The following are the financial statements of Nosker Company.
NOSKER COMPANY
Comparative Balance Sheets
December 31
Assets 2017 2016
Cash $37,200 $19,800
Accounts receivable 33,000 18,700e
Inventory 30,400 20,400
Equipment 59,300 78,000
Accumulated depreciation--equipment (29,300 ) (23,300 )
Total $130,600 $113,600
Liabilities and Stockholders' Equity
Accounts payable $28,700 $ 16,000
Income taxes payable 7,300 8,300
Bonds payable 27,400 33,100
Common stock 18,200 14,300
Retained earnings 49,000 41,900
Total $130,600 $113,600
NOSKER COMPANY
Income Statement
For the Year Ended December 31, 2017
Sales revenue $242,900
Cost of goods sold 175,600
Gross profit 67,300
Operating expenses 24,800
Income from operations 42,500
Interest expense 4,000
Income before income taxes 38,500
Income tax expense 7,500
Net income $31,000
Additional data:
1. Dividends declared and paid were $23,900.
2. During the year equipment was sold for $9,600 cash. This equipment cost $18,700 originally and had a book value of $9,600 at the time of sale.
3. All depreciation expense, $15,100, is in the operating expenses.
4. All sales and purchases are on account.
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Answer:

Corrected Income before taxes are $115,000 (2015), $315,000 (2016) and $185,000 (2017)

Explanation:

in the calculation of a company's income before tax, the Cost of Goods Sold (COGS) is done using the basic formulae by Adding Opening year inventory with Purchases and subtracting Ending year Inventory. In the case where Ending year inventory has been overstated, the COGS that has been calculated is understated which implies that the Income before tax has been overstated.

In the vice versa scenario, where Ending year inventory has been understated, the COGS that has been calculated is overstated which implies that the Income before tax has been understated. The calculation of the same is done below:

Year 2015

Income Before Tax (Previous) - Ending year Inventory = Income before Tax (Corrected)

138,000 - 23,000 = $115,000

Year 2016

Income Before Tax (Previous) + Ending year Inventory = Income before Tax (Corrected)

254,000 + 61,000 = $315,000

Year 2017

Income Before Tax (Previous) + Ending year Inventory = Income before Tax (Corrected)

168,000 + 17,000 = $185,000

Answer:

D  Trade helps them obtain goods they cannot produce as efficiently

as other countries.

Trade helps countries obtain goods they cannot produce as efficiently as other countries which is a reason countries are motivated to trade with one another. The correct option is D

Trade is crucial for maintaining a competitive global economy and helps to drive down worldwide product prices by promoting innovation and specialization in markets. Access to goods and services that may be more affordable and of higher quality than those available domestically is another benefit of trade.

By trading, countries can specialize in producing goods and services that they are good at and import goods that they cannot produce efficiently or do not have in sufficient quantities. This increases the efficiency of production and availability of goods, leading to economic growth and higher standards of living for people in trading countries.

Thus, the ideal selection is option D.

Learn more about Trade here:

https://brainly.com/question/27622280

#SPJ7

Answer:

Employees fill out a W-4 form to let employers know how much tax to withhold from their paycheck based on filing status, dependents, anticipated tax credits and deductions, etc. If you don't fill it out correctly, you may end up owing taxes when you file your return.

Explanation:

The form of W-4 tax is used to report to the employers about how much amount he/ she has to retained from his/her remuneration or paycheck.

A tax return is a document being filed by all the taxpayers to the tax authorities on yearly basis. They have to specify all the details of their incomes earned in a year in that form.

W-4 tax form is one of the being submitted by the employee stating all the details of their incomes, applicable exemptions, credits, etc. to the employer. This should be done to inform the employer about what amount he/she has to withheld from their final monthly paycheck. In case the employee fails to file the form on time, then he/she has to give more taxes.

Therefore, the W-4 tax form is actually the withholding certificate filed by the employee to the employer.

Learn more about withholding in the related link:

https://brainly.com/question/2890993

#SPJ6

Answer:

D. None of the above

Explanation:

Computation for the tax on this property

Property Tax = [(3% × $250,000] + [1% ×($629,800-$250,000)]

Property Tax= $7,500+ $3,798

Property Tax= $11,298

Therefore the tax on this property will be $11,298 which means that the choices listed above are not correct.

Answer:

trying to evaluate the situation from all diff perspectives

Incident Command Post (ICP) is the incident location from which primary logistics and administrative functions are coordinated and administered.

Incident Command Post (ICP) is the physical location from which the incident commander and key personnel manage personnel, resources, and communications to effectively control the incident. The ICP can be established at any suitable location near the incident. It should be in a secure area and provide adequate protection for personnel and equipment.

The ICP is typically staffed with incident commanders, team leaders, and other personnel responsible for managing the incident response. Depending on the type and magnitude of the incident, other personnel such as medical personnel, search and rescue teams, and hazardous materials teams may also be present.

To learn more about Incident Command Post (ICP) link is here

brainly.com/question/28266749

#SPJ4

Explanation:

I hope it helps I did it in power point presentation

Based solely on the interest earned, Savings Plan A would be preferred over Savings Plan B.

