A transaction involving a gain on the sale of equipment affects cash provided (used) by operating and investing activities in a company's financial statement.
When a company sells equipment at a price higher than its book value, it records a gain. This gain is reflected in the statement of cash flows, which demonstrates how cash is generated and utilized within a specific period.
The cash provided by operating activities includes the company's earnings from its primary operations, such as revenue from sales, minus its operating expenses. The gain on the sale of equipment, being a non-operating activity, is typically added back to net income in the operating section to adjust for its impact on cash flow. This is done to show the actual cash generated from the company's core operations, without the influence of a one-time, non-operating transaction like the sale of equipment.
On the other hand, the cash provided (used) by investing activities reflects the company's investments in long-term assets, such as purchasing or selling equipment. In the case of a gain on the sale of equipment, the proceeds from the sale are recorded in the investing section as a positive cash inflow, reflecting an increase in cash due to the transaction.
In summary, a gain on the sale of equipment affects cash provided (used) by operating activities by being added back to net income, ensuring that the cash flow statement accurately reflects the company's operating cash generation. Meanwhile, the cash provided (used) by investing activities reflects the proceeds from the sale, indicating an increase in cash from the transaction.
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if $2,000 is withdrawn from the bank by a customer, the bank's:______.
Liabilities are obligations that a company or individual owes to external parties. the correct answer is that liabilities decrease and assets rise. Thus, option D is correct.
What cause the liabilities decrease and assets rise?
When a customer withdraws $2,000 from the bank, it results in a decrease in the bank's liabilities and an increase in its assets. This is because the bank owes the customer $2,000, which is considered a liability for the bank.
When the customer withdraws the money, the liability to the customer decreases as the bank no longer owes them that amount.
At the same time, the bank's assets increase because it now has $2,000 less in liabilities, which means it has more money available to use for other purposes or to lend to other customers.
Therefore, the correct answer is that liabilities decrease and assets rise.
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The given question is incomplete the complete question is given below:
If $2,000 Is Withdrawn From The Bank By A Customer, The Bank’s Group Of Answer Choices Assets Rise Liabilities Decrease And Assets Rise Assets And Liabilities Decrease Assets Decrease And Liabilities Rise
If $2,000 is withdrawn from the bank by a customer, the bank’s
Group of answer choices
Assets rise
Liabilities decrease and assets rise
Assets and liabilities decrease
Assets decrease and liabilities rise
What are the 4 benefits of SMART goals?
A excellent strategy to organise the actions necessary to accomplish the long-term objectives in your grant is to set precise, measurable, attainable, relevant, and time-bound (SMART) targets. It enables you to turn your grant from a concept into execution.
What are the 4 benefits of setting SMART goals?By making goals specific, measurable, attainable, realistic and time-bound, SMART goals position you for success. The SMART method encourages you to go further, provides you with a feeling of direction and you in organising and achieving your objectives.What are the 4 main purposes of goal setting?The four most crucial results of goal setting are inspiration, vision, accountability and fulfilment (or achievement). Employees that achieve these results are better able to see how they fit into the bigger picture, work toward their goals, and enjoy success with their coworkers.To know more about SMART goals, visit:
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17. State four roles of water as a nutrient in human nutrition. 18. I) What is photosynthesis. II) State two roles played by photosynthesis in an ecosystem.
There are four functions for water as a nutrient in human nutrition: Through sweating and respiration, water helps to control body temperature.
State four roles of water as a nutrient in human nutrition.By assisting in the breakdown of food and the transportation of nutrients, water is essential for digestion and nutrient absorption. Blood volume and pressure are maintained with the aid of water. Water hydrates cells and maintains their structural integrity, which is essential for the healthy operation of organs and tissues. I) Green plants and some other organisms use sunlight, carbon dioxide, and water to synthesise their food, producing oxygen as a byproduct in the process. II) In an ecosystem, photosynthesis serves two functions: Production of oxygen: Photosynthesis is responsible for the creation of oxygen, which is necessary for the survival of many living things, including humans.
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Type the correct answer in the box. Spell all words correctly.
What is a continuous discussion to bring out innovative ideas from employees?
A _____ session is a continuous discussion to bring out innovative ideas from employees. (Using Plato for this)
The name which is given to the session that is a continuous discussion to bring out innovative ideas from employees is called:
BrainstormingAccording to the given question, we are asked to state the name which is given to the session that is a continuous discussion to bring out innovative ideas from employees.
