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Art [367]
3 years ago
12

Equipment with a book value of $80,000 and an original cost of $164,000 was sold at a loss of $34,000. Paid $103,000 cash for a

new truck. Sold land costing $330,000 for $410,000 cash, yielding a gain of $80,000. Long-term investments in stock were sold for $94,200 cash, yielding a gain of $15,500. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
Business
1 answer:
jonny [76]3 years ago
8 0

Answer:

Cash flows from investing activities is $653,200.

Explanation:

XYZ Company

Statement of cash flows (extract)

Proceed from sale of equipment ($80,000 - $34,000)               $46,000

Purchase of vehicle                                                                       $103,000

Proceed from sale of land                                                            $410,000

Proceed from sale of long-term investments in stock                 $94,200

Cash flows from investing activities                                        $653,200

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3 years ago
Your grandfather put some money into an account for you on the day you were born. You are now 18 years old and are allowed to wi
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Answer:

Instructions are below.

Explanation:

Giving the following information:

Value at 18= $4,909

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FV= PV*(1+i)^n

A) Number of years= 7

FV= 4,909*(1.03^7)= $6,307.45

B) Number of years= 47

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5 0
3 years ago
Last year, you earned a rate of return of 11.29 percent on your bond investments. During that time, the inflation rate was 4.6 p
nordsb [41]

Answer:

the real rate of interest of  6.39 %

Explanation:

given,

rate of return on your bond  = 11.29 %

the inflation rate  = 4.6 %

real rate of return = ?

rate of return = (\dfrac{1+ return\ rate}{1 + inflation }-1)\times 100

rate of return = (\dfrac{1+ 0.1129 }{1 + 0.046 }-1)\times 100

rate of return = (\dfrac{1+ 0.1129 }{1 + 0.046 }-1)\times 100

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5 0
3 years ago
Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3
Vitek1552 [10]

Answer:

$671.92

Explanation:

Note: The full question is attached as picture below

Product R3

Labor-related cost = 40736/7200*5400

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Production orders = 65970/1600*1000

Production orders = $41,231

Order size = 433175/7100*3100

Order size = $189,133

Total overhead = Labor-related cost + Production orders + Order size

Total overhead = $30,552 + $41,231 + $189,133

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Annual production and sales of Product of R3 = 900 u nit

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Overhead cost per unit = $260,916 / 900

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Direct material = $226

Direct labor = (26*6) = $156

Unit product cost = Overhead cost per unit + Direct material + Direct labor

Unit product cost = $289.92 + $226 + $156

Unit product cost = $671.92.

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2 years ago
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