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nydimaria [60]
3 years ago
15

Selected information from Marie Corporation's accounting records and financial statements is as follows: Cash paid to acquire ma

chinery $ 32,000 Retired common stock 59,000 Proceeds from sale of land 100,000 Gain from the sale of land 53,000 Investment revenue received 72,000 Cash paid to acquire office equipment 90,000 What are the net cash flows from investing activities that will be reported in the statement of cash flows
Business
1 answer:
DerKrebs [107]3 years ago
8 0

Answer:

-$22,000

Explanation:

Marie Corporation

Cash Flow Statement

Cash Flows from Investing Activities:

Cash paid to acquire machinery -$32,000

Proceeds from sale of land $100,000

Cash paid to acquire office equipment -$90,000

Cash Flow from Investing Activities -$22,000

Investment revenue received sits at the top with net income, Gain from the sale of land is cash flow from operating activities and Retired common stock is cash flow from financing activities.

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In computing its predetermined overhead rate, Brady Company neglected to include its factory insurance cost. This error will res
Ann [662]

Answer:

The correct answer is the letter b. “The cost of goods sold to be understated.”

Explanation:

In calculating its indirect profit rate, Brady Company no longer included a cost component. By dividing the total cost by the products sold, the cost of each individual product will be underestimated, this will underestimate all the production sold, meaning the costs of the products will appear to be lower than they really are, and your profits will appear to be higher than they really are.

8 0
3 years ago
D. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupo
OleMash [197]

Answer:

$894.65

Explanation:

Given data:

n= time = 10 years

par value= $1000

annual coupon = 5.5%

interest rate = 7.0%

bond price = present value of interest + present value of redemption value.

present value of interest:

C = 5.5% of 1000 = $55

PV = C x (1 - (1 + r)^(-n)/r

PV = 55 x 1.07^(-10)/0.07

PV = 386.3

present value of redemption value:

pv = f / (1 + r)^(n)

where f = par value

PV = 1000 / (1.07)^(10)

PV = 508.35

summing up both values

508.35 + 386.3

= $894.65

7 0
4 years ago
To effectively positioning a product or brand, companies take four steps: (1) __________; (2) discover how target customers rate
elena-s [515]

Answer:

The step which is followed first is shown below:

Explanation:

The key or vital positioning of the brand or product effectively is to discover the perceptions of the customers. While determining the positioning in the companies as well as customers, it involve four steps, from which the first and foremost step which is to be taken is as:

Identify or Acknowledge the vital attributes for the class of the brand or the product.

This is the very first step while positioning the product or brand is to recogize the attributes necessary for the product class.

7 0
4 years ago
A temporary license permits the holder to drive for how many days
Drupady [299]
A person who has a temporary license have shorter days of having to be permitted to drive than of who have an actual license. Those who has temporary license are only permitted to drive for sixty days and when converted to months, they are permitted to drive for two months. 
4 0
4 years ago
Suppose that severe floods destroyed farms, homes and businesses in the Midwest. Use the aggregate demand /aggregate supply mode
xenn [34]

Answer:

Severe floods affecting aggregate demand and aggregate supply can be equated with bad weather destroying crops. In this regard, the supply of goods and services will be slower or harder to keep up with depending on the demand given. The losses suffered as a result of the sever floods will result in the demand for goods and services to increase but the measured supply thereof might not be sufficient given the extreme backlog and circumstances created by the sever floods.

In this scenario, the effects on the output (goods and services) supplied will be slower in the short-run until businesses and farms are restored to stable working conditions. The demand thereof (for output) will increase and has inverse relationship with the supply of goods and services, until there is an equilibrium point reached when the supply of goods and services meet the demand required. Prices in the short term will increase until conditions have become stable. This will affect the GDP of the businesses negatively.

In the long-run, the demand for goods and services will decrease as conditions stabilise and the supply of goods and services will even out to meet the demand required. Depending on the far reaching effects of the severe floods, equilibrium and stable demand and supply may take a while to become normal again. In the long-run the price of goods and services should decrease as the demand required is met through the supply of goods and services. This will affect the GDP of the businesses positively.

Explanation:

To understand the answer given above, you have to understand the inverse relationship there is between the aggregate demand and aggregate supply.

Aggregate supply is the complete number of units (goods and services) supplied to the market (i.e. produced and sold in the market) which is also the gross domestic profit (GDP). In the short-run for this question, the GDP will decrease initially until conditions become stable.

Aggregate demand is the total domestic spending consumers have on goods and services in the economy. The GDP will increase in the long-run as the demand and supply is met and becomes steady.

7 0
4 years ago
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