Answer:
Net income for the current period is $2,350.
Explanation:
Calculation of Net Income for the Current Period.
$ $
Fees earned 7,250
Less Expenses :
Rent expense 1,300
Salaries expense 2,300
Utilities expense 345
Insurance expense 650
Supplies expense 115
Depreciation expense—equipment 190 (4,900)
Net Income / (Loss) 2,350
You work for an automotive parts distributor based in Ohio that is expanding operations in China. Management and operations employees that will be working with the Chinese division have been taking classes on Chinese culture and business customs.
a) Self-directed work groups and virtual teams
b) Heightened global competition
c) Changing communication technologies
Answer:
b) Heightened global competition
Explanation:
Since in the question it is mentioned that working as a distributor of an automative part i.e. based on the Ohia diversifies its business operations in China. Also the employees and the management are working with this division and taking the classes on the chinese culture and their customs in order to feel comfortable
So this scenario represents that the global competition is on the peak
Therefore the option b is correct
Spencer Co. has a $200 petty cash fund. At the end of the first month the accumulated receipts represent $43 for delivery expenses, $127 for merchandise inventory, and $12 for miscellaneous expenses. The fund has a balance of $18. The journal entry to record the reimbursement of the account includes a:_______.
a. Debit to Petty Cash for $200.
b. Debit to Cash Over and Short for $18
c. Credit to Cash for $182
Answer:
CR to Cash for $182
Explanation:
Based on the information given we were told that Spencer Co. has the amount of $200 as a petty cash fund and the fund as well has a balance of the amount of $18 this meas that the journal entry to record the reimbursement of the account includes a Credit to Cash for the amount of $182 calculated as:
CR to Cash for $182
($200-$18)
g A company issues a ten-year bond at par with a coupon rate of 6.5% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 8.6%. What is the new price of the bond
Answer:
$880.31
Explanation:
Here for computing the new price of the bond we use the present value formula i.e. to be shown in the attachment
Given that,
Assuming Future value = $1,000
Rate of interest = 8.6% ÷ 2 = 4.3%
NPER = 8 years × 2 = 16
PMT = $1,000 × 6.5% ÷ 2 = $32.50
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the new price of the bond is $880.31
Explain why high-performance value-added salespeople earn much more than high- performance transactional salespeople g
Answer with Explanation:
The Value-added salespersons are the one with better qualification, trainings, experience and have thorough understanding how the sales mechanism would better work in different circumstances and thus are far much better than the transaction salespeople. Furthermore, they are the one who knows what the customer is desiring and this helps them in adding value to their operations and product. Whereas transactional salesperson add very little value to sell the product because the customer knows about the product features and the presence of the transactional salesperson doesn't have any significant impact on the customer perception.
Pricing the basic product in a product line low while pricing related items at a higher level is called
Answer:
Explanation:
captive pricing
A friend of yours has been thinking about quitting her regular day job and going into business for herself. She currently makes $ per year as an employee of the Ajax Company, and she anticipates no raise for at least another year. She believes she can make $ as an independent consultant in six-sigma "black belt" training for large corporations. Her start-up expenses are expected to be $ over the next year. If she decides to keep her current job, what is the expected opportunity cost of this decision? Attempt to balance the pros and cons of the option that your friend is turning away from.
Complete Question:
A friend of yours has been thinking about quitting her regular day job and going into business for herself. She currently makes $63,000per year as an employee of the Ajax Company, and she anticipates no raise for at least another year. She believes she can make $205,000 as an independent consultant in six-sigma "black belt" training for large corporations. Her start-up expenses are expected to be $102,000 over the next year. If she decides to keep her current job, what is the expected opportunity cost of this decision? Attempt to balance the pros and cons of the option that your friend is turning away from.
Answer:
I would advice her to quit working as an employee and start working as an independent consultant.
Explanation:
Now here we will compute the net earnings arising from each opportunity.
Case 1: Opportunity to carry on his job
The relevant costs include is the Salary earnings which is $63,000.
Case 2: Opportunity to earn as an Independent Consultant
Independent Business Earnings are at $205,000 and the expenses associated with the opportunity is at $102,000.
This means the net earnings are = $205,000 - $102,000 = $103,000
Decision Rule:
The opportunity cost to leave the job and start working as an independent consultant would be $63,000.
