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padilas [110]
3 years ago
9

In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the s

ale of equipment $ 14,800 Purchase of equipment 153,000 Proceeds from the sale of equipment 134,000 Repayment of outstanding bonds 91,000 Purchase of treasury stock 66,000 Issuance of common stock 100,000 Purchase of land 123,000 Increase in accounts receivable during the year 47,000 Decrease in accounts payable during the year 79,000 Payment of cash dividends 39,000 Net cash flows from investing activities for the year were:__________.a. $233,000 of net cash provided.b. $142,000 of net cash used.c. $142,000 of net cash provided.d. $127,200 of net cash used.e. $268,000 of net cash used.
Business
1 answer:
Alex777 [14]3 years ago
8 0

Answer:

b. $142,000 of net cash used.

Explanation:

The computation of the net cash flow from investing activities is shown below

= Purchase of equipment+ Proceeds from the sale of equipment  - Purchase of land

= -$153,000 + $134,000 - $123,000

= $142,000 of net cash used

You might be interested in
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and woul
Margarita [4]

Answer:

"Decrease by 250" is the appropriate response.

Explanation:

The given values are:

Revised fixed cost,

= $150,000

Current selling price,

= $100

Current variable cost,

= $60

Current contribution will be:

=  Current \ selling \ price-Current \ variable \ cost

=  100-60

=  40

Now,

The revised BEP will be:

=  \frac{Revised \ fixed \ cost}{Revised \ contribution}

On substituting the values, we get

=  \frac{150,000}{40}

=  3750 \ units

hence,

=  4000-3750

=  250

Thus the above is the correct answer.

4 0
3 years ago
On January 10, Molly Amise uses her Lawton Co. credit card to purchase merchandise from Lawton Co. for $1,700. On February 10, M
AVprozaik [17]

Answer:

the journal entry are given below

Explanation:

given data

On January 10

purchase merchandise = $1,700

On February 10

amount due = $1,700

On February 12

Molly pays = $1,100

On March 10

amount due & interest = 1% per month

solution

Interest revenue to be recorded on March 10 that is calculated as

Unpaid balance as of February 12 = $1700 - $1100 = $600

and interest rate = 1% per month

so

Interest revenue = $600 × 1% = $6

so the journal entry are

date                          account title                                   debit            credit

January 10                account receivable                      $1700                                                           sales revenue                                                   $1700

February 12              cash                                               $1,100

                                 sales revenue                                                       $1100

March 10                   account receivable                      $6

                                 interest revenue                                                    $6

5 0
3 years ago
Mrs. Park is an elderly retiree. Mrs. Park has a low fixed income. What could you tell Mrs. Park that might be of assistance
natali 33 [55]

Answer: Reach out to her Medicaid for their programs

Explanation:

There are programs that are set up to assist retiree's. Mrs Park should reach out to her state Medicaid agency and enquire if she is qualified for the programs they run which would assist her income.

4 0
3 years ago
Read 2 more answers
4: In 2013, the United States Postal Service charged $0.46 to mail a letter weighing up to 1 oz. and $0.20 per ounce for each ad
Gekata [30.6K]

Answer:

The function that would determine the cost in dollars, c(z), of mailing a letter weighing z ounces is (0.46 + 0.20z)

Explanation:

Weight of the letter = z ounces (z is an integer greater than 1)

cost to mail a letter weighing 1 ounce = $0.46

cost to mail an additional ounce = $0.20

cost to mail z additional ounces = z × $0.20 = $0.20z

Total cost of mailing a letter weighing z ounces = $0.46 + $0.20z

Therefore, cost function, c(z) = 0.46 + 0.2z

6 0
3 years ago
Read 2 more answers
David is a police officer with the New York Police Department (NYPD).NYPD asks David to retire when he turns 65.It also informs
romanna [79]

Answer:

B) David will most likely lose the case as it is legal for police officers to be subjected to mandatory retirement.

Explanation:

According to relevant laws, an officer must retire upon attaining the age of 62 of after 20 years of uniformed service (if it is an Early Retirement) or 22 years of uniformed service (if it is a Normal Retirement).

Regardless of whether it is a Normal or Early retirement, the officer must disengage at the age of 62.

The relevant laws which govern the administration of the NYPD retirement process as wells pensions are:

  • the Administrative Code of the City of New York (NYCAC);
  • the New York State Retirement and Social Security Law (RSSL), and
  • the Rules of New York City Police Pension Fund (NYCPPF)

Cheers!

3 0
3 years ago
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