great man theory suggests that traits are inherent, while conduct can be taught.

What do you mean by Blake and Mouton's managerial grid and Great Man Theory.

As per the Managerial Grid, developed by Robert Blake and Jane Mouton, five different types of leadership based on their concern for the production and concern for the people are located in four quadrants.. According to the Great Man Theory leaders are born with the right traits and abilities for leading –  charisma, intellect, confidence, communication skills, and social skills.

The concern for production is illustrated on the horizontal axis of the managerial grid and production became more important to the leader as his rating advances on the horizontal scale.

The Great Man Theory of Leadership emphasizes that great leaders are born, not made. These individuals come into the world possessing certain characteristics and traits not found in all people.

The Managerial grid is a useful device for identification and classification of managerial styles.

The essence of the Great Man Theory lies in the fact that those in power deserve to lead because of the traits they have been endowed with.

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What are personal loans?

Answers

Answer:

personal loan is a specific amount of money you can borrow from the bank, with a fixed interest rate and you pay it back within a predetermined amount of time. 

Which of the following statements is true?
a) In order to estimate k and n from raw data, we must have at least one "doubled pair".
b) Positive values for n indicate that we are experiencing "unlearning" (we are getting worse over time).
c) Exponential decay means that the improvement from the 10thunit to the 11th unit is less than the improvement from the 20thunit to the 21st unit.
d) All of the above statements are true.
e) All of the above statements are false.

Answers

The statement that is true among the given options is (c) Exponential decay means that the improvement from the 10th unit to the 11th unit is less than the improvement from the 20th unit to the 21st unit.

Exponential decay refers to a mathematical model where a quantity decreases over time or with each subsequent unit. In this case, it implies that the rate of improvement or change diminishes as the units progress. Therefore, the improvement observed from the 10th unit to the 11th unit will be less than the improvement observed from the 20th unit to the 21st unit.

The other statements are not true. (a) In order to estimate k and n from raw data, having a "doubled pair" is not a requirement. (b) Positive values for n indicate improvement or learning, not "unlearning." (d) Not all of the statements are true, as mentioned above. Hence, the correct answer is (c) Exponential decay means that the improvement from the 10th unit to the 11th unit is less than the improvement from the 20th unit to the 21st unit.

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determine the present value now of an investment of $3,000 made one year from now and an additional $3,000 made two years from now if the annual discount rate is 4 percent.

Answers

The present value of the investment is $5,658.29.

The present value is the value of an investment today. It is determined by adding the sum of the discounted cash flows of the investment.

Present value of year 1 cash flows= $3000 / 1.04 = $2,884.62

Present value of year 2 cash flows=$3000 / 1.04² = $2,773.67

Sum of the discounted cash flows = $2,773.67 + $2,884.62 = $5,658.29

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Take It All Away has a cost of equity of 10.78 percent, a pretax cost of debt of 5.43 percent, and a tax rate of 40 percent. The company's capital structure consists of 76 percent debt on a book value basis, but debt is 36 percent of the company's value on a market value basis. What is the company's WACC

Answers

Answer:

Take It All Away has a cost of equity of 10.78 percent, a pretax cost of debt of 5.43 percent, and a tax rate of 40 percent. The company's capital structure consists of 76 percent debt on a book value basis, but debt is 36 percent of the company's value on a market value basis.

Explanation:

What is the company's WACC?

8.07%

10.68%

8.85%

9.44%

6.41%

1. The fundamental problem of economics is:
A. to establish an equitable system of personal and business taxation.
B. to establish a democratic political framework for the provision of social goods and services.
C. the scarcity of factors of production relative to the unlimited wants of humans.
D. to achieve a more equitable distribution of money income in order to mitigate poverty.

Answers

Answer:

I think C is the correct answer.


Owen is an hourly employee, and the line that models his total pay in dollars
as it relates to the number of hours he has worked has a slope of 25 and a y
intercept of 15. Which statement is true?

Answers

It is accurate to say this.

Owen makes $25 per hour, and it seems like he also got a $15 signing bonus.

How can I figure out a line's slope?

Find the coordinates of each of the two locations you choose along the line. The y-coordinates of these two locations should be distinguished (rise). The difference between these two places' x-coordinates should be determined (run). Divided by the difference in x-coordinates (rise/run or slope), the difference in y-coordinates is determined.

What distinguishes salaried workers from hourly workers?

