Answer:
This $24,000 reflect under the financing activities
Explanation:
Basically there are three types of activities:
1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.
2. Investing activities: It records those activities which include purchase and sale of the fixed assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
The dividend is paid $80,000 and owns 70 percent so the final amount would be = $80,000 × 70% = $56,000
So, the cash outflow would be = $80,000 - $56,000 = $24,000
This $24,000 reflect under the financing activities
Answer:
Accounts receivable
Explanation:
Accounts receivable is a component or part of the current assets. It is the amount that is created by selling the goods on account. Such receipts are receivable within the duration of one year.
Salaries payable is a part of current liabilities.
Notes payable is also a part of current liabilities.
Similarly, accounts payable is also a part of current liabilities.
Such payments are payable within the duration of one year.
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Answer:
a. $29,000
b. $214,000
c. Yes
Explanation:
a. Annual Depreciation expense:
= (Cost - salvage value)/ Useful life
= (330,000 - 40,000) / 10,000
= $29,000
b. Net book value at end of 4th year:
= Cost - 4 year depreciation
= 330,000 - (4 * 29,000)
= $214,000
c. One test to see if equipment is not impaired is that the Expected Undiscounted cashflows need to be higher than the net book value. This is not the case here as the Net Book value of $214,000 is higher than the expected Undiscounted cash inflows of $185,000. Equipment is therefore impaired.
Answer:
Profit= $5200
Explanation:
let the short sleeved shirt be x and long sleeved shirt be y then according to the given conditions 30x+45y=240(60) minutes---A
also x+y=400------B
multiplying b with 30 gives
30x+30y=12000------C
subtracting C from A 15y= 2400
y= 160 long sleeved shirts and x= 240 short sleeved shirts are made
Profits= 240*11+160*16=$5200
