Wisconsin Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $7000. The net book value of the asset was $28,900. Which of the following statements describes the cash effect of the transaction?
A) positive cash flow of $35,900 from financing activities
B) negative cash flow of $21,900 for operating activities
C) negative cash flow of $21,900 for financing activities
D) positive cash flow of $21,900 from investing activities
C) negative cash flow of $21,900 for financing activities
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Calculate the interest on a 270-day, 9% note for $45,000. (Use a 360-day year to compute interest. Round your answer to the nearest dollar.)
A) $6075 B) $3038 C) $4050 D) $338
All of the following options are reasons why the prices of goods and services deviate from the law of one price EXCEPT:
A) sticky prices. B) speculation. C) tariffs and quotas. D) price index.
________ is the most blatant form of sexism.
A. Transsexualism B. Patriarchy C. Gender egalitarianism D. Sexual harassment
For each of the following definitions, indicate the key term from the list that best matches by placing the appropriate definition.A. Term endowmentsB. Annuity agreementsC. CollectionsD. Pooled life income agreementsE. Spending rateF. Total return________1. Agreements to pay the donor the income earned by assets donated to an organization over the specified beneficiary's lifetime________ 2. A comprehensive measure of the rate of investment return, which includes unrealized and realized gains and losses, as well as interest and dividend income________ 3. A contribution that must be retained intact until the happening of a specific event or the passage of a stated period of time________ 4. The proportion of total return that may prudently be used by an institution for current
purposes________ 5. Agreement to pay stipulated amounts periodically to the donor of assets by the recipient organization What will be an ideal response?