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kupik [55]
3 years ago
10

Creative Camera Co. sold equipment with a cost of $ 18 comma 000 and accumulated depreciation of $ 9 comma 000 for an amount tha

t resulted in a gain of $ 2 comma 000. What amount should Creative report on the statement of cash flows as​ "proceeds from sale of plant​ assets"?
a. $16,000
b. $12,000
c. $8,000
d. Some other amount
Business
1 answer:
umka2103 [35]3 years ago
4 0

Answer:

d. Some other amount - $11,000

Explanation:

Investing activities: It records those activities which include purchase and sale of the long term assets . The purchase of long term assets is an outflow of cash and the sale of long term assets is an inflow of cash

The computation of the sale of plant assets is shown below:

= Sale value  of equipment - accumulated depreciation + gain on sale of equipment

= $18,000 - $9,000 + $2,000

= $11,000

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Answer:

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2 years ago
Identify two ways lean production might be achieved
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2 years ago
Gladstone Corporation is about to launch a new product. Depending on the success of the new product, Gladstone may have one of f
Andrews [41]

Answer: SEE EXPLANATION

Explanation:

Given the following ;

Values depending on Success

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Risk free rate = 5% = 0.05

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Assume a zero-coupon debt with a $100million face value

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Price is important to managers
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Price is important to managers because it has a substantial effect on a company's profitability and sustainability.

<h3>Why is pricing important?</h3>

The importance of pricing is traced to the fact that defines the value or worth of a product and the number of customers that demand the product.

For the consumer of products, price is a key factor that determines purchase decisions.

Thus, price is important to managers because it has a substantial effect on a company's profitability and sustainability.

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<h3>Question Completion:</h3>

Why is price important to managers?

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monitta

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Tariffs are taxes imposed by one country on goods or services imported from another country. Tariffs are trade limitations that raise prices and decrease available quantities of goods and services for U. S. businesses and customers.

A “unit” or specific tariff is a tax levied as a fixed charge for each unit of a good that is imported – for instance, $300 per ton of imported steel. An “ad valorem” tariff is levied as a proportion of the value of imported goods. An example is a 20 percent tariff on imported automobiles.

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