All categories

3 years ago

Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals

Business

1 answer:

dangina [55]3 years ago

4 0

Answer:

Net cash used in investing activities = ($55,500)

Explanation:

<u> Cash flows from Investing activities </u>

Transaction Amount

Cash used for purchase of mining equipment -$68,000

Cash provided from sale of equipment +$22,000

purchased in c. above

Purchase of company vehicle. <u>-$9,500</u>

Net cash used in investing activities <u>-$55,500</u>

You might be interested in

Determine the value of z.

TiliK225 [7]

Explanation:

Let angle y be the unknown angle inside the triangle.

given

y + 87 + 34 = 180 (sum of angles in a triangle)

$y + 87 + 34 = 180 \\ y + 121 = 180 \\ y = 180 - 121 \\ = 59$

given y + z = 180 (angles on same straight line)

$y + z = 180 \\ 59 + z = 180 \\ z = 180 - 59 \\ = 121$

3 0

3 years ago

Read 2 more answers

Assume a project will increase inventory by $61,000, accounts payable by $28,000, and accounts receivable by $36,000. what is th

masha68 [24]

The initial net working capital requirement for this project exists $69,000.

<h3>What is meant by net working capital?</h3>

The difference between a company's current assets such as cash, accounts receivable/unpaid invoices from customers, and inventories of raw materials and completed goods and its current liabilities such as debts and accounts payable is known as working capital, sometimes known as net working capital (NWC).

The difference between a company's current assets and current liabilities is known as net working capital. A company's balance sheet is used to calculate net working capital. The more net working capital you have, the more probable it is that your business will be able to pay its present commitments.

net working capital requirement = $61,000 − 28,000 + 36,000

net working capital requirement = $69,000

The initial net working capital requirement for this project exists $69,000.

To learn more about net working capital refer to:

brainly.com/question/26214959

#SPJ4

8 0

2 years ago

Comet Company is owned equally by Pat and his sister Pam, each of whom hold 100 shares in the company. Comet redeems 50 of Pam's

lesantik [10]

Answer:

Total E&P = $ 160000

Total voting Right Sold = 50/ (100+100) = 25%

Reduction of E& P due to exchange = Total E&P*Total voting Right Sold

Reduction of E& P due to exchange = 160000*25%

Reduction of E& P due to exchange = 40000

Reduction of E& P Lower of Total E&P*Total voting Right Sold or Amount realised

Reduction of E& P Lower of 40000 or (50*1000)

Reduction of E& P Lower of 40000 or 50000

Answer

A reduction of $40,000 in E&P because of the exchange.

7 0

3 years ago

Kate is analyzing a proposed project to determine how changes in the sales quantity would affect the project's net present value

Fittoniya [83]

Sensitivity analysis. Where one variable is being tweaked a little to see the NPV, that is always sensitivity analysis.

6 0

3 years ago

Howard Co. had the following first-year amounts for a $7,000,000 construction contract: Actual costs $2,000,000 Estimated costs

Dmitrij [34]

Answer:

estimated loss from the project is $1,000,000

correct option is a. ($1,000,000)

Explanation:

given data

contract price = $7,000,000

Actual costs = $2,000,000

Estimated costs = 6,000,000

Progress billings = 1,800,000

Cash collected = 1,500,000

to find out

What amount should Howard recognize as gross profit (loss)

solution

we get in the amount to complete the project that is

amount to complete = contract price - Actual costs - Estimated costs

amount to complete = $7,000,000 - $2,000,000 - 6,000,000

amount to complete = - $1000000

so estimated loss on project

so that the total $1,000,000 loss must be recognize

so correct option is a. ($1,000,000)

5 0

3 years ago