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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

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Answer:

the size of the mortgage with these terms is $149,138.24

Explanation:

The computation of the size of the mortgage is shown below:

Present value of annuity is

=  Monthly payment × {[1 - (1 + rate of interest)^-number of months] ÷ rate of interest}

= $1,200 × {[1 - (1 + 0.0075)^-360] ÷ 0.0075}    

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The 360 is come from

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marci, a purchasing agent, orders 300 refrigerators per month from an online vendor portal. in doing so, she has made a(n) decis
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4 0
1 year ago
WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for t
Savatey [412]

Answer:

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Which of the products should be processed beyond the split-off point? Product X Product Y Product Z

B) yes no yes

Explanation:

a) Data and Calculations:

Budgeted data for the next month:

products                                                           X             Y              Z

Units produced                                              2,400      2,900       3,900

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7 0
3 years ago
Reedy Company reports the following information for 2012:
asambeis [7]

Answer:

Ending WIP= $13,500

Explanation:

<u>First, we need to calculate the factory overhead:</u>

Factory overhead= 25,000*0.75= $18,750

<u>Now, the ending WIP inventory:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

68,250 = 11,000 + 27,000 + 25,000 + 18,750 - Ending WIP

Ending WIP= $13,500

4 0
3 years ago
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