If the person is desiring to pick her career over the independent consultant then the opportunity cost of leaving an opportunity to earn as an independent consultant is $103,000.
Thus the decision must be quit working as an employee and start earning as an independent consultant.
Consider Frank’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on room and board, and $1,800 on books. If he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. What is Frank’s cost of going to college? Show the work
Answer:
wow
Explanation:
just wow
Capital gains that are realized upon the sale of a municipal security are:________
I subject to Federal Tax
II exempt from Federal Tax
III subject to State and Local Tax
IV exempt from State and Local Tax
A. I and III
B. I and IV
C. II and III
D. II and IV
Answer:
A. I and III
Explanation:
Capital gains on the municipal securities are taxable at the Federal, State and Local Level. Only the interest income from the municipal securities will be exempted from the Federal income tax.
If a firm has a limited capital budget and too many good capital projects to fund them all, it is said to be facing the problem of
Answer:
"Capital rationing" would be the appropriate answer.
Explanation:
Capital rationing is a systematic process for allocating remaining cash through various alternative investments, thus growing the bottom line of a financial institution. It consists of calculating profitability economic indicators across all projects as well as choosing the best ventures which result in the highest present value especially when associated.
By improving the quality of goods and services produced, the ______ value of products and services is enhanced.
Answer:
functional.
Explanation:
The functional value can be perceived by the customer as a type of value that is related to the benefits and utility that a good or service will bring to satisfy his needs.
Therefore, improving the quality of the goods and services produced will increase their functional value.
Increasing the quality of goods and services may be a relevant competitive strategy for a company to achieve market advantages, since in the purchase decision process, the consumer will analyze the options on the market and choose the one that best satisfies their needs in relation to functional value of the product or service.
The more candy bars you eat each day, the more weight you gain (if all other factors are equal). Is this an example of a direct or an indirect proportion
Answer:
direct proportion
Explanation:
Direct proportion is a term that describes a relationship between two elements under observation, in which an increase or decrease in one element leads to an increase or decrease in the other element accordingly.
Therefore, in this situation, given that, the more candy bars you eat each day, the more weight you gain is a perfect example of DIRECT PROPORTION.
Which of the following items should be included in the pension expense computation for a defined-benefit plan?
a. Both expected return of plan assets and amortization of prior service cost
b. Expected return of plan assets, but not amortization of prior service cost
c. Amortization of prior service cost, but not expected return of plan assets
d. Neither expected return of plan assets nor amortization of prior service cost
Answer:
Option A
Explanation:
In simple words, Pension expense notes the employer 's yearly cost of sustaining the individual employee pension scheme. Businesses who have a pension fund must measure and record the benefits and obligations of the programme on the financial statements.
In order to measure the benefit bill, the company must record the operation and tax rates, the estimated return on the value of the scheme, the amortisation of the value of the former contract and the results of the profits and declines.
What would happen to the U.S. economy if all or most manufactures here made 80-85% of their own parts like SpaceX and Tesla?
Answer:
The U.S economy won't fall, but it will have some problems.
Explanation:
Now,
If all manufactures start making their own parts, the U.S Government wont have any customers to buy the resources needed to make a part. These Manufacturers will have to make mines and factories of their own to do this. It is unlikely that manufacturers will make factories or mines to make their own parts because it is going to be a huge project and its going to cost a lot of money which will be a lose-lose situation because both the U.S and the manufacturers are not going to benefit.
Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 14,000 Selling price per unit $ 16.00 Variable selling expense per unit $ 1.00 Variable administrative expense per unit $ 1.00 Total fixed selling expense $ 20,000 Total fixed administrative expense $ 13,000 Beginning merchandise inventory $ 12,000 Ending merchandise inventory $ 23,000 Merchandise purchases $ 87,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. HintsReferenceseBook
Answer:
Results are below.
