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For the year ended December 31, Ion Corp. had cash inflows of $25,000 from the purchases, sales, and maturities of held-to-matur

77julia77 [94]

Answer:

The amount of net cash flow from investing activities that ion should report in its cash flow statement is $65,000.

Explanation:

A cash flow statement is one of the financial statements which will tell how changes in income statement and balance sheet accounts will affect the company's cash inflow and outflow. This statement will break down the analysis in to operating , investing and financing activities.

For taking out the net cash flow in investing activities, purchase activities are added and sale activities are subtracted and from the given information in the question , it is clear that both are purchasing activities, therefore

NET CASH FLOW FROM INVESTING = $25,000 + $40,000

= $65,000

5 0

3 years ago

Companies using target costing ________. start with an ideal selling price and then target costs that will ensure that the price

Anika [276]

Companies using target costing start with an ideal selling price and then target costs that will ensure that the price is met.

Companies use this approach to make sure they are setting a projects price point at appropriately. They want to make sure it meets the standards the price point is set at by quality and functionality of the product being worth the money a customer will spend for it. They are able to design their profit margin and build the target costs and revenue around that.

8 0

3 years ago

at the end of 2018, river plate builders had two jobs still in process with a total balance of $132,200. what overhead rate is r

Ksju [112]

Answer: d. 80% of direct material cost

Explanation:

Overhead cost = Total costs - Direct material - Direct labor

= 132,200 - 25,000 - 32,000 - 12,500 - 17,100

= $45,600

Direct materials cost = 32,000 + 25,000

= $57,000

Percentage of Direct materials = Overhead/ Direct materials

= 45,600/57,000

= 80%

8 0

3 years ago

g Salmont Corporation uses the FIFO method in its process costing system. The company reported 28,000 equivalent units of produc

aliina [53]

Answer:

25,150 units

Explanation:

The question is to determine the number of production units that were started during the month.

Note that the company uses the First In First Out method for Process costing

Description Units in Process completion (%) Equivalent

completed (units)

The Equivalent Units 28,000 100 28,000

Subtract:

Opening Work-in- progress 7,500 60 4,500

Closing Work in Progress 5,500 70 3,850

Equivalent Units Started and Completed 19,650

Step 2: Equivalent Units Started

= Eqivalent Units started and completed + Total Ending Units

= 19,650 + 5,500 = 25,150 units

5 0

4 years ago

The mayor of NYC convinced the Rent Guidelines Board to approve a rent freeze. Landlords complained, but could not change it. Th

marin [14]

Relationship of the firm to other economic agents.

Explanation:

Economics is a branch of social science where it shows the relation between the firm as well as other economic agents. The economic agents can interact individually as well as in an aggregate way. An economic agent is referred to as decision maker that can effect the economy at the time of selling, producing, buying. The various examples of economic agents are firm, households, individuals as well as business.

In this context NYC is a firm and the rent guideline boards as well as the landlords are various economic agents. In this context a relationship is shown between the firm and the economic agents.

7 0

4 years ago