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
Yuliya22 [10]
3 years ago
11

Wordmill Publications purchased a printing machine for $40,000 on January 1, 20X1. On December 31, 20X5, it sold the printing ma

chine for $25,000. The book value of the equipment on the date of sale was $20,000. Assuming that the company used the indirect method while preparing its statement of cash flows, which of the following is true of the treatment of the gain on sale of the printing machine in the cash flow statements?a. The gain of $5,000 is deducted in the financing activities section of the statement of cash flows.b. The gain of $5,000 is added in the operating activities section of the statement of cash flows.c.. The gain of $5,000 is added in the cash flows from financing activities section of the statement of cash flows.d. The gain of $5,000 is deducted in the operating activities section of the statement of cash flows.
Business
1 answer:
Diano4ka-milaya [45]3 years ago
8 0

Answer:

d. The gain of $5,000 is deducted in the operating activities section of the statement of cash flows.

Explanation:

Printing machine is fixed Asset and gain on sale of fixed assets are deducted in operating activities before changes in working capital as it is non operating income and these are deducted from the figure of net profit which is shown in operating activities.

You might be interested in
The purpose of the general journal is to show accounting events in their __________ sequence.
Valentin [98]

Answer:

Chronological

Explanation:

For accounting day to day business transactions, there is a proper sequence of accounting cycle i.e.

1. Transactions

2. Journal entries

3. ledger posting

4. Trial balance

5. Worksheet

6. Journal entries i.e. adjusted

7. Financial statements

8. Books closing

So it would be chronological

7 0
3 years ago
An attractive industry is one that is characterized by high entry barriers, suppliers and buyers with strong bargaining power, l
lord [1]

Answer:

False.

Explanation:

An attractive industry are not one that is characterized by high entry barriers, suppliers and buyers with strong bargaining power, low threats from substitute products, and low rivalry among firms.

An industry is defined by a group of firm that produce good and service, which are close subtitute and bargaining power of supplier are not considered as entry barrier to a firm in the open market. Industry with high fixed cost can pose high degree of rivalry among firm.

5 0
3 years ago
•<br> List three examples of lighting and give the purpose for each
jarptica [38.1K]

Answer:

The three examples of lighting are;

1. General lighting

2. Task lighting

3. Accent lighting

Explanation:

Lighting involves the use of electricity to serve a function. When designing a room, the type of lighting is important in achieving specific aesthetic purposes. The three examples of lighting are; General, task and accent lighting. They are further explained below;

1. General lighting

General lighting is usually meant to illuminate an entire room. It is supposed to make all corners of the room visible in it's entirety. It usually of a soft and flat nature to ensure that it looks as natural as possible. It;'s major function is to get one safely from one point to another. It's not meant for highlighting things on the space, rather the room should be viewed as one homogeneous space. A room of ambient light should give a warm feeling of relaxation especially after a stressful day. It allows the pupils to slightly dilate and also brings the mood of relaxation. Most yoga sessions usually prefer the use of ambient lighting during meditation. The following lights can be used to cause ambient light, namely; chandeliers, pendants, track, recessed and ceiling.

2. Task lighting

Task lighting usually covers a smaller area to illuminate that particular portion of the room. It is a much narrower and more concentrated type of light. Sometimes referred to as office lighting, this type of lighting works well one trying to concentrate on a specific task. They are majorly used when conducting activities that require a lot of attention that requires one to see more clearly.  The tasks can include; sewing, reading, cooking and writing. The task lighting is always effective when it is brighter than the general lighting in a room. When the lighting in the room is brighter than the task lighting, it causes a shadowy effect that affects visibility. Task lighting improves alertness by stimulating your brain to be more active and notice even finer details of your work. The following fixtures can assist in creating task lighting, namely; swing arm lamps, pendants, under cabinet and vanity.

3. Accent lighting

Accent lighting is a special type of concentrate light that serves two purposes. Accent lighting serves to illuminate specific objects or points in a room that are interesting while trying to shadow the dull parts of the same room. Accent lighting adds more flavor and drama to specific objects in a room and is mostly used on objects such as; art work, pieces of furniture, decorative book display and wall decorations. Accent lighting brings a mood of importance and sophistication towards the objects being highlighted. It is majorly used in museums, art shows and buildings with historical meaning. To create accent lighting, the following lights are recommended; Recessed, Wall lights, Landscape and Track.

7 0
3 years ago
A portfolio that combines the risk-free asset and the market portfolio has an expected return of 6.5 percent and a standard devi
mario62 [17]

Answer: Step 1) Find share of market in the Portfolio

(11.5-3.5)x+3.5=6.5

8x=3

x=3/8

x=0.375

=37.5%

SD of market portfolio= 0.375x+0=9.5

x=9.5/0.375

=25.33%

correl = cov / (std 1 * std2)

0.4=COV/0.2533*0.545

COV= 0.2533*0.545*0.4=0.05

cov of 2 assets = b1 * b2 * variance of market

0.05=B1*1*0.2533^2

B of security=0.0032

Capm Model

3.5+0.0032(11.5-3.5)=3.5256% expected return

Explanation:

Step 1) Find the share of market in the portfolio in order to find market SD

Step 2)  Find Covariance betweens security and market by using both SDS and correlation

Step 3) Find Beta of Security using Co variance

Step 4) Use the Beta in CAPM model in order to find expected return

4 0
2 years ago
You and your friends have decided to build a skateboard ramp behind your house. You have already purchased $500 in materials and
alexandr402 [8]

Answer:

(a) $500

(b) $620

(c) $180

(d) $72

Explanation:

Explicit costs refers to the which are incurred during running the business and these costs affects the profitability of the company.

Implicit costs refers to the opportunity cost of selecting some other alternative.

(a) Here, the explicit cost is the cost of purchasing materials = $500

(b) If I rent an electric saw, then the explicit cost is as follows:

= Purchasing cost of material + (Rent × No. of hours to build ramp)

= $500 + ($20 × 6 )

= $500 + $120

= $620

(c) If I use a handsaw, then the implicit cost is as follows:

= Hours to build ramp × A job pays $12 per hour

= 15 × $12

= $180

(d) If I rent an electric saw, then the implicit cost is as follows:

= Hours to build ramp × A job pays $12 per hour

= 6 × $12

= $72

4 0
2 years ago
Other questions:
  • Consumers' affinity for sports brands may be immune to threats other brands face, such as competition for attention and switchin
    14·1 answer
  • Rextacular Manufacturing Company reported the following materials data for the month ending June 30, 2016:
    7·1 answer
  • Which marketing metric measures the percentage of the target market that has been exposed to a promitonal message at least once
    8·1 answer
  • Saving money becomes easier if we do this first.
    8·1 answer
  • What is the value of a loom that is expected to generate fixed annual cash flows of $3,640 every year for a certain amount of ti
    14·1 answer
  • The following selected transactions occur during the first year of operations. Determine how each should be reported in the stat
    10·1 answer
  • Macee Department Store has three departments, and it conducts advertising campaigns that benefit all departments. Advertising co
    8·1 answer
  • Jenna Jeffries started her business baking dog treats by investing cash of $1,000. During May, its first month of operations, Je
    13·1 answer
  • Mike has a car accident and Maria saves his life. To show his appreciation, Mike gives Maria a life estate in one of the homes h
    14·1 answer
  • In an organization with compensation that has ______ outcome interdependence, a(n) ______ portion of the employee's pay depends
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!