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Svetach [21]
4 years ago
9

Smiley Corp.'s transactions for the year ended December 31, 2018 included the following:

Business
2 answers:
Olenka [21]4 years ago
8 0

Answer:

Explanation:

The following information was taken from the 2018 financial statements of Dunlop Corporation:

Bonds payable, January 1, 2018

$ 800,000

Bonds payable, December 31, 2018

4,800,000

During 2018

• A $720,000 payment was made to retire bonds payable with a face amount of $800,000.

• Bonds payable with a face amount of $320,000 were issued in exchange for equipment.

In its statement of cash flows for the year ended December 31, 2018, what amount should Dunlop report as proceeds from issuance of bonds payable?

mixas84 [53]4 years ago
7 0

Answer:

b. -$350,000

Explanation:

The calculation of net cash used in financing activities is shown below:-

Net cash used in cash flow from financing activities = Borrow from bank - Dividend paid + Issue common Stock - Loan repaid

= $1,250,000 - $1,200,000 + $500,000 - $900,000

= -$350,000

Therefore for calculating the net cash used in financing activities we simply applied the above formula.

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The Turtle Society, a nongovernmental not-for-profit entity (NFP), receives numerous contributed hours from volunteers during it
tia_tia [17]

Answer:

B) $0

Explanation:

The IRS doesn't allow not-for-profit organizations to record any revenue from volunteer service, the same happens with individuals, since it doesn't allow them to deduct monetary value for their volunteer service.

The organizations can record certain expenses related to the volunteer work, e.g. travel expenses, food, etc.

6 0
3 years ago
Rudy and his publisher require Katherine's expertise in writing a chapter of a book that will be published under Rudy's name. Th
Setler [38]

Answer:

The correct answer is A

Explanation:

Delegation is the term in accounting which is defined as the assignment of authority to some another person in order to carry out the particular activities. And the person or individual who delegate the work will remain accountable or responsible for the outcome or result of the work which is delegated.

So, in this case, Ruby need expertise of Katherine in writing a chapter and they signed a contract for the same but if Katherine delegates the work to Dana, then the delegation would not so effective as the duty involve the personal services.

3 0
3 years ago
You want to re-engage with people from your CRM database that bought something from your website in the past six months. Which a
kirill115 [55]

Answer:

Answer is Option A: Affinity

Explanation:

If one wants to search for the audience that aligns with their product, one must choose the affinity method. With this method, large amount of data can be gathered and organised into groups based on the criteria. It picks people's preferences based on online browsing and then organizes them based on their interests. Similar interests people will be grouped together and they are presented the data they are interested in. This method is also called “Space Saturate and Group”.

So, if one wants to re-engage with people from the database who bought something from the website in the past 6 months, affinity method will be used.

7 0
3 years ago
Is wearing glasses all the time bad?
kiruha [24]
Not always, but If you have bad eyes, then it is Manditory to wear them until you go to sleep
4 0
4 years ago
Universal Containers is experiencing a drop in profitability due to excessive sales discounting. What can Universal Containers do
nika2105 [10]

Answer:

A, D,  E

Explanation:

Universal Container can monitor how the discounts are affecting profitability by evaluating the difference between discounted and listed price. They can then reduce the discounts to increase profits if this is the reason for reduced profitability.

If this is not responsible for falling profits, it may be that too many products are available in a sales discounting opportunity. Universal Containers can remedy this by reducing the number of products included in an offer.

Their falling profitability can also be controlled by putting a management approval process in place, ensuring that the effects of a sales discounting plan on profitability are always considered.

5 0
3 years ago
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