1. The theoretical velocity of production is 3 fuel pumps per hour with a theoretical cycle time of 20 minutes per unit.
2. The ideal amount of conversion cost assigned per subassembly is $20 per unit.
1. Compute the theoretical velocity (per hour) and the theoretical cycle time (minutes per unit produced):
Theoretical Velocity (per hour) = Theoretical Capacity / Production Hours
Theoretical Velocity = 450,000 fuel pumps / 150,000 production hours
Theoretical Velocity = 3 fuel pumps per hour
Theoretical Cycle Time (minutes per unit produced) = 60 minutes / Theoretical Velocity
Theoretical Cycle Time = 60 minutes / 3 fuel pumps per hour
Theoretical Cycle Time = 20 minutes per unit produced
2. Compute the ideal amount of conversion cost that will be assigned per subassembly, per unit:
Ideal Conversion Cost per Unit = Conversion Cost per Quarter / Theoretical Capacity
Ideal Conversion Cost per Unit = $9,000,000 / 450,000 fuel pumps
Ideal Conversion Cost per Unit = $20 per unit
3 (a). Suppose the actual time required to produce a fuel pump is 40 minutes. Compute the amount of conversion cost actually assigned to each unit produced, per unit:
Actual Conversion Cost per Unit = Ideal Conversion Cost per Unit * (Actual Time / Theoretical Cycle Time)
Actual Conversion Cost per Unit = $20 per unit * (40 minutes / 20 minutes)
Actual Conversion Cost per Unit = $40 per unit
3 (b). What happens to product cost if the time to produce a unit is decreased to 25 minutes, per unit:
Actual Conversion Cost per Unit = Ideal Conversion Cost per Unit * (Actual Time / Theoretical Cycle Time)
Actual Conversion Cost per Unit = $20 per unit * (25 minutes / 20 minutes)
Actual Conversion Cost per Unit = $25 per unit
The product cost per unit decreases from $40 to $25 if the time to produce a unit decreases to 25 minutes.
4. Assuming the actual time to produce one fuel pump is 40 minutes, calculate MCE (Manufacturing Cycle Efficiency). If required, round your answer to two decimal places:
MCE = Theoretical Cycle Time / Actual Cycle Time
MCE = 20 minutes / 40 minutes
MCE = 0.50
The Manufacturing Cycle Efficiency (MCE) is 0.50, indicating that there is room for improvement in the production process.
To calculate the non-value-added time and its cost, we need additional information on the breakdown of the actual time spent in the production process and the associated costs. Without that information, we cannot determine the exact non-value-added time and its cost per unit.
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Angie needs a new dishwasher. She saw a great sale on the model she wanted and went down to her local appliance store. When she got there, the store owner said that they no longer had that dishwasher, but they would be happy to sell her a different model at a higher price. Why might the Federal Trade Commission be willing to look into this?
A.
It is false advertising.
B.
It is creating an invalid debt.
C.
It is preventing fair competition.
D.
It is an improper debt collection.
Answer:
A. It is false advertising.
Explanation:
Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.
The Federal Trade Commission (FTC) is an agency of the government of the United States of America saddled with the responsibility of promoting consumer protection and the enforcement of all civil antitrust laws.
Basically, the laws formulated or established by the FTC are to provide protection for consumers of various goods and services while requiring that businesses do not make false claims about them.
Furthermore, the consumer protection laws enforceable by the Federal Trade Commission (FTC) guarantees truthful information in the marketplace at all times. This is achieved by requiring that business firms only make claims about their products and services that can be proven.
In this scenario, the Federal Trade Commission might be willing to look into this issue (advert of the dishwasher model) because it is false advertising.
In, 2022, Thunder Bluff Steak House, began the year with $50 of accounts receivable and ended the year with $55 of accounts receivable. The company reported credit sales of $300 and collected $285 cash from customers. How much of the accounts receivable did the company write off? (hint use a T account for Accounts receivable).