Based on their total income, salaried employees typically receive the same amount each pay week. On the other hand, an hourly employee receives a defined wage for each hour that they work. For instance, if they work eight hours a day at $20 an hour, they would make $160 that day (before taxes).

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To calculate a predetermined overhead rate, divide estimated manufacturing by:

Answers

Divide the projected activity base by the estimated total manufacturing overhead to arrive at a predetermined overhead rate.

What is the overhead rate about?

Activity levels anticipated (such as machine hours, direct labor hours, or units produced). Using this rate, overhead expenses are then assigned to certain items or professions based on their real degree of activity. Manufacturers can better control and monitor their costs by using the predetermined overhead rate to apply overhead costs to each unit of output during the budgeting process. In light of the foregoing, this approach aids in ensuring that overhead costs are accurately reflected in product costs and that profits are estimated.

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when making aid offers, the financial aid office at a university needs to know how much money students can reasonably be expected to earn during the school year while attending that university. the population of interest is .

Answers

The population of interest, in this context, refers to the group of students attending the university for whom the financial aid office needs to determine the expected amount of money they can reasonably earn during the school year. This population typically includes enrolled students who are eligible for financial aid and have indicated a need for assistance.

Understanding the earning potential of students is crucial for the financial aid office to make informed decisions regarding aid offers. By assessing the expected earnings, the office can accurately determine the level of financial need and calculate an appropriate aid package for each student. Factors such as work-study programs, part-time employment opportunities, and students' skills and abilities are considered to estimate their potential income.

Considering the population of interest allows the financial aid office to tailor aid packages based on individual circumstances, ensuring that students receive adequate support while accounting for their expected earnings. This approach helps promote equitable and efficient allocation of financial aid resources within the university.

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Somebody help I'll give 30 points

Somebody help I'll give 30 points

Answers

Answer:

1. Salesforce helps their people feel good by giving back to the community. They also offer great challenges and rewards, and have open communication culture.

2. Cisco offers good benefits that focus on family and enabling people to combine parenthood with their jobs. It’s also a great place to learn and develop professionally.

3. Admiral allows people to give back to the community through charity. They have built a strong sense of belonging and believe in the importance of having fun so people bring their best to work.

Explanation:

Answer:

Happy meal wih a mcdoobale

Explanation:

an investor receives dividends from its investee and records those dividends as dividend income because:

Answers

An investor receives dividends from its investee and records those dividends as dividend income because dividends are a return on investment for shareholders.

Dividend income is recognized when the investor's right to receive the dividends is established, which generally occurs when the dividend is declared by the company.

The investor must ensure that dividends received are accurately recorded. This involves verifying the amount of the dividend, as well as the date on which the dividend was declared and received.

The investor should also make sure that any tax implications related to the dividend have been taken into account.

Once the dividend is declared and received, the investor must record the dividend income in the company’s financial statements.

This includes recording the amount of the dividend, the date on which the dividend was declared, and the date on which the dividend was received. The investor must also record any tax implications associated with the dividend income.

Once the dividend income is recorded, the investor can track and report on the dividend-related income, gains, and losses. The investor should also report any changes in the amount of the dividend income over time, as well as any changes in the dividend policies of the company.

By tracking and reporting on dividend-related income, gains, and losses, the investor can accurately assess their return on investment.

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Select the correct answer.
What is the minimum educational requirement for a pediatric psychopharmacologist?
A. MD
B. PhD
C. bachelor’s in medicine
D. master’s in medicine
E. PsyD

THE ANSWER IS A(md)

Answers

In my opinion I think the answer is C just to me

guysss i need helpppp
what color is a carrot plzzzzzz this teacher is on my a.ss about it

Answers

Answer:

BLUE Hope this helps :)))))

Explanation:

............

Answer:

totally megenta

Explanation:

☺️☺️☺️☺️☺️☺️☺️☺️

how to write a table of content ​

Answers

The table of contents should include all of the front matter, primary material, and back matter, as well as the chapter titles, page numbers, and bibliography. A decent table of contents should be simple to read, correctly formatted, and finalized to ensure complete accuracy.

a matrix or grid of information with columns and rows. a table including a number of mathematical calculations.

After the title page, begin a new page.

List the document's headings in alphabetical order.

Include subheadings if necessary.

Give each heading a page number.

Place the information in a table.

the Table of Contents' title.

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Goals should be manageable and large.
O A.
True
B.
False

Answers

Answer:

B) False

Explanation:

your goals can be above and beyond, may take a while to get there, but u will if u keep trying even if u fail the first time.

