Safety belts usually consist of a lap belt and

True or False: Homeowners in states like Texas or Florida may have to purchase special insurance based on their home's geographi

zlopas [31]

True, it’s a good idea because it helps protect your home and other assets

3 0

2 years ago

Read 2 more answers

Difference between accounts payable and accounts receivable

algol13

Payable=outcome
receive=Income

8 0

3 years ago

During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to sharehol

MrRa [10]

Answer:

Date Account Title Debit Credit

Feb 12 Cash $18,000,000

Common Stock $2,000,000

Paid in Capital in excess of Com- $16,000,000

mon stock par value

Working

Cash = 2 million shares * $9 = $18,000,000

Common stock = 2 million * $1 par value = $2,000,000

Date Account Title Debit Credit

Feb 13 Legal expenses $360,000

Common Stock $40,000

Paid in Capital in excess of Com- $320,000

mon stock par value

Working

Cash = 40,000 shares * 9 = $360,000

Common Stock = 40,000 * 1 = $40,000

Date Account Title Debit Credit

Feb 13 Cash $945,000

Common stock $80,000

Preferred Stock $200,000

Paid in Capital in excess of Com- $640,000

mon stock par value

Paid in Capital in excess of Pre- $25,000

ferred stock par value

Working:

Common stock = 80,000 shares * 1 = $8,000

Preferred stock = 4,000 shares * $50 = $200,000

Paid in Cap, Common = 80,000 * (9 - 1) = $640,000

Date Account Title Debit Credit

Nov. 15 Equipment $3,688,000

Common Stock $380,000

Paid in Capital in excess of Com- $3,308,000

mon stock par value

Working:

Common stock = 380,000 * $1 = $380,000

8 0

3 years ago

Statement of cash flows

likoan [24]

Answer:

a.

Palmetto Statement of Cashflows

For the Year Ended December 31, 2013

Cashflow from Operating Activities

Net Cashflow from Operaing Activities $15,600

Cashflow from Investing Activities

Net Cashflow from Investing Activities ($23,000)

Cashflow from Financing Activities

Net Cashflow from Financing Activities ($4,500)

Net Increase (Decrease) ($11,900)

Add: Beginning of Period Cash balance $32,000

Ending Cash Balance $20,100

b. Operating Cash flow relates to the normal business operations of the business. A Net Cash Inflow from this therefore means that the business made a profit from its normal operations of selling fast food during 2013.

c. Investing Activities relate to transaction involving Fixed Assets as well as the stocks and bonds of other companies. The Net Cash flow was probably caused by Palmetto buying more Fixed Assets than they disposed of in the year 2013.

d. Financing activities relate to how the business is financed in terms of Equity and debt. The payments of Dividends therefore fall under here as they relate to Equity. A net cash outflow here therefore probably means that Palmetto paid out dividends to shareholders. They might have also repaid some loans but judging by how small the outflow is, the loans were either small or it was only dividends that were paid out.

4 0

3 years ago

Suppose the economy is initially operating well below capacity. In this case, an expansionary macroeconomic policy will result

Damm [24]

Answer:

The correct answer is option B.

Explanation:

If an economy is working well below capacity this means there is huge amount of unused resources left. Resources or inputs at this point will be available at a relatively lower price. So the firms will be able to expand output at a cheaper rate.

When the demand for inputs increase the input price will not increase much. So, the firms will be able to increase output and the price level will not increase by a great extent.

5 0

3 years ago