In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment $ 14,100 Purchase of equipment 146,000 Proceeds from the sale of equipment 127,000 Repayment of outstanding bonds 87,500 Purchase of treasury stock 62,500 Issuance of common stock 96,500 Purchase of land 116,000 Increase in accounts receivable during the year 43,500 Decrease in accounts payable during the year 75,500 Payment of cash dividends 35,500 Net cash flows from investing activities for the year were: Multiple Choice $135,000 of net cash provided. $120,900 of net cash used. $254,000 of net cash used. $222,500 of net cash provided. $135,000 of net cash used.

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Kubin company’s relevant range of production is 24,000 to 31,000 units. when it produces and sells 27,500 units, its average costs per unit are as follows: