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notsponge [240]
2 years ago
9

The following cash transactions occurred during the period. INTEREST RECEIVED IN CASH $18,000

Business
1 answer:
nikklg [1K]2 years ago
5 0

Answer:

OPERATING ACTIVITIES

SOURCES: INTEREST RECEIVED IN CASH $18,000, the company receives money

(USES:) PAYMENT OF WAGES TO EMPLOYEES $35,000, the company pays wages

INVESTING ACTIVITIES

SOURCES: NONE

(USES:) PURCHASE OF A PIECE OF EQUIPMENT FOR CASH $120,000  , the company pays for the equipment

FINANCING ACTIVITIES

SOURCES: NONE

(USES:) DISTRIBUTION OF CASH DIVIDEND DECLARED LAST YEAR $25,000, the company pays dividends

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Answer:

c. $8

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Calculation to determine the selling price

First step is to calculate the Markup percent

Markup percent= (90,000 + 150,000) / (30,000 x 15)

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Now let calculate the selling price

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The treasurer of a major U.S. firm has $40 million to invest for three months. The interest rate in the United States is .28 per
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Answer:

Check the explanation as follows.

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a) If it is invested in US

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In a market economy with perfect competition, sellers
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There are a large number of buyers and sellers in a perfectly competitive market. The sellers are small firms, instead of large corporations capable of controlling prices through supply adjustments. They sell products with minimal differences in capabilities, features, and pricing.

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quarterly coupon payment = $22.25

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