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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.

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Shamrock Company had net income of $34,000. The weighted-average common shares outstanding were 8,500. The company declared a $3
Leni [432]

Answer:

d) $4.00.

Explanation:

Net Income = $34,000

Common shares outstanding = 8,500 shares

Earning Per share = Net Income for the period / Common shares outstanding

Earning Per share = $34,000 / 8,500 shares

Earning Per share = $4 per share

The company's earnings per share is $4.

Divided declared has nothing to do in the calculation of Earning per share because we just measure the earning against each share which involves net income and number of outstanding shares only.

3 0
4 years ago
Use the following information:
marishachu [46]

Answer:

e. None of the above

300 customers per week

Explanation:

The computation of weekly capacity of the cashier operation is shown below:-

4 Cashiers managed to deliver 40 customers an hour production to the beggars.

So, for 1 cashier the capacity will be 10 customers per hour.

Now, in a week of 5 days and 6 hours per day,

we have a total of 30 hours

The one single cashier the capacity will be

Capacity =Total hours × Customer per hour

30 × 10

= 300 customers per week

Therefore option is not available

6 0
3 years ago
Which of the following is the correct term to
chubhunter [2.5K]
Standards because it represents how someone acts or how people want them to act
4 0
3 years ago
Bob, age 17, has entered into a contract to buy a car. The contract is: a. voidable. b. void. c. voidable only if Bob can return
AysviL [449]

Answer:

The correct answer is letter "A": voidable.

Explanation:

Voidable contracts are those that cannot be enforced because one or the two parties involved are not legally eligible to go on in such an agreement. Reasons to void a contract include but are not limited to failure to disclose material facts, legal incapacity to enter a contract or inconsistent contractual terms.

Thus, <em>Bob's contract to purchase a car is voidable since he is legally incapable of signing agreements due to his age (17 years old).</em>

4 0
3 years ago
How can you ensure that your telephone calls on the job are productive? Name at least six suggestions.
aalyn [17]

Answer:

Being productive means to be able to get more things done in a period of time and six suggestions to ensure that your telephone calls on the job are productive are:

-Plan an agenda to handle the call to know what you need to discuss.

-Have a clear goal to accomplish with the call to avoid discussing things that are not relevant to this.

-Avoid small talk that can take a lot of time and doesn't allow to get to the point.

-Limit the duration of the call to get people to focus on the important things.

-Summarize the points of the call to make sure that everyone is on the same page.

-End the call when the goal that was set has been accomplished.

8 0
3 years ago
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