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tamaranim1 [39]
3 years ago
11

chapter 13Identify the type of cash flow activity for each of the following events (operating, investing, or financing). The com

pany determines net cash flow from operating activities by the indirect method: a. Net income Operating b. Paid cash dividends Financing c. Issued common stock Financing d. Issued bonds Financing e. Redeemed bonds Financing f. Sold long-term investments Investing g. Purchased treasury stock Financing h. Sold equipment Investing i. Issued preferred stock Financing j. Purchased buildings Investing k. Purchased patents
Business
1 answer:
maxonik [38]3 years ago
8 0

Answer:

a. Net income - Operating  

b. Paid cash dividends - Financing

c. Issued common stock - Financing

d. Issued bonds - Financing

e. Redeemed bonds - Financing

f. Sold long-term investments - Investing

g. Purchased treasury stock - Financing

h. Sold equipment - Investing

i. Issued preferred stock - Financing

j. Purchased buildings - Investing

k. Purchased patents - Investing

Explanation

The statement of cash flows is basically made up of three sections: operating, financing and investing activity.

Statement of cash flows, using indirect method is simply a statement that records the cash inflows and outflows after adjusting for non-cash items.

  • Operating activities comprise the adjustment of non-cash items that were already added or subtracted from the net income in preparing the income statement in line with accrual accounting. Then, it records the movement in current assets and liabilities.
  • The Financing section comprises those activities that are geared towards improving the capital structure of the company like issuance of stocks, cash dividend payment, etc.
  • Finally, the Investing activities are those activities involving purchase of equipment or any other assets that would be used in the course of the business to generate revenue.
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Answer:

Total variance= 391 unfavorable

Explanation:

Giving the following information:

Petrus Framing's cost formula for its supplies cost is $1,920 per month plus $11 per frame. For March, the company planned for activity of 632 frames, but the actual level of activity was 639 frames. The actual supplies cost for the month was $9,340.

Estimated= 1,920 + 639*11= 8,949

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Total variance= real - estimated

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3 years ago
What are 3 helpful habits (to prepare for a big test)?<br><br> Plz be specific.
Alenkinab [10]
Hello!

Here are some tips:

• Get a good night's sleep. Believe me, if I don't get at least 7 hours of sleep before a big test, my mind won't function properly and I'll forget everything I'd practised. So, please, get enough sleep.

• Eat something good before the test. It'll help you. When your belly is full, almost everything is okay! :D Seriously, eat enough so that you wouldn't get hungry during the test, and you'll have less to think about. Also, make sure the food doesn't contain too much sugar.

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3 years ago
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you invest $1300 in an account at interest rate r, compounded continuously. Find the time required for the amount to double and
miskamm [114]

Answer:

  • 1. <em>For the amount to double</em>: <u>9.37 years</u>
  • 2. <em>For the amount to triple</em>: <u>14.85 years</u>

Explanation:

The equation for continuosly compounded interest is:

  • F=P\times e^{rt}

Where:

  • P is the amount that you invest today: $1,300
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  • r is the annual interest rate: 0.074

<u>1. For the amount to double:</u>

Substitute the values and solve for t:

             2\times \$1,300=\$1,300\times e^{0.074t}\\ \\ 0.074t=\ln 2\\ \\ t=\ln 2/0.074=9.37years

<u>2. For the amount to triple:</u>

<u />

            3\times \$1,300=\$1,300\times e^{0.074t}\\ \\ 0.074t=\ln 3\\ \\ t=\ln 3/0.074=14.85years

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3 years ago
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Answer:

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Explanation:

Given:

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Purchased unit = 1

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Total cost of the 3 units purchased = $33

Now, the unit sold on October 31 will be the unit purchased in the end i.e on October 28

thus,

Cost of merchandise sold = $ 28

Gross profit = Selling price of the unit - Unit price of purchase

or

Gross profit = $ 28 - $ 15 = $ 13

now, the ending inventory under the LIFO method = $ 5 + $ 13 = $ 18

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FromTheMoon [43]

Answer:

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Explanation:

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