If your BAL is at .04

Indicate where each item should be presented in the statement of cash flows (indirect method) using these four major classificat

saw5 [17]

Answer:

a. Payment of interest on notes payable - Operating Activity

b. Exchange of land for patent - Non Cash investing activity

c. Sale of building at book value - Investing Activity

d. Payment of dividends - Financing Activity

e. Depreciation - Operating Activity

f. Receipt of interest on notes receivable - Operating Activity

g. Issuance of Capital Stock - Financing Activity

h. Amortization of patent - Operating Activity

i. Issuance of bonds for land - Non Cash investing activity

j. Purchase of land - Investing Activity

3 0

3 years ago

Assume December 31 is a Wednesday. Weld-Rite Company’s wages are paid every Friday, and the weekly payroll (for five days) amoun

AlexFokin [52]

Answer:

Please see explanation

Explanation:

The following journal entry shall be recorded in the accounts of Weld-Rite Company in respect of salaries expense to be accrued as at December 31:

Debit Credit

Salaries expense $3,600

(6,000/5*3)

Salaries payable $3,600

4 0

3 years ago

Parker Corp., which operates on a calendar year, expects to sell 3,000 units in October, and expects sales to increase 10% each

pogonyaev

Answer:

total revenue = is 99300

Explanation:

given data

expects to sell in October = 3,000 units

expects sales to increase = 10%

Sales price stay constant = $10 per unit

solution

we get revenue hereby the sum of revenue of oct + nov + dec

revenue = price × quantity .........................1

total revenue = is 99300

8 0

3 years ago

2. Below are mixed SWOT factors of KFC case study. Fill the chart to Identify each SWOT factor. (2points each)

Ludmilka [50]

Answer:

Strengths :

1. With over 15,000 establishments in 120 countries, KFC is an internationally recognized venue.

2. Alongside KFC, Taco Bell and Pizza Hut also share the same corporate owner brands. Brands have the influence, power, and resources to improve KFC as a restaurant.

3. KFC became popular thanks to its good chicken

Weaknesses :

1. Serving high-fat foods; considering how health-conscious the public is these days, greasy chicken is not going to cut it anymore.

2. KFC follows a franchise management system, meaning each one is individually managed. It is not uncommon for one KFC to have high reviews while another, just down the street, is collecting bad press.

Opportunities :

1. By maintaining the same price point with new menu options, KFC is positioned to enter a new market without sacrificing the beloved chicken-focused meals

2. KFC is in the prime spot to dive into the vegetarian market. Adding new vegetarian options will improve the relationship between KFC and health-conscious and vegetarian consumers

3. Introduce new products fish and deals menu that will attract more customers.

Threats :

1. Increasing numbers of competitors.

2. Raw material prices are rising.

3 0

3 years ago

A bank reconciliation:Group of answer choicesis a formal financial statementboth A and B are correctis part of a sound internal

Anna [14]

The Correct question reads;

Which of the following statements about bank reconciliations is correct?

a. Should not be prepared by an employee who handles cash transactions

b. Is part of a sound internal control system

c. Is a formal financial statement

d. Both (a) and (b) are correct

Answer:

<u>a. Should not be prepared by an employee who handles cash transactions</u>

<u>Explanation:</u>

It is only a bank that prepares a bank reconciliation statement. So, it is correct to say that a bank reconciliation statement should not be prepared by an employee who handles cash transactions.

3 0

3 years ago