To determine which savings plan is preferred, we can compare the total interest earned under each plan over the 5-year duration.

For Savings Plan A, the annual interest rate is 5.7%, and the interest is paid at the end of each year. Therefore, the total interest earned can be calculated using the simple interest formula: Principal x Rate x Time. Assuming a principal of $1,000, the total interest earned would be $1,000 x 0.057 x 5 = $285.

For Savings Plan B, the annual interest rate is 5.4%, and the interest is paid on a monthly basis (12 times a year). This means that the interest is compounded monthly.

Using the compound interest formula: A = P(1 + r/n)^(nt), where A is the final amount, P is the principal, r is the annual interest rate, n is the number of compounding periods per year, and t is the time in years, we can calculate the total interest earned. Assuming a principal of $1,000, the total interest earned would be $1,000 x [(1 + 0.054/12)^(12x5)] - $1,000 = $279.67.

Comparing the total interest earned, we can see that Savings Plan A yields a higher interest amount ($285) compared to Savings Plan B ($279.67).

For more such questions on interest visit:

https://brainly.com/question/30584212

#SPJ8

Sooraj is effective in his work. This is because Sooraj was able to sell 1200 units of food packets in a month. Although he provided a 10% discount on the food packets, he was still able to meet his monthly sales target.

In addition, Sooraj offered a 15% discount on the last two days of the month to increase his sales target. It can be seen that the customers were attracted to the discount offer and Sooraj was successful in selling more units.

So, he is effective in his work because he was able to sell 1200 units of food packets in a month by offering a maximum of 10% discount to his customers and providing 15% discount to his customers on the last two days of the month.

For more question on discount

https://brainly.com/question/29869380

#SPJ8

Cost of goods manufactured work in process.

production is the creation or manufacturing of goods with the help of device, hard work, machines, equipment, and chemical or organic processing or method. it is the essence of secondary sector of the economic system.[1] The term may also consult with a variety of human hobby, from handicraft to excessive-tech, but it's far most typically applied to business design, in which raw materials from the primary area are converted into completed items on a large scale. Such items may be sold to different manufacturers for the production of different more complicated products (such as plane, family home equipment, furniture, sports device or motors), or allotted via the tertiary industry to cease customers and customers (typically via wholesalers, who in turn promote to retailers, who then promote them to person clients).

learn more about manufactured

https://brainly.com/question/13767214

#SPJ4

The given statement " Patchwriting is considered a form of plagiarism." is True. Patchwriting is defined as copying or paraphrasing from a source text and then changing a few words or phrases while maintaining the overall structure and meaning of the original text.

While patchwriting may seem like a legitimate way of writing, it is still considered plagiarism because the writer is essentially using someone else's ideas and work without giving proper credit. This type of writing is a violation of academic integrity, which is why it is important for students to avoid patchwriting and instead use their own words to express their thoughts and ideas.

To avoid patchwriting, students can practice proper citation methods, such as citing sources and using quotation marks when using the exact words from a source text. Additionally, students can work on improving their paraphrasing skills, which involves using their own words to convey the same ideas as the original text without changing the meaning. By avoiding patchwriting, students can ensure that they are producing original and authentic work that is free from plagiarism.

For more such questions on plagiarism

https://brainly.com/question/9355927

#SPJ11

Answer:

3/4

Explanation:

không gian mẫu bằng 3+1

P=3, xác suất = P/omega

Answer:

Its (A) When demand for the product increases

Explanation: I just tooke the Economics Exam.

Answer:

Explanation:

Diversification in a portfolio involves reducing risk by investing in a variety of assets. The specific bonds that could be eliminated through diversification would depend on the characteristics of the existing portfolio and the new bonds being considered.

Without information about the current holdings and the characteristics of the new bonds, it is not possible to determine which specific bond(s) could be eliminated through diversification. However, diversification generally aims to reduce the exposure to any single issuer or industry, and spread the risk across different assets. So, the client could eliminate bonds from issuers or industries that are already well-represented in the portfolio to achieve better diversification.

It is important to note that specific investment decisions should be based on thorough analysis of individual bonds, including creditworthiness, maturity, interest rates, and other factors. Professional financial advice and analysis should be sought to make informed investment decisions.

Answer:

Explanation:

Both modern and ancient medicine both use or use natural plants or herbs to help with illnesses. These types of medicines are still used today

The total cost of Samuel Nguyen's medical expenses is: 6 days of hospitalization at $800/day = $4,800 Surgical fees = $5,600 Physician's fees = $3,800 Prescription medications = $360 Physical therapy treatments = $1,600 Total = $16,160.

All of these charges fall within customary and reasonable payment amounts, meaning that they are considered reasonable and appropriate for the services rendered.

However, it's worth noting that these expenses can vary greatly depending on the location, type of injury, and other factors, and that not all medical expenses may fall within customary and reasonable payment amounts.

It's important for individuals to carefully review their medical bills and insurance coverage to ensure that they are being charged appropriately and are not being overcharged.

