What amount of cash did the company pay for salaries during the month?

] Bear Co. prepares its statement of cash flows using the indirect method. Bear sold equipment with a carrying value of $500,000

Svetlanka [38]

Answer:

The transaction in the operating and investing activities sections of its statement of cash flows is a loss of $400,000 and the sale of equipment $400,000

Explanation:

Operating Activity: It includes all those activities which are related to the changes in the working capital that mean increase or decrease in currents assets and current liabilities. Moreover, it also includes loss/ gain on sale of fixed assets and depreciation, etc.

Investing activity: It records those transactions which include sale and purchase of fixed assets.

So, by going through the meaning of operating activity and investing activity we get to know that the operating activity record a loss of $100,000 which comes from Carrying value - sales value which is added to the net income.

And, the investing records sale price of equipment which is $400,000

Hence, the transaction in the operating and investing activities sections of its statement of cash flows is a loss of $400,000 and the sale of equipment $400,000

6 0

4 years ago

Read 2 more answers

The price of wine has risen from $7 to $9 per bottle and the price of cheese has fallen from $6 to $5 per pound, while Anne’s in

GuDViN [60]

Answer:

The correct answer is option C.

Explanation:

The price of wine has risen from $7 to $9 per bottle and the price of cheese has fallen from $6 to $5 per pound.

Anne’s income has stayed fixed at $46 per week.

Anne has been buying 4 bottles of wine and 2 pounds of cheese per week.

At the initial price she was spending

= $( $7\ \times\ 4)\ +\ ($6\ \times\ 2)$

= $28 + $12

= $40

After the price change she has to spend

= $( $9\ \times\ 4)\ +\ ($5\ \times\ 2)$

= $36 + $10

= $46

Since she has to spend more to consume the same level of output, we can say that Anne is worse off.

7 0

3 years ago

One problem in the interstate trucking industry is the number of trucks that return after making a delivery with an empty truck.

garik1379 [7]

Answer: Yield management pricing

Explanation It can be defined as the strategy in which the company studies and influence consumer behavior with the intent of maximizing profit with the limited amount of resources available.

In the given case, the truckers have limited time and they are getting extra revenue from the website. This will result in maximization of their profit.

Thus, from the above we can conclude that the right answer is option E.

5 0

4 years ago

The funds provided by common stockholders that consist of common stock, paid-in capital and retained earnings are referred to as

Gnesinka [82]

Answer:

e. net worth.

Explanation:

According to my research on different financial assets held by firms, I can say that based on the information provided within the question these are all referred to as the firm's net cash. This is also known as the Common Stockholders' Equity which is formally defined as the company's share capital and retained earnings minus its treasury stock.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0

4 years ago

Roeher Company sold $9,000 of its specialty shelving to Elkins Office Supply Co. on account. Prepare the entries when (a) Roeher

emmainna [20.7K]

Answer:

1. Dr Accounts Receivable 9,000

Cr Sales Revenue 9,000

2. Dr Allowance for sales returns and allowances 700

Cr Accounts Receivable 700

3. Dr Allowance for sales returns and allowances 200

Cr Accounts Receivable 200

Explanation:

Preparation of the journal entry

1. Preparation of the entries when Roeher makes the sale

Dr Accounts Receivable 9,000

Cr Sales Revenue 9,000

2. Preparation of the entries when Roeher grants an allowance of the amount of $700

Dr Allowance for sales returns and allowances 700

Cr Accounts Receivable 700

3. Preparation of the entries when Roeher estimated that an additional amount of $200 in allowances will be granted to Elkins

Dr Allowance for sales returns and allowances 200

Cr Accounts Receivable 200

5 0

3 years ago