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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

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Answer:

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Explanation:

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3 years ago

Suppose the U.S. and Japan both produce airplanes and televisions and the U.S. has a comparative advantage in the production of

EastWind [94]

Answer:

d. both countries, as whole, will be better off.

Explanation:

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2 years ago

A bank has $8,000 in deposits and $6,000 in loans. It has loaned out all it can given the reserve requirement. It follows that t

Wittaler [7]

Answer:

c. 25 percent.

Explanation:

The computation of the reserve requirement percentage is shown below:

Given that

Deposits made = $8,000

Loans = $6,000

So the required reserve is

= deposits made - loans

= $8,000 - $6,000

= $2,000

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DaniilM [7]

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