Answer:
Cash flow provided from operating activities 12,700
Explanation:
Net Income: 10,500
Depreciation expense 5,500 a
Adjusted income 16,000
Change in working capital
↓Account Receivable 3,500 b
↑Inventory (7,500) c
↑Salaries payable 700 d
Total Change in working capital (3,300)
Cash flow provided from operating activities 12,700
<u>Notes:</u>
a The depreciation is a non-monetary concept it has no impact in cash. It is removed.
b The decrease the AR means cash was collected, therefore the cash increase
c The increase in inventory represents cash being used to purchase that inventory. Cash decreased
d the salaries payable represent the delay of cash disbursement, it increases cash.
YES ALL MAJOR COMMITTES AND BOARDS OF THE GENERAL FRATERNITY
Answer:
happy birthday
Explanation:
happy birthday to you wish I m
Answer:
C. Supply Curve
Explanation:
Supply : Quantities sellers are able & willing to sell at a price , period . Determinants : Price (price supply direct relationship - upward sloping curve) , Inputs Price , Other goods price , Technology , Govt Policy , Seasonal factors .
Change in supply due to Price is 'Change in Quantity supplied' , leads to movement along the curve . Change in Supply due to other factors is 'Change in Supply' & shifts the curve
Damage of orange crop will decrease its supply & hence derived supply of its by product orange juice .
Since the decrease in supply is due to other (seasonal) factor , it will shift the supply curve - decrease it & leftward shift . This supply deficiency leads to excess demand raising the equilibrium prices finally .
Answer:
a. Prepare the journal entries to record the share issuances.
- Dr Cash 500,000
- Cr Preferred stocks 200,000
- Cr Additional paid in capital - preferred stocks 300,000
- Dr Cash 160,000
- Cr Common stocks 160,000
b. Prepare the journal entry for the issuance of the common stock assuming that it had a stated value of $10 per share.
- Dr Cash 160,000
- Cr Common stocks 80,000
- Cr Additional paid in capital - common stocks 80,000
c. Prepare the journal entry for the issuance of the common stock assuming that it had a par value of $2 per share.
- Dr Cash 160,000
- Cr Common stocks 16,000
- Cr Additional paid in capital - common stocks 144,000
