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Art [367]
3 years ago
9

MC Qu. 22 Selected information from the accounting... Selected information from the accounting records of Dunn's Auto Dealers is

as follows: Cost of furniture purchased for cash $ 8,000 Proceeds from bank loan 100,000 Repayment of bank loan (includes interest of $4,000) 44,000 Proceeds from sale of equipment 5,000 Cash collected from customers 320,000 Purchase of stock of another corporation as an investment 20,000 Common stock issued for cash 200,000 In its statement of cash flows, Dunn's should report net cash outflows from investing activities of:
Business
1 answer:
dlinn [17]3 years ago
4 0

Answer:

($23,000)

Explanation:

Cash flow from Investing Activities

Purchase of furniture                                       ($ 8,000)

Proceeds from sale of Equipment                    $5,000

Investment in other companies                     ($20,000)

Net Cash used by  Investing Activities          ($23,000)

Notes :

Cash flow from Investing activities section of the cash flows statement shows the cash movement in acquisition of assets and sale of assets.

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lesya [120]

Increase in contribution margin = P 183,750×45.9% = P84,341.25.

Gross margin and gross margin both consider the profitability of businesses of all sizes. The difference between them is that gross margin compares profits and sales in dollars, whereas gross margin compares costs and sales. To calculate profit margin, start with gross profit, which is the difference between sales and COGS. Then find the percentage of sales that equals the gross profit.

Margin is the down payment you make for the total cost of your home. Lenders will only finance up to 75-90% of the total cost of the property, leaving the rest as margin. Lenders see this upfront payment as a sign of commitment, and large payments reduce lending risk.

Learn more about margin at

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6 0
1 year ago
If denied a loan, which of the following changes to your application process will not increase your chances of approval when you
fredd [130]

Answer:

a. Apply for a larger loan amount.

Explanation:

In the case when the loan is re-applied after rejecting so if we applying for a larger loan should be rejected even quickly. As if the financial insitution found that the smaller amount loan is been rejected so application made for larger amount of loan should not be helped out for approve. Also there is proper tracking of loans with regard to the customer names

Hence, the option a is correct

6 0
3 years ago
Drag and drop the steps of the DG pickup process into the correct order then click submit
Sedaia [141]

The steps of the DG pickup process which are put into the correct order are as follows:

  1. Download and Install the DG application
  2. Make enquiries on whether the particular store makes use of DG pickup
  3. Make an order and reserve a time slot
  4. Add the items to the virtual cart
  5. Put the digital coupons of the DG pickup
  6. Checkout

<h3>What is a Pickup Service?</h3>

This refers to a type of service which is used to deliver goods from one location to a customer at his preferred location.

With this in mind, we can see that the correct steps of making use of online pickup service such as DG pickup is shown as there needs to be the installation of the app, then to add the items to the cart and finally checkout.

Read more about pickup services  here:
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8 0
2 years ago
Iris, a calendar year cash basis taxpayer, owns and operates several TV rental outlets in Florida and wants to expand to other s
nasty-shy [4]

Answer:

C) Expense $23,000 for 2018.

Explanation:

Iris owns and operates TV rental outlets, so all the expenses she makes while investigating possible purchases of related businesses (other TV rental outlets) can be deducted from her income. This deductions can be made regardless of whether Iris ended up purchasing the new stores or not.  

6 0
3 years ago
The balance in the supplies account before adjustment at the end of the year is $873. The proper adjusting entry if the amount o
yan [13]

Answer:

Explanation:

The proper adjusting entry is as follows

Supplies expense A/c Dr $603

             To Supplies A/c $603

(Being supplies account is adjusted)

The supplies expense is computed by

= Supplies account balance - supplies on hand  at the end of the year

= $873 - $270

= $603

Basically we debited the supplies expense account and credited the supplies account so that the proper posting could be done.

7 0
3 years ago
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