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jek_recluse [69]
2 years ago
6

A machine with a cost of $162,000, current year depreciation expense of $25,000 and accumulated depreciation of $101,000 is sold

for $52,800 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is:___________.
a. 25000
b. 5280
c. 77800
d. 16200
e. 33200
Business
1 answer:
sammy [17]2 years ago
5 0

Answer:

Amount reported in operating activities = $33,200

Explanation:

Given:

Cost of machine = $162,000

Accumulated depreciation = $101,000

Sales price = $52,800

Current year depreciation = $25,000

Computation:

Particular                                                Amount

Cost of machine                            $162,000

<u>Less:</u><u> Accumulated depreciation         $101,000</u>

<u>Book value of machine                 $61,000  </u>

Loss on sale[$61,000-$52,800 ]          $8200  

Amount reported in operating activities = Current year depreciation + Loss on sale

Amount reported in operating activities = $25,000 + $8200

Amount reported in operating activities = $33,200

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A firm has a profit margin of 6% and an equity multiplier of 1.5. Its sales are $230 million, and it has total assets of $115 mi
Ket [755]

Answer:

18%

Explanation:

In this question, we use the DuPont Analysis which is shown below:

ROE = Profit margin × Total assets turnover × Equity multiplier

ROE = 6% × 2 × 1.5

        = 18%

The total assets turnover is shown below:

= Sales ÷ total assets

= $230 million ÷ $115 million

= 2

Simply we apply the ROE formula in which the profit margin is multiplied with the total assets turnover and the equity multiplier

7 0
2 years ago
Southwestern Bank offers to lend you $50,000 at a nominal rate of 6.9%, compounded monthly. The loan (principal plus interest) m
san4es73 [151]

Answer:

0.98%

Explanation:

Note: Options provided is slightly different for this question

EAR = (1+APR/m)^m - 1  

EAR = (1+0.069/12)^12 - 1

EAR = (1.00575)^12 - 1

EAR = 1.07122449517 - 1

EAR = 7.12%

Hence, higher EAR  charged by Woodburn versus the rate charged by Southwestern = (8.1% - 7.12%) = 0.98%

5 0
3 years ago
Budgeting, analysis of investment proposals, and provision of funds are activities associated with the _______ function.
AleksAgata [21]

Answer:

<em>Budgeting, analysis of investment proposals, and provision of funds are activities associated with the </em><em><u>finance</u></em><em> function.</em>

Explanation:

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3 0
2 years ago
Z best, inc. issued $1,000,000 of common stock for cash. by accident, z best recorded the transaction by increasing cash and dec
kodGreya [7K]

As a result of Z best recording the transaction by increasing cash and decreasing stockholders' equity, the result would be The accounting equation is out of balance, SE is understated, contributed capital is understated,

<h3>What happens when stock is incorrectly recorded?</h3>

When Z Best issued common stock, they should have increased cash and increased stockholders equity.

Because they did not do that, they made the stockholders equity understated and the contributed capital as well. As a result of this, the accounting equation will not balance:

Assets = Equity + Liabilities

The accounting equation will not balance because assets will be more than the sum of equity and liabilities.

Find out more on the accounting equation at brainly.com/question/14236545

#SPJ1

5 0
1 year ago
A T-shirt supplier is willing to sell her shirts for $5 each, but she is able to negotiate a distribution deal at $7 each. The e
expeople1 [14]
<span>The extra $2 that she made beyond the $5 she was willing to sell her T-shirts for represents producer surplus. Producer surplus is defined as the difference between the amount of money the producer is willing to supply versus the amount actually supplied. Because she was willing to sell for $5 but sold for $7 and had an increase in money supplied, this example is one of producer surplus. </span>
3 0
3 years ago
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