As a result of this, we can see that when a group of workers sit down together to bring out a new idea that would be innovative to their company, then we can say that they are brainstorming because they bring ideas that would improve overall business and profit
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I want to buy a new car. My choices are a red convertible sports car or a full-size pick-up
truck. I chose the convertible. What is my opportunity cost?
make a list of your resources
Answer:
water, air, wood, fire. is that what ur looking for
Explanation:
hlo anyone there to talk with me
hell what do you want to talk about
What is meant by post script?
Answer:
An additional remark at the end of a letter, after the signature and introduced by “P.S.”.
Hope this helps :)
A business receives $5 000 for Rent
Revenue and deposits this amount into its
Bank account. How will this transaction
be recorded?
Answer: Dr Bank $5 000; Cr Rent Revenue $ 5 000
Explanation:
From the information given in the question, we are informed that a business receives $5 000 for Rent
Revenue and deposits this amount into its bank account, this transaction will be recorded thus:
Debit Bank $5000
Credit Rent Revenue $5000
The correct journal entry is written above with regards to the transaction.
What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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in the feba (features, evidence, benefits, agreement) approach to sales, salespeople mention the feature, provide evidence that the feature actually exists, explain the benefits, and then ask whether the buyer agrees with the value of the feature and benefit.
In the FEBA (Features, Evidence, Benefits, Agreement) approach to sales, salespeople follow a structured process to effectively present their product or service.
First, they highlight the key features of the product, then offer evidence supporting the existence and effectiveness of these features.
Next, they explain the benefits the customer will experience, and finally, they ask the buyer if they agree with the value of the feature and benefit, ensuring the customer's understanding and satisfaction.
This method allows for a clear and concise presentation, ultimately helping in making a successful sale.
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What are the types of partnership and examples of each?
Answer:
here you go
Explanation:
Types of partnerships
General partnership. A general partnership is the most basic form of partnership. ...Limited partnership. Limited partnerships (LPs) are formal business entities authorized by the state. ...Limited liability partnership. ...Limited liability limited partnership
The compromise that takes place in group decision-making leading to lower quality and less acceptable decisions being made is known as
a. The leveling effect
b. An assembly effect
c. Groupthink
d. A process loss
e. A and D
The compromise that takes place in group decision-making leading to lower quality and less acceptable decisions being made is known as Groupthink.(C)
Groupthink is a phenomenon that occurs when a group prioritizes conformity and unanimity over critical evaluation and rational decision-making. This can lead to suboptimal outcomes as members suppress their doubts and alternative viewpoints to maintain group harmony.
Groupthink can be recognized by the presence of several symptoms, such as an illusion of invulnerability, collective rationalization, self-censorship, and the illusion of unanimity.
To prevent groupthink, it is important to encourage open discussion, foster an environment where dissenting opinions are valued, and evaluate alternative courses of action.
By being aware of groupthink and actively working to counteract it, groups can make better decisions and avoid the pitfalls associated with this phenomenon.(C)
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Which revision eliminates the pronoun shift in the sentence below? if a student wishes to go on the field trip, they must bring in a permission slip. If a student wishes to go on the field trip, you must bring in a permission slip. If students wish to go on the field trip, he or she must bring in a permission slip. If students wish to go on the field trip, you must bring in your permission slips. If a student wishes to go on the field trip, he or she must bring in a permission slip?
Answer:
D- If a student wishes to go on the field trip, he or she must bring in a permission slip
Explanation:
it's right on edge 2022
The revision that eliminates the pronoun shift in the sentence below is If a student wishes to go on the field trip, he or she must bring in a permission slip. This is further explained below.
What is a permission slip?Generally, A permission slip is simply defined as a form that another institution sends home with a pupil and a parent in which the parent authorizes minors.
In conclusion, a permission slip is required as consent from the guardian.
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How is the technology of spinning the water mill developed? Explain.
Answer:
Explanation:
Water mill technology is based on hydropower meaning that water is used to drive the turbines in a rotation motion.
The wheel is attached to the axle in the center horizontally and water with high pressure and velocity is streamed on it causing the turbine to rotate which operates all the processes in the mill. It can be used for milling, grinding, hammering, etc.
Such processes are used to produce substances like lumber and textiles.
The force of the water's movement drives the blades of a wheel or turbine, which in turn rotates an axle that drives the mill's other machinery, this developed the spinning water mill.
Modern and New Spinning Technologies:
The newer spinning systems developed since then include rotor spinning, air-jet spinning, friction spinning, vortex spinning, electrostatic spinning, core spinning, wrap spinning, twistless spinning, and others. The structures of yarn obtained from these systems are also different and vary in many aspects.
