1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
A holder of a seller-server certificate serves an alcoholic beverage to an intoxicated person for a second time within a 12 mont
Hunter-Best [27]
According to the TABC, seller-server certification can be revoked if one is charged with breaking the laws concerning the sale of alcohol. The length of time that TABC certificate is revoked depends on the number of offenses committed within a period of 12 months. In this case, the holder made a second offence within 12 months, therefore, the holder will not be allowed to get a TABC certification again for 90 days. One is required to take some time off work since it appears he/she has a problem with breaking alcohol laws
5 0
3 years ago
On the global grid the prime meridian is at ____. (1 point)
jok3333 [9.3K]
0 degrees longitude
4 0
2 years ago
Denny Corporation is considering replacing a technologically obsolete machine with a new state-of-the-art numerically controlled
inn [45]

Answer:

26.4%.

Explanation:

Net Profit:

= Saving of Labor & other Costs - Maintenance Cost of Machine -  Depreciation On Machine (100,000/ 16 years)

= $40,000 - $10,000 - $6,250

= $23,750

Initial Investment:

= Cost of new Machine - Salvage value of old machine

= $100,000 - $10,000

= $90,000

Simple Rate of Return = Net Profit ÷ Initial Investments

= $23,750 ÷ $90,000

= 0.264 × 100

= 26.4%

5 0
3 years ago
When supervisors directly oversee the actions of employees, monitoring employees' work and correcting problems as they occur, __
pickupchik [31]
The answer to this question is <span>concurrent control
Concurrent control refers to the type of control by management in order to make sure that all employees are meeting the required regulations and standard.
This type of control is used to make sure that employees will always meet company's expectation so the company could realize all of its planned goals.

</span>
7 0
3 years ago
The money multiplier process also works in reverse when a loan is repaid and the amount of money that is destroyed is equal to t
kiruha [24]

Answer:

The correct answer is TRUE

8 0
3 years ago
Other questions:
  • A woman plans to work for 25 years and to make deposits into a retirement fund at the amount of 100 at the end of each month. Th
    13·1 answer
  • Corning, Inc. transforms a blend of materials to create optical fiber capable of carrying much of the telephone traffic in the U
    6·1 answer
  • An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. What are some
    11·1 answer
  • 20. An emergency operations plan: A. Focuses on standard operating procedures for responding to one single type of incident. B.
    14·1 answer
  • Businesses employ workers from city neighborhoods and rural areas. These workers are perfect substitutes and cannot relocate in
    5·1 answer
  • The concept of ""human resource management"" implies that employees in an organization cannot be considered as a resource and he
    14·2 answers
  • If a cash basis business owner pays 18 months of rent expense in advance during the last month of the tax year, how is this trea
    15·1 answer
  • An indifference curve shows the various bundles of goods that:_________ A. all cost the same amount of money. B. make the consum
    12·1 answer
  • Opportunity cost refers to:________
    15·1 answer
  • Explain the basic assumption of economics with respect to rational self-interest. Describe two detailed real-life examples apply
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!