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Alex Ar [27]
3 years ago
6

Wisconsin Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $ 10 comma 000. The n

et book value of the asset was $ 30 comma 900. Which of the following statements describes the cash effect of the​ transaction? A. positive cash flow of $ 20 comma 900 from investing activities B. positive cash flow of $ 40 comma 900 from financing activities C. negative cash flow of $ 20 comma 900 for operating activities D. negative cash flow of $ 20 comma 900 for financing activities
Business
1 answer:
tester [92]3 years ago
3 0

Answer:

A. positive cash flow of $ 20 comma 900 from investing activities

Explanation:

book value - sales price = loss on sale

30,900 - sales price = 10,000

30,900 - 10,000 = sales price

sales price = 20,900

Assumming the purchase was on cash, it will be disclosure as cash generated from investing activities for 20,900

The reason is that cashflow do not focus on the gain or loss from the sale. It focus on the cash movements and this sale involve a cashinflow of 20,900

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A-Plus Linens sent the following notice to John C. Lincoln Hospital: "We'll pay you. Drop your current linen service and we'll g
ehidna [41]

Answer:The answer is a

Explanation:

A contract is an agreement between two or more parties which contains the terms and conditions of the contract and which also serve as an evidence that the two parties in the contract has a duty to perform to each other. The terms and conditions of the contract can be enforced in the court of law in case of a breach of contract which may come from either parties in the contract agreement. While, a contract interference is a kind of breach of contract in which one vendor put a pressure on the organization in which they offer service to withdraw from the contract the organization earlier had with one of their competitors in the market. This contract interference can occur when a vendor either force or put a financial inducement on the organization with a view to make them consider their proposal to the organization to eventually agree to abandon the contract they had with their competitors in favour of getting the contract instead of their competitors who should get the contract.

Therefore, from what we can deduce from the question under review, it is clear that A plus linen has engage in contract interference by offering John C Lincoin hospital $5 for every 100 pound of linen they send to them by dropping their current linen service.

5 0
3 years ago
Match the command(s) to the task it helps to complete.
monitta

#Remove text

  • Usually backspace but delete also

B

#paste text

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#Create a line break

  • Enter

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3 0
2 years ago
Krista goes to a store to buy a new liquid soap dispenser. When she purchases a new dispenser from the store she gets two liquid
MrRa [10]

Answer:

Captive pricing

Explanation:

Captive pricing is the pricing of products that have both a "core product" and a number of "accessory products.". In the question, when she purchase a dispenser(core product) she gets two liquid soap(accessory product) for free, so the pricing strategy to engage is the captive pricing.

7 0
3 years ago
Because barcelona is constantly raising the bar, the company experiences high turnover and is constantly hiring. why might scott
VMariaS [17]
A company is said to have a high turn over rate when it sacks old employees and hire new employees on a regular basis. Scott may want to change his approach to human resource management because, high turn overate is bad for the health of a company for the following reasons:
1. Reduction in overall efficiency of the company.
2. High cost of recruitment of new staff.
3. High cost of settlement for sacked employees.
4. It leads to lowered employees' productivity.
5. It negatively impacts the brand of the company.<span />
6 0
3 years ago
California Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1, 2018. In preparing its insuran
Veronika [31]

Answer:

estimated inventory is $395000

C is correct option

Explanation:

given data

Inventory = $300000

sales = $1300000

purchases = $875000

gross profit = 40%

to find out

estimated inventory

solution

we find estimated inventory by this formula

estimated inventory = Inventory + purchases  - (100% - 40%)sale

put here all value

estimated inventory = 300000 + 875000 - (100% - 40%)1300000

estimated inventory = 300000 + 875000  - 780000

estimated inventory = 395000

so estimated inventory is $395000

C is correct option

6 0
3 years ago
Read 2 more answers
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