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Lostsunrise [7]
2 years ago
14

The following selected account balances are taken from the records of Cooper Corporation for the past two years.

Business
1 answer:
kumpel [21]2 years ago
3 0

Answer:

Cooper Corporation

1. Cash received from the sale of equipment:

= d. 70

2. Decrease in cash from investing activities:

= b. (522)

3. Increase in cash from financing activities:

= c. 30

Explanation:

a) Data and Calculations:

December 31

                                              2018      2017   Change

Equipment                           $750      $400    +$350

Accumulated depreciation   (160)      (225)       +65

Land                                        92           50        +42

Bonds payable                       30           50         -20

Common stock                     120         100         +20

Additional paid in capital     400        320         +80

Retained earnings               825        675       +150

Net income for the year = $200

Depreciation expense = $70

Less Gain from sale of equipment $5

Equipment

Account Titles         Debt     Credit

Beginning balance  $400

Cash purchase          550

Sale of equipment                $200

Ending balance                       750

Sale of equipment

Equipment       $200

Accumulated depreciation   $135

Cash                                          70

Gain from sale      5

Retained earnings:

Beginning balance              $675

Net income                            200

Dividends                    50

Ending balance         825

Statement of Cash Flows (partial):

Investing activities:

Sale of equipment           $70

Purchase of equipment -550

Purchase of land              -42

Decrease in cash         $522

Financing activities:

Bonds payable                        -20

Common stock                       +20

Additional paid in capital        +80

Dividends paid                        -50

Increase in cash                    $30

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6 0
3 years ago
Abc buys widgets for $5 cash and sells them on account for $8. At the point of sale, what is the effect on the cash flow of abc?
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At the point of sale, there is an increase in the effect on the cash flow of abc.

What is cash flow?

A cash flow is a real or virtual movement of money.

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  • A cash flow is determined by its time t, nominal amount N, currency CCY and account A; symbolically CF = CF(t,N,CCY,A).
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To learn more about cash flow: brainly.com/question/10714011

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An investment project has annual cash inflows of $2,800, $3,700, $5,100, and $4,300, for the next four years, respectively. The
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Answer:

Discounted payback period = 1.89 years

Explanation:

If Initial cost is $5,200

Year  Cash flow   Present value   Present value      Discounted

                                 at 11%                                       Cumulative cash flow

0          -5,200             1                      -5,200              -5,200

1            2,800           0.9009             2,523               -2,677

2           3,700           0.811                  3,003                326

3            5,100           0.73126              3,729                4,055

4            4,300          0.6587               2,833                6,887

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Working

PV= (1+i)^-n

i= 11%, n= respective years 0,1,2,3,4

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