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3 years ago

Financing activities involve:

Business

1 answer:

Svetradugi [14.3K]3 years ago

5 0

Answer:

Option B. Long-term liability and owners' equity items.

Explanation:

The reason is that financing activities involves the borrowings and raising funds either for financing its growing business working capital or for the investment in one or more than one projects which will generate value for the company. Furthermore, the financing activity also includes the paying off the debts, interest payments and dividend payments.

Acquiring & disposal of assets and income earned by lending other companies are investments and falls under the investing activities.

The cash generated by the sale of products and services are the cash generated from the operating activities as it is the core operation of the company.

So the only option which is correct is option B.

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4 years ago

If the note bears interest at 12%, how many months has it been outstanding?

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Answer:

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3 years ago

At the beginning of the year, the Finance Committee and the Planning Committee of a certain company each had n members, and no o

Alexus [3.1K]

The ratio of the total number of members who left at the end of the year to the total number of members at the beginning of the year was 1:6.

There were 24 members on the Finance Committee at the beginning of the year.

Explanation:

We are given that at the beginning of the year, the Finance Committee and the Planning Committee of a certain company each had n members, and no one was a member of both committees. At the end of the year, 5 members left the Finance Committee and 3 members left the Planning Committee.

First, we see that the total number of members of both committees at the beginning of the year is 2n. Also, since 5 members left the Finance Committee, the number of members who are on the Finance Committee at the end of the year is n – 5 and since 3 members left the Planning Committee, the number of members who are on the Planning Committee at the end of the year is n – 3.

We need to determine the value of n.

Considering the Statement in the question

The ratio of the total number of members who left at the end of the year to the total number of members at the beginning of the year was 1:6.

We know that a total of 8 individuals left the committees at the end of the year. Using the information in statement one we can set up the following equation:

(number of members who left)/(members at the beginning)

8/(2n) = 1/6

Cross-multiplying, we obtain:

48 = 2n

24 = n

Thus, there were 24 members on the Finance Committee at the beginning of the year.

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