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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

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Imagine that a food critic visits your restaurant and writes a positive review that was then published in a magazine. This is an
BartSMP [9]

Answer:

Good Quality or Service

Explanation:

This is a very general question however I’ll try to answer it to the best of my knowledge.

This is an example of Good Quality or Service OR Public Relations or Promotion.

Good Quality or Service – The food quality or the service at the Restaurant must be very good that the food critic was so impressed that he/she published this review on the magazine so that others may try the delicious food of this Restaurant.

Public Relations or Promotion – Regardless of the food quality or the service at the Restaurant, the restaurant owner had paid the food critic/blogger to post good reviews about his/her Restaurant in the magazine which would attract more customers to this Restaurant.

In my opinion, Good Quality or Service is more relevant in this scenario.

3 0
3 years ago
Shanice is a new project manager working with a preexisting team that has resisted many of the new policies she has put into pla
motikmotik

Answer: Shanice is conving the team that their behavior will harm the company since it will disturb Research and Development projects, specially concerning time and energy management. By taking this step, <u>in a non-aggressive way she is demanding that the team takes new attitudes towards their jobs and the project itself.</u>

5 0
3 years ago
With no inflation, a bank would be willing to lend a business firm $5 million at an annual interest rate of 6%. But if the rate
MAXImum [283]

Answer:

The nominal interest rate which the bank will offer is of 10.24%

Explanation:

according to Irwin formula the bank will charge a nominal rate that ensures a real rate of 6% thus:

\frac{1+r_n}{1+ \theta} -1 =r_e

(1+r_e)(1+ \theta) -1 = r_n

1.06*1.04-1 = 0.1024 = 10.24%

8 0
3 years ago
you have to wait until it says i posted it 1 minute ago if answer before u will be elminated 2 more to go
Blizzard [7]

Answer:

GG

Explanation:

GG

7 0
3 years ago
Read 2 more answers
Glebe Company accepted a credit card account receivable in exchange for $1,100 of services provided to a customer. The credit ca
zimovet [89]

Answer:

Account receivable balance = $1,100 - ($1,100* 5%)

Account receivable balance =$1,100 - $55

Account receivable balance = $1,045

Date    Account Title        Debit       Credit

           Cash Account      $1,045

                 To Accounts receivable  $1,045

7 0
3 years ago
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