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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.

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The shortest-route problem is a special case of the transshipment problem.
Vsevolod [243]

The shortest-route problem is a special case of the transshipment problem while transportation problems prevent shipments from entering and exiting some nodes, the transshipment problem does.

<h3>What are transshipment?</h3>

Transshipment is the loading and unloading of goods and stuff from one transport vehicle to another vehicle.

Transshipment happens because of no direct connection between the ports, due to this the goods are transported to different vehicles.

Thus, while transportation problems prevent shipments from entering and exiting some nodes, the transshipment problem does.

Learn more about transshipment

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3 0
2 years ago
A ticket to a concert costs $45. You have a ticket and can resell it for $75. Your opportunity cost of actually attending the co
Amanda [17]

Answer:

$75

Explanation:

7 0
2 years ago
The manager of Viking Sports finds that the price elasticity of baseball bats is −0.77. He wants to hold a sale to get rid of hi
kow [346]

The price elasticity of baseball bats is −0.77, this indicates that the demand for bats tends to inelasticity. Therefore, if the manager wants to dispose of his inventory, he would advise you not to lower the price because it would cause a decrease in income. He could raise the price and earn more since being an inelastic demand, the quantity demanded would not be modified as much as the price would change.

6 0
3 years ago
Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 14,000 Selling price per un
timama [110]

Answer:

Results are below.

Explanation:

<u>Traditional format income statement:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 10,000 + 86,000 - 23,000

COGS= $73,000

Sales= 14,000*17= 238,000

COGS= (73,000)

Gross profit= 165,000

Total selling expense= (2*14,000 + 19,000)= (47,000)

Total administrative expense= (3*14,000 + 15,000)= (57,000)

Net operating income= 61,000

<u>Contribution margin income statement:</u>

<u>Total variable cost=</u> 73,000 + 14,000*2 + 14,000*3= 143,000

Sales= 14,000*17= 238,000

COGS= (143,000)

Gross profit= 95,000

Total fixed selling expense= (19,000)

Total fixed administrative expense= (15,000)

Net operating income= 61,000

3 0
3 years ago
You are evaluating shares in Honeywell International (HON). They currently pay an annual dividend of $4.00 per share this year a
xxTIMURxx [149]

Answer:

$84

Explanation:

Calculation for what is the value of HON shares

Using this formula

Value of HON shares=(Expected dividend next year)/(Discount rate -Growth rate of dividend)

Let plug in the formula

Value of HON shares= 4(1+.05)/(.10-.05)

Value of HON shares= (4.2/ .05)

Value of HON shares= $84

Therefore the Value of HON shares will be $84

7 0
3 years ago
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