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
finlep [7]
3 years ago
7

Sonesta Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $9,000. The net book va

lue of the asset was $30,900. Which of the following statements describes the cash effect of the transaction?
A.positive cash flow of $39,900 from financing activities
B.negative cash flow of $21,900 for operating activities
C.negative cash flow of $21,900 for financing activities
D.positive cash flow of $21,900 from investing activitie
Business
1 answer:
AURORKA [14]3 years ago
6 0

Answer:

D) positive cash flow of $21,900 from investing activities

Explanation:

To calculate Sonesta's cash flow associated to this transaction we can use the following formula:

cash flow = net book value of the asset - loss on sale of the asset

cash flow = $30,900 - $9,000 = $21,900

The cash flow was generated by an investing activity since Sonesta sold an asset, not its products.

You might be interested in
Which is a primary activity in Porter’s value chain model?
mojhsa [17]

Answer:

D. outbound logistics

Explanation:

The rest are Secondary activity in Porter's value chain model.

5 0
3 years ago
Nancy, an employee at MegaWorks Corp., has been on the job for only a week. She needs to ask the accountant some questions, but
Ghella [55]

Answer:

D. Ask someone for the accountants name.

Explanation:

I say (D) because you only been working there for a week you just got hired so the other employees there shouldn't mind helping you out.

6 0
3 years ago
Year-to-date, Oracle had earned a −1.34 percent return. During the same time period, Valero Energy earned 7.96 percent and McDon
Stels [109]

Answer:

Portfolio Return is 1.98%.

Explanation:

Weighted Average Return is used for to Calculate Portfolio's Return.

Portfolio Return = (-0.0134 * .3) + (0.0796 * .25) + (0.0088 * .45)

                            = -0.00402 + 0.0199 + 0.00396 = .01984 = 1.98%.

5 0
3 years ago
For a recent 2-year period, the balance sheet of Blue Company showed the following stockholders’ equity data at December 31 (in
Misha Larkins [42]

Answer:

Par value of common stock is $2.5

Explanation:

The par value of common stock can determined by dividing the common stock total amount in each of the two years by the shares issued and outstanding in each year as demonstrated below:

2019:

Par value of common stock =Common stock($)/shares issued

common stock($) is $555 million

shares issued and outstanding is 222 million shares

par value of common stock=$555 million/222 million=$2.5

2020:

Par value of common stock =Common stock($)/shares issued

common stock($) is $560 million

shares issued and outstanding is 224 million shares

par value of common stock=$560 million/224 million=$2.5

Ultimately the par value of common stock as shown be computations for both years is $2.5

7 0
3 years ago
What should be selected in the Payor Type field in the Deposit dialog box when entering capitation payments
natita [175]

Answer:

Capitation

Explanation:

Capitation should be selected. Capitation payments can be explained to be defined, periodic as well as per-patient payments that are usually on a monthly basis for every person who has entered into a capitated insurance plan. Such that, a provider can get paid per-month or per-patient, irrespective of the number of times that the patient came in for treatment or required service.

7 0
3 years ago
Other questions:
  • This type of pay is defined as added pay for employees that have reached the maximum of a pay grade and are unlikely to move int
    11·1 answer
  • Throughout the text, Thoreau uses repetition, particularly parallel structure. Identify three or four examples and analyze their
    13·1 answer
  • The petty cash fund had an initial imprest balance of $210. It currently has $17 in cash, $4 in miscellaneous cash receipts, and
    6·1 answer
  • In discussing inventory, helena mentions that bikinis for sale on the website are not always in stock. say customer feedback ind
    9·1 answer
  • Which of the following is the path through which contractionary monetary policy works? A. Money down implies interest rate up im
    6·1 answer
  • The more data you can collect and analyz,the more accurately you can predict the probability of various destructive event
    8·1 answer
  • Which of the following terms refers to the necessary stress that activates and motivates people to achieve goals and change thei
    7·1 answer
  • Three primary ledgers used in double-entry bookkeeping?
    13·1 answer
  • is sueing someone for 50,000 dollars for no reason an example of integrity because recently a neighbor in my neighborhood was be
    15·1 answer
  • The next 5 questions use the same below information. Company C had the following investment. Help them determine the financial s
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!