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Oksana_A [137]
3 years ago
5

During its 1st month of business, Noodlecake's cash increased by receiving $5,000 from issuing common stock to its owners, borro

wing $2,000 from bank, and collecting $3,000 from its customers. Its cash decreased by paying $2,000 to its enmployees and suppliers and $3,000 for the purchase of equipment. On its statement of cash flows, Cash Provided by Operating Activities equals $______ Cash from Investing Activities equals $________ Cash from Financing Activities equals $_______ Be sure to use and the Change in Cash equals $_______ parentheses around the amount if it is a cash outflow, e.g. $(1,000)
Business
1 answer:
Anestetic [448]3 years ago
3 0

Answer:

Noodlecake

On its statement of cash flows, Cash Provided by Operating Activities equals $__1,000____ Cash from Investing Activities equals $__(3,000)______ Cash from Financing Activities equals $_7,000______  and the Change in Cash equals $_5,000______ Be sure to use parentheses around the amount if it is a cash outflow, e.g. $(1,000)

Explanation:

a) Data and Calculations:

Financing activities:

Common stock $5,000

Bank loan            2,000

Net cash           $7,000

Operating activities:

Cash from customer $3,000

Cash to employees   (2,000)

Net cash                    $1,000

Investing activities:

Equipment     ($3,000)

Net cash from cash flows = $5,000

The net cash from cash flows or the change in cash flows is the summation of the changes in the operating, investing, and financing activities of Noodlecake during the period under review.  It shows by how much the cash has increased or decreased when compared to the beginning balance, which can be zero as in this case.

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As a new investment adviser (IA) firm, your company wants to obtain more clients. In an attempt to do so, one of the employees s
IRISSAK [1]

Answer:

D) is not acceptable because such a guarantee would cause a conflict of interest pertaining to the IA's fiduciary duty to each client

Explanation:

The members of the North American Securities Administrators Association (NASAA) must follow their Model Rule which prohibits investment adviser firms from guaranteeing investment results, in other words they cannot guarantee a minimum profit.

In this case the employee suggested that if their clients didn't earn a minimum 12% profit, then they would refund any fees collected. But the IA firm is not allowed to guarantee the 12% value increase or profit.

8 0
3 years ago
Newtech Inc. hires John for the position of a software programmer to work on their new project. Salary paid to John by Newtech I
mote1985 [20]

Answer:

Direct Cost.

Explanation:

As Newtech Inc. has hired John for the position of a software programmer to work on their new project. Salary paid to John by Newtech Inc. would be direct cost. Direct costs are the costs which can be tied directly to the manufacturing of products and services and they can be traced very easily as well. Labor cost, commissions, manufacturing supplies, direct material are the direct costs which can traced back to the manufacturing products quite easily.

3 0
3 years ago
Raphael Corp. incorrectly expensed a major addition to equipment when the company should have capitalized the expenditure. What
noname [10]

When Raphael Corp. incorrectly mentioned an expense of equipment addition instead of capitalizing the effect of the same, then in such case, the net income of the company is understated in the financial statements.

<h3>What is net income?</h3>

The income which is left at the end of an organization at the end of a financial period after making all the regulatory and compliant payments and deductions, such as taxes and depreciation, it is known as net income.

Hence, the significance of net income is aforementioned.

Learn more about net income here:

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7 0
2 years ago
Hubert lives in San Francisco and runs a business that sells boats. In an average year, he receives $842,000 from selling boats.
aev [14]

Answer:

Explicit costs are normal costs of operating a business.

Implicit costs are opportunity costs meaning that they are the benefits foregone by engaging in a certain course of action.

The wholesale cost for the pianos that Hubert pays the manufacturer ⇒ EXPLICIT COST.

The salary Hubert could earn if he worked as an accountant ⇒ IMPLICIT COST.

The wages and utility bills that Hubert pays ⇒ EXPLICIT COST

The rental income Hubert could receive if he chose to rent out his showroom. ⇒ IMPLICIT COSTS

Accounting Profit = Revenue - Explicit costs

= 842,000 - 452,000 - 301,000

= $89,000

Economic Profit = Revenue - Explicit costs - Implicit costs

= 842,000 - 452,000 - 301,000 - 38,000 - 48,000

= $3,000

If Hubert's goal is to maximize his economic profit, he <u>should</u> stay in the piano business because the economic profit he would earn as an accountant would be -$3,000.

<em>Economic profit as accountant = Salary + rental income - accounting profit from piano</em>

<em>= 48,000 + 38,000 - 89,000</em>

<em>= -$3,000</em>

6 0
2 years ago
A coin collector treasures his 1969minusS doubled die obverse Lincoln cent because he found it in his pocket​ change, rather tha
Anna [14]

Answer:

$35,000

Explanation:

The value of the coin is equivalent to the selling price i.e $35,000

As it is mentioned in the question that coin would be sell in the open market instead of purchasing it

Since the coin is sold at the open market so the same is to be considered

And, therefore the value of the coin is $35,000

Hence, the first option is correct

4 0
3 years ago
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