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professor190 [17]
3 years ago
15

Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. Paid $89,000 cash for a n

ew truck. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. Long-term investments in stock were sold for $60,800 cash, yielding a gain of $4,150. Use the above information to determine this company’s cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
Business
1 answer:
yulyashka [42]3 years ago
7 0

Answer:

The company’s cash flows from investing activities is $221,100

Explanation:

Cash flow from investing activities:

It records that transactions which is related to the purchase and sale of long term assets. The purchase of fixed assets has outflow of cash so, it is deducted whereas the sale of fixed assets has inflow of cash so, it is added.

The cash flow from investing activities is shown below:

Add : Sale of equipment (Book value - loss) = ($65,300 - $14,000) = $51,300

Less : Purchase of new truck = - $89,000

Add: Sale of land = $198,000

Add: Sale of long term investment = $60,800

So, the cash flow from operating activities :

= $51,300 - $89,000 + $198,000 + $60,800

= $221,100

The other cost is not related to the investing activities. Therefore, it is not considered in the computation part.

Hence, the company’s cash flows from investing activities is $221,100

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A broker produces a buyer who is interested in buying a listed property. At closing, the seller is unable to provide marketable
-Dominant- [34]

Answer:

No, because he did not produce a ready willing and able buyer

Explanation:

A broker's commission is earned upon his supplying a purchaser ready, willing and able to buy according to seller's terms, and upon completing duties called for in the earnest money agreement.

A transaction is not "closed" until the buyer has been supplied with evidence of title called for in the earnest money receipt; delivery of deed; accounting to the seller of consideration coming to him, together with delivery of possession of the premises to the buyer.

4 0
3 years ago
When Jasmine interviewed for a position as a computer programmer, she was asked to take a test on a particular programming langu
blagie [28]

Answer:

Performance

Explanation:

She is asked to take a test to analyse here capability and understanding. The test she took is called 'Performance testing' it is a way toward deciding the swiftness, responsiveness and knowledge of a particular set of skill. It helps an organisation or a firm to pick the right candidate for the job. The organisations usually choose a candidate by analysing their  performance test.

5 0
3 years ago
​Miguel, a manager for Sierra​ Company, is inspecting the reports provided by his​ company's accounting department. He wants to
Artemon [7]

Answer:

The correct answer is letter "A": managerial accounting information.

Explanation:

Managerial accounting is internal accounting that allows managers to assess the impacts of their choices. This contrasts with financial accounting which underlines the company's more general, higher-level financial results. There are many managerial accounting techniques such as product costing, cash flow analysis, inventory, and raw material turnover analysis.

So, <em>if Miguel wants to schedule his​ department's employees in production for next week he can use managerial accounting information for that purpose.</em>

7 0
3 years ago
Hermansen Corporation produces large commercial doors for warehouses and other facilities. In the most recent month, the company
timurjin [86]

Answer:

Variable overhead efficiency variance =  $2,212unfavorable

Explanation:

variable overhead efficiency variance: Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected.

Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance  

                                                                                       Hours

5,400 units should have taken (5,400×3.8 hours)   20,520

but did take                                                                <u> 20,800</u>

Labour hours variance                                                280 unfavorable

Standard variable overhead rate                         ×     <u>$ 7.90</u> per hour

Variable overhead efficiency variance                     $2,212  unfavorable

Variable overhead efficiency variance =  $2,212unfavorable

8 0
3 years ago
hailey corporation pays a constant $13.50 dividend on its stock. the company will maintain this dividend for the next 8 years an
Elena-2011 [213]

The current share price is approximately $69.47

<h3>What is the Share price?</h3>
  • The cost of one share of a group of marketable equity shares of a firm is known as the share price.
  • Simply put, the stock price is either the lowest possible price or the maximum price someone is ready to pay for the stock.
  • Analysts estimate the behavior of asset prices, especially share prices in stock markets, using random walk approaches in economics and financial theory.
  • The share price method is predicated on the idea that investors behave logically and impartially and constantly appraise the value of an asset based on expectations for the future.
  • In such a scenario, the price is influenced by all available information and is only subject to alteration in response to the release of new information.

Share price = $13.5 × Present value of annuity factor(11%,8)

Share price =$13.5 × 5.146122761

Share price =$69.47(Approx).

Hence, the current share price is approximately $69.47

To learn more about Share price from the given link

brainly.com/question/28546868

#SPJ4

5 0
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