Know more about expenses here:

https://brainly.com/question/29842871

#SPJ1

Answer:

Yes

Explanation:

Yes because over time the earth has gotten hotter and hotter each decade, which is undeniable proof that it is real.

Answer:

d. Ksh. 37,566​

Explanation:

The $50,000 represent the future amount expected after 3 years.

the interest rate is 10%.

Implementing the formula  A = P x ( 1+ r) ^n

A= $50,000

P= amount to invest

R=10% or 0.10

n=3 years

Ksh.50,000 = P x (1 + 0.10) ^ 3

Kshs.50,000 = P x (1.1) ^3

Kshs.50,000 = P x 1.331

P= Kshs50,000 / 1.331

P=Kshs.37,565.74

= Kshs. 37,566

The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.

CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.

When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.

Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.

Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.

Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.

The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.

The importance of consumer behavior to marketers is discussed below:

Learn more about consumer behavior : https://brainly.com/question/9566137

Answer:

B

Explanation:

the knowledge.. between a Bachelor degree and an associate degree. is leser

According to the database on excel is  the total cost of all orders. Go to column cost per order that is column 7th or column G write the formula =sum(G4:G97)

In computing, information is AN organized assortment of information kept and accessed electronically. tiny databases are stored on a file system, whereas massive databases are hosted on laptop clusters or cloud storage. A database is an organized collection of structured information, or data, typically stored electronically in a very computer system. A database is typically controlled by a management system (DBMS).

Learn more about databases here: https://brainly.com/question/518894

#SPJ1

Answer:

Collect estimates of beta for firms in the same businessExplanation:

The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.

This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.

Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.

The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.

For more questions on: customer

https://brainly.com/question/15096946

#SPJ8

The standard deviation is 0.749 and the probability distribution's mean is 0.63.

A set of data values' variation or dispersion from their mean (average) is measured by their standard deviation. It tells how far apart the individual data points are from the data set's mean value. To put it another way, it is a measure of how different the data are from the mean. A standard deviation that is smaller indicates that the data points are closer to the mean, while a standard deviation that is larger indicates that the data points are further from the mean. It is calculated by taking the square root of the variance, and it is frequently used in statistical analysis.

To know more about Standard Deviation, visit:

https://brainly.com/question/13905583

#SPJ1

The correct answer  employability: Positive work behaviors and personal qualities which make individuals more likely to gain employment and succeed in their chosen career.

The ability of a person to find and keep a job is referred to as employability.It is a result of a confluence of elements, including work practises, education, experience, and talentsqualities.Finding a job is only one aspect of employability; another is achieving success in a selected career path.It is a dynamic and developing idea, thus people must constantly improve and update their knowledge and skills.Employability relies heavily on positive work habits including dependability, dependability, and a strong work ethic.Employability also heavily depends on personal traits including adaptability, communication, teamwork, problem-solving aptitude, and a positive outlook.The ability to learn, adapt, and innovate are equally important components of employability, in addition to technical abilities and credentials.

learn more about employment here:

https://brainly.com/question/30581432

#SPJ1

Answer:

A

Explanation:

The example that demonstrates how a toll road can address a negative externality is by using the toll fees to reduce air pollution.

Toll roads can implement a system where a portion of the collected fees is allocated towards initiatives aimed at mitigating the environmental impact of vehicles.

This can be done by investing in green infrastructure, such as electric vehicle charging stations, promoting the use of cleaner fuels, or funding research and development of eco-friendly transportation technologies.

By using toll fees to reduce air pollution, toll road operators are effectively internalizing the external cost associated with vehicle emissions. This helps address the negative externality of air pollution caused by traditional gasoline or diesel-powered vehicles.

By encouraging the adoption of cleaner and greener transportation options, toll roads can contribute to improved air quality, reduced greenhouse gas emissions, and a more sustainable environment.

Furthermore, this approach also incentivizes drivers to choose the toll road over alternative routes, as they can actively participate in reducing the negative externalities of their own transportation choices.

By aligning financial incentives with environmental goals, toll roads can play a significant role in promoting sustainability and addressing negative externalities associated with transportation.

For more such questions on negative externality

https://brainly.com/question/13901028

#SPJ8

The GDP should be rise by $38,000 due to these two transactions.

The following information should be relevant:

So, the sale value does not create any value-added.

Therefore we can conclude that The GDP should be rise by $38,000 due to these two transactions.

Learn more about the GDP here: brainly.com/question/15682765

The Journal entries for the respective entries are given below.

A. July 1

Petty Cash Fund Dr. $745

Cash Cr. $745

B. Replenishing the Petty Cash Fund on an unspecified date:

Store Supplies Expense Dr. $57

Miscellaneous Selling Expense Dr. $88

Cash Cr. $145

Petty Cash Fund Cr. $145

C. December 31

Store Supplies Expense Dr. $X (amount of missing funds)

Miscellaneous Selling Expense Dr. $Y (amount of missing funds)

Cash Cr. $119

Petty Cash Fund Cr. $X + $Y (sum of missing funds)

Learn more about  Journal entries  at:

https://brainly.com/question/20421012

#SPJ1