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
Ulleksa [173]
3 years ago
5

A company reported that its bonds with a par value of $50,000 and a carrying value of $57,000 are retired for $60,000 cash, resu

lting in a loss of $3,000. The amount to be reported under cash flows from financing activities is:
a.$3,000 outflow.
b.$60,000 outflow.
c.$57,000 outflow.
Business
1 answer:
kherson [118]3 years ago
3 0

Answer:

b.$60,000 outflow.

Explanation:

Cash flows from financing activities

Retiring value of bonds for cash    -$60,000

Cash flow from financing activities -$60,000

Since the cash flow statement records only cash transactions. So in the given case, the bonds are retired for $60,000 in cash that reflects the cash outflow and the same is to be presented on the financial statements

You might be interested in
Consider the supply of avocados. explain why a change in the price of fertilizer causes a shift in the supply curve for avocados
allsm [11]

I believe the answer is: D. a change in the cost of inputs changes how much a producer will supply at a given price

Fertilizer is considered to be an input for the avocado since it is an integral part for the avocado producers to transform raw material (Avocado seeds) into a finished product (full grown avocado), Which mean when the cost of fertilizer is increased, the amount of capital needed before their avocado is ready to sell would also increased.

5 0
3 years ago
All of Ameliorate Inc.'s sales are on account. 60% of the credit sales are collected in the month of sale, 30% in the month foll
Sidana [21]

Answer:

Total cash collection= $530,000

Explanation:

Giving the following information:

<u>Sales:</u>

February $500,000

March $400,000

April $600,000

60% of the credit sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following the sale.

<u>Cash collection April:</u>

Cash collection credit sales from April= (600,000*0.6)= 360,000

Cash collection credit sales from March= (400,000*0.3)= 120,000

Cash collection credit sales from February= (500,000*0.1)= 50,000

Total cash collection= $530,000

6 0
2 years ago
Elston Company compiled the following information as of December 31, 2014:Service Revenue $700,000Common Stock $150,000Equipment
Elden [556K]

Answer:

The Elston's stockholders' equity on December 31, 2014 is $550,000

Explanation:

For computing the stockholder equity, first, we have to find out the ending retained earning balance which equals to

= Beginning retained earning balance + Net income - dividend paid

= $375,000 + $75,000 - $50,000

= $400,000

where,

Net income = Service revenue - operating expenses

                   = $700,000 - $625,000

                   = $75,000

Now the stockholder equity equals to

= Common stock + ending balance of retained earning

= $150,000 + $400,000

= $550,000

6 0
3 years ago
You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products
levacccp [35]

Answer:Please refer to Explanation

Explanation:

Cross Price Elasticity of Demand is a very useful tool in Economics to ascertain if goods are compliments or Substitutes.

Cross Price Elasticity of Demand (CPSD) measures the change in demand in one good due to a change in price is the other good.

If the CPSD is negative then the goods are Compliments meaning that they are used together which is why when the price of one good goes down, the demand of the compliment goes up because more of the original good will be bought due to the lower price.

If the CPSD is Positive, it means that they are Substitutes and a Decrease in price in one good leads to a decrease in demand for the other good because people will demand less of it and switch to the former (now cheaper) good.

The formula is,

=  % change in Quantity Demanded of Product A /% change in Price of Product B

a. Splishy splashies and Flopsicles

CPSD = -18%/-1%

= 18%

The CPSD for both these products is 18% which is a positive figure. This means that they are Substitutes and <u>should not be marketed together. </u>

b. Splishy Splashies and Flopsicles

CPSD = 3%/-1%

= -3%

With the CPSD being a negative figure here, these goods are Compliments.

Splishy Splashies and Flopsicles <u>should be Marketed together</u> as they compliment each other.

5 0
3 years ago
1. Why are fewer customers entering local bank branches?(Select all that apply)
ExtremeBDS [4]

Answer:

2.a. new account and loans, 3. b. make a deposit

4 0
3 years ago
Other questions:
  • Gourd supermarkets has an extensive training program for all new employees and then has all employees spend a day in customer se
    13·2 answers
  • This type of cover letter style does a side by side comparison of an employer’s requirements and an applicant’s experience: a. P
    10·2 answers
  • Monetary policy is defined​ as: A. The actions the Federal Reserve takes to manage tax policy and interest rates. B. The actions
    6·1 answer
  • _____ is important because it helps you create a plan to complete all tasks.
    15·2 answers
  • A difference between Maslow's need hierarchy and Alderfer's ERG theory is that
    12·1 answer
  • Why do countries pursue the macroeconomic goal of stable prices? O )A. Stable prices help businesses plan future economic decisi
    14·2 answers
  • Under the gold standard, gold flows reduce the money supply in one nation when another nation experiences a trade surplus. The n
    13·1 answer
  • Which part of your uniform must be worn at all times (select all that
    14·1 answer
  • Linda is the manager of a graphic design company. Her IT team asked for her consent to upgrade the editing software used by empl
    12·1 answer
  • Al manages both Brown River Apartments and Orange Acres Condominiums. These complexes are not owned by the same person. In this
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!