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jeka57 [31]
3 years ago
5

Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activi

ties: Net income $ 4,535 Purchase of equipment 911 Borrowings under line of credit (bank) 1,457 Proceeds from issuance of common stock 15 Cash received from customers 29,564 Payments to reduce notes payable (long-term) 50 Sale of investments 138 Proceeds from sale of equipment 6,994 Dividends paid 281 Interest paid 94
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement.
Business
1 answer:
Vedmedyk [2.9K]3 years ago
5 0

Answer and Explanation:

The preparation of the cash flows from investing and financing is presented below:

Cash flows from investing activities:

Purchase of equipment -$911  

Sale of investment $138  

Sale of equipment $6,994  

Net cash flow from investing activities  $6,221

Cash flow from financing activities  

Borrowing $1,457  

Issue common Stock $15  

Payment of notes payable -$50  

Dividend paid -$281  

Net cash flow from financing activities  $1,141

The positive amount reflects the cash inflow and negative amount reflects the  cash outflow  

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A worker leaving a rural job as crop prices decline during an economic downturn is an example of ___ unemployment.
maks197457 [2]

Answer:

cyclical

Explanation:

The keywords here are "during an economic downturn".

If the worker leaves the rural job temporarily (for one season/year for example), it's a cyclical change because he will return to his original occupation later when favorable conditions have returned

However, if that situation persists over a longer period of time, it will become a structural change and will cause a change of the structure of the work force, and a decline of the agricultural sector.

Without any further indication, I would go with cyclical.

<u>A seasonal unemployment</u> is for example an agricultural worker who doesn't have anything to do because of Winter.  But he'll have work again once Winter has passed.  Same concept for fishermen and tourism workers.

6 0
3 years ago
Brittany Callihan sold stock (basis of $184,000) to her son, Ridge, for $160,000, the fair market value. a. What are the tax con
ycow [4]

Answer:

(a) Brittany loss due to taxes = Basis - fair market value

                                                = $184,000 - $160,000

                                                = $24,000

Therefore, Brittany will have a $24,000 loss that is not deductible.

(b) Tax consequences to Ridge if he later sells the stock for $190,000 are as follows:

  • Realized gain = $30,000 and Recognized as a gain for tax payers = $6,000
  • Realized and recognized loss = $8,000
  • There is no recognized gain for Ridge and unrecognized loss of $10,000. It is permanent lost.
6 0
3 years ago
The two vital ongoing activities necessary for creating boundaryless organizations that managers today must concern themselves w
Over [174]
The two vital ongoing activities necessary for creating boundaryless organisations are TYPE OF STRUCTURE, MECHANISMS, PROCESSES AND TECHNIQUES FOR ENHANCING PERMEABILITY. 
A bourndaryless organisation is a concept in organization design. A boundaryless organisation refers to an organisation which is not define by or limited to the vertical, horizontal and the external boundaries which are imposed by pre defined structures.<span />
7 0
3 years ago
Granite works maintains a debt-equity ratio of .65 and has a tax rate of 21 percent. the pretax cost of debt is 9.8 percent. the
siniylev [52]
<span>9.20 percent

Re= 0.036 +1.2(0.085) = 0.138
Re= [($1.10 x 1.02)$19] +.02 = 0.0790526

ReAverage = (0.138 + 0.0790526)/2 = 0.108526

WACC = (1/1.65)(0.108526) + (0.65/1.65)(0.098)(1-0.32) = 9.20 percent</span>
4 0
3 years ago
Bob agreed to tutor Lola in Spanish for two (2) hours and Lola agreed to pay $25.00 per hour for the tutoring services. Bob tuto
polet [3.4K]

Answer: discharged by performance

Explanation:

When parties to a contract are discharged from their duties as per the contract, it means that they are no longer party to the agreement. When this is done by performance, it means that the discharge was done because both parties have fulfilled the demands of the contract.

Bob agreed to tutor Lola for two hours and Lola agreed to pay Bob $50 for that. Bob then tutored her for the two hours and was paid the amount. The parties have therefore fulfilled their obligations to each other and so the contract has been satisfied.

5 0
3 years ago
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