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3 years ago

Which african american is famous for breaking into major league baseball?

1 answer:

7 0

Jackie Robinson- Jackie played American pro baseball, Jackie was the first African American to play baseball for the Mlb in the modern era. Jackie was the second baseman. Jackie was born 1-31-1919 in Cairo GA and died 10-24-72 in North Stamford, CT due to a heart attack Jackie played for the brooklyn dodgers and was number 42

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On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flo

iragen [17]

Answer:

Flows Added

Oct. 4: Proceeds from Sale of fixed asset $151,000

Oct. 4: Gain on sale of fixed asset $22,000

Flows Deducted

Mar. 12: Purchase of fixed asset $274,000

Explanation:

The Cash flow statement is prepared under the following headings :

Cash flow from operating activities
Cash flow from investing activities
Cash flow from financing activities

Therefore form the transactions we need to establish what amount fall in which category.

Here is an extract of the Cash flow statement based on the given data

Cash flow from Operating Activities

Adjustment to non-cash items

Gain on sale of asset ($151,000 - $129,000) $22,000

Cash flow from Investing Activities

Purchase of Asset ($274,000)

Proceeds from sale of Asset $151,000

Cash flow from Financing Activities

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3 years ago

The Northern Division of Southwest Clothing Inc. forecasts (has budgeted) the following income statement for the upcoming year:

Alex

Answer:

Operating loss will decrease by $20,000

Explanation:

Operating loss from normal business activities and if the division is not shut down = $150,000.

Operating loss if division is shut down by the management = $130,000 ($480,000 - $350,000) because the management has determined that $350,000 of the $480,000 Fixed Costs shown would be eliminated if that happens.

So, if the Northern Division is shutdown, the Operating loss will decrease by $20,000 (From $150,000 to $130,000)

5 0

3 years ago

A fruit packing plant usually shuts down for three months each year. during that period, what happens to its costs? its fixed co

VikaD [51]

During the three-month period, the plant is not able to produce anything because it shut down. Hence, its variable cost is equal to zero, however, during this period, the fixed cost is still greater than zero because of the process that needs to be done in order to ensure that once the plant is restarted.

For the reason stated above, the most likely answer to this item is the first choice.

7 0

3 years ago

On January 1, Year 1, Sayers Company issued $280,000 of five-year, 6 percent bonds at 102. Interest is payable semiannually on J

mel-nik [20]

Answer:

The cash received from bond issuance is journalized as follows:

Dr Cash $285,600

Cr Bonds payable $280,000

Cr Premium on Bonds payable $5,600

The June 30 and 31 December Year 1 interest on the bonds are recorded thus:

30 June

Dr Interest expense(bal fig) $7,840

Dr Premium on bonds $560

Cr Cash $8400

31 December

Dr Interest expense(bal fig) $7,840

Dr Premium on bonds $560

Cr Cash $8400

The June 30 and 31 December Year 2 interest on the bonds are recorded thus:

30 June

Dr Interest expense(bal fig) $7,840

Dr Premium on bonds $560

Cr Cash $8400

31 December

Dr Interest expense(bal fig) $7,840

Dr Premium on bonds $560

Cr Cash $8400

Explanation:

The amount realized from the bond is calculated thus:

$280,000*102%=$285,600

Premium on bond=Bonds proceeds-par value

=$285,600-$280,000

=$5,600

Semi-annual amortization of bond premium=$5,600/5*6/12

=$560

Semi-annual interest payment=$280,000*6%*6/12

=$8,400

5 0

3 years ago

During the current year, Harry, a self-employed accountant, travels from Kansas City to Miami for a seven-day business trip. Whi

irakobra [83]

Answer:

$1,200

Explanation:

during 2019, Harry can deduct:

50% of the costs of meals while on he is on business trips
100% of airfare and other travelling costs
100% of lodging costs while doing business

Harry's deductions = (50% x $200) + (100% x $600) + (100% x $500) = $100 + $600 + $500 = $1,200

Any expenses incurred during vacation are not deductible.

4 0

3 years ago