Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 54. maroon and gold company's cash decreased by $8

54. Maroon and Gold Company's cash decreased by $8,000. Cash provided...

90.2K

Verified Solution

Question

Accounting

image
54. Maroon and Gold Company's cash decreased by $8,000. Cash provided by operating activities was $20,000. Net cash used in financing activities was $14,000. Based on this information, the net cash flow from investing activities on the statement of cash flows was: A. a net $8,000 increase. B. a net $14,000 increase. C. a net $6,000 decrease. D. a net $14,000 decrease. 55. Mustang Company produced and sold 10,000 units of its product last year and found that its fixed cost per unit was $27.00. This year, demand for Mustang's product increased such that Mustang is expecting to produce and sell 15,000 of its product, a 50% increase. This increase is within the company's relevant range. Which is true regarding this year's expected fixed cost? A Total fixed cost is expected to be $405,00 B. Fixed cost per unit is expected to be $27.00. C. Total fixed cost is expected to be $270,000. D. Fixed cost per unit is expected to be $40,50

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

what does it mean for a set to be well ordered, countable and compact?

Advance Math
Q

what affect does coronavirus have on our bodies

Biology
Q

Describe the evolutionary psychological perspective on gender differences. Provide an example of a gender difference that...

Psychology
Q

Let R be a ring and f : M ?? N a morphism of left...

Advance Math
Q

A group of mutations, known as MT-ND1, have been identified in mitochondrial DNA. These mutations...

Biology
Q

Part C: Write and solve a system of inequalities to model the following situation: An...

Basic Math
Q

Midgett Co. has accumulated data to use in preparing its annual profit plan for the...

Accounting
Q

Shown is the information needed to prepare a bank reconciliation for Warren Electric at December...

Accounting
Q

On March 1, Mocl Co. began construction of a small building. The following expenditures were...

Accounting
Q

An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct...

Accounting
Q

White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat...

Accounting
Q

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31...

Accounting