Answer:
1. Transaction will have effects on Balance Sheet in the Assets Section and will be classified as an Investing Activity in the Statement of Cash flows.
2. Transaction will have effects on Balance Sheet in the Liability Section and will be classified as a Financing Activity in the Statement of Cash flows.
3. Transaction will have effects on Income Statement in the Revenue Section and will be classified as an Operating Activity in the Statement of Cash flows.
4. Transaction will have effects on Income Statement in the Revenue Section and will be classified as an Operating Activity of the Statement of Cash flows.
5. Transaction will have effect on Income Statement in the Expense Section and will be classified as a Financing Activity in the Statement of Cash flows.
Explanation:
1. Falcon purchases common stock of Wildcat. This is classified in the investments tab of the assets account. This will be reflected in balance sheet. The transaction is classified in the investing activity.
2. Falcon borrows from Wildcat and signs Notes payable this will have effects in balance sheet liability account. This is financing activity.
3. Falcon receives Dividend revenue from Wildcat. This will be reflected in income statements as revenue. It will operating activity.
4. Falcon provides services to Wildcat , this is reflected in income statement as revenue. This will appear under operating activity.
5. Falcon pays interest on the borrowings to Wildcat. This is income statement items and is an expense. It belongs to financing activity.
Answer:
Godwin Emefiele
Explanation:
Governor - Since 6/3/2014. Godwin Emefiele is the Governor of the Central Bank of Nigeria (CBN).
Answer:
cost of goods manufactured= $68,400
Explanation:
Giving the following information:
Cost of materials placed in production $30,000
Direct labor 25,000
Factory overhead 14,000
Work in process inventory, July 1 2,900
Work in process inventory, July 31 3,500
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
<u></u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 2,900 + 30,000 + 25,000 + 14,000 - 3,500
cost of goods manufactured= $68,400
The requirement of Kameron, Candice, and Leo should be for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.
The information related to the pledged asset is as follows:
- A pledged asset is a valuable possession that could be transferred to the lender in order to secure the debt or a loan.
- The pledged asset should be considered as collateral that could be held by a lender and in return, it is for lending the funds.
- Also, it can decrease the down payment that should be needed for the loan along with this if there is any change in the interest rate so the same should be decreased.
Therefore we can conclude that, the requirement done by these three people is needed for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.
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