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3 years ago

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

Business

1 answer:

slamgirl [31]3 years ago

3 0

Answer:

Statement of cash flows for the year

Cash flow from Operating Activities

Loss on sale of equipment $22,125

Net Cash Provided by Operating Activities $22,125

Cash flow from Investing Activities

Proceeds from sale of equipment $28,625

Purchase of equipment ($64,000)

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

Cash flow from Financing Activities

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 :

Cash flow from Operating Activities
Cash flow from Investing Activities
Cash flow from Financing Activities

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Answer:

d. skill-based pay system

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Skill-based pay system is when the amount paid to an employee is linked to the employees skills, education or knowledge.

The skill-based pay system pays employees for been proficient at their jobs and it encourages employees to gain more skills.

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4 years ago

Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest wil

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Answer:

Present Value= $180,000

Explanation:

Giving the following information:

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3 years ago

To achieve a high standard of living, a nation should: Select one: a. increase the tax deduction for child dependents. b. promot

marysya [2.9K]

Answer:

b. promote economic growth

Explanation:

Economic growth refers to a rise in a nation's per capita income which is accomplished by a rise in the national output and increase in the Gross Domestic Product (GDP).

Economic development on the other hand is accomplished when a nation's GDP rise is accompanied by a rise in the standard of living of it's people.

A rise in the standard of living of the people is directly related with rise in the per capita income since, per capita income is a measure depicting average income earned by a person in a region.

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4 years ago

When inventory increases, which costing method generally results in higher net income?.

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Answer: Income is higher under absorption costing by $15,000. This is consistent with a general rule of thumb: Increases in inventory cause income to be higher under absorption costing than under variable costing, and vice versa.

Explanation:

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2 years ago

When is output level and supply inelastic? short run or long run

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Output and input levels always tend to an equilibrium point it the long run, meaning they are inelastic in the long run.

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In the short-term, output and and supply can change dramatically, but in the long run things tend back to the middle (equilibrium).

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3 years ago