In 2022, Thunder Bluff Steak House started with $50 of accounts receivable and ended the year with $55 of accounts receivable. The company recorded $300 in credit sales and received $285 in cash from customers. To determine how much of the accounts receivable the firm wrote off, we need to use a T account for accounts receivable.Here is a T-account for Accounts Receivable
In 2022, Thunder Bluff Steak House started with $50 of accounts receivable and ended the year with $55 of accounts receivable. The company recorded $300 in credit sales and received $285 in cash from customers. To determine how much of the accounts receivable the firm wrote off, we need to use a T account for accounts receivable.Here is a T-account for Accounts Receivable:By putting in the numbers given to us in the problem, we get the following:DebitCredit Beginning Balance$50 Credit Sales $300Collections($285)Ending Balance$55The company began with an accounts receivable balance of $50 and ended the year with a balance of $55. As a result, we can infer that the company did not write off any accounts receivable during the year.The sum of the credit sales and the ending balance ($300 + $55) equals $355, which is the total amount that the company billed customers during the year. The amount that was collected in cash ($285) was subtracted from the $355, resulting in $70, the sum of accounts receivable that were outstanding at year-end. Thus, no write-off was made by the company.More than 100 words
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which of the following is not an objective of the budgeting process? group of answer choices to communicate management's plans throughout the entire organization. to provide a means of allocating resources to those parts of the organization where they can be used most effectively. to ensure that the company continues to grow. to uncover potential bottlenecks before they occur.
A company can focus on making their fund allocations as accurate as possible by using the financial process of budgeting.
In order to figure out what went wrong during the budget process, these budgets are frequently compared to the actual outcomes.
Which kind of budgeting is typically used to allocate resources for a strategic plan?
Because it is straightforward and simple to comprehend, incremental budgeting is the most prevalent type of budget.
Which three kinds of budgeting are there?
Surplus Budget, Balanced Budget, and Deficit Budget are the three types of annual estimates-based government budgets.
Planning and controlling both depend heavily on budgeting. Plans that identify an organization's goals and the actions required to achieve them are expressed quantitatively in budgets. Operations are based on them.
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.
Explain to NT the reasons why NGO's and CBO'S form part of the market
environment.
Answer:
Explanation:
As a result, NGOs can interface easier with the sector and generally have more access to information and resources, while CBOs are formed by people as a way of responding to the needs and challenges facing their communities. However, in some instances it is the CBOs that do the work the NGOs receive funding for
The reason for NGO and CBOS for part of the market environment should be explained below.
Reasons:Since NGOs could interface easier along with the sector and normally have more access to information and resources, while on the othe rhand CBOs are created by people this represent responding to the needs and challenges that are faced by the communities. But, in some situations, it is the CBOs that do the work the NGOs collecting the funding.
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"Imagine that your high school or college has been overrun with zombies. Your math professor, the cafeteria ladies, and even your best friend have all joined the walking dead. Flesh out a plan to avoid the zombies, including where you’d hide and the top-five things you’d bring to stay alive." (250 words or less)
Get out of the way when a zombie surges toward you by moving aside, grabbing them, and pushing them through. Utilize their own momentum to trip them, keep them moving past you, or otherwise cause them to fall.
Hand-to-hand fighting with a zombie should only be intended to get you away from them and should be extremely brief. The scientists calculated that it would take around 1,000 days, or 2.7 years, for humans to exterminate every zombie under these circumstances.
The human population would then need another 25 years to begin to recover from the onslaught. My backpack, any sharp things or lighters I could locate in the band room, any heavy sporting equipment I could discover, some pencils and pens, and teacher desks would all be taken.
I would probably look for a place where only one person could potentially be and murder them, like the principal's office or a counselor's office. I would seclude myself indoors and prepare whatever cafeteria food was available. There would be a microwave in the workplace.
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I will give brainlest please help.
