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3 years ago

Categorize each transaction according to the U.S. account to which it belongs and the direction the money flows.

Business

1 answer:

diamong [38]3 years ago

6 0

Answer: The transactions along with the money flow are as follows:

Explanation:

a. When an Australian company purchases steel from the U.S firm then the U. S firm receives the payment for its sale of goods.

b. The purchase of foreign currency will in turn be the payment to the foreigners.

c. The profit earned by the U.S based company is factor income. It is the payment obtained from the foreigners.

d. The English company is buying the assets from the U.S. confectionery manufacturer. This will involve the private sale as well as the purchase of the assets and payment from foreigners.

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Windsor, Inc. reported the following selected information at March 31. 2017 Total current assets $234,000 Total assets 440,000 T

iren [92.7K]

Answer:

The current ratio, the debt to assets ratio, and free cash flow for March 31, 2017 is 0.8 : 1, 90.20%, $26,000 respectively.

Explanation:

Current ratio = Current assets ÷ current liabilities

= $234,000 ÷ $292,500

= 0.8 : 1

Debt ratio = Total liabilities ÷ Total assets

= $369,600 ÷ $440,000

= 90.20%

Free cash flow = Net cash provided by operating activities - dividend paid - capital expenditure

= $64,000 - $12,000 - $26,000

= $26,000

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On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the not

k0ka [10]

Answer:

The journal entry would be:

Explanation:

Note: Options are missing so providing the journal entry.

The journal entry would be for recording the collection of the note is:

October 30

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Interest Revenue A/c.........Cr $150

Notes Receivable A/c.........Cr $10,000

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