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eimsori [14]
3 years ago
14

Pharoah Corporation engaged in the following cash transactions during 2020. Sale of land and building $187,600 Purchase of treas

ury stock 40,100 Purchase of land 41,300 Payment of cash dividend 89,600 Purchase of equipment 59,400 Issuance of common stock 147,900 Retirement of bonds 110,000 Compute the net cash provided (used) by financing activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Business
1 answer:
Alla [95]3 years ago
3 0

Answer:

See below

Explanation:

The computation of net cash provided is seen below

Proceeds from issuance of common stock

147,900

Less:

Purchase of treasury stock

($40,100)

Less:

Dividend payment

($89,600)

Less:

Retirement of bonds

($110,000)

Cash flow used by financing activities

($91,800)

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An economy starts in a long-run equilibrium, but then a severe drought kills crops and dramatically increases the price of food.
Triss [41]

Answer:

increase the money supply, but prices would forever be higher.

Explanation:

In this scenario, an economy starts in a long-run equilibrium, however a natural disaster such as drought kills crops and dramatically increases the price of food in the market. Thus, if the Federal Reserve wanted to stabilize the economy and return it back to full employment, it would increase the money supply, but prices would forever be higher.

The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.

Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;

I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."

III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.

4 0
3 years ago
Jackson, Inc. produces two different products (Product 5 and Product Z) using two different activities: Machining, which uses ma
Anettt [7]

Answer:

The total Inspection cost assigned to Product Z $ 21,600

Explanation:

Jackson, Inc.

                        Total                      Product 5             Product Z

                        Cost                    %         Amount        %    Amount                                  

Machining,    $306,000,          35       107,100         65     198,900

<u>Inspection      $46,000            40       18,400           60      21,600 </u>

<u>Total                                                    $  125,500                  $ 220,500</u>

<u />

The total Inspection cost assigned to Product Z $ 21,600

The total Machining cost assigned to Product Z $ 198,900

The total Inspection cost assigned to Product 5  $ 18,400

The total Machining cost assigned to Product 5 $ 107,9100

6 0
3 years ago
Genesee Organics has just bought a new packing machine for its warehouse.
Tcecarenko [31]

Answer:

CCA for year 2 is $164,062.50

Explanation:

Total cost of machine = $750,000

CCA rate = 25%

CCA in year 1 = (Total cost / 2) * CCA rate

CCA in year 1 = ($750,000/2)*0.25

CCA in year 1 = $93,750

For year 2, CCA = (Total cost - CCA in year 1) *CCA rate

For year 2, CCA = ($750,000 - $93,750)*0.25

For year 2, CCA = $164,062.50

Hence, CCA for year 2 is $164,062.50

5 0
3 years ago
What recommendation do you have for alikay naturals to improve or replace moisturizing black soap shampoo?
mixer [17]
Alikay naturals are 100% pure that contain vitamins which nourish hair both curly and straight hair. It also contains moisturizer that protects the hair from sun and leaves it shinier, healthier and silkier. Your hair is manageable throughout the day, this product is highly recommended to replace moisturizing black soap shampoo.
6 0
3 years ago
As she prepared financial documents to be discussed at her company's
Lelu [443]

Answer: c) Full Disclosure Principle

Explanation:

The Full Disclosure Principle is a principle in accounting that tries to reduce any information asymmetry between a company and the people who are to have access to their financial statement.

It does so by requiring that all relevant information to the financial statements such as financial overviews for the period are added to the statements so that the readers can understand the transactions that took place as well as the accounting methodology used.

8 0
3 years ago
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