Answer:
Errrr, I mean I forgot most of this :p
Explanation:
Sorry :c
suppose that the national football league, a professional sports league, makes sure local games are not available on local television unless games sell out. in which of the following problems of monopoly is the firm or organization engaging? a) rent seeking behavior b)price markup c)deadweight loss d) lack of choice for consumers
The NFL is engaging in the problem of "lack of choice for consumers" by restricting local games on local television unless games sell out.
The NFL's policy of only allowing local games on television if they are sold out limits the choices available to consumers who cannot attend the game in person. This policy effectively creates a monopoly on access to the game, where only those who can afford to attend the game in person or pay for cable/satellite packages can watch their local team play. This lack of choice for consumers is a significant problem for many fans who cannot afford to attend the game or pay for expensive cable/satellite packages.
The NFL's policy of restricting local games on local television unless games sell out is a clear example of the lack of choice for consumers caused by monopoly behavior. This policy limits access to local games and creates a significant barrier for many fans who are unable to attend the game in person or pay for expensive cable/satellite packages.
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Following the 2007-2009 financial crisis, many people feared that Greece might leave the euro and resume using the drachma. If that happened, the drachma might be worth less than the euro. When using fiat money like the drachma, the key to acceptance is that households and firms have confidence that if they accept drachma in exchange for goods and services, the drachma will not lose much value during the time they hold them. If sellers were not willing to accept the drachma in exchange for goods and services, the drachma would not serve as
Answer:
A medium of exchange
Explanation:
A medium of exchange is a system where it is used to facilitate the sale, purchase, trading of the products & services between the parties
Since in the given situation, it is mentioned that the seller would not willing to accept the drachma in exchange of goods & services so here the drachma would not be served as a medium of exchange
hence, the same would be relevant
How does persistent favorable variances in an employees cost
performance create a management challenge? Wouldn't we want all our
employees creating favorable variances?
Persistent favorable variances in an employee's cost lead to employees creating favorable variances.
Persistent favorable variances in an employee's cost create an environment where employees are motivated to continue working efficiently and effectively. When employees are aware of their performance being measured and evaluated, it encourages them to work hard and achieve the desired results. This, in turn, leads to employees creating favorable variances. The favorable variances created by employees ultimately lead to a reduction in overall costs and an increase in profits for the organization. Furthermore, it helps in improving employee morale and productivity, which is beneficial for both the employees and the organization.
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Can someone pls help me write a cover letter for a resume
The data on price and quantity purchased relating to a commodity for 10 months are given
below:Calculate coefficient of correlation between price and quantity.
Price and number of goods purchased are inversely correlated. Consequently, price rises as quantity rises.
What is data on price ?Pricing Data is accurate information on the costs of goods that are strikingly comparable to those being purchased. Prices are used interchangeably in this definition to refer to actual selling prices as well as suggested or prospective selling prices. Data pertinent to both primary and subcontract prices are referred to in the definition. Data may consist of specific costs, weights, addresses, names, ages, temperatures, dates, or distances, for instance. Data is a basic type of knowledge and has no meaning or use by itself. In other words, facts must be interpreted in order to have any significance. A pricing list again for new term has been sent by the Contractor to authorized buyers.
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we can use the existence of arbitrage and the idea of uncovered interest parity to assume that any interest rate differential between two currencies must be, all other things equal, offset by:
Uncovered pastime arbitrage is a structure of arbitrage that entails switching from a home forex that consists of a decrease activity fee to a overseas forex that gives a higher price of hobby on deposits
Can you use arbitrage to justify uncovered interest rate parity?It is one form of activity price parity (IRP) used alongside included hobby charge parity. If the uncovered hobby price parity relationship does not hold, then there is an opportunity to make a nontoxic earnings using forex arbitrage or Forex arbitrage.
Why is the uncovered hobby charge parity UIRP no longer an arbitrage condition?Capital mobility in the market: The uncovered activity fee parity assumes best capital mobility in the market. Non-arbitrage condition: UIRP follows a no-arbitrage circumstance in the UIRP equation. If the situation is violated, a dependable return exists, and an possibility to make a nontoxic earnings unfolds.
