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Mandarinka [93]
2 years ago
11

A.The loss on the cash sale of equipment was $22,125 (details in b).

Business
1 answer:
slamgirl [31]2 years ago
3 0

Answer:

Statement of cash flows for the year

<u>Cash flow from Operating Activities</u>

Loss on sale of equipment                                $22,125

Net Cash Provided by Operating Activities     $22,125

<u>Cash flow from Investing Activities</u>

Proceeds from sale of equipment                   $28,625

Purchase of equipment                                   ($64,000)

Net Cash used by investing activities             ($35,375)

<u>Cash flow from Financing Activities</u>

Note Payable Issued                                           $5,700

Repayment of Note Payable                           ($58,625)

Issue of Common Stock                                    $84,000

Cash Dividends Paid                                        ($53,500)

Net Cash used by Financing activities            ($22,425)

Explanation:

Statement of cash flows for the year shows results of cash resulting from the following activities :

  1. Cash flow from Operating Activities
  2. Cash flow from Investing Activities
  3. Cash flow from Financing Activities

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Your seller wants to net $100,000 after the 5% commission is paid. Assuming no closing costs, at what price does the home need t
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Answer:

The home needs to sell for $105,263.16 for the seller to receive net of $100,000.00

Explanation:

The amount that the home needs to sell can derived from the net to seller's formula given as: Net to seller = Sale Price * (100% - commission rate)

Net to seller=$100000

Sale price is unknown

commission rate is 5%

$100000=sale price*(100%-5%)

$100000=sale price *95%

sale price =$100000/95%

sale price =$105263.16

For the seller to receive $100000 after 5% commission the property must e sold for $105,263.16

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2 years ago
In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on:
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In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on: labor demand alone.

<h3>What is wages model?</h3>

Wages model is a model that stated that wages which a worker or an employee earn is based on the workforce or the amount of money available to pay the workers.

In a situation were will have wage that is above the market-clearing wage this tend to mean that the level of employment will depends on  labor demand only.

Therefore  the level of employment depends on: labor demand alone.

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8 0
2 years ago
Duane has a small woodworking business and saves the money for college. He stores his tools in his apartment. Duane would like t
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Answer:

First option is the right choice.

Explanation:

He will not have as much money for college classes, because he will have to pay for the trailer and its maintenance.

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3 years ago
A company has three product lines, one of which reflects the following results: Sales $ 215,000 Variable expenses 125,000 Contri
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Answer: option C

Explanation: THIS CAN BE REPRESENTED AS FOLLOWS :-

If we eliminate the product there would be no sales, no variable expenses and therefore, no contribution.

  sales                    = nil

-variable expenses= <u>nil</u>

contribution              = nil

- fixed expenses      = <u>56,000</u>

NET LOSS              = <u> (56000)</u>

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NOTE :-

Fixed expense = (140,000)*(40%)= 56,000

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Thus increase in loss would be 56000- 50,000=6000

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3 years ago
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