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2 years ago

Based on the following information, compute cash flows from investing activities under GAAP.

Business

1 answer:

777dan777 [17]2 years ago

8 0

Answer:

$250

Explanation:

Computation of cash flows from investing activities under GAAP.

The Purchase of used equipment as well as the sale of investments often affect cash flow from operating activities.

Therefore,

Sale of investments $450

Less Purchase of used equipment (Cash outflow) ($200)

Cash flow from investing activity $250

Therefore the cash flows from investing activities under GAAP would be $250

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kogti [31]

the number of persons killed in highway accidents in the u.s.a. in 2016 was: 40,000The number of this deaths has been increased for about 6% compared to the previous year. This makes 2016 so far became the deadliest year in term of highway accidents

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2 years ago

Primo Industries collected $105,000 from customers in 2022. Of the amount collected, $25,000 was for services performed in 2021.

Gala2k [10]

Answer:

Net Income for 2022 = $33000

Net Income for 2022 = $36000

Explanation:

The cash basis accounting follows that all the transactions should be recorded in the period in which cash is either received or paid out as a result of that transaction rather than in the period to which they relate to.

Thus, the Net Income for 2022 under cash basis will be,

Cash Receipts in 2022

Collections from customer 105000

Less: Cash Payments in 2020

Expenses paid (72000)

Net Income 33000

Under accrual basis, the transactions should be recorded in the period to which they relate to rather than in the period when cash is received or paid out.

Thus, net income for 2022 under accrual basis will be,

Revenue 2022 = 105000 - 25000 + 40000 = $120000

Expenses 2022 = 72000 - 30000 + 42000 = $84000

Net Income = 120000 - 84000 = $36000

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2 years ago

The financial statements for Dividendosaurus, Inc., for the current year are as follows: Balance Sheet Statement of Income and R

MakcuM [25]

Answer:

Option D,50% is the correct answer.

Explanation:

Dividend payout ratio is an important financial measure which measures the ratio of company's dividends payment to net income of the company.

This implies the portion of income earned in a year given to shareholders as dividends while the remains is kept in the business as source of further growth.

Dividend payout ratio=dividends/net income=$100/$200=50%

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2 years ago

Azure Inc. assigns $4,000,000 of its accounts receivables as collateral for a $3 million loan with a bank. The bank assesses a 3

Vlad1618 [11]

Answer with its Explanation:

Step 1:

First of all record a loan of $3 million loan:

Dr Bank $3,000,000

Cr Loan $3,000,000

Step 2:

Finance charge will be 3% on this loan amount:

Dr Finance Charge $3million *3% = $90,000

Cr Bank $90,000

Step 3:

The interest on the note is 7% which is $70,000. So the journal entry would be:

Dr Interest Expense $70,000

Cr Interest payable $70,0000

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2 years ago

Waterways packages some of its products into sets for home installations. One set (small) sells for $77 with variable costs of p

horrorfan [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

One set (small) sells for $77 with variable costs of production for the set at $50. Another set (large) sells for $152 with variable costs of $100.

Contribution margin= selling price - unitary variable cost

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2 years ago