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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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The break-even in units sold will decrease if there is an increase in: a. unit sales volume. b. total fixed expenses. c. unit va
s2008m [1.1K]

Answer:

d. Selling Price

Explanation:

Break even point is calculated as \frac{Fixed\ cost}{Contribution\ per\ unit}

Thus, break even point in units only in two cases,

  1. Fixed cost is reduced that is decreased,
  2. Contribution per unit is increased.

Now, here the options are

a. Increase in units sales volume is of no relevance as will not impact the fixed cost or contribution per unit.

b. Increase in fixed cost will result in higher break even point, as numerator in the fraction will increase.

c. Increase in unit variable cost will ultimately decrease the contribution thus, it is of no relevance.

d. Increase in selling price will increase the contribution per unit, that is the increase in denominator value in fraction, thus, break even units will decrease.

Correct option is

d. Selling Price

7 0
4 years ago
Regan owns and manages The Coffee Shoppe. She likes to experiment with different management styles and life philosophies. She re
Art [367]

Answer:

its cold outside thats the answer

Explanation:

5 0
3 years ago
Arlington Company is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures wer
NemiM [27]

Answer:

$5,258,333

Explanation:

Arlington Company weighted-average accumulated expenditures

March 1 Expenditure $3,333,333

($4,000,000 ×10/12)

Add June 1 Expenditure $1,925,000

($3,300,000 ×7/12)

Add Dec 31 Expenditure $0

($5,000,000 ×0/12)

Weighted-average accumulated expenditures $5,258,333

($3,333,333+$1,925,000)

7 0
3 years ago
Grayson was employed as a field technician servicing building HVAC systems, but because of a downturn in the economy, he was lai
Bumek [7]

The statement <u>A. Grayson is underemployed</u> best describes the Grayson's situation.

<u>Explanation</u>:

A person is said to be underemployed if he works for low wage or works for the job that does not make use of his skills.

Underemployment occurs due to excess of labor availability in-spite of work demand. The technological change may also cause underemployment. Underemployment causes due to decline in the economy.

In the above scenario, Grayson was underemployed due to downturn in the economy. He previously worked as a field technician but he was laid off due to decline in economy. Later he was appointed as stock employee at Home Depot.

6 0
3 years ago
In multiple regression, the constant :
Kaylis [27]

Answer:

a. Is the expected value of the dependent variable Y when all of the independent variables have the value zero

Explanation:

  • This regression is the extension of the simple linear regression and is used when we want to define the values of the variable based on the values of the two or more variables and constant terms in the regression analysis are the values at which the regression line crosses at the Y-axis.
3 0
3 years ago
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