Answer:
The cash used by investing activity is $136,000.00 as shown in the workings below.
Explanation:
The cash provided by or used by investing activities can be computed thus:
Plant sold $66,000
Investments ($55,000)
Plant assets (<u>$147,000)</u>
Cash used by investing activities ($136,000)
The cash used by investing activities is $136,000 as shown above.
The outflow of $78000 for the purchase of treasury stock relates to financing.
The inflow of $523000 for new share issue is also a financing activity.
The financing activities are transactions relating to the providers of finance, that is the shareholders and debt-holders
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Complete question :
Your company has sales of $101,500 this year and cost of goods sold of $66,300. You forecast sales to increase to $118,900 next year. Using the percent of sales method, forecast next year's cost of goods sold. The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career The forecasted cost of goods sold (COGS) is $ ___________ (Round to the nearest dollar.)
Answer:
$77,666
Explanation:
Given the following :
Sales for the year = $101,500
Cost of goods sold =$66,300
Forecasted increase in sales for next year = $118,900
Forecasted cost of goods sold for next year =?
Percentage cost of goods sold for this year:
Cost of goods sold / sales for this year
$66300/$101500
= 0.6532019
Forecasted cost of goods sold for next year:
(Forecasted increase in next year's sale * % cost of goods sold for this year)
= 118,900 * 0.6532019
= $77665.714
= $77666 ( nearest dollar)
Answer:
$ 28.85
Explanation:
Total amount = (200 × $ 25) + ( 200 × $25 × 0.5) = $ 7500
Maintenance margin = (total amount - ( number of shares × price)) / number of share × price
0.3 = (7500 - 200 p) / 200 p
0.3 × 200 p = 7500 - 200 p
60 p + 200 p = 7500
260 p = 7500
p = $ 28.85
