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Alexus [3.1K]
2 years ago
5

Each of the following transactions appear on the statement of cash​ flows, EXCEPT: A. depreciating longinus lived assets. B. acq

uiring longminus lived assets. C. disposing of longinus lived assets for non cash proceeds. OF. selling longminuslived assets.
Business
1 answer:
KiRa [710]2 years ago
3 0

Answer:

C. disposing of long minus lived assets for non cash proceeds

Explanation:

As we know that

Cash flow statement deals with the cash inflow and cash outflow of cash payments which increase or decrease the cash balance.

In another words, the inflow of cash increases the cash balance whereas the outflow of cash is decreases the cash balance

It includes operating activities, investing activities, and the financing activities.

Since all the given options includes the cash transactions except c.

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Jefferson Company has sales of $300,000 and cost of goods available for sale of $270,000. If the gross profit ratio is typically
Ivenika [448]

Answer:

$60000

Explanation:

Given: Sales = $300000.

           Cost of goods available for sale= $270000.

           The gross profit ratio= 30%

First finding the gross profit out of total sales.

Gross profit= 30\% \times 300000

Gross profit= \$ 90000

∴ Cost of goods sold= Total\ sales - gross\ profit

Cost of goods sold= 300000-90000

Cost of goods sold=  \$ 210000

Hence, cost of goods sold= \$ 210000

Now, finding estimated cost of the ending inventory.

Cost of ending inventory= cost\ of\ goods\ available\ for\ sale - cost\ of\ goods\ sold

⇒ Cost of ending inventory=  \$ 270000- \$ 210000

∴ Cost of ending inventory=  \$ 60000

Hence, estimated cost of the ending inventory under the gross profit method would be $60000.

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2 years ago
Creating a Multimedia Presentation
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Wheres the question ??
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1 year ago
In the market for breakfast cereal, the market is currently in equilibrium. suddenly there is a storm that destroys the wheat th
Reika [66]

The answer is<u> "Supply will decrease."</u>


A storm that crushed the wheat products would make the cost of that grain to rise. Given that grains are a critical contribution to the make of oat, the ascent in the cost of grain speaks to an expansion in input costs for oat. This is spoken to in the grain advertise as a leftward move of the supply bend and no adjustment in the demand curve.

7 0
2 years ago
Simon owns stock that has declined in value since acquired. He has decided either to give the stock to his nephew, Fred, or to s
Rudiy27

Answer:

It appears on the surface that Simon must give the stock to Fred and let Fred sell it, because Fred is in the higher tax bracket (i.e., 22% compared to Simons 12%). But for gift property, the basis of loss to the donee is the lower of (1) the adjusted basis of the donor, or (2) the amount of fair market value (FMV) on the date of the gift. Thus as Fred cannot take benefit of the loss, Simon must sell the stock, deduct the realized loss, and sales proceeds should be given to Fred.

When Simon sells the stock and handover the sale proceeds to Fred, in that case the capital gain received from the stock's sale will be taxed on Simon as per his tax bracket. The transfer of sale proceeds to Fred will not have any impact on tax.

8 0
3 years ago
A company needs to raise $22 million and plans to issue 20-year bonds for this purpose. The required rate of return is 7.6 perce
VARVARA [1.3K]

Answer and Explanation:

The computation is shown below:

Since the required rate of return equal to the coupon rate i.e 7.6% that means the bond issued at par

Therefore, the number of bond issued is

We assume the par value is $1,000

=$22,000,000 ÷ $1,000

= 22,000 Coupon bonds

And  

Price of zero Coupon bond is

= $1,000 × (1.038)^-40

= $224.96

And, Number of coupon bond is

= 22,000,000 ÷ $224.96

= 97,795 zero Coupon bond

Now the payment made to bondholders in case of issuing the coupon bond is

= (Last Coupon payment + face value) × number of bond

= (1000 + 36) ×22,000

= $22,836,000 or 22.836 million

And in case of issuance of the zero coupon bond, the payment is

= Number of bonds × face value

= 97,795 × 1000

= 97,795,000 or 97.795 million

The time period doubles and the rate is half

8 0
3 years ago
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