You have $5,000 to invest for the next year and are considering three alternatives:_______

Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. Paid $89,000 cash for a n

yulyashka [42]

Answer:

The company’s cash flows from investing activities is $221,100

Explanation:

Cash flow from investing activities:

It records that transactions which is related to the purchase and sale of long term assets. The purchase of fixed assets has outflow of cash so, it is deducted whereas the sale of fixed assets has inflow of cash so, it is added.

The cash flow from investing activities is shown below:

Add : Sale of equipment (Book value - loss) = ($65,300 - $14,000) = $51,300

Less : Purchase of new truck = - $89,000

Add: Sale of land = $198,000

Add: Sale of long term investment = $60,800

So, the cash flow from operating activities :

= $51,300 - $89,000 + $198,000 + $60,800

= $221,100

The other cost is not related to the investing activities. Therefore, it is not considered in the computation part.

Hence, the company’s cash flows from investing activities is $221,100

7 0

3 years ago

This line consists of single-machine stations and is almost balanced (i.e. station rates are nearly equal). A manufacturing engi

olga nikolaevna [1]

Answer:

119 fans

Explanation:

The computation of the estimated WIP is shown below:

= Average fans per hour × average hours

where,

Average fans per hour is

= 850 fans ÷ 20 hours

= 42.5 fans

And, the average hours is 2.8

So, the estimated WIP is

= 42.5 × 2.8

= 119 fans

We assume we have to find out the average estimated WIP level

3 0

3 years ago

At the beginning of january of the current year, little mikey's catering ledger reflected a normal balance of $52,000 for accoun

ira [324]

The accounts receivable balance should be $44,700 which is calculated by starting with the current balance of $52,000, subtracting the $14,800 in collections (which lowers the balance), adding the $12,500 of additional debt (which raises the balance), then finally subtracting $5,000 for the money collected on a future debt.

4 0

3 years ago

The following does not describe the matching principle

Marizza181 [45]

Answer: The correct answer is c. Expenses are reported on the income statement when cash is paid.

Explanation: Matching principle states that expenses are matched with the related revenue in the same period, that is, expenses incurred to generate related revenue are recorded during the same time interval the related revenue is recorded in order to show the true and fair position of the profitability of the company.

Based on the above definition, only option C does not align with the matching principle because expenses should be recorded in the income statement when incurred and NOT when cash is paid. If it is recorded when cash is paid, it means cash basis of accounting is being applied.

8 0

3 years ago

Which of the following would be considered an example of rent seeking? A. lobbyists securing spending policies that benefit thei

maks197457 [2]

I think the correct answer would be politicians trading favors that do not benefit the mass populace of voters. Rent seeking is a practice that involves the use of public policy in order to get benefit from it like increasing their benefits in the expense of other. This oftentimes done by a number of politicians.

4 0

3 years ago

You have $5,000 to invest for the next year and are considering three alternatives:________.