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3 years ago

Consider the following facts for health haven?

Business

1 answer:

pochemuha3 years ago

7 0

Answer:

attached below is the missing part of the question

$17000

Explanation:

1) calculate the cash dividends

= beginning earnings + net income for the period - ending retained earnings

= $44000 + $57000 - $68000 = $33000

2 ) calculate the amount of cash receipt from the sale of plant assets

first we will calculate the dep on sale of plant products

= beginning accumulated depreciation + depreciation expense - ending accumulated depreciation

= 22500 + 12000 - 24500 = $10000

next we calculate the cost of sale of plant assets

= beginning plant asset + acquisition new plant assets - ending plant asset

= $123500 + $29000 - $131500 = $21000

Hence the cash receipt from the sale plant assets = cost of sale of plant assets - dep on sale of plant products + gain on the sale of plant assets

= 21000 - 10000 + 6000 = $17000

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