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Otrada [13]
3 years ago
10

During 2021, Bramble Corp. had the following activities related to its financial operations: Carrying value of convertible prefe

rred stock in Bramble, converted into common shares of Bramble $ 539000 Payment in 2021 of cash dividend declared in 2020 to preferred shareholders 280000 Payment for the early retirement of long-term bonds payable (carrying amount $3929000) 3974000 Proceeds from the sale of treasury stock (on books at cost of $388000) 451000 The amount of net cash used in financing activities to appear in Bramble's statement of cash flows for 2021 should be
Business
1 answer:
BigorU [14]3 years ago
3 0

Answer:

the net cash used in financing activities is -$3,803,000

Explanation:

The computation of the net cash used in financing activities is shown below:

= Payment of cash dividend - payment for early retirement + proceeds from the sale of treasury stock

= -$280,000 -$3,974,000 +  $451,000

= -$3,803,000

hence, the net cash used in financing activities is -$3,803,000

WE simply applied the above formula

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Gross billings for merchandise sold by Lang Company to its customers last year amounted to $12,520,000; sales returns and allowa
elena-14-01-66 [18.8K]

Answer:

c. $12,175,000.

Explanation:

Given: Merchandise sold by Lang company= $12520000.

           Sales return and allowances= $270000.

           Discount= $140000.

While calculating net sales, freight out charges is not included as it an selling expense and it should be included while calculating Gross profit of the company.

Here, we have to find the last year net sales for Lang company.

∴ Net sales= sales\ revenue- (sales\ returns\ and\ allowances + sales\ discount)

⇒ Net sales = 12520000-(270000 + 75000) = 12520000 - 345000

∴Net sales= \$ 12175000

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3 years ago
Which type of soil is on the bottom? Why?
Maurinko [17]
On the bottom of what ? Can you please take a pic of the question
8 0
2 years ago
If the demand for product x is inelastic, a 4 percent decrease in the price of x will.
NeTakaya

A 4 percent decrease in the price will lead to an increase in the quantity demanded by less than 4 percent.

<h3>What is demand?</h3>

Demand simply means the amount of goods and services that a buyer wants to buy at a particular price and time.

When the demand for product x is inelastic, a 4 percent decrease in the price of x will lead to an increase in the quantity demanded by less than 4 percent.

Learn more about demand on:

brainly.com/question/1245771

3 0
2 years ago
Joseph wants to open up a skateboard shop with his cousin Billy. He would like for them to own and operate the shop equally. Wha
Olegator [25]

This would be a general partnership because both parties are responsible equally.

6 0
3 years ago
Read 2 more answers
Determine the amount of consumer surplus generated in the following situation. After soccer practice, Stacey is willing to pay $
AlladinOne [14]

Answer:

The answer is: There was no consumer surplus in this situation.

Explanation:

consumer surplus refers to the difference between the maximum amount a consumer is willing to pay for a good or service and the actual price of the good or service.

In this case there was no consumer surplus, since Stacey was willing to pay only $2 for a bottle of mineral water and its price was $2.25, so she didn't buy it.

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2 years ago
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