Include the following: 1. Briefly describe the issues you initially identified while reading the Mock Negotiation Problem. How did your views differ from those of your teammates? What research did you provide for your team during this process? Did it help? 2. Briefly describe the 6-8 demands your team decided on to negotiate. Why did you choose these demands to negotiate? Do you feel these demands were adequate for negotiations? Why or why not? How would you assess the effectiveness of your negotiation strategies? 3. Choose two demands and give the bargaining zone limits for each. a. What were the results of these two demands? 4. How do you feel the negotiating process went? Was it smooth? Difficult? Why? Were you fully prepared to negotiate with the opposing team? If not, why not? What could you have done better? What obstacles did you encounter? How did you deal with them? What do you feel could have been done better or differently? Compare your views of labor unions and management before and after this negotiation. Discuss the advantages of full team effort and participation during the negotiation process. 5. How are your views different than before? 6. Please state at least one recommendation for future negotiations.

Answers

At the Indianapolis factory, there appear to be problems with overtime, premium pay, and even using subcontractors in place of their own workers to do the task.

These were the Demands:

1.) Raise the escalation clause from three cents to five cents for each 0.4 percent increase in the CPI. evaluation of the escalator agreement every two years.

2. Continue to have staff available for emergency room visits.

*Company will launch a wellness initiative that emphasizes prevention, quitting smoking, a healthy diet, and prescription drug coverage through services like Medco by mail.

*The company shall set up and maintain a help program for workers who are dealing with stress and other conditions that cause stress.

3.) Extra time should be offered as a volunteer first, and if more workers are required, then should it become mandatory. Mandatory overtime is not required for anyone taking pre-approved vacations while away from town.

4.) At all times, the board of directors of the corporation must have a minimum of two union members.

5.) Extend medical insurance protection to employees who are laid off for 90 days

6.) Paid vacation periods of two weeks after two years of seniority and three weeks after five years.

Vacation will be one week long after the first six months, with maximum retention of 15 days and an extra day added on the employee's anniversary every year. Employees who work rotating shifts will get about the same amount of vacation time.

3. Overtime: In the meantime, the business may want overtime. This keeps going. In order to fill openings or jobs that cannot be filled by volunteers, it is demanded that overtime be made first and exclusively for volunteers. Here are two historical points. First, the business recently threatened to dismiss anyone who refused to work extra. Second, some workers claim that the opportunity to earn extra pay isn't fairly distributed and that managers favor their "friends" when offering overtime.

Employees will be able to anticipate when they will be required to work overtime thanks to the rotation of overtime among departments and skill sets. We'll use an alphabetical ranking system or a full-time apprentice-journey-man-full timetable. The element that is unexpected is how many employees will be needed at any one moment, but after the first series, employees will know whether they would have to work extra the next time.

4. There are currently calls for TWO representatives to be added to the board. They rationally reason that if we start with 2, we could eventually agree to let

1. We have decided that the board will have just one voting member. This is what was requested in the case study, and the union feels that it will enable us to have a more honest conversation with management and provide them access to more "hands-on" corporate knowledge.

2. A variety of wellness initiatives that address both physical and mental health concerns are demanded by the classroom union. In an effort to conserve money, the corporation recently pushed for the elimination of emergency department visits from health coverage and the enrollment of employees in HMOs.

A Union-Management committee will be struck to analyze wellness programs with the mandate to offer a binding proposal to this contract on wellness programs within six months provided that future health care costs are shared 50/50 and wait times for health and retirement are adopted.

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What is working capital?

Answers

Answer:

Working capital, also called net working capital (NWC), represents the difference between a company’s current assets and current liabilities.

NWC is a measure of a company’s liquidity and short-term financial health.

A company has negative NWC if its ratio of current assets to liabilities is less than one.

Positive NWC indicates that a company can fund its current operations and invest in future activities and growth.

High NWC isn’t always a good thing. It might indicate that the business has too much inventory or is not investing its excess cash.

Explanation:

can you me as brainliest if its right? i just need a few more to rank up! ^-^

Also have a great day and good luck in your studies!

answer:

the capital of a business which is used in it day-to-day trading operation, calculated as the current assets minus the current liabilities

You are the production manager for the toy manufacturing process at the abc company. lumber company right arrow→ abc toy manufacturing company right arrow→ toy store at the mall an example of an internal supplier is





a. the toy store at the mall.





b. the receiving department at abc.





c. the shipping department at abc.





d. the lumber company.

