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Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in

Scilla [17]

Answer:

Transaction Type of Activity Cash Inflow or

Cash Outflow

1 Payment of employee salaries Operating Cash outflow

2. Sale of land for cash Investing Cash Inflow

3. Purchase of rent in advance investing Cash outflow

4.Collection of an account receivable Operating Cash inflow

5.Issuance of common stock Financing Cash inflow

6.Purchase of inventory Operating Cash outflow

7.Collection of notes receivable Investing Cash inflow

8.Payment of income taxes Operating Cash outflow

9. Sale of equipment for a note recei. Non cash No effect

10. issuance of bonds Financing Cash inflow

11. Loan to another firm Investing Cash outflow

12. Payment of a long term note pay. Financing Cash outflow

13. Purchase of treasury stock Financing Cash outflow

14. Payment of an account payable Operating Cash outflow

15. Sale of equipment for cash Investing Cash inflow

Explanation:

Statement of cash flows shows the cash generated and expended by an entity during an accounting period. The statement divides the inflow and outflow of cash into three sections: operating, investing and financing activities.

Operating activities contain activities relating to cash inflow and outflow of entity`s primary operation during a given year. Example of this inflow and outflow are cash receipt from customers and cash payment to vendors.

Investing activities contain activities relating to entity`s investment in assets. Example includes cash received from disposal of an asset.

Financing activities contain activities relating to entity`s relationship with provider of capital like equity owner and debt holder.

Cash inflow refers incoming of cash into the business. Example includes cash received from customers. Cash outflow refers to outgoing of cash from the business. Example includes cash paid to vendors.

3 0

3 years ago

Which of the following is a distinct advantage of exporting? A. Absolute control over operations in the foreign nation B. It may

victus00 [196]

Answer: B. It may help a firm achieve experience curve and location economies

Explanation: Exporting is defined as the act of conveying or sending commodities abroad or to another country, in the course of commerce. Exporting provides a distinct advantage to firms in that it helps them achieve experience curve (which posits that the more experience a business has in the production of product, the lower its costs in producing the product) and location economies (the production of a good or product under the most optimum settings that confers an added advantage in cost of productions over their competitors).

7 0

3 years ago

The publisher from needs to change his calculations. Before the book is actually produced, rising paper costs increase variable

Lerok [7]

Answer:

As the variable cost increased by $2.10 per book so if publisher wants to start making profit at same level of production then it should increase the selling price of the book by $2.10. As the increase in cost and selling price will be same so the publisher will also start making profit at same production level.

6 0

3 years ago

UkoKoshka [18]

Answer:

Increases; Ambiguous effect on equilibrium quantity

Explanation:

This situation states that the supply of hotel rooms decreases and the demand for hotel rooms increases due to the hurricane, so this change will shift both the supply curve and the demand curve in the hotel rooms market.

This will shift the supply curve leftwards and demand curve rightwards, therefore as a result, there is an increase in the equilibrium prices and the effect of this change on the equilibrium quantity is ambiguous because that will be dependent upon the magnitude of the shifts of demand and supply curve.

5 0

3 years ago

Which of the following scenarios could lower a firm’s demand for labor? Correct Answer(s) James operates a restaurant in a seasi

Sedaia [141]

Answer:

James operates a restaurant in a seaside tourist town. It is winter and all the tourists have left

Rex invests in new computer software that will automate his bookkeeping.

Explanation:

In winter, the patronage at James' resturant would drop because tourists would have left. Because demand at the resturant has dropped, James would reduce his demand for Labour which are his staffs. He would let some staffs go temporarily to reduce costs .

If Rex invests in a software that automates his book keeping, he wouldn't need an accountant to help with his book keeping, so demand for labour would fall.

After Katie's competition closes down, more people would patronise Katie. Katie's demand for Labour would increase because of the influx of customers.

Amy would need labour to obtain wood; her demand for Labour would increase.

If school is just resuming, there would be a high influx of people into the bookstore, the bookstore would increase its demand for Labour because of the high influx of customers .

I hope my answer helps you.

8 0

3 years ago