
EBK BUSINESS & PROFESSIONAL ETHICS FOR
8th Edition
ISBN: 8220103648523
Author: DUNN
Publisher: CENGAGE L
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A restaurant purchased new kitchen equipment for $35,000. Old kitchen equipment was sold for $800. A long-term investment was sold for $40,000. Equity stock was bought back (repurchased) for $12,000, and a cash dividend was paid in the amount of $40,000. The company increased its long-term debt by $70,000. Determine the net cash flow from investing activities. Provide answer
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- Give me Answerarrow_forwardwhat is the present value of the notearrow_forwardSummit Manufacturing has annual fixed costs totaling $140,000 and variable costs of $4 per unit. Each unit of the product is sold for $18. The company expects to sell 15,000 units this year. How many units must be sold to earn an annual profit of $60,000?arrow_forward
- Davidson Corp., which began business at the start of the current year, had the following data: . Planned and actual production: 50,000 units Sales: 45,000 units at $18 per unit Production costs: • Variable cost per unit: $6 • Total fixed production cost: $300,000 What is the gross margin that the company would disclose on an absorption-costing income statement? A. $0 B. $150,000 C. $270,000 D. $390,000arrow_forwardWhat is A & B?arrow_forwardFinancial Accountingarrow_forward
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