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2 years ago

6

A machine with a cost of $142,000 and accumulated depreciation of $97,000 is sold for $56,000 cash. The amount that should be re

ported as a source of cash under cash flows from investing activities is:__________.

1 answer:

Temka [501]2 years ago

6 0

A machine would cost $142,000 and the depreciation of $98,000

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Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou

Nostrana [21]

Answer:

b. Debit Work in Process Inventory $160,000; credit Factory Payroll Payable $160,000.

Explanation:

In order to record the cost of goods manufactured, once the goods are finished, you add up all the work in process debits. The following journal entry would be:

Dr Finished goods inventory

Cr Work in process inventory (all added up)

In this case, since you are recording labor usage, you must also credit wages or payroll payable (that correspond to the amount of labor used to manufacture the goods).

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2 years ago

Honeycutt Co. is comparing two different capital structures. Plan I would result in 12,700 shares of stock and $109,250 in debt.

velikii [3]

Answer: $47.50

Explanation:

The price pr share given debt and the number of shares if the company had both an all equity structure and a mixed structure can be expressed as;

Price per Share = Debt Value / (Number of Shares under All-equity plan - Number of shares under mixed plan)

Price per share = 109,250 / (15,000 - 12,700)

= 109,250 / 2,300

= $47.50

4 0

2 years ago

We are evaluating a project that costs $1.68 million, has a six-year life, and has no salvage value. Assume that depreciation is

zvonat [6]

Answer:

Best-Case Worst-Case

NPV NPV

PV of cash inflows $2,897,706 $3,187,477

PV of project cost $1,680,000 $1,848,000 ($1,680,000 * 1.1)

NPV $1,217,706 $1,339,477

Explanation:

a) Data and Calculations:

Initial project cost = $1.68 million

Project's estimated life = 6 years

Salvage value = $0

Depreciation expense = $280,000 ($1.68 million/6)

Income Statement:

Sales revenue (90,000 * $37.95) = $3,415,500

Cost of goods sold:

Variable cost (90,000 * $23.20) = 2,088,000

Gross profit = $1,327,500

Fixed costs = 815,000

Income before tax = $512,500

Income tax (21% of $512,500) = 107,625

Net income = $404,875

Add depreciation expense 280,000

Annual cash inflows = $684,875

PV annuity factor for 6 years at 11% = 4.231

PV of annual cash inflows of $684,875= $2,897,706 ($684,875 * 4.231)

Annual cash inflows = $753,363 ($684,875 * 1.1)

PV of annual cash inflows of $753,363 = $3,187,477 ($753,363 * 4.231)

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2 years ago

What document provided by the seller describes the condition of the property?

prisoha [69]

The document that is being used by a seller in which the contents and description of the property is placed for the buyer to see is in the transfer disclosure statement. The transfer disclosure statement will provide the description of the property and if there are any damages in the property of additional fixtures or cost made. It could provide contents such as things having to be furnished or not.

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2 years ago

MLS Construction LLC asked MD Drilling and Blasting Inc. to do rock drilling and blasting work required for an excavation projec

ozzi

Answer:

Yes of course,the statement is true as the cheque that Mr. MLS gave him was not accepted in written format and when the written agreement was faxed , then also it was not signed by the required authorities. thus there is no authentication that it was agreed upon or not.

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2 years ago

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