All categories

3 years ago

Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations

Business

1 answer:

vazorg [7]3 years ago

3 0

Answer:

operating activities

services collected 8,500

account collected 3,900

wages for the perid (2.500)

purchase in cash

supplies (3,300)

advertisement (910)

payment to suppliers (900)

Cash generated from operating activites: 4,790‬

investing activities

purchase of suite (45,000)

office equiment purchase (5,000)

cash used for investing activites 50,000

financing activities

Lopez cash contributiion 61,000

Lopez withdrawals (1,400)

cash generated from financing activites 59,600

cash generated for the period 14,390

beginning of the period 0

Ending Cash 14,390

Explanation:

We have to associate each transaction with a cash flow activity.

The first step is checkthe cash involve, we will ignore anythign that is not cash.

then

(A) the contribution finance the business so financing

(B) this suite will be used for several period. It will be the base of operation from the business, is an investment

(d) we record only for the cash used

(e) paid for an operational cost

(f) no cahs involve

(g) collected from business activities

(h) withdraw from the owner, a (des)financing

(i) receive cash from their activities, operating

(j) payment for equipment, this cash is invest in the equipment

(K) paid for wages, that is an operational cost, without secreaty the firm won't operate

You might be interested in

Efficiency-wage theory suggests that paying a. high wages might be profitable because they lower the efficiency of a firm’s work

Greeley [361]

Answer: Option B

Explanation: In simple words, efficiency theory states that direct monetary benefit is the best motivator for the worker and if the employer pays high wage then the worker will definitely work more efficiently.

It further states that higher wage will be covered by the extra benefit that the worker will provide with his or her performance.

Thus, the correct option is B.

4 0

3 years ago

Russ and Linda are married and file a joint tax return claiming their three children, ages 4, 7, and 18, as dependents. Their ad

Anit [1.1K]

The correct answer is:

c. $3,700

6 0

3 years ago

MC Qu. 122 Walter Enterprises expects... Walter Enterprises expects its September sales to be 20% higher than its August sales o

padilas [110]

Answer:

Ending cash balance $67,900

Explanation:

The computation of the ending cash balance is given below:

Schedule of expected cash collection for September

From august sales (70% of 225,000) 157,500

From sept. sales (30% of 270,000) 81,000

Total cash collection$238,500

Now

Schedule of expected cash payment

For august purchase (80% of 175,000) 140,000

Foor september purchase (20% of 195,000) 39,000

Total cash payment $179,000

Now

Beginning cash balance 8,400

Budgeted cash collection 238,500

Total available cash 246,900

Budgeted cash payment -179,000

Ending cash balance $67,900

7 0

2 years ago

If a production function is getting flatter as number of workers hired increases from 12 to 13; then the total cost curve would

Paha777 [63]

Answer:

True

Explanation:

The production function is getting flatter since the marginal productivity of the 13th worker is lower than the marginal productivity of the 12th worker, e.g. the 12th worker produced 10 units per hour, the 13th worker only produces 9 units per hour.

The total cost curve will get steeper because the total cost of producing more goods will increase due to the lower marginal productivity of the 13th worker, e.g. since both workers earn $10 per hour, the units produced by the 12th worker will have a direct labor cost of $1 per unit, while the units produced by the 13th worker will have a direct labor cost of $1.11 per unit.

3 0

3 years ago

What is a challenge to reporting to more than one manager in a matrix organization? What might be a benefit?What is a challenge

raketka [301]

Answer:

Matrixed organisations can be more efficient than conventional hierarchical organisations in maximising resource use and delivering job development at a faster rate. They could also be slightly frustrating, noisy and more effective if performed incorrectly.

Potential drawbacks in answering to several executives:

Specific Management goals

Diverse modes of service

Varying political strategies

Related Space Access

Specific timescales of their intentions

Potential benefits of answering to several executives:

Connection to a broader network

Chances to switch to other areas of the company improved

Project development opportunities to develop organisational skills

Expanded capabilities for the company to see the larger picture

5 0

2 years ago