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
Marina CMI [18]
3 years ago
10

Bramble Corp. reported net income of $87800 for the year ended December 31, 2021. Included in net income were depreciation expen

se of $16500 and a gain on sale of equipment of $3600. The equipment had an historical cost of $80500 and accumulated depreciation of $48400. Each of the following accounts increased during 2021: Land $10900 Prepaid rent $14000 Available-for-sale securities $2000 Bonds payable $9500 What is the amount of cash provided by or used by investing activities for Bramble Corp. for the year ended December 31, 2021?
Business
1 answer:
adoni [48]3 years ago
5 0

Answer:

net cash provided by investing activities $22,800

Explanation:

the carrying value of the equipment = $80,500 - $48,400 = $32,100

the sales price of the equipment was $32,100 + $3,600 (gain on sale) = $35,700

land was purchased for $10,900

available for sale securities were purchased fro $2,000

total cash flows from investing activities = $35,700 (cash proceeds from sales of equipment) - $10,900 (land purchased) - $2,000 (AFS securities purchased) = $22,800

You might be interested in
Sold merchandise on credit to Rondo Distributors, for $1,200, terms n/30. The cost of the merchandise was $720. 8 Purchased merc
Iteru [2.4K]

Answer:

See the explanation.

Explanation:

Account receivable Rondo Distributors debit        $1,200

Sales revenue                                          credit                 $1,200

Note: To record the merchandise sales on account. As the company used the periodic inventory system, we do not need to give the cost of goods sold journals.

Purchase debit                     10,000

Accounts payable credit               10,000

Note: To record the purchase on account.

Delivery expense  debit        $525

Cash                       credit              $525

Note: To record the payment of the delivery expense.

8 0
3 years ago
What purpose does tesla serve in the economy?
grandymaker [24]

Tesla has created over 1,500 jobs at its ATVM-supported facilities. The Department of Energy's investment in Tesla supports the commercial deployment of advanced technologies that help U.S. automakers remain competitive in the growing global advanced vehicle market. This is the purpose of tesla serving the economy.

The economy is the field of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.

Learn more about the economy here:brainly.com/question/1106682

#SPJ4

8 0
2 years ago
On June 1, year 2, Oak Corp. granted stock options to certain key employees as additional compensation. The options were for 1,0
Dimas [21]

Answer:

Since the options were granted at an exercise price of $15 when the market value of the shares was $20, total compensation under the intrinsic method would be $5 per share on 1,000 shares or $5,000. Since the options are exercisable on 1/2/X2, the $5,000 in compensation would all be recognized n 20X1.

Explanation:

3 0
3 years ago
Which career is best suited for people who have a high school diploma?
yuradex [85]

Answer:a

Explanation:

4 0
2 years ago
Read 2 more answers
A company's beginning Work in Process inventory consisted of 37,000 units that were 90% complete with respect to direct labor. A
pychu [463]

Answer:

128,000 units

Explanation:

The calculation of the equivalent units of production using the weighted average method is given below:

= Total units of finished goods × completion percentage + ending work in process units × completion percentage

= 107,000 units × 100% + 42,000 units × 50%

= 107,000 units + 21,000 units

= 128,000 units

Hence, the equivalent units of production of direct labor is 128,000 units.

8 0
2 years ago
Other questions:
  • Use the following information to calculate the dollar cost of using a money market hedge to hedge 200,000 British pounds of paya
    11·1 answer
  • What influences the costumer when she or he is deciding whether to buy a product
    9·1 answer
  • Wilbur has been offered a job at a salary that would put him in the 24% marginal tax bracket. In addition to his salary, he woul
    7·1 answer
  • Suppose the market price of corn is​ $5 a bushel but the government sets a price of​ $7. As a​ result_______________--
    11·1 answer
  • Jazz Corporation owns 10 percent of the Williams Corp. stock. Williams distributed a $10,000 dividend to Jazz Corporation. Jazz
    13·1 answer
  • An article in the Wall Street Journal noted that the demand for video Internet advertising was increasing at the same time that
    5·1 answer
  • (Calculating annuity payments) The Aggarwal Corporation needs to save $10 million to retire a $10 million mortgage that matures
    11·1 answer
  • ​It's widely believed that​ self-driving vehicles will become commonplace in the fairly near future and that their growth will b
    10·1 answer
  • Bramble Company must decide whether to make or buy some of its components. The costs of producing 69,800 switches for its genera
    5·1 answer
  • In 2021, management discovered that Dietlikon Production had debited expense for the full cost of an asset purchased on January
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!