investing

Discount Sales sells some used store fixtures. The acquisition cost of the fixtures is $12,500, the accumulated depreciation on these fixtures is $9,750 at the time of sale. The fixtures are sold for $4,500. The value of this transaction in the Investing section of the statement of cash flows is: $12,500
$4,500
$2,750
$1,750

  1. 👍
  2. 👎
  3. 👁
  1. $1750 was income. The cost basis at the time of sale was $2750.

    1. 👍
    2. 👎
  2. 12500-9750=2750 what it is worth
    -4500 what is was sold for
    = gain of 1750

    1. 👍
    2. 👎
  3. 4500- the amount sold for

    1. 👍
    2. 👎
  4. 4500

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. SELLING MATH!

    Two stores carry a similar stereo for the same original price of $573. One store offers a 16% discount and the second store sells the stereo for $458.40. Which store gives the bigger percent discount? Justify your answer.

  2. Math

    An electronics store is selling personal CD players. The regular price for each CD player is $90. During a typical two weeks, the store sells 50 units. Past sales indicate that for every $1 decrease in price, the store sells five

  3. Math

    What is the amount of sales tax owed on a $39 jacket if the tax rate is 5%? $1.85 $1.90 $(1.95) $195.00 A flower arrangement was marked down 12.5%. If the flowers originally cost $20, what is the amount of the discount? $2.40

  4. Math

    Two stores carry a similar stereo for the same original price of $573. One store offers a 16% discount and the second store sells the stereo for $458.40. Which store gives the bigger percent discount? Justify your answer.

  1. Math 1 please help

    A clothing store has the sign shown in the shop window. Pani sees the sign and wants to buy 3 shirts and 2 pairs of jeans. The cost of each shirt before the discount is $12 and the cost of each pair of jeans is $19 before the

  2. Statistics

    The daily sales of a retail store are normally distributed with a standard deviation of $500. If the probability that sales will be less than $10,000 in any one day is 40%, what are the mean daily sales?

  3. Algebra 2

    A store has sales of $500 in their first month. If sales increase at a rate of $10 each month, they can be modeled by this equation: es002-1.jpg Use summation notation to model and evaluate the sales for the first ten years.

  4. Math

    The daily production costs C (in dollars per unit) for a manufacturer of lighting fixtures are given by the quadratic function C(X)=800-10X+0.25X2 where x is the number of units produced. How many fixtures should be produced to

  1. English

    What term describes a brief reference in a text to a fictional or historical story, person, or event that readers may be familiar with?(1 oint) A.connection B.background C.narrative D.allusion Identify the allusion in the

  2. Algebra

    Dan works at a hardware store. The employee discount is determined by the formula d = 0.15 (c − 10 ). Use the inverse of this function to find the cost of the item for which Dan received an $18.00 discount. a. Find the inverse

  3. math

    plz i need help Two stores carry a similar stereo for the same original price of $573. Store A offers a 25% discount and Store B sells the stereo for $446.94. Which store gives the bigger percent discount? Justify your answer by

  4. math

    An advertisement states that eight thermometers cost $12.42 minus a 3% discount. Dr. wants to order a dozen to take advantage of the savings, sales tax is 5%. What would the cost be? Is my math right? I divided 8 by $12.42 and got

You can view more similar questions or ask a new question.