All categories

3 years ago

Forest Beach Company experienced an event that had the following effects on its financial statements.

Business

1 answer:

il63 [147K]3 years ago

7 0

Answer:

Explanation:

This is so because paying off principal balance of a note payable will definitely reduce cash asset and ultimately lead to liabilities of note payable. The cash outflow from the payoff of the note payable would be classified as a financing activity, and this way the the income statement is not affected.

You might be interested in

MONEY Deanna and Lise are playing games at the arcade. Deanna started with $15, and the machine she is playing costs $0.75 per g

goblinko [34]

Answer:

The answer is: after 8 games

Explanation:

You can solve this problem in two ways:

Deanna Lise

Start with $15 $13

After 1 game $14.25 $12.50

After 2 games $13.50 $12.00

After 3 games $12.75 $11.50

After 4 games $12.00 $11.00

After 5 games $11.25 $10.50

After 6 games $10.50 $10.00

After 7 games $9.75 $9.50

After 8 games $9.00 $9.00

Or you can solve this equation:

= (price of arcade D - price of arcade L) / (Deanna's money - Lise's money)

= ($0.75 - $0.50) / ($15 - $13) = $0.25 / $2 = 8

7 0

3 years ago

When random assignment fails to create equivalent groups, the problem of _____ occurs?

s2008m [1.1K]

<span>Third variables are common problems that add or introduce additional explanations for a reaction or occurrence. That means that when conducting test, the variable is not the only consideration of cause, and the effect of the third variable must be analyzed and isolated from the overall results, otherwise the data is influenced and inaccurate.</span>

8 0

3 years ago

Which of the following statements is the best way to state your position in a conflict?

Dima020 [189]

Answer A, it causes the least conflict and the person should not feel attacked. It also shares your emotion about the situation in a polite way.

8 0

3 years ago

Read 2 more answers

According to the Lewis two-sector model the creation of a Modern (urban) Sector will:

Soloha48 [4]

Answer:

The answer is option B) According to the Lewis two-sector model the creation of a Modern (urban) Sector will:

Create a flow of labor from the traditional sector into the modern sector.

Explanation:

The two sector model propounded by W. Arthur Lewis is a theory of development that identifies two sectors: the traditional and modern sector.

According to this theory, the creation of a modern sector will generate a flow of excess labor from the traditional sector to the urban sector where there is more demand for labor.

Over time, this migration will create more jobs, stimulate industrialization and a framework for sustainable development.

3 0

3 years ago

The manufacturing costs of Rosenthal Industries for the first three months of the year follow:

svlad2 [7]

Answer:

variable cost per unit = 46

fixed cost 188680

Explanation:

The high-low method consist in compare each frame to get the variable and fixed components

5440 high

2040 low

3400 difference

437920 high

281520 low

156400 difference

variable cost =15600/3400

variable cost = 46

the reasoning is that the additional 3400 units generated that cost.

Now:

we múltiple by the units by the production and get total variable

46 * 2040 = 93840 total variable

lastly total cost - total variable = fixed

281520 - 93840 = 188680

7 0

3 years ago