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vodomira [7]
4 years ago
12

On January 12, Ferrell Incorporated obtains a permit to start a comedy club, which will operate only on Saturday nights. To prep

are the club for the grand opening, Ferrell purchases tables, chairs, ovens, and other related equipment for $55,000 on January 16. Ferrell pays 20% of this amount (= $11,000) in cash at the time of purchase and signs a note with Live Bank for the remaining amount. Determine the amount of investing cash flows Ferrell would report in January.
Business
1 answer:
Stels [109]4 years ago
7 0

Answer:

The answer is: -$11,000

Explanation:

The amount of investing cash flows Ferrell Incorporated would report in January should be -$11,000. It is the amount that Ferrell paid in cash. 80% of the purchase or $44,000 is financed by Live Bank and, therefore, will not be included in the investing cash flows. The minus is included because it is an outflow. Because Ferrell Incorporated also obtained permit in January, there is no depreciation in the first month of ownership.

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sold real property with a $140,000 adjusted basis for $255,000. The buyer paid $148,000 cash and assumed Mr. Beck's $107,000 mor
Oxana [17]

Answer:

The answer is $115,000

Explanation:

Solution

Given that:

Property sold  =$140,000

Adjusted basis = $255,000

The buyer paid =$148,000

Mortgage on reality =$107,000

The next step is to find Mr Beck realized gain or loss on sale

Thus

Sale value =$140,000

Adjusted basis =$255,000

140,00 + 255,000 = $115000

Therefore Mr beck realized gain or loss on sale is $115,000

8 0
3 years ago
Destin Industries received a $60,000 check from one of its customers, deposited it into its bank account, and recorded it in its
gregori [183]

Answer:

Collection float

Explanation:

Collection float is defined as the time interval between check payment made into a bank and the time the payment is cleared and credited to the beneficiary.

It is also caused when check payment received are not yet deposited or checks posted by customer but it is not yet received.

It is a major factor of discrepancy between the bank statement and the cash book record .

4 0
4 years ago
____ describes the average level of ability, experience, personality, or any other factor on a team. A.Team diversity B.Group sy
Masja [62]
The answer would be C .Team Level

Here are some factors that will positively influence team level :
- More Experience
- More Experts in their field
- A hardworking and Positive personalities

Teams with higher level will be more likely to have  more capabilities to face wide variety of difficult problems
8 0
4 years ago
You are currently long in a futures contract. you instruct a broker to enter the short side of a futures contract to close your
Fantom [35]

You are currently lengthy in a futures contract. you instruct a dealer to enter the quick aspect of a futures contract to shut your position. this is referred to as short selling.

<h3>What is short future contract?</h3>

On the different hand a quick futures means a sell function which is due or unsettled as on a precise alternate date. For e.g.: if Y sells 10 Futures contracts on Stock A, then he is mentioned to have brief function on 10 such contracts thru which he can promote inventory A as per the lot dimension of the contract.

<h3>What is lengthy and quick role in futures?</h3>

Having a “long” function in a protection means that you personal the security. Investors keep “long” protection positions in the expectation that the stock will upward jostle in cost in the future. The opposite of a “long” position is a “short” position. A "short" position is typically the sale of a stock you do no longer very own

Learn more about short future contracts here:

<h3>brainly.com/question/984979</h3><h3 /><h3>#SPJ4</h3>
8 0
2 years ago
Luke heads the human resource department at a technology development company. There, he monitors trends of the labor markets wit
olasank [31]

Answer:

The correct answer would be, This scenario illustrates Luke's competency in Critical Evaluation.

Explanation:

When you critically evaluate a situation or scenario, and then make suggestions for that, it is called as Critical Evaluation. In this question, Luke monitors the trends of labor market in the industry and realizes the need of employees who must be skilled in Robotics. He realizes that his company is going to need Skilled employees in Robotics. He gathers information about the best robotic training programs in the region where the company operates. He then searched for best schools who provide training on such programs. He is basically critically evaluating the need of his business in the coming months or years and he is planning for that in advance by looking at all options and selecting the best before the need becomes serious. So Luke is using his Critical Evaluation Competency in this situation.

4 0
3 years ago
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