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MariettaO [177]
3 years ago
9

Kiley Corporation had these transactions during 2017. Analyze the transactions and indicate whether each transaction is an opera

ting activity, investing activity, financing activity, or noncash investing and financing activity.
(a) Purchased a machine for $30,000, giving a long-term note in exchange. select a kind of activity
(b) Issued $50,000 par value common stock for cash. select a kind of activity
(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. select a kind of activity
(d) Declared and paid a cash dividend of $13,000. select a kind of activity
(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash. select a kind of activity (f) Collected $16,000 from sale of goods. select a kind of activity
(g) Paid $18,000 to suppliers.
Business
1 answer:
Nataly [62]3 years ago
5 0

Answer:

The answers are:

A) non cash investing and financing activity

B) financing activity

C) non cash investing and financing activity

D) financing activity

E) investing activity

F) operating activity

G) operating activity

Explanation:

  • operating activity: relative to the functions of a business directly related to producing and selling goods or services
  • investing activity: refers to buying and selling long-term assets and other investments
  • financing activity: refer to transactions with creditors or investors used to fund company operations
  • non cash investing and financing activity: refer to investing and financing activities that do not directly affect cash
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Answer: The correct answer is "b. executing".

Explanation: Andrew is in the "executing" proccess stage.

In the execution phase Andrew must ensure that all the services contracted for the development of the activities fulfill their function and have the quality required to meet the needs and meet the contracted level.

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3 years ago
Mack's guitar fabrication shop produces low​ cost, highly durable guitars for beginners.​ Typically, out of the 100 guitars that
Virty [35]

Answer: 21.32 per hour

Explanation:

Guitars produced each month = 100

considered good enough to sell = 82%

Remaining are scrapped = 18 %

Selling price of each guitar = $260

Each guitar requires = 10 labor hours

Each employee works an average = 160 hours per month

Labor is paid = ​$11 per​ hour

materials cost = ​$40 per​ guitar

overhead = $4,200

Therefore,

Number of guitars are good enough to sell = 82% of 100

                                                                   = 82 guitars

Value of output = Number of guitars sell × Selling price of each guitar

                        = 82 × $260

                        = $21,320

Input in labor hours = Guitars produced each month × Labor hour employed in each guitar

                               = 100 × 10

                               = 1,000 hours

Labor productivity =\frac{output}{input}

                                =  \frac{21,320}{1,000}

                                = 21.32 per hour

7 0
3 years ago
In order to encourage employee ownership of the company’s $1 par common shares, Washington Distribution permits any of its emplo
svetoff [14.1K]

Answer:

The appropriate journal entry to record the March purchases of shares under the employee share purchase plan are as follows:

Debit: Cash ($12 × 85%) × $50,000 = $510,000

Debit: Compensation Expense ($12 × 8%) × $50,000 = $90,000

Credit: Common Stock = $50,000

Paid in Capital – Excess of Par ($50,000 × $11) = $550,000

7 0
3 years ago
15 points!
nordsb [41]

Answer:

rent

Explanation:

The rent expense will be difficult to revise. Usually, the rent amount is contained in a tenancy agreement signed by both the landlord and the tenant. The rent amount does not change until the lease or tenancy agreement expires. Changing the rent amount would require the landlord's consent.

Due to the above reasons, rent is classified as a fixed cost. It remains constant in the short run.

5 0
2 years ago
Read 2 more answers
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