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Anon25 [30]
2 years ago
15

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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2 years ago
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Mel’s Meals 2 Go purchases cookies that it includes in the 10,000 box lunches it prepares and sells annually. Mel’s kitchen and
Irina18 [472]

Answer:

Current Operation (purchase of cookies) - $0.60

Alternative - $0.2 materials

$0.15 direct labor

$0.45 without increasing capacity of which $0.3 is fixed - meaning it would still be incurred at current capacity

                        <u> Mel's Meals Evaluation of Alternatives</u>

                                       Purchase                                Produce

                                            $                                              $

Cost to Buy                        0.6                                             -

Materials                               -                                             0.2

Direct Labor                         -                                             0.15

Overhead (Variable)            -                                             0.15

Total Cost                            0.6                                          0.5

Decision: Mel should not continue buying them as she would be saving $0.1 for every lunch meal.

Since there would not be an increase in the total fixed overhead if Mel's makes the cookies in-house, then the $0.3 fixed overhead is not significant in calculating the cost of producing.

Explanation:

The differential cost in this instance is $0.1 as Mel's saves that for every cookie made which multiplied by the number included in the box and by the total box prepared and sold gives = 0.1 * 2 * 10000 = $2,000 saved for making

5 0
2 years ago
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Meng Co. maintains a $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represe
Len [333]

Answer:

A. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Dr. Cash over and short, $8; Cr. Petty cash, $268.

Explanation:

$80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses are all expense accounts which need to be debited for settlement. Cash Shortage account is debited by $8 to record the cash shortage effect. The total of all these account will be credited in cash account.

7 0
2 years ago
The renewal probability is assumed to be 60% for a particular lease with 12 months vacant if the lease is not renewed. The expec
RUDIKE [14]

Answer:

(A) ​4.8 months

Explanation:

After the expiration of a lease, a maximum of one third allowance is usually given.

Therefore, The expected vacancy at the end of this lease can be calculated as follows:

The expected vacancy = 60% × 12 × (2 ÷ 3) = 4.8 months

Therefore, the expected vacancy at the end of the lease is 4.8 months.

6 0
2 years ago
Triad common stock is selling for $27.80 a share and has a dividend yield of 2.8 percent. What is the dividend amount?
7nadin3 [17]

Answer:

B. $.78

Explanation:

Shares are units of ownership of a company that is sold to investors in order to get funds needed to run operations and other business needs.

The investors receive a payment on their shares form the profit made by the business. This is called dividend.

In the given instance Triad common stock is selling for $27.80 a share with dividend yield of 2.8 percent.

To get the dividend amount multiply share price by the dividend percentage.

Dividend = 0.028 * 27.80 ~ $0.78

3 0
1 year ago
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