User Account

All Pages

Two-year insurance policy on the first day of business

Assignment Help Finance Basics
Reference no: EM131076496

Alpaca Corporation had revenues of $240,000 in its first year of operations. The company has not collected on $18,700 of its sales and still owes $26,800 on $95,000 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $12,500 in salaries. Owners invested $13,000 in the business and $13,000 was borrowed on a five-year note. The company paid $3,700 in interest that was the amount owed for the year, and paid $7,700 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 30%.

Compute the cash balance at the end of the first year for Alpaca Corporation.

Reference no: EM131076496

Questions Cloud

Simple payback period method : (a) What minimum savings in Year-4 are needed to make Alternative-I an acceptable project using Simple Payback Period Method?
Two goods-consumer goods and capital goods : Suppose the economy produces only two goods: consumer goods and capital goods (K). Also suppose the economy is operating at full employment. Finally, suppose consumer goods are subject to legal price controls (price ceiling). Use a PPF to show the ec..
Demand is said to be inelastic when : Demand is said to be inelastic when
Offshore wind turbine reliability­ based design : The article "On Assessing the Accuracy of Offshore Wind Turbine Reliability­Based Design Loads from the Environmental Contour Method" (Intl. J. of Offshore and Polar Engr., 2005: 132-140) proposes the Weibull distribution with α = 1.817 and ß = .8..
Two-year insurance policy on the first day of business : The company paid $12,500 in salaries. Owners invested $13,000 in the business and $13,000 was borrowed on a five-year note. The company paid $3,700 in interest that was the amount owed for the year, and paid $7,700 for a two-year insurance policy ..
Explain two extreme demand and supply conditions : Recently, the Obama administration proposed a $1.00 per unit (pack) excise tax on cigarettes (which would be imposed legally or statutorily on cigarettes sellers). Using (separate) competitive supply and demand diagrams of the cigarettes market caref..
Positive economic statements and which are normative : Which of the following are positive economic statements and which are normative? Explain. a) Higher gasoline prices cause the quantity of gasoline that consumers buy to decrease. b) Everyone should enjoy open access to health care. c) A comparison of..
Problem regarding the firm new operating cycle : The accounts payable turnover rate is expected to increase from 9 to 11.5 times per year. If all of these changes are adopted, what will be the firm's new operating cycle?

Reviews

Write a Review

Finance Basics Questions & Answers

  You are faced with a decision to invest 100000 in only two

you are faced with a decision to invest 100000 in only two mutual funds. the two funds are fidelity contrafund fcntx

  Which would most closely resemble a spider

Describe an ETF and explain how these funds combine the characteristics of open- and closed-end funds. Within the Vanguard family of funds, which would most closely resemble a "Spider"?

  A bond that pays interest annually yields a rate of return

a bond that pays interest annually yields a rate of return of 7.75 percent. the inflation rate for the same period is 4

  Creating a performance grading

To correct this situation, you will begin by creating a performance grading form that will be used to assess the front-line supervisor's performance. Create a form that includes areas the supervisors should be graded on and the relative weight or ..

  Multiple choice questions on transactions

Multiple choice questions on transactions - How long until these bonds may first be called and What is the bond's yield to call?

  Describe the three major activities the statement of cash

describe the three major activities the statement of cash flows reports. cite examples of cash flows for each

  Based on your results in a to d and any further analysis

based on your results in a to d and any further analysis you choose to do compare and comment on the country risk

  Statements of sources

Which of the following is not a use of funds in a statement of sources and uses?

  What function does money play for dash

What function does money play for Dash, Crunch, and Bolt and Explain why Johnny's money is or is not part of the M1, and/or M2 money supply.

  Calculate the npv of this investment

The marginal tax rate is 35 percent, and the appropriate discount rate is 10 percent. Calculate the NPV of this investment.

  All of the terms and paperwork necessary to export products

all of the terms and paperwork necessary to export products and services can be very confusing. please explain the

  Discuss the mistakes made by arthur anderson

Discuss the mistakes made by Arthur Anderson and potential actions that leadership could have taken to prevent the organizational failure.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd