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Schach [20]
3 years ago
15

An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Hailey Corp.

uncovered the following items. Assume all items involve cash unless there is information to the contrary.
Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (that is, the item would be listed among the adjustments to net income to determine net cash provided by operating activities under the indirect method), investing activity, financing activity, and significant noncash investing and financing activity.
(a) Payment of interest on notes payable.
select an option Investing Activity Financing Activity Operating Activity Noncash Investing and Financing Activity
(b) Exchange of land for a patent.
select an option Noncash Investing and Financing Activity Investing Activity Financing Activity Operating Activity
(c) Sale of the building at book value.
select an option Financing ActivityInvesting Activity Noncash Investing and Financing Activity Operating Activity
(d) Payment of dividends.
select an option Noncash Investing and Financing Activity Operating Activity Financing Activity Investing Activity
(e) Depreciation.
select an option Operating ActivityNoncash Investing and Financing Activity Investing Activity
(f) Conversion of bonds into common stock.
select an option Financing Activity Investing Activity Noncash Investing and Financing Activity Operating Activity
(g) Receipt of interest on notes receivable.
select an option Investing Activity Financing Activity Noncash Investing and Financing Activity Operating Activity
(h) Issuance of capital stock.
select an option Financing Activity Investing Activity Operating Activity Noncash Investing and Financing Activity
(i) Amortization of patent.
select an option Operating Activity Financing Activity Noncash Investing and Financing Activity Investing Activity
(j) Issuance of bonds for land.
select an option Operating Activity Noncash Investing and Financing Activity Investing Activity
(k) Purchase of land.
select an option Financing Activity Investing Activity Operating Activity Noncash Investing and Financing Activity
(l) Receipt of dividends on investment in stock.
select an option Investing Activity Financing Activity Operating Activity Noncash Investing and Financing Activity
(m) Loss on disposal of plant assets.
select an option Noncash Investing and Financing Activity Investing Activity Financing Activity Operating Activity
(n) Retirement of bonds.
select an option Financing Activity Investing Activity Operating Activity Noncash Investing and Financing Activity
Business
1 answer:
docker41 [41]3 years ago
8 0

Answer:                                                                      

                     Item                -                Type of Activity

(a) Payment of interest on notes payable  - Operating

(b) Exchange of land for a patent  - Non cash investing and Financing

(c) Sale of the building at book value - Investing

(d) Payment of dividends - Financing

(e) Depreciation - Operating

(f) Conversion of bonds into common stock - Operating

(g) Receipt of interest on notes receivable - Operating

(h) Issuance of capital stock - Financing

(i) Amortization of patent - Operating

(j) Issuance of bonds for land - Non-cash Investing and financing

(k) Purchase of land - Investing

(l) Receipt of dividends on investment in stock - Operating

(m) Loss on disposal of plant assets - Operating

(n) Retirement of bonds - Financing

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I believe the answer that you're looking for is D

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2 years ago
You are given the following information concerning Around Town Tours:Debt: 7,500, 6.8 percent coupon bonds outstanding, with 11
gtnhenbr [62]

Answer:

9.0%

Explanation:

Calculation to determine the WACC for this firm

First step

Common stock=284,000 × $68

Common stock= $19,312,000

Second step is to calculate the Preferred stock

Preferred stock=9,000 × $88

Preferred stock= $792,000

Debt= 7,500 × .979 × $1,000

Debt = $7,342,500

Value = $19,312,000 + 792,000 + $7,342,500

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Second step

RE = .041 + 1.04(.146-.041)

RE= .1502

RE = ($2.62 /$68) + .025

RE= .0635

Average RE = (.1502+ .0635)/2

Average RE = .1069

RP = $8/$88

RP = .0909

Fourth step

$979 = [(.068 × $1,000) / 2] × ({1- 1 / [1 + (r/ 2)]22} / (r / 2)) + $1,000 / [1 + (r / 2)]22

r = 7.08 %

Now let calculate the WACC

WACC = ($19,312,000/$27,446,500)(.1069) + ($792,000/$27,446,500)(.0909) + ($7,342,500/$27,446,500)(.0708)(1 -.34)

WACC= .090*100

WACC=9.0 %

Therefore the WACC for this firm is 9.0%

7 0
3 years ago
Suppose the demand for natural gas is perfectly inelastic. What would be the​ effect, if​ any, of natural gas price​ controls? I
nignag [31]

Answer: Not change the quantity demanded.

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Therefore since the demand for natural gas in perfectly inelastic, the demand will not change regardless of the change in price of the gas.

6 0
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You are thinking of purchasing a house. The house costs $350,000. You have $50,000 in cash that you can use as a down payment on
jeyben [28]

Answer:

$63,852

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The computation is shown below:

a) PV of payments is

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b) The Loan PV of payments is $3,00,000

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= $63,852

5 0
3 years ago
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