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harina [27]
3 years ago
9

Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activit

ies:
Net income $ 4,135
Purchase of property, plant, and equipment 871
Borrowings under line of credit (bank) 1,417
Proceeds from issuance of stock 11
Cash received from customers 29,164
Payments to reduce long-term debt 46
Sale of investments 134
Proceeds from sale of property and equipment 6,594
Dividends paid 277
Interest paid 90

Required:
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amounts to be deducted and negative net cash amount should be indicated with minus sign. Omit the "$" sign in your response.)
Business
1 answer:
Zina [86]3 years ago
6 0

Answer:

$5,857; $1,105

Explanation:

Cash flows from investing activities:

= Proceeds from sale of property and equipment + Sale of investments - Purchase of property, plant, and equipment

= $6,594 + $134 - $871

= $5,857

Therefore, the net cash provided by the investing activities is $5,857.

Cash flows from Financing activities:

= Borrowings under line of credit (bank) + Proceeds from issuance of stock - Payments to reduce long-term debt - Dividends paid

= $1,417 + $11 - $46 - $277

= $1,105

Therefore, the net cash provided by the investing activities is $1,105.

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On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. The following data are avail
likoan [24]

Answer:

The correct answer is C: 120,000

Explanation:

Giving the following information:

Sales, January 1 through April 15 $480,000

Inventory, January 1 80,000

Purchases, January 1 through April 15 400,000

Markup on cost 25%.

We need to find the difference between the cost of the lost inventory and what it will cost to purchase now.

Inventory= (Beginning inventory + purchase)*0.25=

Inventory= 480,000 * 0.25= 120,000

4 0
3 years ago
Which of the basic principles of economics is at work in the following situation? You decide how many cups of coffee to have whe
Lelu [443]

Answer:

The answer is: Cost-Benefits Analysis

Explanation:

A cost benefit analysis is done to identify the benefits of an action as well as the associated costs. You then subtract the costs from benefits, and if the numbers are positive you know it´s a good project. But if the costs are too big and offset the benefits, then the project is no good.

In this specific case, you have to balance the cost of drinking an extra cup of coffee (how jittery or nervous it makes you feel) with the benefits of drinking that cup of coffee (all the extra work you can do). Usually someone will keep studying and drinking coffee until they just can´t bear standing awake. It also depends on how much you really need a good grade on that specific test.

6 0
3 years ago
Which is an example of E-commerce
erik [133]

Answer:

E-Commerce is the electronic version of buying a product.

Explanation:

You walk into a store and buy a pack of gum. You had a real transaction.

Where as,

You log onto Amazon and purchase a product from them. That transaction that occurs is considered e-commerce.

6 0
3 years ago
Read 2 more answers
A company has 825 shares of $50 par value preferred stock outstanding, and the call price of its preferred stock is $63 per shar
igomit [66]

Answer:

Book Value Per Common Share = $33.80

Explanation:

Book Value Per Common Share = Stockholders' equity - Shares * Call Price per shares) / Shares of common stock outstanding

= ($626,575 - 825*63) / 17000

= ($626,575 - $51,975) / 17,000

= $574,600 / 17,000

= $33.80

5 0
3 years ago
Why would researching the average earnings by major and by career be
Nataly [62]

The major reason why <em>researching </em>the average earnings by major and by career be <em> useful to you</em> as you choose an institute for higher education is:

  • B. You can calculate the return on investment based on the types of classes that  they offer

<h3>Average earnings</h3>

This is the sum total of the aggregate income which a person can expect to be paid as it takes into account the different earnings of people in the same field

<h3>Why this can be useful</h3>

For a student who is making research on the average earnings to help him make a choice on the career choice. We should note that the career choice was not mentioned, but the institution of learning and this would make option B the most likely answer.

Therefore, the correct answer is  option B

Read more about average earnings here:

brainly.com/question/6070671

3 0
2 years ago
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