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kiruha [24]
3 years ago
13

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>

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Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of u
dezoksy [38]

Answer:

$ 317,000

Explanation:

Octuber Production:  200,000    

Variable Overhead:      $      0.80 per unit    

Fixed Overhead:        $ 157,000    

     

<u>Factory Overhead Budget for Octobe</u>r:      

   

Octuber Production x Variable Overhead =    <em>200,000 x 0.80 =  160,000</em>      

           

Variable Overhead:  <em>$ 160,000</em>

+  

Fixed Overhead:     <em>  </em><em><u>   $ 157,000</u></em><em> </em>  

     

Total Overhead:<em> </em>      <em>   </em><em>$ 317,000</em><em>    ( $ 160,000 + $ 157,000 )  </em>

4 0
3 years ago
Mary Smith took a car loan of $33,000 to pay back in 36 monthly installments at an interest rate of 18%. Compute the loan balanc
DaniilM [7]

Answer:

$13,013

Explanation:

Mary's monthly payment = principal / PV annuity factor

principal = $33,000

PV annuity factor, 1.5%, 36 periods = 27.6607

monthly payment = $33,000 / 27.6607 = $1,193.0284 ≈ $1,193.03

I prepared an amortization schedule using excel to determine the loan balance after the 24th payment = $13,013

Download pdf
3 0
3 years ago
If the marginal propensity to consume is two thirds, then an increase in personal income taxes of $100 will most likely result i
rosijanka [135]

When personal income taxes is increased, there would be a decrease in consumption of $67.

<h3>What is the MPC?</h3>

The marginal propensity to consume is the proportion of the disposable income that is spent. When personal income taxes are increased, there would be a decrease in the disposable income. The decrease in disposable income would reduce the income avalialbe for consumption.

Decrease in consumption = 2/3 x $100 = $67

To learn more about marginal propensity to consume, please check: brainly.com/question/19089833

#SPJ1

4 0
2 years ago
. The best starting point to developing a presentation is to _____. establish why the presentation is needed analyze the intende
saw5 [17]
The answer would be : Establish why the presentation is needed.

Whether it's to attract investor or for simply give an information, you can decide what should you put on your investor , after you determine what do you want to get from your presentation. If you want to attract investors, you should probably filled it with future cash projection. If you want to give an information about your company, filled it with your company's vision and mission
4 0
3 years ago
On April 1, the company hired an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by the com
Shkiper50 [21]

Answer:

<u>Adjusting entries:</u>

April 30, legal fees

Dr Legal fees expense 3,500

    Cr Legal fees payable 3,500

April 30, accrued interest

Dr Interest expense 3,000

    Cr Interest payable 3,000

April 30, wages expense

Dr Wages expense 4,000

    Cr Wages payable 4,000

<u>Subsequent entries:</u>

May 12, legal fees

Dr Legal fees payable 3,500

    Cr Cash 3,500

May 20, paid interest

Dr Interest expense 6,000

Dr Interest payable 3,000

    Cr Cash 9,000

May 3, wages expense

Dr Wages expense 4,000

Dr Wages payable 6,000

    Cr Cash 10,000

4 0
4 years ago
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