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irakobra [83]
3 years ago
10

The following items and amounts were taken from Wildhorse Co.’s 2017 income statement and balance sheet.

Business
1 answer:
puteri [66]3 years ago
6 0

A. Assets

B. Equity

C. Expense

D. Liability

E. Assets

F. Assets

G. Assets

H. Equity

I. Liability

J. Liability

K. Revenue

L. Expense

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abares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing act
scZoUnD [109]

Answer:

(a) Issued $50,000 par value common stock for cash = Financing Activities

b) Purchased a machine for $30,000, giving a long-term note in exchange. Financing Activities = Non-cash Investing and Financing Activity

(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000 =  Non-cash Investing and Financing Activities

(d) Declared and paid a cash dividend of $18,000 = Financing Activities

(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash = Investing Activities

(f) Collected $16,000 from sale of goods = Operating Activities

Explanation:

The Cash flows related to raising of capital is known as Cash flow from Financing Activities.

The Cash flows related to growing and selling of Assets of the business is known as Cash flow from Investing Activities.

The Cash flow related to trade in Ordinary course business of the Company is known as Cash flow from Operating Activities.

7 0
3 years ago
As a manufacturing firm builds a plant in Bolivia, it also has to build an airstrip so that it can get the building supplies and
jok3333 [9.3K]

Answer:

The correct answer is letter "B": an underdeveloped infrastructure.

Explanation:

The worldwide market we live in today has allowed companies to <em>outsource </em>their activities to different countries in an attempt to lower production costs and avoid stiff regulations. However, there are many challenges firms have to deal with while starting businesses in foreign regions.  

Depending on the industry of the company, sometimes the firms must invest in countries with underdeveloped infrastructure. It could imply building facilities, bridges, highways or any other infrastructure that will allow the company to conduct its operations normally.

6 0
4 years ago
Describe the McDonald's activities in terms of Frederick Taylor's principles of scientific management, Max Weber's hierarchical
Margarita [4]

Explanation:

Using Frederick Taylor's principles of scientific management McDonald's entire staff activities would be planned, coordinated, and controlled under continuous direction of a supervisor or expert.

The line of authority using the Max Weber's hierarchical structure for McDonald's activities would be marked by;

  1. Specialization of labor: placing the skilled person on the job.
  2. A formal set of rules and regulations,
  3. A well-defined hierarchy within the organization,
  4. Impersonality in the application of rules: by treating all employees equally.
  5. Employment-based on Technical Qualifications: McDonald employs only the qualified to do the job.

Henri Fayol's administrative principles should result in;

  • Division of work in McDonald,
  • Delegation of authority and responsibility,
  • Discipline of wanting employees,
  • Unity of Command,
  • Unity of Direction,
  • Subordination of individual interest to general interest,
  • <em>Good remuneration of McDonald's staff.</em>
6 0
3 years ago
Which of the following is not properly classified as property, plant, and equipment? a. Land used in ordinary business operation
Vilka [71]

Answer:

b. A truck held for resale by an automobile dealership

Explanation:

Property plant and equipment are physical or tangible assets used by an organization in the ordinary course of business. They include Land and building used in ordinary business operations, plant and machinery used in production, Land improvements, such as parking lots and fences etc. Such assets are usually depreciated as they are used and in accordance with the organization's policy. However, assets held for sale are not used by the organization in the ordinary course of business rather, the company holds them till such assets are sold.  No depreciation is computed on the assets held for sale. Hence, from the options given, a truck held for resale by an automobile dealership is the only item held for sale and does not qualify for recognition as property plant and equipment. The right answer is b.

7 0
3 years ago
What are 3 advantages of going to trade/vocational schools after high school?
svetlana [45]

Answer:

1 It is a form of entertainment

2 you can dedicate time to your passions

3 they're helpful for your mental health

6 0
3 years ago
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