What is the amount of net cash from investing activities

Assignment Help Accounting Basics
Reference no: EM132608487

Question - JJ's Diner bought an automatic pancake maker for $4,000, received $1,200 for the sale of the machine, and repaid a $2,000 loan. What is the amount of net cash from (or used for) investing activities?

a. $3,200

b. ($2,800)

c. ($4,800)

d. $5,200

Reference no: EM132608487

Questions Cloud

Compute the capitalized cost of the land : Property taxes paid were $3,200, of which $270 covered the period subsequent to the purchase date. Compute the capitalized cost of the land
Antivirus protection : How often should you update your antivirus protection? Is the manual quick scan good enough protection for a system?
How much cash did it pay to suppliers : Very Good Building Company had the following accounts in 2018 and 2019: Net Income $275,000. How much cash did it pay to suppliers
Explain the key differences between the two approaches : Explain the key differences between the two approaches considering: Control risk, control testing and amount of substantive testing required
What is the amount of net cash from investing activities : JJ's Diner bought an automatic pancake maker for $4,000, received $1,200 for the sale of the machine, What is the amount of net cash from investing activities
Satellite communication solutions : Some businesses have no alternative but to use satellite communication solutions.
Evaluate the heat transfer rate through a sphere : Using Fourier's Law of heat conduction q/A = -k dT/dx, Evaluate the heat transfer rate through a sphere.
What is the rate of heat transfer : What is the rate of heat transfer per unit area through a 1-cm thick stainless steel plate with inside and outside temperature of 110°c and 750c, respectively
Determine the exact after-tax irr for investment : The cost of a new machine is $110,000 and it is expected to reduce the labour cost by $30,000 per year. The salvage value of the machine

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is Gordons capital loss deduction

Gordon Grumps is married and ?les separately. Gordon's taxable income is $6,000. What is Gordon's capital loss deduction for 2019 and his carryover

  Determine unit production costs for material and conversion

Ro-Day-O Inc. manufactures belt buckles in a single-step production process. Determine the unit production costs for material and conversion

  For the september through december period sales totaled

carmen began operations in 2013. the following selected transactions occurred from september 2013 through march 2014.

  Determine the under applied manufacturing overhead

Determine the under applied manufacturing overhead at year-end

  What is the amount of gain and the character fo the gain

What is the amount of gain and the character fo the gain on the sale of the building? How much depreciation was allowed for 2014?

  Compute the cash collections from sales for each month from

the following is the sales budget for segura inc. for the first quarter of 2013 januaryfebruarymarchnbspnbspsales

  Calculate the net present value

The new sewing machine would be depreciated according to the declining-balance method at a rate of 20%. Calculate the net present value

  Prepare an amortization to record the amortization

On January 1, 2015, Krishna Company issued $100,000 of five-year, Prepare an amortization to record the amortization of the premium or discount

  Shimmer does not sell any other assets during the year and

shimmer inc is a calendar year end accrual method corporation. this year its sells the following long term

  Company has variable costs equal to 40 of sales the

company has variable costs equal to 40 of sales. the company is considering a proposal that will increase sales by

  Maximize the companies profitability

In order to maximize the company's profitability, prepare an analysis that will show which product or products Sportway Corporation should manufacture or purchase.

  As of december 31 2009 valley company has 16920 cash in its

as of december 31 2009 valley company has 16920 cash in its checking account as well as several other items listed

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd