Answer:
The net cash provided by investing activities on the statement of cash flows will be $106,000
Explanation:
Investing activities include all the cash transactions incurred for the fixed asset of the company.
The net cash provided by (used in) investing activities can be calculated as follows
Net cash provided by (used in) investing activities = Sale of long-term investment + Collection by McCorey of a loan made to another company
Where
Sale of long-term investment = $60,000 ( Cash inflow )
Collection by McCorey of a loan made to another company = $46,000 ( Cash Inflow )
Placing values in the fomrula
Net cash provided by investing activities = $60,000 + $46,000 = $106,000
Answer:
Relevant:
$5,500
$1,650
$7,700
Explanation:
The only data irrelevant is the first production cost. <u>The $4,400 is not relevant because it is a sunk cost. It will remain constant in both choices.</u> The other costs and income are relevant because they vary on each decision. The $4,400 should not be a part of the decision making process.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Sales= 8,000 units
Total cost= $612,500.
Selling price= $100.
Selling costs:
commissions equal to 5% of the sales
other selling expense of $45,000.
Administrative expense totaled $47,500
<u>Income statement:</u>
Sales revenue= (8,000*100)= 800,000 100%
COGS= (612,500) 76.56%
Gross profit= 187,500
commissions= 0.05*800,000= (40,000) 5%
other selling expense= (45,000) 5.63%
Administrative expense= (47,500) 5.94%
Net operating income= 55,000 6.87%
Answer:
c. $12,000
Explanation:
In this question, we assume the Fred and Wilma divorced in year i.e before 2019. Since in the question, it is given that the Fred paid $6,000 Wilma and $6,000 directly to the Law school Wilma is attending i.e not related to the child
Both payments are related to Wilma so we consider these payments and reflects the received payment which equals to
= $6,000 + $6,000
= $12,000
All other information which is given is not relevant. Hence, ignored it