1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xeze [42]
3 years ago
14

Bledsoe Company received $17,000 cash from the issue of stock on January 1, Year 1. During Year 1, Bledsoe earned $8,500 of reve

nue on account. The company collected $6,000 cash from accounts receivable and paid $5,400 cash for operating expenses. Based on this information alone, during Year 1,A. Part 2Which of the following transactions does not involve an accrual?Recording interest earned that will be received in the next period.Recording salary expense incurred but not yet paid.Recording operating expense incurred but not yet paid.Recording the pre-payment of two years' worth of insurance.B. Part 3The recognition of an expense may be accompanied by which of the following?An increase in liabilitiesA decrease in liabilitiesA decrease in revenueAn increase in assetsPart 4The adjusting entry to recognize work completed on unearned revenue involves which of the following?An increase in assets and a decrease in liabilitiesAn increase in liabilities and a decrease in equityA decrease in liabilities and an increase in equityA decrease in assets and a decrease in liabilitiesPart 5Which of the following would cause net income on the accrual basis to be different from (either higher or lower than) "cash provided by operating activities" on the statement of cash flows?Purchased land for cash.Purchased supplies for cash.Paid advertising expense.Paid dividends to stockholders.
Business
1 answer:
Vsevolod [243]3 years ago
7 0

Answer:

Part 2 Which of the following transactions does not involve an accrual?

  • Recording the pre-payment of two years' worth of insurance. THIS IS AN ASSET EXCHANGE TRANSACTION SINCE IT CREATES AN ASSET ACCOUNT, PREPAID INSURANCE, THAT DECREASES AS TIME PASSES

Part 3 The recognition of an expense may be accompanied by which of the following?

  • An increase in liabilities. EXPENSES ARE NOT ALWAYS PAID IMMEDIATELY, FOR EXAMPLE UTILITIES, THEY FORM A SHORT TERM LIABILITY UNTIL PAID.

Part 4 The adjusting entry to recognize work completed on unearned revenue involves which of the following?

  • A decrease in liabilities and an increase in equity. UNEARNED REVENUE IS A LIABILITY ACCOUNT, AND AS THE WORK IS COMPLETED, REVENUE SHOULD INCREASE, THEREFORE EQUITY WILL INCREASE.

Part 5 Which of the following would cause net income on the accrual basis to be different from (either higher or lower than) "cash provided by operating activities" on the statement of cash flows?

  • Paid advertising expense. IF THE COMPANY PAID ADVERTISING EXPENSES ON ACCOUNT.

Explanation:

You might be interested in
____ cards contain a chip that can store a large amount of information as well as on a magnetic stripe for backward compatibilit
trasher [3.6K]

Answer:

(B)

Explanation:

Europay, Mastercard , Visa (EMV) is a payment method based upon technical standard for smart card payments or ATMs that accept them.

These are smart cards (also referred to as chip cards) that are capable of storing large amount of information and also include a magnetic stripe at the back for backward compatibility.

Smart cards can serve as credit or ATM cards, fuel cards, mobile phone SIMs  etc. Smart card chip can be loaded with funds and can be used for paying parking meters, vending machines or merchants.

4 0
3 years ago
Low Fly Airline is expected to pay a dividend of $7 in the coming year. Dividends are expected to grow at the rate of 15% per ye
Bond [772]

Answer:

Intrinsic value of the stock = $46.67

Explanation:

D1 = $7

Required return = 30%

Growth rate = 15%

Intrinsic value of the stock = D1 / (Required return - Growth rate)

Intrinsic value of the stock = $7/(0.3 - 0.15)

Intrinsic value of the stock =  $7 / 0.15

Intrinsic value of the stock = $46.67

4 0
3 years ago
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither
DiKsa [7]

Answer:

a. Even though I was willing to pay up to $40 for a jersey sweater, I bought a jersey sweater for only $31.

Consumer Surplus;

= 40 - 31

= $9

When the amount that a consumer is willing to pay for something is more than the amount they actually pay, the difference is the Consumer surplus.

b. I sold a used laptop for $137, even though I was willing to go as low as $130 in order to sell it.

Producer Surplus

= 137 - 130

= $7

When the amount that a producer is willing to sell something for is less than the amount they actually sell it for, the difference is the Producer surplus.

c. I was willing to go as low as $130 in order to sell it A local store was having a sale on watches, so I bought a watch for my brother. Neither.

6 0
3 years ago
A firm is considering the acquisition of a new machine. The base price is $85,000 and it would cost $15,000 to install. The mach
Naddik [55]

Answer:

Cash flow year 0   (110,000)

or in other way to express it: a cashoutflow for $110,000

Explanation:

Initial net cahs outflow

this will be the acquisition of the machine cost plus the increase in the working capital for the company

machine cost: all cost necessary for acquire the machien and get it operational

supplier list price        85,000

installation cost       <u>    15,000</u>

total cost                     100,000

Increase in Working Capital Cost 10,000

As these are cost they are negative so we have a cashouflow

Total cashflow    (110,000)

4 0
3 years ago
The movement of parts from one area of the factory to another is considered a value-added activity whereas the storage of raw ma
ivanzaharov [21]

Answer:

TRUE

Explanation:

Value can be defined as the thing for which an customer is willing to pay the price. It is the activity on any shop floor or business for delivering the product or service to the customer for which the customer is ready to pay the price for it.

If the customers does not wish to pay the price, then there is no value.

So inside a factory, in a shop floor, moving a part from one place to another for making a product that the customer is willing to pay is a value added activity. But excess movement or transportation of product does not any value to it, it is then considered as a waste.

Also storing of products is a non value activity as storing a product will not help the customer in any way and a customer will not pay for a product when it is stored and is of no use to the customer.

4 0
3 years ago
Other questions:
  • Maize Water is considering introducing a water filtration device for its 20-ounce water bottles. Market research indicates that
    10·1 answer
  • What is a trade union?
    6·2 answers
  • Mike is considering investing $18,500 in an investment that will have a maturity value of $32,500 in 8 years. if the interest is
    8·1 answer
  • When searching for research on line, one should make sure the information is _________________ to your topic?
    6·1 answer
  • A company paid Jen Rogers, its sole stockholder, a total of $25,000 in dividends during the current year. The entry needed to cl
    8·1 answer
  • For a normal good, an increase in consumer income will cause the market demand for the product to:
    7·1 answer
  • Instead of deciding to finish high school, you could have decided to work full-time. How would an economist explain your decisio
    12·1 answer
  • Effects on currrent ratio
    14·1 answer
  • 1. What are the responsibilities of a section officer?
    5·1 answer
  • 32. Peter must decide if he should add one more dog to his dog-walking business. What is this decision an
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!