Answer:
$1,125,000
Explanation:
Given;
Gain from asset disposal = $225,000
Book value of asset disposed = $900,000
Therefore,
Amount of cash received from the sale = $900,000 + $225,000
= $1,125,000
This represents an inflow of cash and will be represented by a positive value in the statement of cash flows. The total amount reported in the cash flows from investing activities section of the statement of cash flows is $1,125,000
Institutional investors are large investors who invest their own money as well as other people's money. Examples of these institutions include pension funds, mutual funds, insurance companies, and banks.
<h3>What do you mean by institutional investors?</h3>
A business or organization that makes investments on behalf of customers or members is known as an institutional investor. Examples of institutional investors include endowments, mutual funds, and hedge funds. Institutional investors are frequently under less regulatory scrutiny and are thought to be savvier than the common investor.
Institutional investors come in a variety of forms, including banks.
- Credit unions.
- Retirement plans.
- Insurance organizations.
- Hedging funds
- Funds for venture capital.
- Investment funds.
- Trusts that invest in real estate.
To know more about institutional investors, visit: brainly.com/question/14317890
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Answer:
The Contra Entry is the transfer of cash. Hope this helps!
Answer:
Please see explanation
Explanation:
1. Machine hours used by Krazy Kayak are given as follows
Machine hours=Actual manufacturing overhead costs/cost per hour
=$428,000/41
=10,439 hours
2.Manufacturing overheads are underapplied because the actual overhead cost amounting to $428,000 is greater than applied overheads amounting to $405,900. The factory overheads are under applied by $22,100(428,000-405,900)
3. The journal entry to close out over or under allocated overhead are given as follows:
Debit Credit
Factory overheads applied $405,900.
Profit and loss account $22,100
Factory overheads Control $428,000