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https://brainly.com/question/15296824#SPJ4What is the basis of the law of demand?
Group of answer choices
Self-interested behavior
Marginal utility
Utility curves
Market timing
market timing
Explanation:
because that way u wont miss customers
Please Help!
What type of business ownership is Microsoft?
Is Microsoft Product or service provided?
What type of security system is used to ensure privacy and security of customers when making a purchase online?
Describe the return policy of Microsoft.
Would you patronize this business if you are a customer? Why or why not?
Answer:
Microsoft is a technology company. It started off as a partnership. It is both product and service provided. A data security system is used to ensure privacy and security. In my opinion, Microsoft has a good return policy. It is easier for their items to be more reliable on not being used, or tampered with. I would patronize this company, because I think that it is reliable and easy to work with.
Explanation:
Suppose that the local daily demand for iced coffee drinks is given by the demand function: Q=300-25P, where P is the price of an iced coffee drink.
a. Construct this demand curve in black. Place the quantity of iced coffee drinks demanded on the horizontal axis and the price of an iced coffee drink on the vertical axis.
b. Suppose that iced coffee drinks are a normal good, and that consumers’ incomes fall. The demand for iced coffee drinks decreases by 50 units at every price. What is the new demand function (i.e., equation)?
c. Suppose that iced coffee drinks are a normal good, and that consumers’ incomes fall. The demand for iced coffee drinks decreases by 50 units at every price. Construct the new demand function in blue.
a. To construct the demand curve, we can first use the demand function provided, Q=300-25P. To plot this on a graph, we can plug in different values of P to find the corresponding values of Q. For example:
When P = 0, Q = 300-25(0) = 300
When P = 1, Q = 300-25(1) = 275
When P = 2, Q = 300-25(2) = 250
We can plot these points on a graph with Q on the horizontal axis and P on the vertical axis, and connect them to form the demand curve.
b. The new demand function would be Q = 250-25P.
c. To construct the new demand function in blue, we can start with the same process as before, using the new demand function, Q = 250-25P.
For example:
When P = 0, Q = 250-25(0) = 250
When P = 1, Q = 250-25(1) = 225
When P = 2, Q = 250-25(2) = 200
We can plot these points on the same graph as before, but this time use blue color to distinguish it from the previous demand function.
a ________ permits the consumer to monitor specific auctions of interest, requiring the consumer to pay close attention only in the last few minutes of bidding.
A "sniping tool" permits the consumer to monitor specific auctions of interest, requiring the consumer to pay close attention only in the last few minutes of bidding.
Sniping is a strategy where a bidder waits until the final moments of an interest auction to place a winning bid, often using automated software or tools. By utilizing a sniping tool, the consumer can set their desired maximum bid and allow the tool to place the bid in the closing minutes or seconds of the auction, monitor increasing the chances of winning while minimizing the need for continuous monitoring or early bidding. This strategy aims to prevent other bidders from outbidding minutes at the last moment while minimizing the exposure of the consumer's bidding intentions.
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The main source of finance for public corporations is s _ _ _ _ f _ _ _ _ _ _ (from t _ _)
Answer:
tax
Explanation:
the tax is a national practise carried all over the country
Which results are more likely for someone without personal finance skills? Select three options.
larger long-term credit or loan costs
less preparation for emergencies
fewer utility expenses
simple long-term investment strategies
increased long-term challenges
Answer:
1,2 & 5
Explanation:
Answer:
1, 2, 5
Explanation:
edge 2021
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Economists define capital as money used to start a business.
True
False
Answer:
False
Explanation:
Economists define capital as money used to start a business. The given statement is False.
Capital is the money a business requires to operate and grow. Cash on hand, accounts receivable, close cash, equity, and capital assets are typical kinds of capital.
What does capital mean in economics?A factory and its equipment, intellectual property like patents, or financial assets owned by a firm or individual are all examples of things that offer their owner value or an advantage. Despite the fact that money can technically be considered capital, the term is typically used to refer to funds utilized for investments or the production of goods.
