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Orlov [11]
4 years ago
7

If a gain of $7,610 is realized in selling (for cash) office equipment having a book value of $55,485, find the total amount rep

orted in the cash flows from investing activities section of the statement of cash flows.
Business
1 answer:
OLga [1]4 years ago
4 0

Answer:

total amount reported in the cash flow from investing activities = book value + realized gain = $55,485 + $7,610 = $63,095

Explanation:

In order for this specific gain to be reported only once in the cash flow statement, it must first be deducted from the cash flow from operating activities as an adjustment to net income.

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Price and Output data over a five year period for an economy that produces only one good. Assume that year 2 is the base year. Y
olasank [31]

Answer:

$90

Explanation:

Nominal GDP is GDP calculated using current year prices.

Nominal GDP = current year prices x unit of output

18 x $5 = $90

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

7 0
3 years ago
An agreement between Jim and his 18-year-old daughter, Betty, provides that he will give her $25,000 if she does not marry until
Mariulka [41]

Answer:

No, Jim is not correct.

Explanation:

Betty will win this case.

Generally, the law encourages marriage as its policy. If there is any contract that prevent or restrict marriage in whatever way, such contract would be considered null and void because it is against the public policy.

Despite the above, contracts will be generally considered valid when they place reasonable restrictions on marriage. In this question, the restriction placed on Betty that she should get married until after her 22nd birthday is reasonable and has to be considered to be valid. Based on this, Betty has to be paid the $25,000 as laid down in the binding contract between the two parties.

Therefore, Jim is not correct.

4 0
3 years ago
Chez Dove is an independent coffeehouse/bookstore that went bankrupt only eight months after opening due to an unexpected demand
emmainna [20.7K]

Answer:

Management

Explanation:

Better cash management ensures survival of any firm if well handled and managed.

A Cash Management Strategy includes the use of Banks, Saving & Loan Associations, Credit Unions, and other financial institutions provide a variety of financial services or the use of Account services provide customers with online banking offering deposits, investments, credit cards, loans, mortgages, rewards programs and others.

Effective Cash Management Rules involves: balancing your checkbook regularly and Pay your bills on time

And others.

3 0
3 years ago
Which of the following should be included in an individual taxpayers federal gross income
Kobotan [32]

Answer:

I believe your wages, dividends, business income, capital gain, retirement distributions as well as other income should all be included in an individual  gross business income

Explanation:

Let me know if this helps!

8 0
3 years ago
According to the law of increasing opportunity cost, as a society _________ more and more of a certain good, further production
Effectus [21]

Answer:

produces  

increases

trade-offs

Explanation:

The law of increasing opportunity cost states that when firms decide to make additional units of a certain product by reallocating resources, they do that at a higher opportunity cost than the previous production. The major traceable reason for this is inefficiency in resource reallocation.

This increase in opportunity cost is associated with increasing and increasing trade-off.

4 0
3 years ago
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