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3 years ago

Establishments that sell alcoholic beverages packaged to go are called

1 answer:

8 0

<span>Establishments that sell alcoholic beverages packaged to go are called off-premise.
These include convenience stores, gas stations, grocery stores, liquor stores, etc. Here, you can just enter and buy a drink and go somewhere else to drink it, whereas in bars and cafes, you wouldn't be able to do that but rather sit there and finish your drink.
</span>

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Performed services for $25,000 cash. Purchased land for $6,000 cash. Hired an accountant to keep the books. Received $50,000 cas

Maurinko [17]

Answer:

1. Operating Activities (OA)

2. Investing Activities (IA)

3. Not Applicable (NA)

4. Financing Activities (FA)

5. Financing Activities (FA)

6. Operating Activities (OA)

7.Investing Activities (IA)

8. Financing Activities (FA)

9. Operating Activities (OA)

10. Financing Activities (FA)

b. Ending Cash Balance $60,200

Explanation:

a. To Indicate how each of the events would be classified on the statement of cash flows as OPERATING ACTIVITIES (OA), INVESTING ACTIVITIES (IA), FINANCING ACTIVITIES (FA), or NOT APPLICABLE (NA).

1. Based on the information it these transaction will be classified as OPERATING ACTIVITIES (OA)

2. Based on the information it these transaction will be classified as INVESTING ACTIVITIES (IA)

3.Based on the information it these transaction will be classified as NOT APPLICABLE (NA)

4. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)

5. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)

6. Based on the information it these transaction will be classified as OPERATING ACTIVITIES (OA)

7. Based on the information it these transaction will be classified as INVESTING ACTIVITIES (IA)

8. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)

9. Based on the information it these transaction will be classified as OPERATING ACTIVITIES (OA)

10. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)

b. Preparation of a statement of cash flows for 2018. Assume All-Star Automotive Company had a beginning cash balance of $9,000 on January 1, 2018.

STATEMENT OF CASH FLOWS

CASH FLOWS FROM OPERATING ACTIVITIES:

Cash receipts from revenue: $25,000

Less Cash payment for salary expense ($14,000)

Less Cash payments for utilities expense ($2,800)

Net cash flow from operating activities $8,200

CASH FLOWS FROM INVESTING ACTIVITIES:

Cash from the sale of land $9,000

Less Cash paid to purchase land ($6,000)

Net cash flow from investing activities $3,000

CASH FLOWS FROM FINANCING ACTIVITIES:

Cash receipts from stock issue $50,000

Add Cash receipts from loan $5,000

Less Cash payment on loan ($10,000)

Less Cash payments for dividends ($5,000)

Net cash flow from financing activities $40,000

Net increase in cash $51,200

($4,200+$3,000+$40,000)

Add Beginning cash balance $9,000

ENDING CASH BALANCE $60,200

Therefore the statement of cash flows for 2018 Ending Cash Balance is $60,200

8 0

3 years ago

Amber is a strategist for a furniture manufacturer that has a large presence in the United States and Canada. By checking econom

dimulka [17.4K]

Answer:

Explanation:

Based on the scenario being described within the question it can be said that they should both seriously consider globalization because of the falling trade and investment barriers. This is mainly due to everything falling, if they decide to expand globally they can take advantage of these circumstances and fill the void that is currently being opened in these locations.

6 0

3 years ago

Who is responsible for developing a firm's mission?

Aleksandr-060686 [28]

The manager such as the CEO

3 0

3 years ago

A(n) _____ is the business term for the population of customers for a business owner's products or services.

anyanavicka [17]

The answer is market

5 0

3 years ago

Camping Co. was organized to sell a single product that carries a 45-day warranty against defects. Engineering estimates indica

KiRa [710]

Answer:

Liability for product warranty at month end is $4810

so correct option is E) None of these

Explanation:

given data

time = 45 days

defective = 8%

average repair cost = $65 per unit

total sales = 1,000 units

repaired = 6 unit defective

to find out

liability for product warranties at month end

solution

we know that First Month Sales units = 1,000

and First month estimated liability in units @8 % is = 80

and here Defective Units already repaired is 6

Additional liability in unit is = 80 - 6 = 74

and Additional liability @$65 per unit will be = 74 × 65 = 4810

So Liability for product warranty at month end is $4810

so correct option is E) None of these

4 0

4 years ago