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4 years ago

The purchase of equipment financed by a long-term notes payable is an example of ________.

1 answer:

soldier1979 [14.2K]4 years ago

4 0

A. Non-cash investing and financing activity.

Here, we are using long-term notes, a non-cash activity, in order to purchase equipment to be used in production. This transaction is using non-cash investing in equipment and non-cash financing in order to grow the business. You want to focus on both what is purchased and how it is paid to determine what type of activity it is for the statement of cash flows and other accounting statements.

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Driving a motor vehicle is __________

uysha [10]

A privilege

Good Luck!

7 0

3 years ago

PA9.

meriva

Complete Question:

PA9.

LO 7.3 Fit band's estimated sales are:

OCTOBER 131,982

NOVEMBER 195,723

DECEMBER 249,283

JANUARY 124,298

FEBRUARY 124,284

MARCH 124,373

What are the balances in accounts receivable for January, February, and March if 65% of sales is collected in the month of sale, 25% is collected the month after the sale, and 10% is second month after the sale?

Answer:

JANUARY FEBRUARY MARCH

Amount received from November sales 19,572

Amount received from December sales 62,321 24,928

Amount received from January sales 80,794 31,075 12,430

Amount received from November sales 31,071

TOTAL $162,687 $56,003 $43,501

Explanation:

The balances calculated are based on the following formula:

Amount received = Sales Figure of that month * Percentage

65% in the month of sale is received, 25% in the next month and the residual is received in the second month after sales

For the month of November:

65% of its total sales will be received in november, 25% in the next month(December) and the residual 10% in the second month after sale(January). Likewise for the month of January, we see in the computation that 65% of sales was received in the same month, 25% in the next month February and the residual 10% in the second after sale which is in March.

3 0

3 years ago

How should policymakers determine the amount of money that should be allocated for research curing heart disease? they should b

Vlada [557]

Bigger and larger reductions in the production of one thing are necessary to increase the production of another good. The frontier of the production potential will bow outward.

<h3>What is production?</h3>

Producing goods and services to meet consumer demands is known as production. The method yields the final product. Land, capital, labour, and organisation make up the four components of production.

The production of automobiles is an illustration of production. Parts are put together to create cars. For instance, metal bodywork are given rubber tyres so that seats can be placed before the car rolls off the assembly line.

One of the most crucial steps in the manufacturing process, production is fundamental to what it means to be a manufacturer.

To learn more about production from the given link:

brainly.com/question/13117735

#SPJ4

6 0

1 year ago

The Securities and Exchange Commission: Multiple Choice verifies the accuracy of the information contained in the prospectus. pu

nasty-shy [4]

Answer:

reviews registration statements to ensure they comply with current laws and regulations.

Explanation:

The Securities and Exchange Commission (SEC) is a governmental agency saddled with the sole responsibility of regulating the securities or capital markets, as well as protecting investors in a country.

In the United States of America, the Securities and Exchange Commission (SEC) as an independent government agency was established under the Securities Act of 1933 and the Securities and Exchange Act of 1934 of the United States of America. It has the power to propose securities rules and regulations, and enforce federal securities law in the securities market.

Hence, Securities and Exchange Commission reviews registration statements of bond issuers, investment advisers etc, to ensure they comply with current laws and regulations.

5 0

3 years ago

Podcasts and Wikis Work for Business Podcasts and wikis are part of Web 2.0, which allows users of the web to create content. Pr

Contact [7]

Answer:

b. Project management

Explanation:

Wikis can be used to provide highly interactive environment which is necessary for the project management, as it helps to collaborate, facilitate feedback, and store the information for future use.

5 0

3 years ago

The purchase of equipment financed by a​ long-term notes payable is an example of​ ________.

The purchase of equipment financed by a long-term notes payable is an example of ________.