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3 years ago

Which of the following is not a fixed cost? *

Business

1 answer:

Yanka [14]3 years ago

5 0

Vacation/recreation/fun expenses is not a fixed cost

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Blair Madison Co. issues $2.8 million of new stock and pays $560,000 in cash dividends during the year. In addition, the company

frutty [35]

Answer:

The net cash flow provided by financing activities is: $840,000

Explanation:

Prepare the Cash flow from Financing Activities Section as follows :

Cash flow from Financing Activities

Proceeds from Issue of Shares $2,800,000

Dividends Paid ($560,000)

New Bond Issue $4,200,000

Bond Paid off ($5,600,000)

Net Cash flow from Financing Activities $840,000

<em>Note that the Bonds bought of another company constitutes investment activities of Blair Madison Co. thus excluded from Cash Flow from Financing Activities Calculation.</em>

4 0

3 years ago

Vito is the sole shareholder of Vito, Inc. He is also employed by the corporation. On June 30, 2020, Vito borrowed $8,000 from V

otez555 [7]

Answer:

The first loan for $8,000 could fall under the exemption of employer-employee loan. But then after the second is taken, that exemption would no longer apply. A minimum interest of $18,000 x 4% x 6/12 = $360 should be charged.

If the loan is considered a corporation-shareholder loan, then it doesn't qualify for any type of exemption, resulting in interests = ($8,000 x 4% x 6/12) = $160 for 2020

for 2021, interest applied = [($8,000 + $160) x 4%] + ($10,000 x 4% x 6/12) = $326.40 + $360 = $686.40

3 0

3 years ago

Which of the following statements about setups is FALSE? Group of answer choices Setup time is dependent on the number of units

Nadusha1986 [10]

Answer: Setup time is dependent on the number of units subsequently produced.

Explanation:

It should be noted that a setup is a required activity and a set of activities. A setup time is also referred to as the changeover time.

The statement that "Setup time is dependent on the number of units subsequently produced" is false. The setup time refers to the interval that is needed to adjust the machine settings in order to make it ready to process a job. The setup time isn't dependent on the number of units that's subsequently manufactured.

6 0

3 years ago

On November 1, 2021, Green Valley Farm entered into a contract to buy a $150,000 harvester from JohnDeere. The contract required

Sati [7]

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

Cash Dr, $150,000

To Unearned sales revenue $150,000

(Being receipt of cash in advance is recorded)

Therefore to record the inflow funds we debited cash and to record the liability/obligation to deliver such goods we credited unearned sales revenue.

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3 years ago

Joana volunteers to deliver a last-minute presentation on behalf of her team. Which quality is Joana demonstrating?

Ymorist [56]

Joana is demonstrating responsibility

4 0

4 years ago

Read 2 more answers