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mezya [45]
4 years ago
9

Box a nongovernmental not-for-profit organization had the following transactions during the year:_______Proceeds from sale of in

vestments $80,000 Purchase of property, plant and equipment $10,000 Proceeds from long-term debt $100,000 Loss on sale of investment $5,000What amount should be reported as net cash provided by financing activities in Box's statement of cash flows? a. $70,000 b. $75,000 c. $80,000 d. $100,000
Business
1 answer:
prisoha [69]4 years ago
8 0

Answer:

d. $100,000

Explanation:

Proceeds from sale of investments belongs to the Investing activities section of cash flow

Purchase of property, plant and equipment $10,000 belongs to the Investing activities section of  cash flow

Proceeds from long-term debt $100,000 belongs to the Financing activities section of cash flow

Loss on sale of investment $5,000 belongs to the operating activities section of cash flow

Hence, the net cash provided by financing activities in Box's statement of cash flow is $100,000

Particulars                                        Amount$

Proceed from long term debt         <u>100,000</u>

Net Financing cash flow               <u>$100,000</u>

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JulijaS [17]

Answer:

Report her to my boss/ manager

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4 0
3 years ago
Pinewood Department Store reported the following information for 2020: October November December Budgeted sales $1,300,000 $1,60
Elanso [62]

Answer:

$1,420,000

Explanation:

Total sales of October = $1,300,000. Collected in November = (60% of 1,300,000) = $780,000

November sales = $1,600,000. 40% sales of November = $640,000

Total cash collection = $780,000 + $760,000

Total cash collection = $1,420,000

So, the cash that Pinewood will receive in November is $1,420,000.

8 0
3 years ago
A company's inventory balance at 12/31/16 was $191,600 and $204,000 at 12/31/15. its accounts payable balance at 12/31/16 was $8
Ahat [919]
Company
Dec. 31. 2016
Assets
Cash- $191,600

Dec. 31. 2015
Assets
Cash- $204,000

Goods sold for 2016- $724,000

Liabilities
Dec. 31.2016
Accounts Payable- $88,000

Liabilities
Dec. 31. 2015
Accounts payable- $83,600

In order to find the company's total amount of cash payments for 2016, you find the minus the previous assets with the new assets..
Ex. $191,600 - $204,000 = -12,400

Then minus your answer with Goods Sold in 2016
Ex. $724,000 - $12,400 = $711,600

Then, minus the pervious amount of Accounts payable with the new Accounts Payable
Ex. $88,000 - $83,600 = $4,400

New payments for 2016-
Ex. Add $88,000 + $83,600 = $171,600

Then, $171,600 - $4,400 = $167,200

Thus, $167,200 equals the company's total amount of cash payments 2016.
3 0
3 years ago
True or False: Victoria's Secret, with its low-priced holiday discounts, exemplifies a firm pursuing cost-leadership; while Wal-
Alexeev081 [22]

Answer:

False.

Explanation:

The Victoria's part is true she is pursuing cost leadership by keeping it's price low although the Walmart's example is not related to differentiation strategy of competitive advantage. Because keeping mix of products is not differentiation, it's not unique.

  • Porter suggested 4 strategies and he believed that by using one of these strategies companies can gain <em>competitive advantage. </em>

The 4 strategies for competitive advantage:

  1. Cost Focus.
  2. Cost leadership.
  3. Differentiation Focus.
  4. Differentiation Leadership.

6 0
3 years ago
Read 2 more answers
Salter Mining Company purchased the Northern Tier Mine for $91 million cash. The mine was estimated to contain 1.88 million tons
lisov135 [29]

Answer:

Depletion $ 2,000,000 (debit)

Accumulated Depletion $ 2,000,000 (credit)

Explanation:

Salter Mining Company must use the Depletion Unit Method to provide for <em>usage</em> of Mine.

Depletion for the year = (Cost of Asset - Residual Value)/ Expected Total Contents in Units × Number of Units Taken During the Period

Thus Depletion for the year, = (  $91 million-$6.4 million)/ 1,880,000 tons × 60,000 tons

                                                 = $ 84,600,000 / 1,880,000 × 60,000

                                                 = $ 2,000,000

5 0
4 years ago
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