The money a company has on hand to cover both its ongoing expenses and potential future expansion is known as capital. Working capital, debt, equity, and trade capital are the four main types of financial resources. Financial entities such as brokerages and others employ trading capital.
Thus, the given statement is untrue.
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What ethical dilemmas do you think professionals in the marketing and advertising industry face? Explain.
Answer:
knowing how to play on emotions but also not make people feel like terrible human beings?
Explanation:
Which of the following will cause an inward shift in the demand for steaks at a restaurant? a. A report by the American Medical Association states that the consumption of steak reduces the risk of cardiovascular disease
b. A 50 percent reduction in the price of steaks
c. A double-digit increase in the price of chicken
d. A recession leading to a significant fall in the income levels of consumers
e. The expectation that the price of steaks will double within two months
The factor that will cause an inward shift in the demand for steaks at a restaurant is d. A recession leading to a significant fall in the income levels of consumers. The correct option is D.
When people experience a decrease in their income due to a recession, they tend to cut back on non-essential expenses, including dining out and consuming luxury items such as steaks. As a result, the demand for steaks at a restaurant will likely decrease, leading to an inward shift in the demand curve.
Option a, stating that steak consumption reduces the risk of cardiovascular disease, would likely increase the demand for steaks, as people may be encouraged to consume more of it for health benefits. Option b, a 50 percent reduction in the price of steaks, would make them more affordable and also increase demand.
Option c, a double-digit increase in the price of chicken, might lead people to switch from chicken to steak, resulting in higher demand for steaks.
Option e, the expectation that the price of steaks will double within two months, could potentially increase demand in the short term as people stock up, but it would not necessarily cause an inward shift in the demand curve.
In conclusion, the factor that would cause an inward shift in the demand for steaks at a restaurant is a recession that leads to a significant fall in consumer income levels.
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HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
What aspect of today’s business environment is central to the need for robust transaction management processing systems?.
Desire to track the stage of project fulfillment aspect of today’s business environment is central to the need for robust transaction management processing systems.
Transaction processing systems (TPS) handle business transactions for the corporation, supporting overall enterprise operations During transactions, a TPS enables the user or customer to feel reliable and confident. TPS is quick and environment. Errors that occur during data exchanges are reduced in frequency by using TPS in enterprises. A sort of information system called a "transaction processing system" (TPS) gathers, saves, alters, and retrieves the data transactions of an organisation. Transaction processing systems still make an effort to ensure predictable response times to queries.
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1. What is a business plan?
Answer:
It's simple, what you want to do with your business. Or what your planning to do with it.
what kind of technology refers as local technology or indigenous technology ?
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
Explanation:
Which one of the four factors of copyright is MOST important?
Answer:
the purpose and character of the use i think
Explanation:
What are the possible learning opportunities for students through the production of digital media artifact?
A learning artefact, also known as an educational artefact, is something that students make while they are taking a class. An item must be long-lasting, strong, accessible to the public, and physically present in order to qualify as an artefact.
The idea of making knowledge visible is a key idea in the constructionist philosophy of educational psychology. One method for enabling students to demonstrate their knowledge in front of an audience is through the production of tangible objects (usually the classroom). Paintings, sketches, sculptures, models, and other non-erasable creations can all be considered artefacts. Students make evocative items in order to display their expertise.These artefacts' production and display give students the chance to participate, revise, and get criticism.
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if megan is willing to sell her burger to larry while at the wendy’s restaurant, she would purchase another burger immediately, since the value of the burger ($2.00) remains higher than the price of the burger ($1.00).
Assuming Yvette's cost of waiting in line is zero, the lowest offer that Yvette would accept in exchange for her burger is $1.75. The lowest price she should accept in exchange for her burger is $2.75. The minimum price at which Yvette is willing to sell her Double Stack burger to Jack increases the longer she has to wait in line.
