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rjkz [21]
3 years ago
15

An analysis of comparative balance sheets, the current year’s income statement, and the general ledger accounts of Hailey Corp.

uncovered the following items. Assume all items involve cash unless there is information to the contrary. Indicate where each item should be presented in the statement of cash flows (indirect method) using these four major classifications: operating activity (that is, the item would be listed among the adjustments to net income to determine net cash provided by operating activities under the indirect method), investing activity, financing activity, or significant noncash investing and financing activity. (a) Exchange of land for patent. select an option (b) Sale of building at book value. select an option (c) Payment of dividends. select an option (d) Depreciation. select an option (e) Conversion of bonds into common stock. select an option (f) Issuance of capital stock. select an option (g) Amortization of patent. select an option (h) Issuance of bonds for land. select an option (i) Purchase of land. select an option (j) Loss on disposal of plant assets. select an option (k) Retirement of bonds.
Business
1 answer:
kap26 [50]3 years ago
4 0

Answer: Please refer to Explanation

Explanation:

I shall list the section of the Cash Flow statement that the following should be apportioned to in bold after the statement.

OPERATING ACTIVITY , INVESTING ACTIVITY, FINANCING ACTIVITY, or SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITY.

(a) Exchange of land for patent. SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITY.

(b) Sale of building at book value. INVESTING ACTIVITY

(c) Payment of dividends. FINANCING ACTIVITY

(d) Depreciation. OPERATING ACTIVITY

(e) Conversion of bonds into common stock. SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITY.

(f) Issuance of capital stock. FINANCING ACTIVITY

(g) Amortization of patent. OPERATING ACTIVITY

(h) Issuance of bonds for land. SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITY.

(i) Purchase of land. INVESTING ACTIVITY.

(j) Loss on disposal of plant assets. OPERATING ACTIVITY

(k) Retirement of bonds. FINANCING ACTIVITY.

If you need any more clarification do comment. Cheers.

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7 0
3 years ago
Consider a monopolist currently selling output Q to two different markets: Market A and Market B. This monopolist is able to pri
sweet [91]

Answer:

1. This is true because demand in market A is more inelastic which means demand curve and marginal revenue curve are steeper in this market. at any quantity marginal revenue will be higher in market A than in market B

2. This is true because market where demand is inelastic have a higher price. This is because revenue is increased when higher price is charged in market with inelastic demand.

3. This is false/uncertain because when price is higher in market a the quantity will be lower relativity. This is due to the downward sloping demand function in which price is increased quantity will decline.

Explanation:

8 0
3 years ago
Suppose that Tony Hsieh noticed that Zappos’s customers were no longer willing tov pay full retail prices on shoes. What actions
natta225 [31]

Answer:

1. Giving employers the right and the necessary tools they need to make good business decisions that can improve the company's efficiency.

2. Reward outstanding achievements and encourage everyone to think outside the box as well as being productive.

3. Creating a challenging and interactive environment for everyone.

4. Inspiring everyone to do their best and let them know that they will certainly be rewarded.

Explanation:

Giving employers the right and the necessary tools they need to make good business decisions that can improve the company's efficiency. Reward outstanding achievements and encourage everyone to think outside the box as well as being productive. Creating a challenging and interactive environment for everyone. Inspiring everyone to do their best and let them know that they will certainly be rewarded.

3 0
3 years ago
You run a nail salon. Fixed monthly cost is $5,518.00 for rent and utilities, $6,014.00 is spent in salaries and $1,613.00 in in
Liono4ka [1.6K]

Answer:

With 266 costumers it is indifferent where the nail salon is located.

Explanation:

Giving the following information:

Fixed monthly cost is $5,518.00 for rent and utilities

$6,014.00 is spent on salaries.

$1,613.00 in insurance.

Every customer requires approximately $4.00 in supplies.

You charge $120.00.

New location:

Fixed costs in rent and utilities= $11,401

Salaries= $6,716.00

Insurance to $2,203.00 per month.

The cost of supplies will increase to $7.00 per service.

Selling price= $150.00 per service.

Gross profit old location= Contribution margin*Q - fixed costs

Gross profit old location= (120-4)*Q - 13145

Gross profit new location=Contribution margin*Q - fixed costs

Gross profit new location= (150-7)*Q - 20320

116*Q-13145= 143*Q - 20320

7175=27*Q

Q=265.74074 = 266costumers

8 0
3 years ago
On January 1, the first day of its fiscal year, Pretender Company issued $12,700,000 of five-year, 11% bonds to finance its oper
yarga [219]

Answer:

1) Debit Bank $11787069 Debit bond discount $912931 ; Credit Bond $12700000

2) Debit Interest expense $751293 ; Credit Bank $660,000 Credit Discount on Bond payable $91293

3 )Debit interest expense $ 751293 ; Credit bank 660000, Credit discount on bond payable $91293

b)Interest expense = $1502586

c)It is because a financial crisis might have happened prior to issuing the bond and the company still went ahead with issuing even though the rate has changed.

Explanation:

interest expense = 12000000 * 0.11 * 6/12=$660000

discount on bond payable = $912931 /5 = 182586 /2= 91293

Interest expense = $751293 * 2 = $1502586

7 0
3 years ago
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