Rotor Spinning – also known as open-end spinning. It uses a carded sliver that is fed onto a succession of single-spiked rollers that run at high speed. These rollers open the sliver so that the fibers can be fed almost individually via an airstream onto a grooved funnel that spins at a fast rate.
The spinning funnel collects a thin layer of fibers that are twisted together as they pass through to form the yarn. This system produces yarn five to ten times quicker than ring-spinning processes, but the structures are harsher, which makes them less popular than ring-spun yarn.
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in humans happens meaning the process needs male and female parent.A.SEXUAL REPRODUCTION B.ASEXUAL REPRODUCTION C.OVULATION D.MENSTRATION
Answer:
A.SEXUAL REPRODUCTION
Explanation:
Sherman, inc. Manufactures chainsaws that sell for $58. Each chainsaw uses $10 in direct materials and $3 in direct labor per unit. Sherman has two activities: machining, which is applied at the rate of $2 per machine hour, and finishing, which is applied at the rate of $20 per batch. This month, sherman made 200 chainsaws, using 1,000 machine hours in 40 batches. What is the gross profit for one chainsaw?
The correct option is B, This month, sherman made 200 chainsaws, using 1,000 machine hours in 40 batches. The gross profit for one chainsaw is $27.
Direct material ( per unit ) = $ 10
Direct labour. ( Per unit ) = $ 3
Therefore manufacturing cost s = 40 batches * $ 20 + 1000 * $ 2 + $ 10* 200 + $ 3 * 200
= 5400
Per unit cost = 5400/200
= $27
Gross profit is the difference between the revenue generated from sales and the cost of goods sold (COGS). It represents the money a company earns before subtracting operating expenses, interest, taxes, and other costs. Gross profit is a key financial metric that indicates the efficiency of a company's production and pricing strategy.
Gross profit is an important metric for businesses because it provides insight into the profitability of their operations. A high gross profit margin indicates that a company is able to produce and sell goods at a cost that is significantly lower than their selling price, which is a positive sign of financial health. Conversely, a low gross profit margin suggests that a company may need to adjust its pricing or cost structure to remain competitive in the market.
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Complete Question:-
Sherman, inc. Manufactures chainsaws that sell for $58. Each chainsaw uses $10 in direct materials and $3 in direct labor per unit. Sherman has two activities: machining, which is applied at the rate of $2 per machine hour, and finishing, which is applied at the rate of $20 per batch. This month, sherman made 200 chainsaws, using 1,000 machine hours in 40 batches. What is the gross profit for one chainsaw?
a. $13
b. $27
c. $30
d. $14
Companies frequently borrow money under an arrangement that requires them to make periodic payments of "interest only" and then pay the principal all at once. If Cisco International borrowed $500,000 (identified as loan A ) at 10% per year simple interest and another $500,000 (identified as loan B) at 10% per year compound interest and paid only the interest at the end of each year for three years on both loans, (a) on which loan did the company pay more interest, and (b) what was the difference in interest paid between the two loans?
Given that the companies frequently borrow money under an arrangement that requires them to make periodic payments of "interest only" and then pay the principal all at once. If Cisco International borrowed $500,000 (identified as loan A ) at 10% per year simple interest and another $500,000 (identified as loan B) at 10% per year compound interest and paid only the interest at the end of each year for three years on both loans.
The formula to calculate the simple interest is given as;Interest = Principal × Rate × TimeThe formula to calculate the compound interest is given as;A = P (1 + r/n)^(nt)Where, P is the principal amount, r is the rate of interest per year, n is the number of times the interest is compounded, and t is the number of years.Company A:Simple Interest:Interest = Principal × Rate × Time= $500,000 × 0.10 × 3= $150,000Compound Interest:Compound Interest (A) = P(1+r/n)^(nt)= $500,000(1+0.1/1)^(1×3)= $665,500 Company
B:Simple Interest:Interest = Principal × Rate × Time= $500,000 × 0.10 × 3= $150,000Compound Interest:Compound Interest (B) = P(1+r/n)^(nt)= $500,000(1+0.1/1)^(1×3)= $665,500Thus, the company paid the same amount of interest on both loans which is $150,000.Therefore, the answers are;(a) The company paid the same amount of interest on both loans which is $150,000.(b) The difference in interest paid between the two loans is 0.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
explain the process of backward planning to create a career pathway?
Nonessential purchases that satisfy consumer wants are discretionary. *
True
False
Answer:True
Explanation:
Select the correct answer.
What does the Electronic Fund Transfer Act do?
O A.
It protects banks from malware and hackers.
O B. It establishes consumer rights relating to electronic banking.
• C.
gives the PCI Security Standards Council the right to monitor banks,
O D.
