The repayment of a note payable is classified in the statement of cash flows as a financing activity.
The financing activity in the cash flow statement focuses on how a firm raises capital and pays it back to investors through capital markets. The largest line items in the cash flow from financing activities statement are dividends paid, repurchase of common stock, and proceeds from the issuance of debt.
The cash flow from financing activities helps investors see how often and how much a company raises capital and the source of that capital.
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Answer:
1.23
Explanation:
Inventory turnover is a ratio showing how many times a company has sold and replaced inventory during a given period.
Cost of Sales=Opening Inventory+Purchases-Closing Inventory
=5,500+4,000-3,800= 5,700
Average Inventory= Opening + Closing/2
= 5,500+3,800/2= 4,650
Inventory Turnover Ratio= <u>Cost of Sales</u>
Avg Inventory
= 5,700/4,650=1.23
Joann, most likely, has Point of Services type of insurance plan. There are six types of the insurance health plans that differs by their premium and benefit. The HMO plan, the PPO plan, the EPO plan, and the Point-of-Service Plan (POS) are the types of insurance plan that shares a similar benefit. However, the POS plan gives the most freedom in term of health providers. Thus, POS plan is the most suitable answer.
Answer:
28%
Explanation:
Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).
Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.
Answer:
B. investing activities.
Explanation:
Cash flow transactions are categorized into three categories,
- Operating
- Investing
- Financing
Under Investing activities a company invests the money or cash in some sort of securities, in our case case loan, while investing it gives the money to some third person, then it gets return like interest or dividend on such amount.
Here, the company has lend some money in the form of loan and then it collects the loan, therefore it is investing activity.
Exceptionally if a company is a banking or NBFC companies then it lends money in normal course, and then collects them back in that case it is operating activity.
In general it is
B. investing activities.
