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lesya [120]
3 years ago
8

n preparing its cash flow statement for the year ended December 31, 2022, Reyes Co. gathered the following data: Gain on sale of

land$12,500 Proceeds from sale of land 21,500 Purchase of Diamond, Inc., bonds (face value $215,000) 362,000 Amortization of bond discount 4,800 Cash dividends declared 98,000 Cash dividends paid 72,000 Proceeds from sales of Reyes Co. common stock 159,000 In its December 31, 2022, statement of cash flows, what amount should Green report as net cash from financing activities
Business
1 answer:
rodikova [14]3 years ago
7 0

Answer:

$87,000

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow of cash while an increase in liabilities is an inflow of cash.

Hence the net cash from financing activities

= -$72,000 + $159,000

=  $87,000

Other activities are either operating or investing activities.

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Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct m
RSB [31]

Answer:

d. $1,540 F

Explanation:

The formula to compute the variable overhead efficiency variance is shown below:

= (Actual direct labor hours - standard direct labor hours) × variable overhead per hour

where,

Actual direct labor hours is 2,380

And, the standard direct labor hours equal to

= 5,200 units × 0.5

= 2,600 hours

Now put these values to the above formula  

So, the value would equal to

= (2,380 hours - 2,600 hours) × $7

= 1,540 favorable

5 0
3 years ago
carlos' firm manufactures custom-made furniture that is sold through various furniture retailers. carlos sources the wood he nee
Papessa [141]

Carlos sources the wood he needs from various lumber manufacturers and uses a distributor to get his products to the retail stores for sale. the suppliers of the wood, the distributor, and the retail stores are all part of a <u>Supply channel</u>

  • Supply chain management, in the context of commerce, is the control of the movement of products and services between establishments. This can involve the transportation and storage of raw materials, inventories for commodities still being produced, finished goods, and the complete fulfillment of orders from the point of production to the point of consumption.
<h3><u>What are the supply lines?</u></h3>
  • When seeking for the finest means to sell their products, a corporation can pick from four primary distribution channels. Direct sales, wholesale, brokerage, and dual distribution are available options. Choose your supply chain distribution partners wisely for best practices.

to learn more about supply chain, Click the links.

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8 0
1 year ago
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in units 300 34
AlladinOne [14]

Answer:

Production budget for May = 336 units

Explanation:

<em>The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.  </em>

Production = Sales volume + closing inventory - opening inventory

Closing inventory in May =40%× 300

opening inventory in May = Closing inventory in April= 40%×360

Production budget = 360 + (40%× 300) -(40%× 360)=336

Production budget for May = 336 units

4 0
3 years ago
An appliance store carries a specialty model of microwave ovens. The demand for the microwave oven is relatively constant at 250
mamaluj [8]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

8 0
3 years ago
The United States will import 3 million CDminusRom drives if​ ________ tax per CDminusRom drive is levied on imported CDminusRom
Brums [2.3K]

Answer:

A. no

Explanation:

If there is no tax rate per CDminusRom, to import it will cost less. It is easier when there is no tax rate attached. Therefore, The United States will import 3 million CDminusRom drives if​ ____NO____ tax per CDminusRom drive is levied on imported CDminusRom drives. Hence, the answer is A

8 0
2 years ago
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