If firms produce a homogeneous product, then

Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information

Valentin [98]

Answer: Please refer to Explanation

Explanation:

A little introduction.

The Cash Flow Statement is divided into 3 sections being the operating, investing, or financing sections.

Operating Section

- The entries that fall under here are directly related to the provision of goods and services by the company for its consumers. They involve cash receipts from sales, payments to suppliers and taxes amongst others.

Investing Section

- This part of the Statement includes cash spent or cash generated from Investment activities such as the purchase of other company stocks or bonds and the cash entries related to Fixed assets.

Financing Section

- This section has to do with the entries related to how the company is funded and include shares, bonds and dividends.

Classifying the Above therefore we have,

a) Purchase of equipment. INVESTING ACTIVITY.

(b) Sale of building. INVESTING ACTIVITY.

(c) Redemption of bonds. FINANCING ACTIVITY.

(d) Cash received from sale of goods. OPERATING ACTIVITY.

(e) Payment of dividends. FINANCING ACTIVITY.

(f) Issuance of capital stock. FINANCING ACTIVITY.

If you need any further clarification do comment. Cheers.

5 0

4 years ago

What is an insurer or producer required to provide to the insurance commissioner during an examination?

stich3 [128]

The producer's role at an insurance agency is to generate the revenue necessary for the company to thrive and expand. Instead of the usual salesman who knocks on doors to promote their products, the producer frequently replies to inquiries from customers who need insurance.

<h3>What is the role of an insurance producer?</h3>

The producer's role at an insurance agency is to generate the revenue necessary for the company to thrive and expand. Instead of the usual salesman who knocks on doors to promote their products, the producer frequently replies to inquiries from customers who need insurance.

A producer of insurance is not allowed to represent an insurer unless they are appointed as that insurer's agent. Insurance commissioners' duties include preserving reasonable insurance product prices, ensuring the availability of insurance coverage, safeguarding the financial stability of insurance businesses, and stopping unfair business activities.

Professionals in the sector who sell insurance products are known as insurance producers. They are permitted to sell a variety of insurance products from an insurance company, including property, commercial, life, health, and other types. Producers have the option of specializing in one or more lines of insurance.

To learn more about insurance producer refer to:

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4 0

2 years ago

Cushman company had $814,000 in sales, sales discounts of $12,210, sales returns and allowances of $18,315, cost of goods sold o

lesya692 [45]

When solving for the gross profit on a product use:
Gross profit = Sales - Cost of goods sold

Sales = $814,000
Cost of goods sold = $386,650

Gross profit = $814,000 - $386,650
Gross profit = $445,350

3 0

3 years ago

You are considering investing $1,000 in a T-bill that pays 0.05 and a risky portfolio, P, constructed with two risky securities,

Nesterboy [21]

Answer:

c)$568; $378; $54

Explanation:

($1,120 - $1,000)/$1,000 = 12%

(0.6)14% + (0.4)10% = 12.4%

12% = w5% + 12.4%(1 - w)

w = .054

1-w = .946

w = 0.054($1,000)

= $54 (T-bills)

1 - w = 1 - 0.054 = 0.946

0.946($1,000) = $946

$946 x 0.6 = $568 in X

$946 x 0.4 = $378 in Y.

8 0

4 years ago

Which three factors make starting a business a highly risky investment?

melisa1 [442]

Which three factors make starting a business a highly risky investment? My answer would be points B, C and E.

3 0

3 years ago

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