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
Schach [20]
4 years ago
6

The company's net income for the year was $52 and it did not sell or retire any property, plant, and equipment during the year.

Cash dividends were $9. The net cash provided by (used in) investing activities for the year was:
Business
1 answer:
Harrizon [31]4 years ago
8 0

Answer:

The net cash provided by (used in) investing activities for the year was: $ 0

Explanation:

Investing Activities consists of activities that result from Purchase or Sale of Capital expenditure items.

Types of Capital expenditure items are Machinery, Equipment, Plant or any Non-Current assets that is used by the company.

The question you provided does not have any purchase or sale of the Property, Plant and Equipment items. So no cash movement from Investing Activities during the period.

You might be interested in
The trial balance of ABC Co. does not balance. АВС CO. TRIAL BALANCE JUNE 30, 2019 Debit Credit Cash 0 5740 Accounts Receivable
Vika [28.1K]

Answer:

ill do it of you make it more readable

Explanation:

4 0
4 years ago
The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entri
zvonat [6]

Answer:

e. $104,000.

Explanation:

The computation of the ending capital balance is shown below:

As we know that

Ending capital balance = Opening capital balance + net income - withdrawn amount

where,

Opening capital balance = $64,000

Net income is

= Revenues - expenses

= $100,000 - $48,000

= $52,000

And, the withdrawn amount is $12,000

So, the ending capital balance i s

= $64,000 + $52,000 - $12,000

= $104,000

8 0
3 years ago
Some countries have high minimum wages and require a lengthy and costly process to get permission to open a business Select one:
Pani-rosa [81]

Answer:

b. Reducing the minimum wage and the time and cost to open a business would shift the long-run aggregate supply curve to the right

Explanation:

Minimum wage is a wage set by the government, to pay for laborers. Wages below this is illegal. Wages are also a major cost to any firm. When they have been reduced, cost of production is likely to fall. Cost of production is a factor affecting supply. When cost of production falls, supply shifts right.

This is explained as that when cost of production falls, businesses can now make higher profits. This acts as a motivation for many other firms to also enter into the market. Therefore, supply is likely to rise in the long-run, shifting the supply curve to the right.

Time and cost to open a business is another factor affecting supply. When the time and cost is high, it discourages new firms because they do not want to undergo the hassle of submitting many legal documents or may not have enough funds to pay for all the costs. However, when the cost and time taken falls, more firms will be willing and able to enter into the market. Thus, the supply curve shifts right in the long run, increasing quantity supplied.

6 0
3 years ago
On January 1 of the current year, Tell Co. leased equipment from Swill Co. under a 9-year sales-type (finance) lease. The equipm
Salsk061 [2.6K]

Answer:

The yearly depreciation on the asset is $56,111.11

Explanation:

In calculating the right-of-use asset on a lease,the present of value of future cash payments,that is lease liability amount is added to any lease payments paid on or before commencement of lease agreement,direct initial costs,as well as with any likely amount to be incurred in restoring asset's site or dismantling the asset after usage.

In this case,only present value of future cash flows is available,hence that is the amount of right-of-use to depreciated over nine year period.

Depreciation=$505000/9years

                     =$56111.11

7 0
3 years ago
Ford conducted research that gave them insights into characteristics of Gen Z. Although Ford finds the information important, th
weqwewe [10]

Answer:

The answer is basic research.

Explanation:

The research and development department conducted managed to answer the research question which was conceptualized in the beginning of research, as implied in the question. However, no further research was conducted for the purpose of designing a product that can be sold to the Gen Z market segment, based on the findings from the previous ones. Thus, we can conclude that the intention of the research was just to discover previously unknown information about Gen Z’s characteristics, which meant the conducted research was only a basic research.  

7 0
3 years ago
Read 2 more answers
Other questions:
  • ABC Corporation has E & P of $240,000. It distributes land with a fair market value of $70,000 (adjusted basis of $25,000) t
    8·1 answer
  • Division X makes a part with the following characteristics:
    15·1 answer
  • The table below describes the total and marginal benefit elvis gets from fried peanut butter and banana sandwiches. elvis' fried
    7·1 answer
  • Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has incr
    13·1 answer
  • The original cost of the truck was $32,000. What would be the journal entry for Combs Co. to record the disposal of the delivery
    5·1 answer
  • Some investment opportunities that should be accepted from the viewpoint of the entire company may be rejected by a manager who
    13·1 answer
  • The spouse of a brokerage firm employee wants to open a brokerage account so that he can trade individual stocks. If the account
    10·1 answer
  • Kendall Company has sales of 1,000 units at $60 a unit. Variable expenses are 30% of the selling price. If total fixed expenses
    15·1 answer
  • For personal finance course
    12·1 answer
  • When a company has both common and preferred stock, its ROE must be adjusted by ______. (Select all that apply.)
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!