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Mice21 [21]
3 years ago
7

A company reported that its bonds with a par value of $50,000 and a carrying value of $65,500 are retired for $70,200 cash, resu

lting in a loss of $4,700. The amount to be reported under cash flows from financing activities is:
Business
1 answer:
aksik [14]3 years ago
6 0

Answer:

$70,200

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance

It records only cash receipts and cash payments. So, only $70,200 would be reported under cash flows from financing activities

All other information which is given is not relevant. Hence, ignored it

You might be interested in
Why do some products have as packaged and as prepared and others only have as packaged
Marina CMI [18]
There are three major types of paper packaging: corrugated boxes, boxboard or paperboard cartons, and paper bags and sacks. Corrugated Boxes: Corrugated boxes are commonly used to carry heavier products such as appliances, electronic goods, wine, fruit and vegetables.
4 0
3 years ago
The LaGrange Corporation had the following budgeted sales for the first half of the current year:
Oxana [17]

Answer:

$168,250

Explanation:

Total Cash Collection would include cash collected from both Cash Sales and Credit Sales.

<u>Summary for Calculation of January Cash Collected</u>

Cash Sales                                                        $60,000

Credit Sales :

For January Sales ($160,000 × 45%)              $72,000

For December Sales ($55,000 × 55%)           $30,250

For November Sales ($30,000 × 20%)             $6,000

Total Collection                                               $168,250

Conclusion :

The total cash collected during January by LaGrange Corporation would be $168,250

3 0
3 years ago
Gross Domestic Product or GDP can be
Talja [164]

Answer:

f)All of the above or any of the above

Explanation:

GDP or gross domestic product is the aggregate of the values of goods and services produced within a country's boundaries. In calculating the value of GDP, economists consider the value of finished goods only.

GDP is calculated using the expenditure approach and the income approach. With the expenditure approach, GDP is the sum of all consumers, government, incomes, and net imports. The result is GDP and also the aggregate demand.

In the income approach, the GDP is the sum of all national incomes . In other words, GDP is equal to Sales Taxes plus Depreciation and Net Foreign Factor Income.

4 0
3 years ago
The ___________ is a flexible market that allows you to work short-term
dem82 [27]

Answer:

The <u>gig economy</u> is a flexible market that allows you to work short-term.

Explanation:

The gig economy is a market in which temporary jobs are offered for a specific period of time. This refers to working as a freelancer taking specific activities without a job contract or working exclusively for that organization. According to this, the answer is that the gig economy is a flexible market that allows you to work short-term.

7 0
3 years ago
A firm wants to use an option to hedge 12.5 million in receivables from New Zealand firms.The premium is $.03. The exercise pric
morpeh [17]

Answer:

d. $6,500,000 dollars

Explanation:

Hedging is a strategy used by investment firms that want to minimize the risk of loosing their investments, so what they basically do is giving up the actions and investments and get some money in return, the exercise price is what they will pay you for your total investment, and the premium fee is somthing you have to pay to hedge an investment:

So you multiply the 12.5 million by .55 which is the amount you´ll receive, and withdraw form that the premium:

12,500,000x.55=$6,875,000

12,500,000x.03=$375,000

$6.875,000-$375,000= $6,500,000

The firm will receive $6,500,000 dollars.

3 0
3 years ago
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