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3 years ago

What will you need to create a lemonade stand?

Business

2 answers:

ZanzabumX [31]3 years ago

4 0

Answer:

um....

1. u need cups

2. a container

3. a table

4. paper towels

5. duck tape to hold the stand and i guess the sign

6. a donation cup

7. ur costumers

Cerrena [4.2K]3 years ago

4 0

Answer:

First buy a stand or create one yourself. After having a stand. You will need cups,tip container,pitch,lemons,paper towels, a box to put your money and a sign that will catch people’s eyes.

Explanation:

You can always make the lemonade inside your house if you don’t want to make it while you’re on the stand.

(I don’t recommend you doing one during this time though)

Hope that helps :D

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Select the correct statement regarding managerial and financial accounting. Multiple Choice Timeliness is more important in fina

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Answer:

Financial accounting is more highly regulated than managerial accounting.

Explanation:

Financial accounting is highly regulated and follows laid down principles that must be followed. International Financial Reporting Standard (IFRS) and Generally Accepted Accounting Principles (GAAP) are two examples of regulatory guidelines for financial accounting.

On the other hand managerial accounting is flexible and tailored to the manager's needs.

It must not follow the strict guidelines of financial accounting. This is because managerial accounting is used internally by a company and is not subject to public scrutiny.

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3 years ago

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Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in

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Answer:

Transaction Type of Activity Cash Inflow or

Cash Outflow

1 Payment of employee salaries Operating Cash outflow

2. Sale of land for cash Investing Cash Inflow

3. Purchase of rent in advance investing Cash outflow

4.Collection of an account receivable Operating Cash inflow

5.Issuance of common stock Financing Cash inflow

6.Purchase of inventory Operating Cash outflow

7.Collection of notes receivable Investing Cash inflow

8.Payment of income taxes Operating Cash outflow

9. Sale of equipment for a note recei. Non cash No effect

10. issuance of bonds Financing Cash inflow

11. Loan to another firm Investing Cash outflow

12. Payment of a long term note pay. Financing Cash outflow

13. Purchase of treasury stock Financing Cash outflow

14. Payment of an account payable Operating Cash outflow

15. Sale of equipment for cash Investing Cash inflow

Explanation:

Statement of cash flows shows the cash generated and expended by an entity during an accounting period. The statement divides the inflow and outflow of cash into three sections: operating, investing and financing activities.

Operating activities contain activities relating to cash inflow and outflow of entity`s primary operation during a given year. Example of this inflow and outflow are cash receipt from customers and cash payment to vendors.

Investing activities contain activities relating to entity`s investment in assets. Example includes cash received from disposal of an asset.

Financing activities contain activities relating to entity`s relationship with provider of capital like equity owner and debt holder.

Cash inflow refers incoming of cash into the business. Example includes cash received from customers. Cash outflow refers to outgoing of cash from the business. Example includes cash paid to vendors.

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3 years ago

Maria is the sole proprietor of an antique store that she has operated at the same location for the past 16 years. The store ren

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Answer:

e. I, II, III, and IV

Explanation:

I. Sell the inventory and use the cash raised to apply to the debt

II. Sell the store fixtures and use the cash raised to apply to the debt

III. Take funds from Maria‘s personal account at the bank to pay the store‘s debt

IV. Sell any assets Maria personally owns and apply the proceeds to the store‘s debt

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3 years ago

A company received $11,000 cash in exchange for 200 shares of the company’s common stock. What would the effect of this transact

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Answer:

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Explanation:

As the company received cash in exchange for the common stock. So, it affect the accounting equation which is shown below:

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The journal entry is shown below for better understanding:

Cash A/c Dr XXXXX

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To Additional Paid-in capital - in excess of par XXXXX

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