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Leto [7]
3 years ago
14

Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 32 (8 01:40:41

Business
1 answer:
olga nikolaevna [1]3 years ago
7 0

Answer:

1. Received cash from long-term debt issuance.

Classification: Financing activities

2. Paid long-term debt with cash.

Classification: Financing activities

3. Received cash from short-term debt issuance.

Classification: Financing activities/Operating activities

4. Issued common stock for cash.

Classification: Financing activities

5. Paid cash for wages and salaries.

Classification: Operating activities

6. Received cash interest on a note.

Classification: Operating activities

7. Paid cash for property taxes on building.

Classification: Operating activities

8. Paid cash for utilities.

Classification: Operating activities

9. Sold stock investments for cash.

Classification: Investment activities / Finance activities

10. Received cash from sale of equipment.

Classification: Investment activities

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Closing a sale refers to: A. asking for a referral from a prospective customer.B. being turned down by a prospective customer.C.
ki77a [65]

Answer:

D. obtaining a commitment from the customer.

Explanation:

Closing a sale is the equivalent of making a sale.

To consider a sale done, you need to have a commitment from the customer to buy the product/service you're offering.  That usually mean receiving money or at least firming a binding contract.

None of the other options is describing a complete sale. A and C are potential leads/sales... while B if of course the opposite of closing a sale.

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3 years ago
Here's a question from the text aids. in which countries is the tip usually added to the bill?
Sauron [17]
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3 0
4 years ago
Consider the following events: A petty cash fund of $200 was established on April 1, Year 1. Employees were reimbursed when they
Nady [450]

Answer:

No effect

Explanation:

As with opening of petty cash fund, there is an exchange in the form of asset.

The free cash is now divided in two parts, cash and petty cash.

Both are assets and the closing balance of cash in balance sheet is aggregate of free cash and petty cash.

Therefore, there is no impact in the total assets as now free cash is petty cash which is later added to free cash.

5 0
4 years ago
Without permission, a russian firm names itself mcdonald's and begins selling hamburgers and french fries in russia
Pepsi [2]
This situation is called piracy. It is because the Russian has no legal authority to name their business McDonald's as it was already patented. Only the real McDonald's has the elite rights conceded by a sovereign state to an innovator or chosen one for a restricted timeframe in return for the nitty gritty open revelation of a creation. An innovation is an answer for a particular mechanical issue and is an item or a procedure.
8 0
3 years ago
A new municipal bond issue had a dated date of January 1, 2018. The first coupon was due on August 1, 2018. The customer bought
blsea [12.9K]

Answer:

1 month

Explanation:

The last coupon paid by this bond was made on August 1, 2018, and the transaction is made on September 1, 2018, therefore, only 1 month has passed since the last coupon was paid. Therefore, accrued interests will be charged for only 1 month.

When bonds are sold including accrued interests, they are said to be sold at their dirty price.

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