which tool would the government most likely employ during a period of inflation to stabilize the economy ?

Mary and Jack Gray, local golf stars, opened the Chip-Shot Driving Range Company on March 1, 2008. They invested $25,000 cash an

KonstantinChe [14]

Answer:

a) they consider income/loss the cash flow of the business rather than revenues and expenses. That is not a correct basis to measure income.

b) Having a cash balance of 27,450 which is not correct.

c and d

revenues 5,700

expenses per month:

rent 1000

advertizing 750

wages 400

utilities 100

total expenses (2,250)

net income 3,450

Explanation:

a)

ending cash 18,900

beginning cas (25,000)

cash flow ( 6, 100)

b)

considering how they did the loss stimation they will also consider cash flow and not revenues/expenses

c)

can determinate the cash collected from customer which will be revenues for the month by doing the cash flow:

beginning 25,000

caddy shack (8,000)

supplies (800)

rent (1,000)

adv (600)

wages (400)

dividends (1,000)

before revenue 13,200

revenues X

ending cash 18,900

18,900 - 13,200 = 5,700 revenues

net income for the month:

revenues 5,700

expenses per month:

rent 1000

advertizing 750

wages 400

utilities 100

total expenses (2,250)

net income 3,450

6 0

3 years ago

Each of the following items must be considered in preparing a statement of cash flows (indirect method) for Turbulent Indigo Inc

DanielleElmas [232]

Answer:

(a) Plant assets that had cost $20,000 6 years before and were being depreciated on a straight-line basis over 10 years with no estimated scrap value were sold for $5,300.

increases cash flows from investing activities

(b) During the year, 10,000 shares of common stock with a stated value of $10 a share were issued for $43 a share

increases cash flows from financing activities

(c) Uncollectible accounts receivable in the amount of $27,000 were written off against Allowance for Doubtful Accounts.

this corresponds to bad debt expense which is included in the income statement

(d) The company sustained a net loss for the year of $50,000. Depreciation amounted to $22,000, and a gain of $9,000 was realized on the sale of land for $39,000 cash.

the net loss and the gain on the sale of land decreases the cash flows from operating activities, while the depreciation expense increases it.
the $39,000 received will increase cash flow from investing activities

(e) A 3-month U.S. Treasury bill was purchased for $100,000. The company uses a cash and cash equivalent basis for its cash flow statement.

not included in teh cash flow statements

(f) Patent amortization for the year was $20,000

increases cash flow from operating activities (in a similar way than depreciation)

(g) The company exchanged common stock for a 70% interest in Tabasco Co. for $900,000.

this is a non-cash financing and investing activity

(h) During the year, treasury stock costing $47,000 was purchased

decreases cash flow from financing activities

4 0

3 years ago

In order to register your car, the state of Florida requires that all drivers have ...

olga_2 [115]

In order for drivers to register their cars in Florida it is required that they have

Proof of identity
Proof of insurance for the state of Florida
Application for certificate of title.

<h3>What is a car registration?</h3>

This is the registration that is mandatory for all cars in the United States. The goal is to be able to track cars that are used to carry out criminal activities and their owners.

To do this one is compulsorily required to show the proof that they own the car they are registering.