How much money did he save by paying

In preparing Tywin Company's statement of cash flows for the most recent year, the following information is available: Purchase

soldier1979 [14.2K]

Answer:

-$264,000

Explanation:

The net cash flows from investing activities for the year is presented below

Cash flow from investing activities

Purchase of equipment -$260,000

Proceeds from the sale of equipment $87,000

Purchase of land -$91,000

Net cash flow used by investing activities -$264,000

The purchase is a cash outflow so it would be shown in a minus sign whereas sales is a cash inflow so it would be added

3 0

3 years ago

Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA). The

Rasek [7]

Answer:

13 years

Explanation:

Note that, if we add the annual interest rate of 7.9% to $8000 [(0.079*8000)+8000] we get a total value of $8632. We perform random division of the 8632 with 11 12, 13 years we note that at 13 years the total annual payment is lowest.

Such that 8632/13 years= $664 lower than paying $750.

8 0

3 years ago

Zitrik Corporation manufactured 90,000 buckets during February. The variable overhead cost-allocation base is $5.05 per machine-

Yanka [14]

1. What is the variable overhead spending variance? (HINT: The answer $980 unfavorable, but I need work to support this)
2. What is the variable overhead efficiency variance? (HINT: The answer is $4,040 unfavorable, but I need work to support this)

3 0

2 years ago

SCENARIO 1.1: An economist wants to understand the relationship between minimum wages and the levelof teenage unemployment. The

Harman [31]

Answer : Minimum Wage

Explanation: From the scenario analysis the minimum wage should be reduced since its increasing the unemployment rate so that lesser wages would make the youth to work more for their salary.

3 0

3 years ago

Suire Corporation is considering dropping product D14E. Data from the company's accounting system appear below:

Oksana_A [137]

Answer and Explanation:

a. The computation of the net operating income earned is shown below:

Sales $800,000

Less: Variable cost -$381,000

Contribution margin $419,000

Less: Fixed manufacturing expenses - $263,000

Less : Fixed selling and administrative expenses - $211,000

Net operating income or (Loss) -$55,000

b. The computation of the financial advantage (disadvantage) of dropping product D14E is shown below:

Sales $800,000

Less: Variable cost -$381,000

Contribution margin $419,000

Less: Fixed manufacturing expenses - $202,500

Less : Fixed selling and administrative expenses - $117,500

Financial disadvantage -$99,000

Since there is a financial disadvantage so the product should not be dropped

We simply applied the above equation

7 0

3 years ago