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3 years ago

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A company sold PP&E for $200 cash. Prior to the sale, the net book value of the PP&E on the financial statements was $24

0. Thus, the company recorded a Loss on Sale of Equipment of $40 in Net Income. What is the operating cash flow in this transaction?

1 answer:

madam [21]3 years ago

6 0

Answer:

The operating cash flow in this transaction is zero

Explanation:

Please see attachment.

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If you sell all of the capacity on a production line, inventory from that line is sold at:

mina [271]

Had to look for the options and here is my answer.
What happens when all of the capacity on a product line is being sold is that, the inventory from that line will be sold at HALF OF THE PRICE OR VALUE AS IT IS REFLECTED ON THE RECORDS OF ACCOUNTING DEPARTMENT. Hope this answer helps.

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Total transaction costs, based on the assumptions provided, are expected to be:

Jobisdone [24]

Based on the costs of acquisition of Walmart by Amazon, the total transaction costs would come to B. $22,002.

<h3 /><h3>What are the total transaction costs?</h3>

Equity financing cost:

= 5.5% x 241,350.75

= $13,274.29

Debt financing cost:

= 1.5% x 241,350.75

= $3,260.26

Other transaction costs:

= $3,000

Target debt redemption premium:

= 70,242 x 3%

= $2,107.26

The total transaction costs are:

= 13,274.29 + 3,260.26 + 3,000 + 2,107.26

= $22,002

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Deon is opening a car wash, and he has approached SCORE, an SBA organization that assists small-business owners in setting up th

Marianna [84]

Answer:

A.) Write a business plan

Explanation:

A business plan is a docent that describes nature of the business, growth and sales strategies, and projected profits.

It is a road map that shows how a business will be set up, how it will function to meet set goals, and financial projections that demonstrates the viability of the business idea.

Deon will have to come up with a business plan that summarises his vision of setting up the car wash. On the basis of this SCORE will make a decision about helping him start the company.

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What is negative communication from citizens

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bad words, bad language, mean insults, talking nasty.

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3 years ago

Issued 30,000 shares of common stock in exchange for $300,000 in cash. Purchased equipment at a cost of $40,000. $10,000 cash wa

hichkok12 [17]

Answer:

T-accounts:

Cash

Accounts Titles Debit Credit

Common Stock $300,000

Equipment $10,000

Rent Expense 5,000

Prepaid Insurance 6,000

Accounts Payable 70,000

Accounts Receivable 55,000

Equipment

Accounts Titles Debit Credit

Cash $10,000

Notes Payable 30,000

Notes Payable

Accounts Titles Debit Credit

Equipment $30,000

Inventory

Accounts Titles Debit Credit

Accounts Payable $90,000

Cost of Goods Sold $70,000

Accounts Payable

Accounts Titles Debit Credit

Inventory $90,000

Cash $70,000

Accounts Receivable

Accounts Titles Debit Credit

Sales Revenue $120,000

Sales Revenue

Accounts Titles Debit Credit

Accounts Receivable $120,000

Cost of Goods Sold

Accounts Titles Debit Credit

Inventory $70,000

Rent Expense

Accounts Titles Debit Credit

Cash $5,000

Prepaid Insurance

Accounts Titles Debit Credit

Cash $6,000

Common Stock

Accounts Titles Debit Credit

Cash $300,000

Depreciation Expense

Accounts Titles Debit Credit

Acc Depreciation $1,000

Accumulated Depreciation - Equipment

Accounts Titles Debit Credit

Depreciation Expense $1,000

Explanation:

T-account consists of the following. An account title to record the corresponding account where the double-entry transaction is completed. A debit side on the left to enter the dollar value of the transaction, if the concerned account receives the value. A credit side on the right, also, to enter the dollar value of the transaction, if the concerned account gives out the value.

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