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
Andrei [34K]
3 years ago
14

As of January 1, Year 2, Room Designs Inc. had a balance of $9,900 in Cash, $3,500 in Common Stock, and $6,400 in Retained Earni

ngs. These were the only accounts with balances in the ledger on January 1, Year 2. Further analysis of the company’s cash account indicated that during the Year 2 accounting period, the company had (1) net cash inflow from operating activities of $9,800, (2) net cash outflow for investing activities of $16,500 and (3) net cahs flow from financing activities of $11,000. All revenue and expenses events were cash events. The following account and balances represent the general ledger of Room Design Inc as December 31, 2013 before closing.Assets = Liabilities + Stockholder's equityCash 14,200 Notes payable 9000 Common stock 7500 Revenue 18,100Land 16,500 Ret. Earning 6400 Expenses 8,300 Dividents 2000What did the company purchase that resulted in the cash outflow from investing activities?
Business
1 answer:
dexar [7]3 years ago
6 0

Answer:

What did the company purchase that resulted in the cash outflow from investing activities?

It purchases Land for 16,500

Explanation:

The investing activities outflow will be for the purchase of long tem assets in cash.

The complete cash outflow for investing activities is explain it through the land account:

cash outflow: 16,500

land:               16,500

There are no other long-term assets which can explain the variance plus, the land account covers the amount entirely.

You might be interested in
A responsibility chart is used in operations consulting in planning the task responsibilities for a project. True False
KonstantinChe [14]

Answer:

True.

Explanation:

A responsability chart is useful for describing the participation of persons  completing labors and deliverables for a project or a business process. Some of the information considered in this type of chart is:

  • Labor or procedure.
  • Responsible.
  • Supervisor.
  • delivery date.
7 0
3 years ago
What is Kevin’s net worth on May 31, 2013?<br> $4,050<br> $9,260<br> $13,200<br> $22,460
Alchen [17]

$4,050, i got that by adding up each size than subtracting the totals

4 0
3 years ago
Read 2 more answers
In mass service and professional service, the operations manager should focus extensively on:______.
Savatey [412]

In mass service and professional service, the operations manager should focus extensively on equipment maintenance.

<h3>What is the work of operations manager?</h3>

Operations management is a branch of management that focuses on planning, organizing, and redesigning the production process for goods or services as well as business operations. It comprises the obligation to make sure that business operations are effective in satisfying consumer needs while utilizing the fewest resources possible.

It is concerned with overseeing a comprehensive service or production system, which is the method through which inputs are transformed into outputs. Operations create services, control quality, and produce goods. Working with suppliers, customers, and technology are all aspects of operation management that apply to industries such as financial systems, hospitals, and businesses. One of the key roles in a corporation, along with supply chains, marketing, finance, and human resources, is operations.

To learn more about operations management visit:

brainly.com/question/14523862

#SPJ4

4 0
2 years ago
The team-centered decision-making model is preferred when: relevant information and expertise is found in a few select individua
Law Incorporation [45]

Answer:

Participation is needed to obtain necessary commitment

Explanation:

Decision Making Process is a process of Evaluation of various alternatives available through several methods like forecasting.

During evaluation, risk, time and the efficiency of these alternatives are checked.

Team-centred decision making style is preferable when;

1. Relevant information and how to go about issues cannot be not properly arranged by one person

2. Participation is needed for commitment

3. Making one individual as the central power hurts the team

4. If an uncommon decision is to be made

8 0
3 years ago
Which of the following is an INCORRECT statement regarding the right to stop delivery of goods in​ transit? A. If the lessee rep
Verizon [17]

Answer:

B. The lessor does not have the right to stop delivery in transit due to the​ lessee's breach of the lease​ agreement; instead, the lessor must deliver the goods to the lessee in spite of the​ breach, and then sue the lessee for damages.

Explanation:

During the transit of goods, if the lessor learns of a breach of the lease agreement, he has every right to stop the delivery of the goods in transit by notifying  the goods carrier or bailee. Since the carrier of the goods reports directly to the lessor, once he receives instructions from the lessor to stop delivery of goods, and he still has sufficient time, the delivery should be stopped.

Once the goods are reclaimed, the lessor can then decide to sue to recover damages. He can also, decide to cancel the contract at that point

7 0
3 years ago
Other questions:
  • Rasmussen Corporation expects to incur indirect overhead costs of $80,000 per month and direct manufacturing costs of $12 per un
    8·1 answer
  • Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of go
    7·1 answer
  • 3M involves its customers in the process of developing new products. In this way, it can benefit from current customers' insight
    15·1 answer
  • A(n) _____ gets learners into the appropriate mental state for learning and allows them to understand the personal and work-rela
    8·1 answer
  • A ledger: Select one:
    8·1 answer
  • Words that are designed to get an immediate reaction or incite harm are which of the following
    9·1 answer
  • Sales $920,000 Variable expenses $388,000 Fixed manufacturing expenses $370,000 Fixed selling and administrative expenses $250,0
    9·1 answer
  • Expain what is debt in a 70 word paragraph
    13·2 answers
  • An organization that transforms resources into an intangible output that is available when and where customers want it is a
    11·1 answer
  • An economic model is useful only if it: ______________
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!