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HACTEHA [7]
3 years ago
14

Land costing $77,900 was sold for $99,800 cash. The gain on the sale was reported on the income statement as other revenue. On t

he statement of cash flows, what amount should be reported as an investing activity from the sale of land?
Business
1 answer:
Harlamova29_29 [7]3 years ago
4 0

Answer:

$99,800

Explanation:

The statements of cash flows show cash inflows and out flows from the business activities which are recognized as operating, investing and financing activities.

When an asset is sold, the amount received from the sale of the asset is recognized as an inflow in the investing section of the cash flow statement.

The gain/loss from the sale would have been treated in the operating section based on the effect it had in the income statement while computing the net income of the company.

You might be interested in
Larry Nelson holds 1,000 shares of General Electric (GE) common stock.
Anna35 [415]

Answer:

$82,000

Explanation:

The computation of the current investment is shown below:

Current investment = Number of shares of common stock × price per share

= 2,000 shares × $41 per share

= $82,000

By multiplying the number of shares of common stock with the price per share we can get the current investment in the company

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
Households and firms with savings lend money to banks and other financial institutions. The credit supply curve shows the relati
rosijanka [135]

Answer:higher real interest rate discourages current consumption and higher real interest rate encourages more saving.

Explanation:The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.

Our measure of credit demand is an indicator variable for a firm's need for bank loans decreasing during the period. We measure credit supply using information on whether a firm's loan application was rejected, or the firm received less than 75% of its desired amount.

Credit supply curve is a curve that plots the quantity of credit supplied at different real interest rates.

4 0
3 years ago
Suppose someone borrows $552,000 today to buy a house in Davis, CA. If the annual interest rate is 4%, with monthly compounding,
galina1969 [7]

Answer:

Monthly Repayment on Loan  = $2634.06

Explanation:

given data

principal =  $552,000

annual interest rate = 4% = 0.333% monthly

solution

for get here fair value monthly mortgage payment we consider here time period is 30 year = 360 months

so now we apply here Monthly Repayment on Loan formula that is

Monthly Repayment on Loan  = principal ×  \frac{r(1+r)^t}{(1+r)^t -1}    .................1

put here value and we get

Monthly Repayment on Loan  = 552000 × \frac{r(1+0.333)^{360}}{(1+0.333)^{360} -1}    

Monthly Repayment on Loan  = $2634.06

4 0
3 years ago
Susan Sheppard, Creative Design Manager at Word-of-Mouth Marketing Group, is consistently bullied by her colleague, Alexandra Wo
Vikentia [17]

Answer:

Negative reinforcement

Explanation:

Negative reinforcement is a behavioral psychology principle that occur when one's action allows  him / her to escape an unfavorable action before it occurs.

It is mentioned in the scenario that Sheppad  is being bullied and criticized  by Alexandra  , being the boss's sister .

Susan's idea of completing all work including the extras is a behavior intentionally put up to escape the constant unpleasant stimuli from Sheppad.

6 0
3 years ago
Which of the following from the institutional view is true about the two essential dimensions of organization? a. The technical
____ [38]

Answer:

The institutional structure is that part of the organization most visible to the outside public

Explanation:

An organization ecosystem is defined simply as a system formed by the relationship or interactions of a community of organizations and their environment.

Organizational niche:

is simply an area, region or domain of unique environmental resources and needs.

An Organization is simply defined as a body or and entity that have clear inside/ outside boundary that work towards an explicit aims.

The institutional view is of the notion that when an organizational field is just getting started, diversity is the norm, but later there is a push for similarity.

4 0
3 years ago
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