1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alborosie
3 years ago
10

Dover Co.'s comparative balance sheet indicated that the Equipment account increased by $40,000. Upon further investigation of t

he account changes, it is determined that Dover purchased equipment totaling $70,000 for the year. It also sold equipment with an original cost of $30,000 for $8,000 cash. Assuming these are the only transactions affecting the investing activities, Dover will report net cash flows provided by (used in) investing activities of:
Business
1 answer:
nalin [4]3 years ago
8 0

Answer:

-$62,000

Explanation:

The computation of the net cash flow provided or used by investing activities is shown below:

Cash flow from investing activities

Purchase of an equipment -$70,000

Sale value of the equipment $8,000

Net cash flow used by investing activities -$62,000

The purchase represents the cash outflow therefore it is presented in a negative sign while the sale  represents the cash inflow therefore it is presented in a positive sign

You might be interested in
Economic value added:a. is a dollar amount rather than a percentage.b. is both a dollar amount rather than a percentage and uses
Fantom [35]

Answer:

The correct answer is letter "B": is both a dollar amount rather than a percentage and uses a firm's weighted-average cost of capital.

Explanation:

The Economic Value Added metric helps the shareholders of a business to determine how their capital is performing against other potential investments using the <em>weighted-average cost of capital </em>for that purpose. It is also a useful calculation for companies to decide on the most economically valuable project to be pursued.

The economic value added is calculated by subtracting the opportunity cost of capital from the earnings of the company. <em>The result is given in dollar amounts.</em>

7 0
4 years ago
You will be administratively suspended if you have a breath or blood alcohol level of ____ or above or refuse to submit to a che
olga nikolaevna [1]
As per ALS or administrative license suspension or revocation, a blood alcohol concentration of 0.08% or higher will automatically suspend you administratively aside from refusing to submit a chemical test. Automatically, licenses will be confiscated and will be suspended of criminal proceedings independently.
7 0
4 years ago
There is no nation involved in global trade that still maintains a fixed value of their currency relative to a key currency or g
kirza4 [7]

Answer:

a. true

Explanation:

  • Gold is a currency that is the free market system that will fluctuate tp the form of exchange and no country in international trade can maintain a fixed value of its currency relative to the key currency though they can trade gold in multiple ways and can participate in price movements.
6 0
3 years ago
Michael Jordan, retired NBA superstar, used his successes as an athlete to become a billionaire. What gains are entrepreneurs lo
Ivan
It should be Option B since entrepreneurs main aim is usually profit making.
7 0
4 years ago
A government's comprehensive annual financial report (CAFR) is divided into three main sections. The statements, schedules, tabl
Savatey [412]

Answer:

Step wise detailed solution is given in the attached diagram

3 0
3 years ago
Other questions:
  • List three causes of a favorable direct materials price variance. ​(Select three possible​ answers.)
    12·1 answer
  • Which one of the following is not a function of​ money? A. Medium of exchange. B. Store of value. C. Open market operation. D. U
    11·1 answer
  • Which of the following is a function of online analytical processing? Group of answer choices feeding vast amounts of informatio
    6·1 answer
  • What is the future value of 25 periodic payments of $5,440 each made at the beginning of each period and compounded at 8%? (Roun
    5·1 answer
  • Toby’s current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utility from consuming cashews is
    5·2 answers
  • Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1.6 Return on assets (ROA) 3% Re
    9·1 answer
  • Nathan has $300 to open a checking account. He wants an account with the lowest fees. He plans on using the ATM machine, and his
    15·2 answers
  • 4. explain the main advantage of retained profits as a source of finance
    14·1 answer
  • Which of the following is an advantage of a centralized purchasing department? a. Less bureaucracy b. Specialization c. Closer c
    5·1 answer
  • Your credibility with the reader of a persuasive message will not be enhanced by?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!