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7nadin3 [17]
3 years ago
15

Determining Net Cash Flow from Investing Activities Davis Inc. reported the following information: 12/31/2019 12/31/2018 Equipme

nt $160,000 $115,000 Accumulated depreciation (85,000) (59,000) Investment (long-term) 18,610 10,000 In addition, Davis sold equipment costing $12,500 with accumulated depreciation of $6,150 for $2,390 cash, producing a $3,960 loss. Davis reported net income for 2019 of $122,350. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows).
Business
1 answer:
Dima020 [189]3 years ago
6 0

Answer:

-$63,270

Explanation:

The computation of the net cash flow from investing activities is presented below:

Cash flow from investing activities

Sale of an equipment $2,390

Purchase of an investment -$8,610     ($18,610 - $10,000)

Purchase of an equipment -$57,500

Net cash flow used by investing activities -$63,270

The purchase of an equipment is

= $160,000 - $11,5000 + $12,500

= $57,500

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Many manufacturers have quality control programs that include inspection of incoming materials for defects. Suppose a computer m
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Answer:

Explanation:

There are total 5 batches and two boards are selected from each batch for inspection.

Let the boards are numbered from 1 to 5.

If the selected boards are 1 and 2, then it is represented in pair as (1, 2).

If the selected boards are 1 and 3, then it is represented in pair as (1, 3).

Similarly, other pairs can be obtained.

a) Let X be the number of defective boards observed among the two inspected.

If the boards 1 and 2 are the only defective boards in a lot of five, then

(1,2),x=2; (1,3),x=1; (1,4),x=1; (1,5),x=1;

(2,3),x=1; (2,4),x=1; (2,5),x=1;

(3,4),x=0;\ (3,5),x=0;\ (4,5),x=0.(3,4),x=0; (3,5),x=0; (4,5),x=0.

P(X=0)=  3/10 =0.3

P(X=1)={6 \over 10}=0.6P(X=1)=  6/10 =0.6

P(X=2)={1 \over 10}=0.1P(X=2)=  1/10 =0.1

b)

x                  0               1                    2

p(x)            0.3           0.6                0.1

​

​μ  X  =0⋅0.3+1⋅0.6+2⋅0.1=0.8

σ  X ² =(0−0.8)²  ⋅0.3+(1−0.8)²  ⋅0.6+(2−0.8)² ⋅0.1=0.36

μₓ=0.8, σX  =0.6

 

​

5 0
3 years ago
Three companies well known for their strong csr orientations are:
topjm [15]

The answer is that the three companies are "Ben & Jerry’s, S.C. Johnson, and Target".

CSR stands for "Corporate Social Responsibility", which refers to a perception whereby administrations deliberate the interests of society by captivating accountability for the influence of their activities in all characteristics of their operations. Many stakeholders have found that strong stakeholders Corporate Social Responsibility (CSR) introduction can drive firms to connect with better in environmental activities.

4 0
3 years ago
What should you do if you determine the root cause and find that it is out of your control?
Anvisha [2.4K]

Answer:

The correct answer is the option A: Nothing. Once you determine the root cause, your work is done whether it is in your control or not.

Explanation:

To begin with, the question is related to what is called "Root Cause Analysis" known in the management field as a process by which the managers tend to identify what cause a problem by looking deeply into the root of it thanks to an excesive analysis done by a team. It is necessesary to clarify that the main purpose of this method is just to identify the problems' root and from there to come out with solutions regarding the situation if able, but it is not the point of the analysis to take action or to implement those solutions. So therefore that if the situation turns to be out of the control of the person responsible for the analysis then there is nothing he could do because his job has already been done.  

8 0
3 years ago
An aging of a company's accounts receivable indicates that $3,000 are estimated to be uncollectible. If Allowance for Doubtful A
vodomira [7]

Answer: The correct answer is b. debit to Bad Debts Expense for $1,800.

Explanation: The company adopts the aging bad debt method on receivable. The aging method is a way of classifying receivables as uncollectible based on the length of time the receivables have been outstanding and the probability of recoverability of such receivables.

To make a provision for bad debt expense: debit is passed to bad debt expense while credit is passed to allowance for doubtful accounts. The bad debt expense reports to the income statement while allowance for doubtful accounts reports to the balance sheet (statement of financial position). Based on the question, the allowance for doubtful accounts has a credit balance of $1,200; however, $3,000 was estimated to be uncollectible. In order to restate the amount to $3,000, we need to debit bad debt expense and credit allowance for doubtful accounts with $1,800 ($3,000 - $1,200).

7 0
4 years ago
You purchase one IBM July 120 call contract for a premium of $5. You hold the option until the expiration date when IBM stock se
QveST [7]

Answer:

$200 loss

Explanation:

Long call profit = Max [0, ($123 - $120)(100)] - $500 = -$200.

8 0
4 years ago
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