Ask Question
BusinessBusiness
30 January, 05:56

Geller Florist Inc. had the following transactions during 2015:

Purchased a $200,000 warehouse with $50,000 cash and a $150,000 mortgage from a bank.

Raised $100,000 from selling new shares of stock to investors. The cash was used to buy land to grow tulips.

Sold an old building for $50,000 (and suffered a loss on sale of $5,000) and used the cash to buy a new truck.

What is the net impact of these transactions on Geller's Cash from Investing Activities during 2015

+5
Answers (1)
  1. 30 January, 06:14
    0
    - $300,000

    Explanation:

    Net cash flow from investing activities:

    = Cash paid for purchasing a warehouse + Cash paid for purchase a land + Cash proceeds from sale of building + Cash paid to buy a new truck

    = ( - $200,000) + ( - $100,000) + $50,000 + ( - $50,000)

    = ( - $300,000)

    Therefore, the net impact of these transactions on Geller's Cash from Investing Activities during 2015 is ( - $300,000).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Geller Florist Inc. had the following transactions during 2015: Purchased a $200,000 warehouse with $50,000 cash and a $150,000 mortgage ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A chocolatier produces truffles and sells each 1 pound box of truffles for $20. However, the chocolatier knows that some consumers would be willing to pay more than the cost of the chocolate, but less than $20 per pound, and wishes to sell truffles
Answers (1)
What is a check written by a bank on its own funds called?
Answers (1)
During the current year, the company had the following summarized activities: Purchased short-term investments for $10,000 cash. Lent $5,000 to a supplier, who signed a two-year note.
Answers (1)
The government increases taxes. What might be a reason for this change in fiscal policy? A deficit due to improving nationwide public transportation A deficit due to more monies flowing in from investors A surplus due to greater amounts of income
Answers (1)
Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 40000, and ordering cost of $48.
Answers (1)
New Questions in Business
Trueview video ads can be especially effective for driving what goals?
Answers (1)
There are three factors that can affect the shape of the Treasury yield curve (r*t, IP_t, and MRP_t) and five factors that can affect the shape of the corporate yield curve (r*t, IP_t, MRPt, DRP_t, and LP_t).
Answers (1)
Alyson is an employee at Who'd of Thunk It Games, a company that was just purchased by a competitor. The goals set forth by the new management team are extremely ambitious and are placing seemingly insurmountable goals for the employees.
Answers (1)
Making any misleading representations or incomplete or fraudulent comparison of any insurance policies or insurers for the purpose of inducing, or tending to induce, any person to lapse, forfeit, surrender, terminate, retain, or convert any
Answers (1)
Once risks have been identified, how can they be managed?
Answers (1)
Home » Business » Geller Florist Inc. had the following transactions during 2015: Purchased a $200,000 warehouse with $50,000 cash and a $150,000 mortgage from a bank. Raised $100,000 from selling new shares of stock to investors.
Sign Up Forgot Password?