Answers

Answer:

b. the receiving department at abc.

Explanation:

The given production process involves a process flow from Lumber Company to ABC Toy Manufacturing to Toy Store at the Mall.

The Lumber company and Toy Store are external parties in this process, with Lumber Company being the External Supplier and Toy Store at the Mall being the External Customer.

Internally we have the Receiving Department at ABC, that receives input from the Lumber Company. Processes it and sends to the Shipping Department.

Therefore internally the Receiving Department at ABC is the supplier to the Shipping Department.

Which international organization provides loans at cheap rates to developing countries? a. the kyoto protocol b. the united nations c. the world bank d. the world trade organization

Answers

The world bank is the international organization provides loans at cheap rates to developing countries.

The correct option is (c).

The IMF provides financial assistance and works with governments to ensure responsible spending. The IMF offers various types of loans that are tailored to countries' different needs and specific circumstances. Loans to low-income countries carry a zero interest rate.

The World Bank promotes long-term economic development and poverty reduction by providing technical and financial support to help countries implement reforms or projects, such as building schools, providing water and electricity, fighting disease, and protecting the environment. World Bank assistance is generally long-term and is funded by member country contributions and by issuing bonds. World Bank staff are often specialists on specific issues, such as climate, or sectors, such as education.

The correct option is (c).

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pricing is the only element of the marketing mix which gives a)rupee b) cost c) price d) sales revenue​

