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Ne4ueva [31]
3 years ago
15

A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $23,649 repres

enting a gain of $3,881. The value in the operating activities section regarding this event would be
a. $(3,881)
b. $23,649
c. $27,530
d. $19,768
Business
1 answer:
Alexus [3.1K]3 years ago
6 0

Answer:

a. $(3,881)

Explanation:

Gain on sale of fixed assets is an income. To be included in the operating section of the cash flow statement, we need to deduct the gain. The disposal of the fixed assets will go to the investing section. As the gain of the sale of assets is already added to the net income in the income statement, it will be deducted to make the accounting procedure transparent. Therefore, <em>option A</em> is correct.

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Business revenue is
maria [59]

Answer:

The correct answer to the following question will be Option A (money collected through product sales).

Explanation:

  • Revenue seems to be the amount of money a business generally earns for a given time, including promotions as well as exemptions for finished merchandise.
  • Revenue is indeed the quantity of cash that always comes from the commercial operations of an organization. As throughout the price-to-sales measure, an equivalent to something like the price-to-earnings rate of return, which utilizes revenues in the divisor.

The other given choices are not related to the given circumstances. So that Option A would be the right answer.

7 0
3 years ago
After serving a good number of customers in its home state, Marble Cakes, Inc. has set up business in three other states with ad
gtnhenbr [62]

Answer:

b)Horizontal diversification

Explanation:

Horizontal diversification is defined as the process by which a business starts providing a product that is unrelated to its previous products supplied.

However the market is a similar one.

In the given scenario Marble Cakes, Inc. has set up business in three other states with additional menu options of cupcakes, donuts, and coffees to generate new customers.

The new set of products are completely different from the one initially supplied, but sales is in similar market as before.

3 0
3 years ago
Kingery Corporation began the calendar (and fiscal) year with a simple structure consisting of 38,000 shares of common stock outs
Lunna [17]

Answer:

a. EPS = $4.78 per share

b. Basic EPS = $4.41 per share

Explanation:

a. Compute the earnings per share (EPS) of common stock

Number of shares outstanding = 38,000 + 10,000 + 1,000 = 49,000

EPS = Net income ÷ Number of common shares outstanding = $234,000 ÷ 49,000 = $4.78 per share

b. Compute the basic earnings per share of common stock

Preferred dividend = 6,000 × $50 × 6% = $18,000

Basic EPS = (Net income - Preferred dividend) ÷ Number of common shares outstanding = ($234,000 - $18,000) ÷ 49,000 = $4.41 per share

6 0
4 years ago
Your office has just implemented a new process for updating client files. Since you helped to create the process, your superviso
natima [27]

Explanation:

The top three areas one must consider while planning an effective presentation are as follows:

1) Ease of Demonstration

2) Details about the main point of the presentation

3) Length of the presentation.

The above mentioned points are very important while planning an effective presentation to the audience. Consider audience as Lehman and pick up the most easy way to demonstrate the idea of the presentation to them. Secondly give appropriate details about the area on which you are going to give the presentation. Lastly, one must maintain an appropriate length of the presentation, that covers all the important aspects as well as not make the audience lose interest in it due to its length.

4 0
4 years ago
A pencil manufacturer is in a perfectly competitive market. The firm can sell as much as it wants at a price of $1.50 per pencil
Ierofanga [76]

Answer:

d. Continue production in the short run, but exit the business in the long run unless prices are expected to rise or costs to fall..

Explanation:

Currently, their sales revenue less variable cost is positive as it can sale at $1.50 dollars and the variables cost are less than that. Therefore, there are fixed cost thefirm can pay because it produce.

Now, in the long-run when the firm can exit the market it should consider to do so if it continues to get an average cost above the selling price.

3 0
3 years ago
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