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damaskus [11]
3 years ago
7

in preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included

as a(n):
Business
1 answer:
Nana76 [90]3 years ago
7 0

Answer:

In preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):

source of cash.

Explanation:

Accounts payable are liabilities owed to suppliers for goods or services. They are listed on the balance sheet under current liabilities and on the cash flow statement under operating activities. When preparing the statement of cash flows, an increase in accounts payable is regarded as a source of cash while a decrease is regarded as a use of cash.

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Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 140 shares of its common st
Ratling [72]

Answer: $70

Explanation:

First, we need to calculate the purchase price per share and this will be:

= Purchase amount / Number of shares bought

= $7000 / 140

= $50 per share

Therefore, the balance in the Paid-in Capital, Treasury Stock account on August 2 will be:

= [70 × ($52 - $50)] + [70 × ($49 - $50)]

= (70 × $2) + ($70 × $-1)

= $140 - $70

= $70

4 0
3 years ago
In the context of the strategies for reaching global markets, a(n) _____ is a firm that is offered the right to produce and mark
VladimirAG [237]

A licensing firm is a firm that is offered the right to produce and market another firm's products if it agrees to specific operating requirements.

<h3>What is a licensing firm?</h3>

A firm, which does not have a product of its own, but specializes in production and marketing of its client firms' products by the way of obtaining a licensed agreement, it is known as a licensing firm.

For example, in India, Varun Beverages Ltd. is a licensing firm that has been offered the rights to produce and market the products for PepsiCo.

Hence, the significance of a licensing firm is aforementioned.

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brainly.com/question/1236640

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4 0
2 years ago
Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a s
olasank [31]

Answer:

A. $10.75

B. May $6,288.75

June $4,407.5

Explanation:

A . Calculation to Determine Shadee's budgeted manufacturing cost per visor.

Budgeted direct Material $4.00

Direct labor $3.6

(0.30*$12)

ariable manufacturing overhead is $1.25

Fixed overhead per unit is $1.90

Budgeted manufacturing cost per visor $10.75

Therefore Shadee's budgeted manufacturing cost per visor is $10.75

B. Computation for Shadee's budgeted cost of goods sold for May and June.

May June

Expected sales units 585 410

Minimum cost per unit $10.75 $10.75

Budgeted cost of goods sold for May and June

$6,288.75 $4,407.5

May (585*$10.75=$6,288.75)

June(410*$10.75=$4,407.5)

Therefore the budgeted cost of goods sold for May is $6,288.75 and June is $4,407.5.

3 0
3 years ago
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation:
shtirl [24]

Answer:

Find the balance sheet in attached excel file

Explanation:

Please note that the workings is before the final figures placed in respective columns.

Download xlsx
6 0
3 years ago
July 15 Declared a cash dividend payable to common stockholders of $166,000. August 15 Date of record is August 15 for the cash
Anna35 [415]

While the organization declares the dividend it will create a liability for the employer. legal responsibility is already created whilst the dividend is said on 15 July, therefore there may be no want to file the magazine access again on 15 August.

A cash dividend is the distribution of finances or cash paid to stockholders generally as part of the employer's cutting-edge earnings or amassed profits. cash dividends are paid directly in money, instead of being paid as a stock dividend or a different form of price.

Dividend earnings are described by using the IRS as any distribution of an entity's assets to its shareholders. whilst they are generally cash, dividends can also be in the form of stock or some other property. typically dividend earnings are the distribution of an organization's taxable profits to its investors.

To be eligible for dividends, you need to be preserving the inventory in your Demat account on the report date of the dividend issue. You must have offered the stock at least someday before the ex-date so that the stocks are brought for your Demat account with the aid of the report date.

Learn more about cash dividend here: brainly.com/question/25845157

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5 0
2 years ago
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