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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.

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In two to three sentences, explain why a small amount of inflation encourages economic growth. will give brainliest

mylen [45]

Answer:

A small amount of inflation can be really good for the economy. It can boost consumer demand and consumption. This encourages spending and investing.

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3 years ago

"which term refers to the level of commitment that workers make to an employer?"

user100 [1]

Employee engagement is the term that refers to the level of commitment that workers make to an employer. It also shows that an employee is committed to the company by doing his best to achieve the company’s goal and vision. Also, employee engagement is giving commitment to become loyal to the company, giving ideas to improved the company, and being one with the organization.

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3 years ago

Beranek Corp has $695,000 of assets (which equal total invested capital), and it uses no debt - it is financed only with common

lesya692 [45]

Answer:

$278,000

Explanation:

Data provided:

Total invested capital or assets = $695,000

Total debt to total capital ratio = 40%

now,

$\frac{\textup{Total debt}}{\textup{Total capital}}$ = $\frac{\textup{40}}{\textup{100}}$

Total debt = 0.4 × Total capital

Total debt = 0.4 × $695,000

Total debt = $278,000

Hence,

The firm must borrow $278,000 to achieve the desired ratio

3 0

3 years ago

Raul wants to join the directors of World Trade but currently owns no shares in the company. He knows that no one else will help

erica [24]

Answer:

$294,412.8

Explanation:

In order to obtain a seat on the board of directors, Raul must hold more than 50 percent of the total number of outstanding shares if there are three open seats and straight voting occurs.

Total number of shares required = (46,000 ÷ 2) + 1

= 23000 + 1

= 23,001 shares

Market price of share = $ 12.80

Total amount = Total number of shares required × Market price of share

= 23,001 × $ 12.80

= $294,412.8

The amount Raul wants to invest on obtaining a seat on board of directors is $294,412.8

7 0

3 years ago

Peterson Company estimates that overhead costs for the next year will be $3,400,000 for indirect labor and $850,000 for factory

GREYUIT [131]

Answer:

Predetermined manufacturing overhead rate= $50 per machine-hour

Explanation:

Giving the following information:

Estimated overhead costs= $3,400,000 for indirect labor

Estimated overhead costs= $850,000 for factory utilities.

85,000 machine hours are planned for this next year

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (3,400,000 + 850,000) / 85,000

Predetermined manufacturing overhead rate= $50 per machine-hour

3 0

3 years ago