Explanation:
First, we need to calculate the cost of goods sold:
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 12,000 + 87,000 - 23,000
COGS= $76,000
Traditional format income statement:
Sales= 14,000*16= 224,000
COGS= (76,000)
Gross profit= 148,000
Total selling expense= (20,000 + 14,000*1)= (34,000)
Total administrative expense= (13,000 + 14,000*1)= (27,000)
Net operating income= 87,000
Contribution format income statement:
Sales= 14,000*16= 224,000
Total variable cost= (76,000 + 14,000 + 14,000)= (104,000)
Contribution margin= 120,000
Total fixed selling expense= (20,000)
Total fixed administrative expense= (13,000)
Net operating income= 87,000
Answer is First, we need to calculate the cost of goods sold:
When COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
Then COGS= 12,000 + 87,000 - 23,000
After that COGS is= $76,000
Then the Traditional format income statement that is: Sales= 14,000*16= 224,000 COGS= (76,000) Gross profit= 148,000 So that the Total selling expense= (20,000 + 14,000*1)= (34,000) Total administrative expense= (13,000 + 14,000*1)= (27,000) Net operating income= 87,000 Contribution format income statement: Sales= 14,000*16= 224,000 Total variable cost= (76,000 + 14,000 + 14,000)= (104,000) Contribution margin= 120,000 When the Total fixed selling expense is= (20,000) Total fixed administrative expense= (13,000)Net operating income= 87,000
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Opportunity recognition is the process of identifying, ________, and developing new venture opportunities.
Answer:
Selecting
Explanation:
The answer has been added into the question in this paragraph. It is in bold letters. Opportunity recognition is the process of identifying, selecting, and developing new venture opportunities.
when we talk about opportunity recognition we are talking about the ability to perceive new ideas, opportunities for a business or venture. as well as also being on the lookout for ways to improve. a person could just come up with new money making venture, or he could come up with ways to improve an existing venture.
If the wagerental ratio in Japanese auto production is lower than the wagerental ratio in U.S. auto production, then:
Answer:
If the wage/rental ratio in Japanese auto production is lower than the wagerental ratio in U.S. auto production, then:
the labor wage cost when compared with another factor of production (capital or land) in Japan is lower than it is in the U.S. This implies that Japan, which has labor in abundance compared to the scarcity of labor in US, should continue auto production with labor, which is in abundance instead of using capital or another production factor, which is scarce and costly.
Explanation:
The Heckscher-Ohlin model proposed an economic model which encourages "countries to export what they can most efficiently and plentifully produce."
Thus, the model emphasizes the export of goods requiring factors of production that a country has in abundance. According to the Heckscher-Ohlin model, the wage/rental ratio, is computed with a comparison of the wage of labor to the rental price of either capital or land.
Delineate and describe the difference between measuring human performance and task completion.
Explanation:
Put simply, to measure one's task completion simply involves checking to see whether what ought to be done has been done. However, to measure human performance checks to see whether what ought to be done has been done well by the individual.
Which type of interpersonal influences would be represented by a project manager that has a command of technology
Answer: expert power
Explanation:
The type of interpersonal influences that would be represented by a project manager that has a command of technology is the expert power.
Expert power is the use of expert knowledge to get ones subordinate to follow orders or instructions given to them. The subordinate believe that the leader has expert knowledge or skills which they don't have.
Which one of the following statements about best practices is false?
a. Because using best practice methodology to perform an activity produces superior outcomes, those outcomes serve as a benchmark or standard for determining how well a particular organization performs that activity.
b. The more that a company's organizational units use best practices in performing their work, the closer the company moves toward performing its value chain activities more effectively and efficiently.
c. Implementing use of a best practice involves radically redesigning and streamlining how an activity is performed, with the intent of achieving quantum improvements in performance.
d. A best practice can evolve over time as improvements are discovered.
e. Normally, the best practices utilized by other organizations have to be adapted to fit the specific circumstances of a company's own business and operating requirements.
Answer:
e. Normally, the best practices utilized by other organizations have to be adapted to fit the specific circumstances of a company's own business and operating requirements.
Explanation:
The best practices are the guidelines, ideas that are set by the company in order to run an organization in a better way. It is created by the regulators or the government bodies.
So going through the options, the option e is false as it reflects that it should be fit according to the specific needs and requirements of the business as well as the operating one
So this option would be considered
A logistics synchronization matrix allows joint logistician to monitor progress by which two of the following?
a. displaying the level of risk in which the logistician must operate
b. displaying the logistician's responsibilities for integration
c. displaying the timeline in which the logistician must complete tasks
d. displaying the logistician's critical tasks
Answer:
b. displaying the logistician's responsibilities for integration
d. displaying the logistician's critical tasks
Explanation:
Logistics synchronization matrix is a term that is used to describes an efficiency and decisionmaking mechanism, that enhances contemporary strategic planning and coordinates the subsequent operations or scheduled actions.
