All categories

3 years ago

Mary Andrews, Inc. had the following transactions:

Business

1 answer:

katrin [286]3 years ago

3 0

Answer:

$522,000

Explanation:

Given;

Cash proceeds on sale of land = $430,000

Cash proceeds on sale of equipment = $140,000

Purchase of treasury stock with cash = $53,000

Purchase of equipment with cash = $48,000

Issuance of common stock for cash = $70,000

To find the net cash provided by investing, the investing activities in the information given are; Cash proceeds on sale of land, Cash proceeds on sale of equipment, and Purchase of equipment with cash.

Purchase of treasury stock with cash and Issuance of common stock for cash are financing activities.

Net cash provided by investing activities = $430,000 + $140,000 - $48,000

= $522,000

The correct answer is $522,000 which is not a part of the options given.

You might be interested in

The marginal propensity to consume tells us by how much ______ changes when ______ changes. a. consumption expenditure; disposab

Stells [14]

The marginal propensity to consume tells us by how much consumption expenditure changes when disposable income changes.

<h3>What is marginal propensity?</h3>

In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it.

Key Takeaways. The marginal propensity to save (MPS) is the portion of each extra dollar of a household's income that's saved. MPC is the portion of each extra dollar of a household's income that is consumed or spent.

Learn more about marginal propensity here:

<h3>brainly.com/question/17930875</h3><h3 /><h3>#SPJ4</h3>

3 0

1 year ago

Paper Co. had net income of $70,000 during the year. Dividend payment was $10,000. The followinginformation is available:Mortgag

Marina CMI [18]

Answer:

net cash provided by operating activities 60,000

Explanation:

net income 70,000

Change in working Capital

Increase Inventory (40,000)

Increase Account payable 30,000

Net change in working capital (10,000)

net cash provided by operating activities 60,000

The working capital is the current asset and current liabilities.

the dividend, bonds and mortgare are not operating activities.

the securities are considered cash.

3 0

3 years ago

Assume that a $1,000,000 par value, semiannual coupon US Treasury note with four years to maturity has a coupon rate of 3%. The

xenn [34]

Answer:

$746,617.36

Explanation:

Using a financial calculator, input the following to calculate the price of the US Treasury note. I'm using Texas Instruments BA II Plus model;

Face value of the bond ; FV = 1,000,000

Semiannual coupon payment; PMT = Coupon rate * Face value ;

PMT= (3%/2) *1,000,000 = 15,000

Time to maturity of the note ; N = 4*2 = 8

Semiannual interest rate; I/Y = 11% /2 = 5.5%

then compute the Present value of bond or price; CPT PV = $746,617.36

8 0

3 years ago

Jason's Outdoors manufactures two products: snow skis and water skis. Jason's managerial accountant suspects that product cost d

Ainat [17]

Answer:

Jason's accountant should consider a single plantwide rate to correct the problem.

Explanation:

If a company manufactures products that consume factory overhead costs in different ways, a single plantwide rate may not accurately allocate factory overhead costs to the products and cause cost distortions. Cost distortions can cause companies to lose sales and make incorrect decisions on expanding production.

4 0

3 years ago

Your bank card has an APR of 18% and there is a 2% fee for cash advances. The bank starts charging interest on cash advances imm

Marina86 [1]

Answer:

$42

Explanation:

APR = 18% , month rate = 18%/12 = 1.5%

Fee for cash advance = 2%

Cash advance of the first day of month = $1,200

Finance charge = Cash advance * (Monthly rate + Advance cash fee)

Finance charge = $1,200*1.5% + $1,200*2%

Finance charge = $18 + $24

Finance charge = $42

So, the approximate total finance charge i will pay on this cash advance for the month is $42

4 0

3 years ago