1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inn [45]
3 years ago
9

Red Co. had the following transactions through December 31: Cash proceeds from the sale of investment in Gold Co. stock $ 15,000

Dividends received on investment in Blue Co. stock $ 10,000 Repaid principal on a loan to the bank $ 35,000 Acquired investment in Yellow Co. stock $ 75,000 Proceeds from the disposal of factory equipment $ 12,000 What amount should Red report as net cash used by investing activities in its statement of cash flows for the period ended December 31
Business
1 answer:
boyakko [2]3 years ago
8 0

Answer:

Red Co.

The amount that Red Co should report as net cash used by investing activities in its statement of cash flows for the period ended December 31 is:

= $38,000.

Explanation:

a) Data and Calculations:

Investing activities section of the Statement of Cash Flows:

Sales of investment in Gold Co stock       $15,000

Dividends received on Blue Co. stock        10,000

Purchase of investment in Yellow Co       (75,000)

Proceeds from the disposal of equipment 12,000

Net cash used by investing activities      $38,000

You might be interested in
Which type of cover letter would the above excerpt come from?
egoroff_w [7]

The answer is Prospecting cover letter. A letter of interest, also known as a prospecting letter or inquiry letter. This is sent to potential or desired employers that may be hiring, but haven't listed a specific job opening to apply for.

7 0
2 years ago
Read 2 more answers
A market orientation refers to:__________
attashe74 [19]

Answer:

The answer is D) A market orientation refers to the orientation of an organization that focuses its efforts on continuously collecting information about customers' needs, sharing this information across departments, and using it to create customer value.

Explanation:

The philosophy of market orientation is concerned with crating value that meets the needs of customers.

A company that applies market orientation in their approach and processes seeks ways to identify the needs of customers, they study these wants, find our how well their competitors are meeting them and then create innovative value with a competitive edge that will sell easily.

The design and packaging of these customer orientated goods and services is meant to be cost effective for the sake of maximizing profit.

7 0
3 years ago
g When a monopolistically competitive industry is in long-run equilibrium: Multiple Choice price equals marginal cost. firms ear
kozerog [31]

Answer:

price equals minimum average total cost

Explanation:

As we know that in the short run, the firms earns the economic profit but in the long run  when a new firm is entered into the indusry and there is a market share so the demand of the market is to be shared by each firm due to which the demand would be less

So this represents that price is equivalent to the average total cost

Hence, the last option is correct

8 0
2 years ago
Warren corporation purchased a truck at a cost of $60,000. It has an estimated useful life of five years and estimated residual
s344n2d4d5 [400]

Answer:

What is the amount of depreciation that warren should record for year 3 under the straight-line depreciation method? $15500

Explanation:

Net Value Dep. year End Net value.

Year 1 55000 12000          43000

Year 2 43000 12000          31000

Year 3 31000 15500          15500

Year 4 15500 15500            0

6 0
3 years ago
Cruz trading's beginning and ending balance accounts receivable for the year were $30,000 and $200,000 respectively, while the c
yulyashka [42]
The answer is "$655,000".

Beginning balance = <span>$30,000
</span>Ending Balance = <span>$200,000 
</span><span>Credit sales = $825,000

</span><span>Cash collections from customers for the year = credit sales - (ending balance - beginning balance)

= </span>$825,000 - ($200,000 - $30,000)
= $825,000 - $170000
= $655,000

6 0
3 years ago
Other questions:
  • Part 5: Joint Product Costs (10 points) Iaci Company makes two products from a common input. Joint processing costs up to the sp
    15·1 answer
  • In which situation would you opt for a car lease?
    15·2 answers
  • "Under the California Insurance Code, there are no _______ for life or health insurance in California."
    15·1 answer
  • The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a
    10·1 answer
  • According to one study, the price elasticity of demand for restaurant meals is 2.27. This implies that if restaurants want to in
    13·1 answer
  • The central bank buys $1,000 of government securities only from commercial banks. The maximum change in excess reserves, banking
    10·1 answer
  • One widespread trend under way in business today that will affect the goals of the organization you work for is: Select one: a.
    13·1 answer
  • Since your first birthday, your grandparents have been depositing $1,000 into a savings account on every one of your birthdays.
    10·1 answer
  • A good with many close substitutes is likely to have relatively ___________(elastic,inelastic) demand, since consumers can easil
    12·1 answer
  • What institution will Martha's lender check before granting or denying a loan or mortgage to Martha?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!