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Alexandra [31]
3 years ago
8

The following transactions were made by Ruby Inc. last year:

Business
1 answer:
Juliette [100K]3 years ago
8 0

Answer:

OPtion (C) is correct.

Explanation:

Given that,

Issuance of common stock = $100,000

Dividends paid to the company's stockholders = $2,000

Depreciation expense = $6,000

Repayment of principal on bonds = $40,000

Proceeds from the sale of the company's used equipment = $39,000

Purchase of land = $230,000

Cash flow from financing activities:

= Issuance of common stock - Dividends paid to the common stockholders - Repayment of principal on the company's own bonds

=  $100,000 - $2,000 - $40,000

= $58,000

Therefore, the net cash inflow from financing activities is $58,000.

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The objective of financial reporting is to provide useful financial information to capital providers.
Amiraneli [1.4K]

i think it is B

Explanation:

6 0
3 years ago
The administrative department is not responsible for _____ communication.
Nonamiya [84]

Answer:

I will say c I not shore 100%

4 0
2 years ago
Kyle and Alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters Jane and Jill, respectively, to attend the
denis-greek [22]

Answer: $3,500

Explanation:

The American Opportunity Tax Credit is a credit offered by the IRS for educational expenses paid on qualified students in their first 4 years of tertiary education.

The credit offered stands at a 100% of the first $2,000 paid per student. Afterwards this drops to 25% for the next $2,000.

To be able to claim the full credit however, some income conditions must be met. The most relevant to this question is that your Modified Adjusted Gross Income (MAGI) should be $80,000 or less if filing singularly or $160,000 or less if jointly signing as a married couple.

That means that Kyle and Alyssa qualified for 100% of this credit.

They get to claim $1,000 on Jane.

For Jill they get to claim the first $2,000 and then 25% of the next $2,000,

= 25% * 2,000

= $500

= 500 + 2,000

= $2,500

They get to claim $2,500 on Jill.

Total of $3,500 for both Jane and Jill.

3 0
3 years ago
Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You nee
sleet_krkn [62]

Answer: 2.72%

Explanation:

An annuity is a series of payments that is made at equal intervals. Examples are monthly home mortgage payments, regular deposits to a savings account, pension payments.

Number of payment period (NPER) = 12 years

Payment per period (PMT) = $15000

Amount needed, PV = $156000

The formula for an annuity is calculated as:

P = PMT x ((1 – (1 / (1 + r) ^ -n)) / r)

= Rate(12,15000,-156000,1)

Rate = 2.72%

7 0
2 years ago
The average firm in each industry must have an m/b ratio that is equal to 1.0. true or false?
kumpel [21]
The M/B ratio is the ratio between the market value and the book value.<span>  It is </span><span>one indicator used to measure the worth </span>
It is false that the average firm in each industry must have an M/B ratio that is equal to 1.0
5 0
3 years ago
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