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2 years ago

Use the following information to determine this company's cash flows from financing activities.

Business

1 answer:

sveta [45]2 years ago

6 0

Answer:

Net cash provided by financing activities $334,000

Explanation:

The question is to determine the cash flow from the organisation's financing activities as follows.

The statement of Cash flow of an organisation is divided into Cash flow from Operating, financing and Investing activities

A few of the items in the question will not reflect as follows:

1) The net income is part of the operating activities and will not be part of the financing activities

2) The purchase of equipment will be part of the investing activities not financing activities

Cash flows from Financing Activities

Description Amount ($)

Cash received from the common Stock 71,000

Payment of cash dividends 16,000

Payment to settle note payable 130,000

Payment to acquire treasury stock 117,000

Net cash provided by financing activities 334,000

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When kinko's replenishes its supply of copy paper, it most likely involves a _____ situation?

damaskus [11]

That he is adding paper to the copier

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3 years ago

Economists argue that the pace of economic growth: Determines the size of the population of a nation over the long term. Determi

hammer [34]

Answer: Determines the standard of life of a nation over the long term.

Explanation:

Economists believe that the economic growth of a country determines the standard of living of its people over the long term which is why measures such as GDP per capita exist.

They argue that if the economy is growing, more wealth will be created for citizens to access and the higher production of goods and services will give citizens more choice on what to buy to be able to improve their standard of living.

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3 years ago

Use the following data to determine the total amount of working capital from the Banner Auto Supplies Balance Sheet for December

Komok [63]

Answer:

b. 240,000

Explanation:

Calculation to determine the total amount of working capital

First step is to calculate the Current assets

Using this formula

Current assets = Cash + Accounts receivable + Inventory + Prepaid insurance

Let plug in the formula

Current assets= $70,000 + 100,000 + 140,000 + 80,000

Current assets= $390000

Second step is to calculate the Current liabilities using this formula

Current liabilities = Accounts payable + Salaries and wages payable

Let plug in the formula

Current liabilities= $130,000 + 20,000

Current liabilities= $75,000

Now let calculate the working capital using this formula

Working capital = Current assets - Current liabilities

Let plug in the formula

Working capital = $390,000 - 150,000

Working capital = $240,000

Therefore the Working capital is $240,000

4 0

2 years ago

During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation, completed the following tr

DanielleElmas [232]

Answer:

Trial Income Statement:

Service revenue $17,000

Rent expense ($3,500)

Insurance expense ($350)

Wages expense ($10,500)

Net income $2,650

*We need to adjust other expenses like supplies or utilities. I assumed the salaries paid were for a 10 days period since no one pays salaries in advance.

Trial Balance Sheet

Assets:

Cash $62,200

Supplies $1,000

Prepaid insurance $3,850

Equipment $10,000

Total Assets $77,050

Liabilities and Equity:

Accounts payable $8,000

Wages payable $7,000

Common Stock $60,000

Retained earnings $2,050

Total Liabilities and Equity $77,050

Explanation:

July 1

Dr Cash 60,000

Cr Common stock 60,000 (6,000 stocks $10 par value)

July 3

Rent expense 3,500

Cr Cash 3,500

July 5

Dr Prepaid insurance 4,200

Cr Cash 4,200

Adjusting entry July 31

Dr Insurance expense 350

Cr Prepaid insurance 350

July 7

Dr Supplies 1,000

Cr Accounts payable 1,000

July 10

Dr Wages expense 3,500

Cr Cash 3,500

Adjusting entry July 31

Dr Wages expense 7,000 ($3,500 x 2 10 day periods)

Cr Wages payable 7,000

July 14

Dr Equipment 10,000

Cr Cash 2,500

Cr Accounts payable 7,500

July 15

Dr Cash 8,000

Cr Service revenue 8,000

July 19

Dr Accounts payable 500

Cr Cash 500

July 31

Dr Cash 9,000

Cr Service revenue 9,000

Dr Retained earnings 600

Cr Dividends payable 600

Dr Dividends payable 600

Cr Cash 600

6 0

2 years ago

Recently, you accepted an internship position with the Tulawaka Zoo in Tennessee. You report to Sharon Molacavage, the Senior An

Furkat [3]

Answer:

The correct answer is letter "B": A moderately favorable situation in which Sharon’s relationships with her employees are strained, but where the employees are still doing highly structured tasks.

Explanation:

Austrian organizational psychologist Fred Fiedler (1922-2017) proposed in his Theory of Contingency that leaders only have one leadership style and that they cannot shape it according to the different situations they might be involved in. Instead, leaders must be located in a situation that matches their style.

Since Sharon's leadership style is autocratic, she is likely to manage herself better in adverse situations where the subordinates still follow her instructions.

3 0

3 years ago