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ra1l [238]
3 years ago
7

Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions

, considered individually, on cash flows: Retired $200,000 of bonds, on which there was $2,000 of unamortized discount, for $208,000. Sold 12,000 shares of $20 par common stock for $39 per share. Sold equipment with a book value of $47,500 for $68,400. Purchased land for $328,000 cash. Purchased a building by paying $51,000 cash and issuing a $90,000 mortgage note payable. Sold a new issue of $270,000 of bonds at 98. Purchased 4,000 shares of $30 par common stock as treasury stock at $60 per share. Paid dividends of $1.90 per share. There were 19,000 shares issued and 3,000 shares of treasury stock.
Business
1 answer:
xeze [42]3 years ago
7 0

Answer:

The classification is shown below:

Explanation:

As we already know that

Cash receipts is the amount which is received by the company in cash that results in increment in cash balance. It is a cash inflow

While the cash payment is the amount which has to be paid by the company in cash that results in decrements in cash balance. It is a cash outflow

So based on this, the categorization is presented below:

Retired $200,000 of bonds, on which there was $2,000 of unamortized discount, for $208,000. = Cash payment for $208,000

Sold 12,000 shares of $20 par common stock for $39 per share.  = 12,000 shares × $39 = $468,000 cash receipt

Sold equipment with a book value of $47,500 for $68,400.  = Cash receipt for $68,400

Purchased land for $328,000 cash. = Cash payment for $328,000

Purchased a building by paying $51,000 cash and issuing a $90,000 mortgage note payable. = Cash payment for $51,000

Sold a new issue of $270,000 of bonds at 98. = Cash receipts for $264,600 ($270,000 × 0.98)

Purchased 4,000 shares of $30 par common stock as treasury stock at $60 per share. = Cash payment for $240,000 (4,000 shares × $60)

Paid dividends of $1.90 per share There were 19,000 shares issued and 3,000 shares of treasury stock.  = Cash payment for $304,00 (19,000 shares - 3,000 shares) × $1.90

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Suppose a market is initially in equilibrium and demand decreases. The producer surplus will:_____.
ladessa [460]

Answer:

c. be lower since the price is lower and equilibrium moves down along the supply curve.

6 0
3 years ago
Based on what you learned in The Power of the Informal Economy video, what is the informal economy and how many people in the wo
frosja888 [35]

Answer:

1.8 billion people are employed in System D.

Explanation:

System D is a large informal economy. It is an open economic arena where everything is available. Though it is very large, it doesn’t include two-thirds of the workers in the world. The people who are a part of System D are about 1.8 billion people in the world. The economy is worth $10 trillion per year.

In informal economy varied set of economic activities happen. The enterprises, jobs and workers are not regulated or protected by the state. It is basically mean self-employment in small enterprises.

Yes, United States has an informal economy. Government does not tax or monitor the black market and market of illegal drugs.

5 0
3 years ago
The ___________ is a statement for the daily business transactions. it includes the list of checks and balances for the office f
Leto [7]

The Date sheet is a statement for daily business transactions. it includes the list of checks and balances for the office for a specific date of service.

A business transaction is an economic event involving a third party that is documented in the accounting system of a company.

Such a transaction needs to have a monetary value. Business transactions include, for example:

In a specific diary, such as a purchasing journal or sales journal, high-volume commercial transactions may be documented.

These journals are used to record business transactions, which are then regularly compiled and submitted to the general ledger.

Transactions with a lower volume are submitted straight to the general ledger. The financial accounts of the company eventually include a summary of these transactions.

A source document must always be used to back up a business transaction. A purchase order, for instance, might be used to facilitate the purchase of items from a supplier and the payment of wages to an employee.

Learn more about business transactions here

brainly.com/question/19959208

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8 0
2 years ago
Assume you are now 25 and you want to have a million dollars by the time you are 65. if you can earn 6% per year, compounded ann
Trava [24]
You would have to invest 97,222
97222*6=5833.32 + 97222= 103055.32 Year one
103055.32*.06= 6183.32 = 109238.64 Year two
109238.64*.06= 6554.32= 115792.96 Year three
115792.96*.06= 6947.58 = 122740.54 Year four

3 0
3 years ago
Scott is a manager at a large electronics company. His primary role within the organization is to plan for the "people needs" of
Alla [95]

Answer: Human resource

Explanation:

Human resources management consist of the employees that are responsible for the recruitment, screening, conducting interviews and placing workers in an organization.

Human resources also handle employee relations, benefits, payroll, and training. It is the role of the human resources department to plan, coordinate and direct the administrative functions of a company. With the example mentioned in the question, Scott is involved in human resource management.

7 0
3 years ago
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