Hence, in this case, logistics synchronization matrix allows joint logistician to monitor progress by two of the following:
1. displaying the logistician's responsibilities for integration
2. displaying the logistician's critical tasks
In order to determine the average variable cost, the firm's variable costs are divided by _______________________.
Answer:
total output.
Explanation:
for example, a company manufactures 10,000 units of A. Its total variable costs are $50,000, and its total fixed costs are $25,000.
The average variable cost = $50,000 / 10,000 = $5 per unit of A
The average fixed cost = $25,000 / 10,000 = $2.50 per unit of A
The average total cost = $75,000 / 10,000 = $7.50 per unit of A
Which of the following do not qualify as potential driving forces capable of inducing fundamental changes in industry and competitive conditions?
A) Changes in who buys the product and how they use it, and changes in the long-term industry growth rate.
B) Changes brought about by the entry or exit of major firms, product innovation, and marketing innovation and cost efficiency.
C) Changes in the economic power and bargaining leverage of customers and suppliers, growing supplier-seller collaboration, and growing buyer-seller collaboration.
D) Changes in buyer preferences for differentiated products instead of mostly standardized or identical products.
E) Changes in economies of scale and experience curve effects brought on by changes in manufacturing technology and new Internet capabilities.
Answer:
C) Changes in the economic power and bargaining leverage of customers and suppliers, growing supplier-seller collaboration, and growing buyer-seller collaboration.
Explanation:
Competition is the process by which firms in a market use their unique characteristics to gain a larger market share from other firms.
They use competitive advantages like price, quality, service, and so on to attract more customers to them.
As far as customer still buy the same products, major firms do not come into the market, and new innovation is not introduced, the competitive conditions in the market will be maintained.
A changes in the economic power and bargaining leverage of customers and suppliers will not change competitive climate. Because buyers are not changing preferences.
They maintain the suppliers they were doing business with.
Noah is in the process of getting organized. Which of the following actions should he take during this time? Check all that apply.A. Noah should inform his employees of the activities he wants them to do for him.B. Noah should put all of his important projects into a calendar that he looks at every day.C. Noah should get to work and take action on all of his organized projects and commitments.D. Noah should write down a list of all of the actions he needs to take so that he will have a reminder of what he needs to do when he needs to do it.
Answer:
B. Noah should put all of his important projects into a calendar that he looks at every day.
D. Noah should write down a list of all of the actions he needs to take so that he will have a reminder of what he needs to do when he needs to do it.
Explanation:
Getting organized means that one is putting things into a coherent order to enable them to be able to achieve the things they want to achieve more efficiently. An organized person is able to note the plans that they have, how they want to achieve such plans and the resources they will need to do so as well.
As Noah is getting organized, he should come up with a list of actions he will need to take to achieve his goals and write them down so that he is constantly reminded of them and it does not slip his mind.
A way to remember such actions is to put them into a calendar that he will look at every day. This will remind him that he has things to do and put the pressure on him to do so.
Which of the following marketing variables is concerned with design, quality, and packaging? O A. Promotion O B. Place O C. Price O D. Product SNBMIT
Answer:
promotiopeicen
Explanation:
product
The marketing variable that is concerned with design, quality, and packaging is product. Thus, option (D) is correct.
What is Marketing?Marketing refers to those activities which helps in the selling of the goods and services. It is the concept which starts with the creation of the idea for the fulfillment of the needs of the products. It is ending with receiving the feedback and satisfaction of the customers.
Marketing involves various activities such as product design, promotional activities, market research, quality check, distribution channels and satisfaction of the needs of the customers.
Therefore, it can be concluded that designing of the product and providing it with the optimum quality and attractive packaging is concerned with product variable of marketing mix. Hence, option (D) is correct.
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U.S. corporations account for 45% of global corporate wealth. An investor that has an objective of global investing would
Answer:
Explanation:
An investor that has this objective would spread its investments across both domestic and foreign securities, weighting investments based on performance expectations. This is because global investing focuses on investing in different countries around the world, while targeting the countries that are projected to experience faster growth than the rest of the world. Therefore diversifying the individual's portfolio in many of these types of countries would follow a global investment strategy.
