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liubo4ka [24]
3 years ago
12

At the beginning of the year, Gonzales Corporation had $100,000 in cash. During the year, the company undertook a major expansio

n. From the statement of cash flows, operating activities generated $300,000 of cash, while investing activities required cash expenditures of $800,000. At the end of the year, the company's cash position was $50,000. What was the net cash provided by the company's financing activities?
a.$350,000
b.$400,000
c.$300,000
d.$450,000
e.$500,000
Business
1 answer:
hram777 [196]3 years ago
6 0

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, the given data are as follows:

Beginning cash flow = $100,000

Operating activities generated = $300,000

Investing activities required = $800,000

End Cash = $50,000

So, we can calculate the net cash provided by company's financing activities by using following formula:

So, first we analyze Cash flow after operating activities, then

Cash flow (after operating activities ) = Beginning cash flow + Operating activities generated

= $100,000 + $300,000

= $400,000

Now, cash flow after investing = $400,000 - $800,000

= -$400,000

Given that closing cash balance = $50,000

So, Net cash provided = $400,000 + $50,000

= $450,000

Hence, the net cash provided by the company's financing activities was $450,000.

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Answer:

The correct answer is A

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Master-detail relationship is the relationship where the master states the parent and detail states a child, in which the master object controls or regulate some behaviors of the detailed object.

Cross object formula field is the one, which spans 2 related references and the objects that merge fields on the objects. So, a developer will use the Cross object formula field for displaying into the related list.

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3 years ago
Garza Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and compu
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Answer:

$57,400

Explanation:

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3 years ago
Sole Mates Inc. is planning a one-month campaign for July to promote sales of one of its two shoe products. A total of $100,000
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Answer:

Sole Mates Inc.

Differential analysis:

                                        Tennis Shoe      Walking Shoe

Unit selling price                      $85                  $100

Unit production costs:

Direct materials                        $19                   $32

Direct labor                                  8                      12

Variable factory overhead          7                       5

Unit variable selling expenses   6                     10

Total variable costs                $40                   $59

Contribution margin per unit $45                   $41            

                                        Tennis Shoe      Walking Shoe   Difference

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Total contribution margin    $315,000         $287,000       $28,000

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Total income (loss)             ($215,000)          $187,000      $28,000

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Explanation:

a) Data and Calculations:

Budgeted advertising costs = $100,000

                                        Tennis Shoe      Walking Shoe

Unit selling price                      $85                  $100

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Direct materials                        $19                   $32

Direct labor                                  8                       12

Variable factory overhead          7                        5

Fixed factory overhead             16                       11

Total unit production costs    $50                  $60

Unit variable selling expenses   6                     10

Unit fixed selling expenses     20                     15

Total unit costs                       $76                 $85

Operating income per unit      $9                   $15

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