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Stella [2.4K]
2 years ago
6

During the year, Next Tec Corp. had the following cash flows: receipt from customers, $14,000; receipt from the bank for long-te

rm borrowing, $6,500; payment to suppliers, $5,200; payment of dividends; $1,700, payment to workers, $2,400; and payment for machinery, $12,500. What amount would be reported for net financing cash flows in the statement of cash flows?
Business
1 answer:
elena-s [515]2 years ago
5 0

Answer:

The amount that will be reported for net financing cash flows in the statement of cash flows is $4,800.

Explanation:

Cash Flows from financing activities are all cash flows which is incurred for the purpose of financing the business.

For example

  • Dividend Payment
  • Issuance of Bonds
  • Issuance of share
  • etc.

Determine the category of each cash flow

Receipt from customers, $14,000; Operating

Receipt from the bank for long-term borrowing, $6,500; Financing

Payment to suppliers, $5,200; Operating

Payment of dividends; $1,700, Financing

Payment to workers, $2,400; operating

Payment for machinery, $12,500. Investing

Now calculate the Financing cash flows

Receipt from the bank for long-term borrowing _____ $6,500

Payment of dividends ________________________<u>( $1,700 )</u>

Net cash flows from Financing activites ___________ <u>$4,800</u>

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What is one drawback of pure competition compared to monopolies?
frutty [35]

Answer:

D. Pure competition spreads resources between many different

firms.

Explanation:

Pure competition is a market structure with many suppliers and many buyers. All the suppliers sell a homogeneous product. There is intense business competition among the suppliers. Other characteristics of pure competition include

  • There are no dominant suppliers.
  • There is ease of entry and exit into the market
  • Suppliers/firms are price takers.

In pure competition, resources are shared among the many competing firms in the industry, unlike in a monopoly that has only a single supplier. Resources include raw materials and profits.

8 0
3 years ago
Read 2 more answers
James wants to utilize his creativity in the advertising business. So, he plans to leave his shoe manufacturing business. He thi
brilliants [131]

Answer:

C. He can hire a new employee for a temporary replacement

Explanation:

because what if the other states are going to shut down the trade industry and you just shut down your shoe factory the whole city is going to be shoe less so i would say c and wait to find a  worthy successor for his position in the shoe manufacturing business.

7 0
3 years ago
A customer has requested that Lewelling Corporation fill a special order for 2,100 units of product S47 for $26 a unit. While th
RSB [31]

Answer:

Annual Financial advantage $ 550

Explanation:

<u>Computation of income/loss on special order</u>

Unit product costs

Normal product costs                                                                $ 19.20

Incremental variable costs  $ 1.30 per unit                               <u>$  1.30</u>

Total product costs                                                                     $ 20.50

Revenues per unit                                                                       <u>$ 26.00</u>

Profit per unit                                                                               $   5.50

Sales Units                                                                                    2,100 units

Total incremental profit on order                                               $ 11,550

Less; cost of moulds                                                                    <u>$ 11,000</u>

Incremental profit on S 47 order                                                 $    550                                                  

3 0
3 years ago
Read 2 more answers
True or false: In the United States, inflation reached double-digit rates in the 1970s and early 1980s but has since declined an
Liono4ka [1.6K]

This is True that In the United States, inflation reached double-digit rates in the 1970s and early 1980s but has since declined and recently, has been relatively mild.

<h3>What is inflation?</h3>

A general increase in the cost of goods and services is referred to as inflation. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.

When prices for goods and services increase rapidly, there is rapid inflation, which reduces the purchasing power of savings. Oil prices, currency speculators, rapacious businesspeople, and avaricious union leaders were held responsible for The Great Inflation.

Numerous businesses were destroyed and countless people were harmed by the Great Inflation and the recession that followed.

Cause for the decline in inflation:

  • Reduced government spending,
  • Stock market declines,
  • Consumer desire to save more money,
  • Tighter monetary regulations

When the economy's output expands more quickly than the amount of available credit and money, falling prices can also occur spontaneously

To know more about Inflation refer to: brainly.com/question/15692461

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8 0
1 year ago
Deep Water Mining added $411 to retained earnings last year on sales of $24,646. The administrative expenses were $4,370, deprec
ki77a [65]

Answer:

$18,290

Explanation:

The computation of the cost of goods sold is given below;

The profit after tax is

= Retained earnings + dividend

= $411 + $285

= $696

The profit before tax = $696 ÷ (1 - Tax rate)

= $696 ÷ (1 - 0.35)

= $1,071  

Now  

Sales = $24,646

Let us assume the Cost of goods sold be X

admin expenses = $4,370

Depreciation = $812

Interest = $103

Profit before tax = $1.071

Cost of goods sold (X) = $24,646  - $4,370 - $812 - $103 - $1,071

= $18,290

5 0
3 years ago
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