What is the risk posture for each particular system as it contributes to the overall risk posture of the organization
Please find attached full question Answera and Explanation:
Risk posture or cybersecurity posture is the general status or overall defense of the cybersecurity program in place in an organization to guard against cyber attacks and data breaches. For a company to maintain reasonable cyber security posture as there is no fool proof cybersecurity posture, there is need for regular continuous assessment of risk exposures and potential loopholes across the company's digital infrastructure. There are different digital and sophisticated infrastructures utilized by am organizations and most if not all are well prone to cyber attacks. These infrastructures are used by employees for work e. g-email, went servers, phones, networking devices and cloud programs etc . Therefore each employee must be educated in the need to safeguard company data by looking out for traps set by cyber attackers such as phishing in email and many other loopholes. Vulnerability tests need to be performed at regular intervals and reports monitored and analyzed to protect against a potential source of cyber attack.
"If the previous chart measures CaliMart’s revenues in millions of dollars, how much money did CaliMart make in 2005"
Answer: $12 million
Explanation:
In 2009, Cali made a revenue of $26 million.
In 2005, Cali made a revenue of $14 million.
= 26 - 14
= $12 million
Cali made $12 million more in 2009 than in 2005.
Advanced Products Corporation has supplied the following data from its activity-based costing system:Overhead Costs:Wages and salaries $300,000Other overhead costs 100,000Total overhead costs $400,000Activity Cost Pool Activity Measure Total ActivitySupporting direct labor Number of direct labor-hours 20,000 DLHsOrder processing Number of customer orders 400 ordersCustomer support Number of customers 200 customersOther This is an organization-sustaining activity Not applicableDistribution of Resource Consumption Across ActivitiesDirect Labor Support Order Processing Customer Support Other TotalWages and salaries 40% 30% 20% 10% 100%Other overhead costs 30% 10% 20% 40% 100%During the year, Advanced Products completed one order for a new customer, Shenzhen Enterprises.This customer did not order any other products during the year.Data Concerning the Shenzhen Enterprises Order:Units ordered 10 unitsDirect labor-hours 2 DLHs per unitSelling price $300 per unitDirect materials $180 per unitDirect labor $50 per unitRequired:1. Prepare a report showing the first-stage allocations of overhead costs to the activity cost pools.2. Compute the activity rates for the activity cost pools.(Round "Direct labor support" to 2 decimal places)3. Compute the overhead costs for the order from Shenzhen Enterprises, including customer support costs.
Answer:
1. First stage allocations of overhead costs to the activity cost pool
D.L.S$ O.P$ C.S$ Others$ Total$
Wages and Salaries 120,000 90,000 60,000 30,000 300,000
Other overhead costs 30,000 10,000 20,000 40,000 100,000
Total Cost 150,000 100,000 80,000 70,000 400,000
Note: D.L.S = Direct labor support, O.P = Order processing, C.S = Customer support
2. Computation of activity rates
Direct labor support
Total cost = $150,000
Total Activity = 20,000 direct labor hours
Activity rate = $150,000 / 20,000 DHL = $7.50 per DHL
Order Processing
Total cost = $100,000
Total Activity = 400 Orders
Activity rate = $100,000 / 400 DHL = $250 per Order
Customer Support
Total cost = $80,000
Total Activity = 200 Customers
Activity rate = $80,000 / 200 Customers = $400 per Customers
3. Computation of the overhead costs for the Shenzhen Enterprises Order
Direct labor Support
Activity Rate = $7.50 per DLH
Activity = 20 DHL
Cost = $7.50 per DHL* 20 DHL = $150
Order processing
Activity Rate = $250 per order
Activity = 1 order
Cost = $250 per order * 1 order = $250
Customer support
Activity Rate = $400 per customer
Activity = 1 Customer
Cost = $400 per Customer * 1 Customer = $400
Total Overhead Cost = $150 + $250 + $400
Total Overhead Cost = $800
Total Overhead Cost for the Shenzhen Enterprises Order is $800
The activity rate is the ratio between the number of active people (employed and unemployed) and the total number of people involved, this is calculated as one of the significant part of Activity-based Costing.
What is ABC Costing?
Activity-based (ABC) is a cost-effective method that identifies activities in an organization and provides the cost per job for all products and services depending on the actual use of each.
This model, therefore, offers an overhead cost over direct costs compared to normal costs.
1. As per the information provided, the report showing the first-stage allocations of overhead costs to the activity pools is calculated and presented in the image below.