Answers

A....sorry if I’m wrong
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explain the border dispute between mexico, the us, and texas Farmer Jackson is filling orders for eggs from his chickens. He has one order from Jareds Market Store for 64 eggs, and one order from Quick Grab Store for 76 eggs. The order for Jareds Market Store will take 4 small cartons and 5 large cartons. The order for Quick Grab Store will take 6 small cartons and 5 large cartons.How many eggs fit in each size of carton?A. A small carton holds 9 eggs, and a large carton holds 5 eggs.B. A small carton holds 6 eggs, and a large carton holds 8 eggs.C.A small carton holds 8 eggs, and a large carton holds 6 eggs.D.A small carton holds 5 eggs, and a large carton holds 9 eggs. use your understanding of absolute thresholds, sensory adaptation, and pain control to argue that sensation is often influenced by our motives, expectations, and psychological states of mind. Need help answering this question What does Adverse mean? x(-x) postive or negative #4. Suppose instead that MSB = 70, MC = 20 +5Q, and MD = 3Q. Find the market quantity, the efficient quantity, and the Pigouvian tax that would induce the firm to produce the efficient amount (10 poin What is the measure of the angle formed by Main Street and Park Street? Who filed a 1966 Supreme Court case because he was arrested and interrogated without being told of his rights?Leonard TinkerErnesto MirandaThurgood MarshallC. Lee Buxton Reflect on different learning styles of aboriginal and TorresStrait Island for improving cultural safety (e.g. methods andappropriate approaches to meet their cultural needs). A rectangular prism has a length of 4 1/2 centimeters, a width of 4 1/2 centimeters, and a height of 6 centimeters. Sally has a storagecontainer for the prism that has a volume of 143 cubic centimeters.What is the difference between the volume of the prism and the volume of the storage container?Enter your answer in the box as a simplified mixed number or a decimal.cm Which document do you think was the most important in the creation of the US Constitution? Iwill accept 2-3 sentences. Please include the name of the document and the reason you believe itis important. Please please please please please please please please please help me I dont know this question asking questions like this like Im in high school A hypertonic solution has: Fewer water molecules outside the cell than are inside the cell More water molecules outside the cell than are inside the cell The same number of water molecules inside and outside of the cell No water inside or outside of the cell The length and breadth of a rectangle are (3x-2) and (2x+5) respectively. Find the perimeter and area of the rectangle? Assume the November transactions for Camindo Co. are as follows:Received cash of $60,000 from investors in exchange for capital stock.Provided services of $16,300 on account.Purchased supplies on account $750.Received cash of $11,800 from clients for services previously billed.Received $6,250 for services provided from clients who paid cash.Paid $600 on account for supplies that had been purchased.Paid $3,380 for a one-year insurance policy.Paid the following expenses: wages, $7,800; utilities, $1,000; rent, $3,750.Paid dividends of $2,300 to stockholders.Record the transactions, using the integrated financial statement framework that follows:Assets = Liabilities + Stockholders' EquityCash Accounts Receivable Supplies Prepaid Insurance Accounts Payable Capital Stock Retained Earningsa. $ $ b. $ $c. $ $ d. $ $ e. $ $f. $ $ g. $ $ h. $ $i. $ $Bal $ $ $ $ $ $ $Calculate the November 30 cash balance and the amount of net income for November for Hoover Co.Ending cash balance $Net income $Prepare a multiple-step income statement for Surry Co. from the following data for the year ended December 31, 2016.Sales $915,000cost of merchandise sold $670,000administrative expenses $30,000interest expense $12,000rent revenue $19,000sales returns and allowances $55,000selling expenses $120,000Hide Multiple-step income statementSurry Co.Income StatementFor the Year Ended December 31, 2016Revenue from sales:Administrative expensesCost of merchandise soldGross profitIncome from operationsSalesSelling expensesCorrect 5$Correct 6Gross profitIncome from operationsInterest expenseLess: Sales returns and allowancesRent revenueSelling expensesCorrect 7Correct 8Net sales$Correct 10Administrative expensesCost of merchandise soldIncome from operationsInterest expenseLess: Sales returns and allowancesRent revenueCorrect 11Correct 12Administrative expensesGross profitIncome from operationsRent revenueSalesSelling expensesCorrect 13$Correct 14Operating expenses:Cost of merchandise soldGross profitLess: Sales returns and allowancesRent revenueSalesSelling expensesCorrect 16$Correct 17Administrative expensesCost of merchandise soldGross profitIncome from operationsRent revenueSalesCorrect 18Correct 19Total operating expensesCorrect 21Administrative expensesCost of merchandise soldGross profitIncome from operationsInterest expenseRent revenueCorrect 22$Correct 23Other income:Administrative expensesCost of merchandise soldGross profitRent revenueSalesSelling expensesCorrect 25$Correct 26Other expense:Administrative expensesInterest expenseLess: Sales returns and allowancesRent revenueSalesSelling expensesCorrect 28Correct 29Correct 30Net income$Given the following list of accounts, calculate Total Assets:Accounts Receivable $ 10,000Capital Stock 20,000Cash 25,300Equipment 16,800Fees Earned 44,400Miscellaneous Expense 17,800Rent Expense 3,250Retained Earnings 7,850Salaries Expense 15,400Wages Expense 15,000a. $54,600 b. $40,050 c. $52,100 d. $55,300Use the following information to determine Total Stockholders' Equity:Total Assets $ 45,000Total Liabilities 18,000Total Stockholders' Equity xTotal Retained Earnings 5,000a. $27,000 b. $58,000 c. $40,000 d. $32,000summary of the cash receipts and cash payments for a specific period of time is a(n):a. income statement. b. balance sheet. c. statement of cash flows. d. retained earnings statement.During 2015, Trinder Corporation had an increase in total assets of $80,000 and an increase in total liabilities of $60,000. Assuming that capital stock increased by $8,000 and no dividends were paid, calculate Trinder's net income or net loss for 2015.a. Net income of $72,000 b. Net income of $12,000 c. Net loss of $20,000 d. Net income of $28,000Which of the following is true about the cost principle?a. It reports the revenues earned by a company for a period with the expenses incurred in generating the revenues. b. It assumes that a company will continue in business indefinitely. c. It initially records assets in the accounting records at their purchase price. d. It limits the economic data recorded in an accounting system to data related to the activities of that company.The payment of $20,000 for expenses was incorrectly recorded by Elite Co. as an increase in cash of $20,000 and a decrease in retained earnings of $20,000. What is the effect of this error on the accounting equation?a. Total assets will exceed total liabilities and stockholders' equity by $40,000. {C}b. Total assets will exceed total liabilities and stockholders' equity by $20,000. c. The error will not affect the accounting equation. d. Total assets will be less than total liabilities and stockholders' equity by $40,000. A magic square is a square array of numbers arranged so that the numbers in all rows, all columns, and the two diagonals have the same sum. Use the properties of a magic square to fill in the missing numbers in the magic square on the right. CO. 16 24 Use the figure with the letters below to give the missing numbers. CO A= B= C= B 16 D= E= E 24 Melissa Valliant would most likely agree with which statement? A We shouldn't put any plastic in recycling bins. B Recycling plastics is more important than reducing our use of plastic. C Companies should use less plastic packaging. D We should drink only from plastic bottles. (GIVING AWAY 20 POINTS TO WHOEVER ANSWERS) How did revolutionaries pay off France's debt? Convert the angle 5 radians to degrees.