1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LUCKY_DIMON [66]
3 years ago
6

Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are

cash transactions.) Acquired $3,300 cash from issuing common stock. Borrowed $2,350 from a bank. Earned $3,250 of revenues. Incurred $2,430 in expenses. Paid dividends of $430. Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions.) Acquired an additional $650 cash from the issue of common stock. Repaid $1,405 of its debt to the bank. Earned revenues, $4,650. Incurred expenses of $2,810. Paid dividends of $820. What was the net cash flow from financing activities reported on Lexington's statement of cash flows for Year 2
Business
1 answer:
ella [17]3 years ago
3 0

Answer:

($1,575)

Explanation:

The computation of net cash flow from financing activities is shown below:-

Lexington Company

Net cash flow from financing activities

Particulars                                                   Amount

Cash received from common stock           $650

Less:Cash paid for repayment of loan        ($1,405)

Less: Cash paid for dividend                       ($820)

Net cashflow from financing activities     ($1,575)

So, to reach the net cashflow from financing activities we simply added the cash received from common stock and deduct the cash paid for repayment of loan and cash paid for dividend.

You might be interested in
In order for your savings and investments to truly increase in value, what must they do?​ select all that apply
Pie

Answer:

1,3,4

Explanation: Those are the one I would choose.

3 0
3 years ago
Rock bottom purchases its inventory on trade credit with terms of 2/10 net 45. If the firm waits the full 45 days to pay for the
Lera25 [3.4K]

Answer:

The effective annual rate of interest is 23.45%

Explanation:

Effective annual rate of interest=(1+annual interest)^365/t-1

Annual interest =discount rate/100%-discount rate

discount rate here is 2%

annual interest=2/100-2

                         =2.04%

T is the difference between the discount period of 10 days and credit period of 45 days

45-10=35 days

Effective annual rate of interest=(1+2.04%)^(365/35)-1

                                                      =(1.0204^10.42857143) -1

                                                      = 1.2345  -1

                                                       =0.2345

                                                        =23.45%

8 0
3 years ago
Which statement is not correct about the business-society interdependence?
Dmitry_Shevchenko [17]

Answer:

D. Actions by governments rarely significantly affect business

Explanation:

Business-socciety interdependence points out how business activities impact society and how society impacts business decisions. Government actions play a significant role in business performance. For example, an increase in interest rate increases the cost of borrowing and acts as an investment disncentive. Likewise, an increase in corporation tax stifles the incentive to invest and reduces corporate profit. Other government interventions such as standards and regulations, minumum wage legislations, permits and licenses would not only reduce business profits but could make doing business very cumbersome. Also, the extent to which the government is committed to maintaining political stability could determine the extent to which invesmtent thrives in an economy.

6 0
3 years ago
Arkansas Corporation manufactures liquid chemicals A and B from a joint process. It allocates joint costs on the basis of sales
Dvinal [7]

Answer:

The company's cost to produce 1,000 gallons of product B is $7,131.25.

Explanation:

This can be calculatd as follows:

Product B share of joint cost = (Product B sales value / (Product B sales value + Product A sales value)) * Cost to split-off point = ($32.20 / ($32.20 + $3.00)) * $5,500 = 0.914772727272727 * $5,500 = 5,031.25

Product B total additional separable process beyond split-off = Additional cost per gallon * Number of gallons of product B produced = $2.10 * 1,000 = $2,100

Therefore, we have:

Company's cost to produce 1,000 gallons of product B = Product B share of joint cost + Product B total additional separable process beyond split-off = 5,031.25 + $2,100 = $7,131.25

Therefore, the company's cost to produce 1,000 gallons of product B is $7,131.25.

4 0
3 years ago
Which set of changes is definitely predicted to lower real gdp in the short run?
Tatiana [17]
D. foreign real national income falls and wages rates rise. 
3 0
3 years ago
Other questions:
  • The XYZ car manufacturing company is advertising its new hybrid vehicle. It understands that its competition, Toyota's hybrid ca
    13·1 answer
  • he country Grupindor recently experienced a drastic increase in inflation. This led to the depreciation in the value of its curr
    15·1 answer
  • After 9/11, the demand for air travel fell substantially, bringing the airline industry to its knees. Congress wanted to compens
    5·1 answer
  • Which fiscal policy would most likely result in the largest budget deficit
    13·1 answer
  • An increase in debit balances means more investing by naive investors and would be a bearish indicator.
    13·1 answer
  • Is Dodgetown, 196 of the 200
    8·1 answer
  • The process cost summary summarizes:_________
    10·1 answer
  • Question 11 (3 points)
    9·1 answer
  • demand for an item is 2,000 units per year. each order placed costs $25; the annual cost to carry items in inventory is $4 each.
    10·1 answer
  • The long-run average total cost curve: will rise if diminishing returns are encountered. will fall if diminishing returns are en
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!