2. Calculation of activity rates of Advanced Products Corporation:
[tex]\rm\,Direct\; Labor \;Support:\\\\Total \;Cost = \$150,000\\\\Total \;Activity = 20,000 Direct\; Labor\; Hours\;(DLH)\\\\Activity \;Rate = \dfrac{\$150,000}{20,000} \rm\,DLH\\\\ Activity \;Rate =\$7.50 \;per\; DLH[/tex]
Calculating further the activity rate of Order processing and customer support:
[tex]\rm\, Order \;Processing:\\\ \rm\,Total \;cost = $100,000\\\\ \rm\,Total \;Activity = 400 Orders\\\\\\rm\,Activity\; rate = \dfrac{\$100,000}{400}\rm\,Direct \,Labour \,Hours \\\\\\\rm\,Activity rate == $250\; per\; Order\\\\\ \rm\,Customer Support:\\\\ \rm\,Total \;Cost = $80,000\\\\ \rm\,Total\; Activity = \rm\,200\; Customers\\\\ \rm\,Activity \;rate = \rm\, \dfrac{\$80,000}{200 }\;Customers\\\\\rm\, Activity \;rate = \rm\,\$400 \rm\,\;per\; Customers[/tex]
3)Computation of the overhead costs for the Shenzhen Enterprises Order:
[tex]\rm\,Direct \;labor \;Support:\\\\Activity \;Rate = $7.50 \;per \;DLH\\\\Activity = 20 \;DLH\\\\\rm\,Cost = \$7.50 \rm\, Per DHL \times 20 \rm\,DHL \\\\\rm\,Cost = \$150[/tex]
[tex]\rm\,Order \;processing:\\\\Activity\; Rate = \$250 per \;order\\\\Activity\; = 1 \;order\\\\Cost = \$250 \rm\;per \;order \times 1 \;order \\\\Cost = \$250[/tex]
Calculating further the activity rate of customer support:
[tex]\rm\,Customer\; support:\\\\Activity \;Rate = \$400 \;per\; customer\\\\Activity = 1 \;Customer\\\\Cost = \$400 \rm\;per \;Customer \times 1 \;Customer \\\\Cost = \$400[/tex]
Total Overhead Cost is ($150 + $250 + $400),Total Overhead Cost for the Shenzhen Enterprises Order is $800
Thus, as per the information, the activity rates of Advanced products corporation and the total overhead costs of Shenzhen Enterprises are calculated by applying the costing method given under ABC Analysis.
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What best practice will you incorporate in your work as a manager today or in the future? Explain why
Answer:
A summary of the specific concern is given throughout the corresponding chapter.
Explanation:
Being a manager, my primary priority will be to ensure effective utilization of the evidence including how it could be integrated throughout my decision-making procedure, this will be particularly important in the potential background as well as having a reasonable decision-making perspective of view considering whether we might have prejudices because of our experience.Second, I'd take care of the employees' loyalty across better interaction. As a common practice, this will involve more regular interactions, including input and suggestions as well including the accompanying accountability.I should strive to integrate culture into every initiative every community and every communication activity conducted to ensure that the alignment throughout the mechanism including the culture's nature and cultural identification remains in harmony.I'd emphasize collaboration and build improved partnerships from the very beginning to give themselves a greater standard of innovation and decision-making autonomy such that everyone could better interact with the project's priorities but objectives, and demonstrate more transparency or ownership.Box a nongovernmental not-for-profit organization had the following transactions during the year:_______Proceeds from sale of investments $80,000 Purchase of property, plant and equipment $10,000 Proceeds from long-term debt $100,000 Loss on sale of investment $5,000What amount should be reported as net cash provided by financing activities in Box's statement of cash flows? a. $70,000 b. $75,000 c. $80,000 d. $100,000
Answer:
d. $100,000
Explanation:
Proceeds from sale of investments belongs to the Investing activities section of cash flow
Purchase of property, plant and equipment $10,000 belongs to the Investing activities section of cash flow
Proceeds from long-term debt $100,000 belongs to the Financing activities section of cash flow
Loss on sale of investment $5,000 belongs to the operating activities section of cash flow
Hence, the net cash provided by financing activities in Box's statement of cash flow is $100,000
Particulars Amount$
Proceed from long term debt 100,000
Net Financing cash flow $100,000