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MissTica
3 years ago
7

The following transactions occurred last year at Dempsey Inc. Issuance of common stock $ 50,000 Dividends paid to common stockho

lders 3,000 Depreciation expense 6,000 Repayment of principal on the company's own bonds 40,000 Sale of equipment 17,000 Purchase of land 120,000 Based solely on the above information, the net cash flows from financing activities for the year on the statement of cash flows would be Select one:A) $249,000.B) $7,000.C) $(103,000).D) $(6,000).
Business
1 answer:
polet [3.4K]3 years ago
7 0

Answer:

B) $7,000

Explanation:

Dempsey's financing activities include:

  • Issuance of common stock $50,000
  • Dividends paid to common stockholders $3,000
  • Repayment of principal on the company's own bonds $40,000

net cash flow from financing activities = $50,000 - $3,000 - $40,000 = $7,000

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Fixed costs equal $16,000, unit contribution margin equals $35, and the number of units sold equal 1,300. Operating income is __
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The answer is 61,500
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2 years ago
Yo-Down Inc. produces yogurt. Information related to the company’s yogurt production follows:
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Answer:

Yo.Down Inc.

Determination of Support Department 1 costs to be allocated to each production department:

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Support Department 1    $96,000            $6,000           $18,000

Explanation:

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Production Department 2 = $60 x 100 = $6,000

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3) The direct method is one of the three methods for allocating support or service department costs to the production departments in order to ensure the full inclusion of overhead costs in the production costs.  As the name goes, the costs of service departments are allocated to only production departments individually.  This method is not like the step method of cost allocation where the costs of service departments are allocated to other service departments, starting with the department with the highest costs, followed by the next, until all the costs of service departments are allocated to production.  However, no service department whose total costs have been allocated will be allocated any costs.  The last method of cost allocation is the reciprocal method, which is a more complicated method that produces more accurate results, by using equations to establish relationships between the departments.

3 0
3 years ago
Which members of OPEC would be the most likely to favor high oil prices now because of their small percentage of the world prove
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Read more on OPEC here: brainly.com/question/26412451

6 0
2 years ago
The trial balance for Swifty Corporation appears as follows:
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Explanation:

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Supplies expense A/c Dr    $115

    To supplies A/c                              $115

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