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marin [14]
3 years ago
12

Exercise 11-13A Calculate financing cash flows (LO11-5) Dristell Inc. had the following activities during the year (all transact

ions are for cash unless stated otherwise): A building with a book value of $400,000 was sold for $500,000. Additional common stock was issued for $160,000. Dristell purchased its own common stock as treasury stock at a cost of $75,000. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. A dividend of $40,000 was paid to shareholders. An investment in Fleet Corp.’s common stock was made for $120,000. New equipment was purchased for $65,000. A $90,000 note payable issued three years ago was paid in full. A loan for $100,000 was made to one of Dristell’s suppliers. The supplier plans to repay Dristell this amount plus 10% interest within 18 months. Required: Calculate net cash flows from financing activities. (Cash outflows should be indicated with a minus sign.)
Business
1 answer:
Scilla [17]3 years ago
3 0

Answer:

The net cash flows from financing activities is -$45,000

Explanation:

The computation of the net cash flows from financing activities is shown below:

=  Additional common stock issued - purchase of treasury stock - dividend paid - long term note payable issued

= $160,000 - $75,000 - $40,000 - $90,000

= -$45,000

The other items which are mentioned in the question have come under the investing activities

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A total of 6,850 kilograms of a raw material was purchased at a total cost of $21,920. The materials price variance was $1,370 f
xxMikexx [17]

Answer:

$3.40 per kilogram

Explanation:

Calculation for the standard price per kilogram for the raw material

Using this formula

Standard price per kilogram=(Raw Material total cost +Materials price variance)/Raw material kilograms

Let plug in the formula

Standard price per kilogram=($21,920+$1,370)/6,850

Standard price per kilogram=$23,290/6,850

Standard price per kilogram=$3.40 per kilogram

Therefore the standard price per kilogram for the raw material will be $3.40

3 0
3 years ago
Who advanced both preservation and managing resources sustainably to found the discipline of wildland management used in the Uni
Mariulka [41]

Answer:

Aldo Leopold

Explanation:

Aldo Leopold (1887 - 1948) was a founder of wildlife management. He taught at the University of Wisconsin and is famous for his book <u>A Sand County Almanac</u>, 1949, which sold over 2 million copies.

His work focused on the development of environmental ethics and wilderness conservation.

4 0
3 years ago
Changes in the quality of a good a. present a problem in the construction of the consumer price index, and that problem is somet
Agata [3.3K]

Answer:

D

Explanation:

The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Because the price of price of used cars and trucks in US has increased , the CPI would increase

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

Changes in the quality of good is not included in the calculation of CPI. This is one of its drawbacks

8 0
3 years ago
If you live in an area where the cost of living is increasing, the area you live in is likely experiencing:
Citrus2011 [14]

Answer:

B Inflation

Explanation:

8 0
3 years ago
LO 3.4A company sells two products, Model 101 and Model 202. For every one unit of Model 101, they sell they sell two units of M
dexar [7]

Answer:

The sales mix is 1:2.

                           Model 101          Model 102

Selling Price                       21             56

Variable Cost              -14            -35

Contribution Per Unit       7               21

Multiply Sales Mix Ratio       1               2

Weighted Contribution       7                      42

Now add the weighted Contribution to compute Contribution margin per composite unit which is 7+42=$49

Explanation:

I assumed that the cost and selling price here for Model 101 is $14 and $21 respectively. Similarly the cost and selling price of Model 102 is $35 and $56 respectively.

Remember that Contribution margin per composite unit means that we will earn 49 dollars(combined contribution of sales mix) if we sell the sale mix of Model 101 and 102 which is 1:2.

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