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
GenaCL600 [577]
3 years ago
7

A $50,000 note payable is retired at its $50,000 carrying (book) value in exchange for cash. The only changes affecting retained

earnings are net income and cash dividends paid. New equipment is acquired for $82,600 cash. Received cash for the sale of equipment that had cost $73,600, yielding a $4,500 gain. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. All purchases and sales of inventory are on credit. Using the direct method, prepare the statement of cash flows for the year ended June 30, 2019. (Amounts to be deducted should be indicated with a minus sign.)

Business
1 answer:
Andre45 [30]3 years ago
5 0

Answer:

Increase in Cash is $3,500

Net cash flow from operations $143,310

Net cash flow from investing activities $4,500

Net cash flow from Financing activities -$135,310

Explanation:

Please refer to the attached for detailed prssentation

You might be interested in
A management system that coordinates and integrates all of the activities performed by member companies into a seamless process,
ella [17]

Answer:

Supply Chain Management

4 0
3 years ago
Read 2 more answers
Given the following data: Treasury Bill Maturity DTM Bid Asked Mar 90 1.20 1.15 If you invest $10,000 today at the risk-free ra
Oksi-84 [34.3K]

Answer: $10029

Explanation:

Based on the information given in the question, if $10000 is invested today at the risk-free rate, the amount that'll be received in 90 days will be calculated thus:

= Investment × (1 + Asked) × (DTM/360)

= 10000 + (1 + 0.0115) × (90/360)

= 10000 + 1.011 × 0.25

= 10029

Therefore, the answer is $10029

7 0
3 years ago
The BRS Corporation makes collections on sales according to the following schedule:
RideAnS [48]

Answer:

$110,300

Explanation:

June collections will comprise of

25% of June sales

71% of May sales

4% of April sales

<u>25% of June sales </u>

=25/100 x 100,000

=$25,000

<u>71% of may sales</u>

=71/100 x $110,00

=$78,100

<u>4% of April sales</u>

=4/100 x $180,000

=$7,200

Total June collections

=$25,000 + $78,100 +$7,200

=$110,300

5 0
2 years ago
The sec filed civil false-certification charges against which u.s. financial institution
drek231 [11]
If these were the given choices:
A) Wells Fargo
B) Countrywide
C) J.P. Morgan Chase
D) Bear Sterns
My answer would be C) J.P Morgan Chase The SEC filed civil false-certification charges against J.P Morgan Chase because they misled investors into investing in a complex mortgage securities transaction during the time when the housing market was starting to go down. J.P Morgan Chase agreed to pay a settlement that will reimburse the affected investors their total investments.
7 0
3 years ago
What rights are used to obtain credit?
larisa [96]
He federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. There are many types of consumer reporting agencies, including credit bureaus and specialty agencies (such as agencies that sell information about check writing histories, medical records, and rental history records). Here is a summary of your major rights under the FCRA. & do me a favor and follow me on instagram @thatgirl.nay

4 0
3 years ago
Other questions:
  • Your accountants tell you that it costs $400 to set up an immunization program at a preschool and immunize one child against pol
    13·1 answer
  • What is the correct percentage of texas teachers charged with ethics violations each year?
    7·1 answer
  • A vendor allows a 2% discount if an invoice is paid within 10 days. a purchase was made for $5,000 on june 10 and paid on june 1
    9·1 answer
  • Why might a customer prefer to put money into a savings account Instead of a checking
    14·2 answers
  • One explanation for greater economic development in moderate versus tropical climates is that institutions established by coloni
    9·1 answer
  • The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. Th
    8·1 answer
  • Your financial investments consist of U.S. government bonds maturing in twenty years and shares in a start-up internet company.
    5·1 answer
  • the bookkeeper for Blue Spruce Equipment Repair made a number of errors in journalizing and posting, as described below. For eac
    9·1 answer
  • Ia better to rent of buy a condo? use the information below to figure it out \chegg
    5·1 answer
  • When a company sells a buyer certain goods only on condition that the buyer also purchases other goods from the firm, this is kn
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!