Answer:
Net cash provided by financing activities $334,000
Explanation:
The question is to determine the cash flow from the organisation's financing activities as follows.
The statement of Cash flow of an organisation is divided into Cash flow from Operating, financing and Investing activities
A few of the items in the question will not reflect as follows:
1) The net income is part of the operating activities and will not be part of the financing activities
2) The purchase of equipment will be part of the investing activities not financing activities
Cash flows from Financing Activities
Description Amount ($)
Cash received from the common Stock 71,000
Payment of cash dividends 16,000
Payment to settle note payable 130,000
Payment to acquire treasury stock 117,000
Net cash provided by financing activities 334,000
Answer and Explanation:
The closing journal entries are shown below:
1. Appropriations Dr $305,000
To Estimated revenues $300,000
To BUdgteary fund balance $5,000
(Being budgetary accounts are closed),
2. Revenues Dr $300,000
To Expenditures $285,000
To Fund balance $15,000
(Being the financial accounts are closed)
Answer:
The present-day value of the earnings over 15 years as a result of this loan and investment venture is:
= $24,998.51.
Explanation:
a) Bank loan = $25,000
Annuity Payment = $2,745 yearly
Period of loan = 15 years
Effective annual interest rate = 7%
Effective annual return = 10%
Future value of $25,000 at 10% for 15 years = $25,000 * 4.1777
= $104,425
The present-day value of $104,425 over 15 years at 10% effective annual return, using an online financial calculator =
N (# of periods) = 15 years
I/Y (Interest per year) = 10 years
PMT (Periodic Payment) = 0
FV (Future Value) = $104,425
Results
PV = $24,998.51
Total Interest $79,426.49
Answer and Explanation:
The complementary goods are those goods which are used together while on the other hand the substitute goods are those goods that are used in place of one another
Based on this, the classification is as follows
1. Complementary goods
2. Substitute goods
3. Substitute goods
The above represents the classifications
Answer: a form of government in which state authorities, rather than elected members, make the majority of important decisions.
Explanation: hope this helps
