1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
topjm [15]
3 years ago
7

Under what section of the Statement of Cash Flows would you classify the purchase of equipment by issuing a long-term note payab

le? Multiple Choice Operating. Investing. Financing. Noncash activity.
Business
1 answer:
denpristay [2]3 years ago
7 0

Answer:

The correct option is d. Non cash activity

Explanation:

Operating Activity: The operating activity is that activity which records any changes ion the working capital or we can say increase or decrease in the currents assets and current liabilities.

Investing Activity: The investing activity records all those transactions which are related to the purchase and sale of fixed assets

Financing activity: It records those transactions which is for the long term i.e issue of shares, the redemption of debentures, etc.

All these three activities are term as cash activities because it includes cash transactions.

So, in the given question it is mentioned that the purchase of equipment by issuing a long-term note payable which is a non-cash activity because it does not have any cash transaction. It does not affect the cash balance.

Thus, under non-cash activity, we classify the purchase of equipment by issuing a long-term note payable

Hence, the correct option is d. Non-cash activity

You might be interested in
Hoi Chong Transport, Ltd. Operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven
Ede4ka [16]

Answer:

The total cost will be "$1,279,286.25".

Explanation:

The total cost at 125000 Km will be:

=125000\times  12.520

=1,565,000 ($)

The total cost at 90000 Km will be:

=90000\times 16.5

=1,485,000 ($)

The variable cost will be:

=\frac{(1,565,000 - 1,485,000)}{(125000 -90000) }

=2.28571 ($)

Now,

Fixed cost = Total \ cost -variable \ c ost

                  = 1,565,000 - 125000\times 2.28571

                  = 1,279,286.25 ($)

5 0
3 years ago
Song earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20 percent (i.e., $20,000 of tax).
Brut [27]

a. If Song earns only $75,000 in taxable income, the government's tax revenues will be $18,750 ($75,000 x 25%) and <u>a. Government's tax revenues would decrease by $1,250.</u>

b. The term that describes this type of reaction to a tax rate increase is <u>d. Income effect.</u>

c. The taxpayers that will likely respond in this manner are <u>b. Taxpayers with more disposable income.</u>

<h3>Data and Calculations:</h3>

Song's taxable income per year = $100,000

Average tax rate = 20%

Tax liability per year = $20,000 ($100,000 x 20%)

<h3>New Tax Regime:</h3>

Tax rate = 25%

New taxable income of Song = $75,000

Tax liability = $18,750 ($75,000 x 25%)

Thus, if the tax rate is increased from 20% to 25% forcing Song to reduce his taxable income to $75,000,  <u>a. Government's tax revenues would decrease by $1,250.</u>

<u />

Learn more about taxable income at brainly.com/question/10137785

5 0
2 years ago
considering synonymthe web 2.0 is not a new and improved version of the internet. which of the following alternate names most ac
Ludmilka [50]
<span>WWW , also referred as Web 1.0 is the traditional World Wide Web and </span>Web 2.0 is the current state of online technologies.
The biggest difference between Web 2.0 and Web 1.0 is the greater collaboration among Internet users, content providers and enterprises (websites that enable community-based input, interaction, content-sharing and collaboration). At Web 1.0 <span>data was posted on Web sites, and users simply viewed or downloaded the content. </span> Web 2.0 offers<span> more dynamic Web that is more organized and is based on </span>serving Web applications<span> to users.</span>
7 0
3 years ago
A borrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. The first two years of the loan
lara31 [8.8K]

Answer:

1003

Explanation:

Given:

Period= 30 years, Loan amount= $200,000,

Payments- Monthly,

Teaser rate for first 2 years = 4%,

Annual payment cap=5%, Composite rate on reset date= 6%

Annual rate for 2 years =4%

Monthly rate will be 4/12 = 0.3333% = 0.003333

n=30years=360 months

Monthly payment for first 2 years = Pr(1+r)^n/((1+r)^n-1)

= 200000\times0.0033\times1.033^{360}/(1.033^{360}-1)

= 954.83

or by Excel function = PMT(0.003333,360,200000,0) = 954.83

Loan balance after 2 years = PV(0.003333,336,-954.83,0) = 192,812.36 or

Balance=A(1+r)^n-PMT\times(1+r)^n-1)/i

=200000(1.0033)^{24}-954.83(1+0.003333)^{24}-1)/0.003333

= 192,812.36

Composite rate is 6% but payment is capped at 5%. So new payment from year 3 is 954.83×1.05=1002.57=1003

6 0
2 years ago
What is an expenses?
Lelu [443]

Answer:

It’s like the price or the cost

Explanation:

5 0
2 years ago
Read 2 more answers
Other questions:
  • Rennin Dairy Corporation is considering a plant expansion decision that has an estimated useful life of 20 years. This project h
    8·1 answer
  • Clark claimed the standard deduction in the previous tax year. In the current year, he received a state income tax refund of $90
    15·1 answer
  • A grocery store is trying to find a new vendor for carrots. Its three criteria are 1. Freshness, 2. Lot Size, and 3. Cost with f
    14·1 answer
  • On December 31 of the current year, the assets and liabilities of Tree, Inc. are as follows: Cash $30,000; Supplies, $600; Equip
    10·1 answer
  • When a buyer returns or takes an allowance on merchandise the issues a?
    6·1 answer
  • When should you open a credit card account
    11·1 answer
  • David wants to open a new gymnasium with state-of-the-art equipment and qualified trainers. However, he can only afford either o
    6·1 answer
  • What is management report<br><br>​
    9·1 answer
  • openstax Michael Bronner made a killing in the direct marketing business as the cofounder and CEO of Bronner Slosberg Humphrey,
    11·1 answer
  • What is the role of debt is the pecking order theory of capital structure? How does it differ under the stulz (1990) model?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!