Monty Corporation reported the following condensed income statement for 2014:Sales $ 500,000 Cost of Goods Sold(280,000)Gross Profit 220,000 Operating Expenses:Depreciation expense $ 15,000 Salaries Expense 13,000 Rent Expense 10,000 Insurance Expense 5,000 (43,000)Income before taxes $ 177,000 Income tax expense (62,000)Net Income $ 115,000 During 2014, the following changes occurred in the company's current assets and current liabilities:Increase (Decrease)Cash $ 19,850 Account Receivable(6,750)Inventories 5,600 Accounts Payable(2,800) Salaries Payable 1,750 Required:Compute the net cash flows from the operating activities using the:a. Direct methodb. Indirect method

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.