A decrease in the inventory account during the year should be reported on the statement of cash flows as in financing activities as a use of funds.
What is in a cash flow statement?
On the cash flow statement, the entire amount of cash and cash equivalents that enter and exit a business are displayed. The CFS focuses on a company's ability to manage its cash, particularly how successfully it produces cash flow. The income statement and balance sheet both receive information from this financial statement.
What is financing activities in cash flow statement?
The cash flow statement's financing activity describes a company's capacity to raise capital and return it to investors via capital markets. The issuance and sale of additional shares of stock, as well as the growth, addition, and modification of existing debt, are also included in these acts. This list also includes dividend payments made in cash.
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Answer:
The correct answer is Qualifying.
Explanation:
Professional qualification is the set of professional competencies with significance in employment that can be acquired through modular training or other types of training, as well as through work experience.
A person is qualified when in the development of his work he obtains results that are at the level demanded by the productive system, that is, in his work performance he obtains the expected results, with the resources and the level of quality due.
Answer:
The crossover point is 50 units.
Explanation:
Giving the following information:
Process A:
Fixed costs of $1000
Variable costs of $5 per unit.
Process B:
Fixed costs of $500
Variable costs of $15 per unit.
<u>First, we need to structure the total cost formula:</u>
Process A= 1,000 + 5x
Process B= 500 + 15x
x= number of units
<u>Now, we equal both formulas and isolate x:</u>
1,000 + 5x = 500 + 15x
500 = 10x
50=x
The crossover point is 50 units.
Answer:
Debit Credit
Bank/Cash $200,000
Bonds payable $200,000
Explanation:
The journal entry which shall be recorded by Meister Company in its accounts in respect of bonds issued by it, on January 1, 20X1, is mentioned below:
Debit Credit
Bank/Cash $200,000
Bonds payable $200,000