The effect of transaction costs on decision-making is that they can influence the willingness of individuals to buy or sell goods. Transaction costs include both explicit costs, such as the cost of transportation, and implicit costs, such as the opportunity cost of time spent acquiring a product.
In the scenario, Yvette values her first Double Stack burger at $2 and places no value on additional burgers. Her demand curve is plotted on the graph, and the area representing her consumer surplus from purchasing a burger is shaded with a green rectangle.
Yvette purchased the first burger for $1 and is now enjoying it. Jack offers to buy Yvette's burger instead of waiting in line himself. The table shows some hypothetical offers Jack might make for the burger.
To compute Yvette's consumer surplus, we need to calculate the difference between the value she receives and the price she pays.
When Yvette buys the burger for $1 and refuses Jack's offer, her consumer surplus is $2 - $1 = $1.
Next, we need to compute the consumer surplus when Yvette buys the first burger for $1, sells it to Jack at each price listed, purchases another burger for $1, and consumes it.
Assuming Yvette's cost of waiting in line is zero, her consumer surplus from these transactions is as follows:
- For an offer price of $1.25: $2 - $1.25 + $2 - $1 = $1.75
- For an offer price of $1.75: $2 - $1.75 + $2 - $1 = $0.25
- For an offer price of $2.25: $2 - $2.25 + $2 - $1 = -$0.25
Therefore, the lowest offer that Yvette would accept in exchange for her burger is $1.75.
Now, let's consider the cost of waiting for a Double Stack burger. Yvette values each minute of her time at $0.25, and the wait for a burger is 2 minutes.
The cost of obtaining a burger for Yvette is now the sum of the price and the value of her time.
For an offer price of $1.25: $1.25 + ($0.25 * 2) = $1.75
For an offer price of $1.75: $1.75 + ($0.25 * 2) = $2.25
For an offer price of $2.25: $2.25 + ($0.25 * 2) = $2.75
Therefore, the lowest price Yvette would accept from Jack in exchange for her burger, considering the cost of waiting, is $2.75.
In conclusion, the minimum price at which Yvette is willing to sell her Double Stack burger to Jack increases the longer she has to wait in line.
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Based on what we are learning in Chapter 2, who are the various stakeholder groups that a business
should be paying attention to?
Based on what we are learning in Chapter 2, there are several stakeholder groups that a business should be paying attention to.
These groups are individuals or organizations that are impacted by the actions of the business and can have a significant influence on the success or failure of the organization.
The first group is customers, who are the primary source of revenue for any business. It is important for a business to understand the needs and preferences of its customers and to provide high-quality products and services to meet those needs.
Another group is employees, who are critical to the success of the business. A company must provide a safe and healthy work environment, fair compensation and benefits, and opportunities for growth and development to retain employees and maximize their productivity.
Investors and shareholders are also important stakeholders. They provide capital to the business and expect a return on their investment. It is important for the business to maintain financial stability and provide regular updates on performance to these stakeholders.
Finally, communities and society at large are important stakeholders. A business must consider the impact of its actions on the environment and the community and strive to be a good corporate citizen. This includes ethical and socially responsible behavior and engagement in philanthropic activities.
Overall, businesses must pay attention to a wide range of stakeholder groups in order to achieve long-term success and sustainability.
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Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Dec. 31, 2018 Dec. 31, 2017 Property, plant, and equipment $ 563,000 $ 294,000 Accumulated depreciation 286,000 237,000 Income Statement: 2018 Depreciation expense $ 105,000 Gain on sale of property, plant, and equipment 26,000 During the year, PPE with a book value of $23,000 were sold. In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of property, plant, and equipment" for $ _________.
Answer:
$292,000
Explanation:
price of old equipment sold = $26,000 + $23,000 = $49,000 (cash inflow)
new equipment purchased = $563,000 - $294,000 + $23,000 = $292,000 (cash outflow)
cash flow from investing activities:
cash disbursed for purchasing new equipment = ($292,000)
cash received from sale of old equipment = $49,000
net cash flow from investing activities = ($243,000)