It defines the illegal activities in which hackers engage.
Answer:
Explanation:
establishes consumer rights relating to electronic banking.
What is the difference between being financially dependent and being financially independent?
Answer:
Being financially dependent means that you depend on the government to help you and being independent means that you are depending on the money you make from work.
Explanation
i know a little about business hope this helps
leaders at wheelworks note that europe is the motherland of cycling, and they publicize that sales consultant kurt begemann raced in europe. this is relevant to the company because:
Based on the information, this is relevant to the company because consumers whose self-concept is connected to European style and multicultural values will be more likely to shop at Wheelworks when they see those values expressed in the store. Thus the correct option is D.
What are leaders?A leader is defined as someone who practices the skill of inspiring and leading individuals or groups of individuals in a certain organization in order to win their support and help them develop by offering greater guidance.
In this example, it appears that buyers who identified themselves as having a sense of European style and cultural values will be more inclined to spend money at Wheelworks when they see those characteristics upheld by the institution.
Therefore, option D is appropriate.
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The complete question is Probably
Leaders at Wheelworks note that Europe is the motherland of cycling, and they publicize that sales consultant Kurt Begemann raced in Europe. This is relevant to the company because:
a. professional cyclists are the top consumer segment for Wheelworks
b. Wheelworks is a European company.
c. most of the customers at Wheelworks are European
d. consumers whose self-concept is connected to European style and multicultural values will be more likely to shop Wheelworks when they see those values expressed in the store.
Outstanding stock of the Whispering Winds Corp. included 39000 shares of $5 par common stock and 13000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Whispering declared and paid dividends of $3900. In 2020, Whispering declared and paid dividends of $11700. How much of the 2020 dividend was distributed to preferred shareholders
Answer:
$6,500
Explanation:
39,000 shares of $5 par common stock
13,000 shares of $10 par 5% non-cumulative preferred stock = $6,500 in preferred stocks dividends per year. Since the preferred stocks are non-cumulative, if they are not paid during one period, that dividend cannot be recovered in future periods.
In 2020, $11,700 were paid in dividends:
$6,500 were paid to preferred stocks$5,200 were paid to common stockstrue or false? agency professionals must contact amazon to request access to their client's seller central account.
The given statement "agency professionals must contact amazon to request access to their client's seller central account." is true because Amazon has a specific process for granting access to a client's seller central account and the account owner must authorize access to the agency professional.
In order to gain access to a client's seller central account on Amazon, agency professionals must contact Amazon and request access. Amazon has a specific process in place for this, and the account owner must authorize access to the agency professional. Unauthorized access to an Amazon seller central account can result in account suspension or other penalties.
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To locate the explanation of the colors on a map, you should look for a a. Compass c. Key b. Scale d. Chart Please select the best answer from the choices provided A B C D
Answer:
C. Key
Explanation:
Answer:
key
Explanation:
given the d2 demand curve for papayas, at a price of $2.00 each, how many papayas are consumers willing and able to purchase?
The demand curve represents the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase.
The specific demand curve for papayas will depend on many factors, such as the availability of substitute goods, consumers' income and tastes, and other economic and non-economic factors. At a price of $2.00 per papaya, the quantity of papayas that consumers are willing and able to purchase can be determined from the demand curve. If the demand curve is downward sloping, it means that as the price of papayas increases, the quantity demanded will decrease and vice versa. The precise quantity of papayas demanded at a price of $2.00 will depend on the shape of the demand curve and the position of the demand curve in relation to the origin. In general, the demand curve can shift to the right if there is an increase in consumer income, a change in taste, or an increase in the population, which would lead to an increase in the quantity demanded at every price. On the other hand, the demand curve can shift to the left if there is a decrease in consumer income, a change in taste, or an increase in the price of substitute goods, which would lead to a decrease in the quantity demanded at every price. In conclusion, the precise quantity of papayas demanded at a price of $2.00 can only be determined by looking at the demand curve for papayas, which would depend on various economic and non-economic factors.
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How can choosing the right institution help you manage money effectively?
Answer:
You may get a better job, or it may make you more responsible. The money is the main thing, you will get paid better, so you wont have to worry abt money i guess.
Explanation:
Vroom Company, a carmaker, partners with The Glass Company on a one-time project to develop a new type of impenetrable glass. What type of partnership is this?
Based on the fact that this was done for a single product, this is called a Project Partnership.
What is a project partnership?Refers to when two or more entities get involved together to run a single project. Often done to improve cost effectiveness and increase the chances of project success.Vroom Company and The Glass Company are partnering together for this single project so this must be a project partnership.
In conclusion, this is project partnership.
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