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Levart [38]
3 years ago
8

In a statement of cash flows, interest payments to lenders and other creditors should be classified as cash outflows for a. oper

ating activities. b. borrowing activities. c. lending activities. d. financing activities.
Business
1 answer:
Sonbull [250]3 years ago
3 0

Answer:

The correct answer is letter "A": operating activities.

Explanation:

Operating Activities are the daily processes conducted by a company to generate income. They pertain to the company's core business activity such as sales and manufacturing and they provide most of the cash flow that determines whether a business is profitable.

When it comes to the Financial Statements the situation is not different. Interest payments to lenders and other creditors can be part of the day to day activity of a company. That is the reason why they are recorded in the operating activities section.

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Harvey Automobiles uses a standard part in the manufacture of several of its trucks. The cost of producing 60 comma 000 parts is
Fittoniya [83]

Answer:

$69,000

Explanation:

The computation of the operating income would be shown below:

= Buying cost - making cost

where,

Buying cost equals to

= 60,000 × $3

= $180,000

And, the making cost would be

= Variable cost + fixed cost × avoid percentage

= $90,000 + $70,000 × 30%

= $90,000 + $21,000

= $111,000

Now put these values to the above formula  

So, the value would equal to

= $180,000 - $111,000

= $69,000

7 0
2 years ago
Which statement about ethnocentrism is most accurate?
Alexus [3.1K]

Answer:

<em> Ethnocentrism causes us to judge others by our own values. </em>

<em> Ethnocentrism causes us to judge others by our own values. Ethnocentrism is the belief in the superiority of one's own culture. This belief is a natural attitude found in all cultures, and it causes us to judge others by our values</em>.

4 0
2 years ago
Richard Redden, the sole stockholder, contributed $71,000 in cash and land worth $132,000 in exchange for common stock to open a
Aloiza [94]

Answer: C. Debit cash $71,000; debit land $132,000; credit Common Stock $203,000.

Explanation:

From the question, we are informed that Richard Redden, the sole stockholder, contributed $71,000 in cash and land worth $132,000 in exchange for common stock to open a new business, RR Consulting.

The journal entries will RR Consulting make to record this transaction will be:

Debit cash $71,000; debit land $132,000; credit Common Stock $203,000.

7 0
3 years ago
Read 2 more answers
When a closed economy is in equilibrium, we know with certainty that
faust18 [17]

Answer:

inward shift in the supply curve.

Explanation:

= I = S + (T-G). shift in the supply curve.

4 0
2 years ago
To ensure that a lead is actually a prospect, the salesperson must _________________ the lead. Group of answer choices Qualify Q
Nezavi [6.7K]

Answer:

be sure

Explanation:

6 0
3 years ago
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