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KengaRu [80]
3 years ago
14

Exercise 4-15A Calculate net cash flows (LO4-7) Below are several transactions for Meyers Corporation for 2021. Issue common sto

ck for cash, $40,000. Purchase building and land with cash, $25,000. Provide services to customers on account, $6,000. Pay utilities on building, $500. Collect $4,000 on account from customers. Pay employee salaries, $8,000. Pay dividends to stockholders, $3,000.
Business
1 answer:
Maru [420]3 years ago
7 0

Answer:

$12,600

Explanation:

Particulars                                                              Amount

a. Issue common stock for cash                            $40,000

b. Purchase building and land with cash,            -$25,000

c. Provide services to customers on account       $6,000

d. Pay utilities on building                                      -$500

e. Collect $4,000 on account from customers     $4,000

f. Pay employee salaries                                        -$8,000

g. Pay dividends to stockholders                          -<u>$3,900</u>

   Net Cash Flow                                                    <u>$12,600</u>

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International foods corporation insures its real and personal property, as well as the lives of its key employees, to protect it
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International foods corporation insures its real and personal property, as well as the lives of its key employees, to protect its financial interest should some event undermine its security. this is:____.

Food Security

What is meant by food security ?

According to the Committee on World Food Security of the United Nations, food security is the state in which all people, at all times, have physical, social, and economic access to enough, safe, and nourishing food that satisfies their dietary needs and food preferences for an active and healthy life.

International Foods Corporation insures its real estate, personal belongings, and the lives of its key personnel in order to safeguard its financial interests in the event that something were to compromise its security. Food security is this.

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3 0
2 years ago
A company's sales in Seattle were $410,000 in 2012, while their sales in Portland were $290,000 for the same year. Complete the
REY [17]

Answer:

a)   41.38%

b)  29.26%

c)  70.73%

Explanation:

We should check agsint whom is the comparrison to deteminate the base.

If we compare "than Portland's" this means portland is the year base.

a) Seattle / Portland

410,000 / 290,000 - 1 = 41.3793 = 41.38%

b) 1 - Portland / Seattle  = 1 - 290,000/410,000 = 29.26%

c) Portland / Seattle = 290,000 / 410,000 = 70.7317%

4 0
3 years ago
uestion 31 Oriole Company has the following inventory data: July 1 Beginning inventory 114 units at $19 $2166 7 Purchases 399 un
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Answer:

$7,714

Explanation:

The computation of the cost of good sold under LIFO method is shown below

But before that following calculations need to be done

Goods sold = Beginning inventory + Purchases - Ending inventory

= 114 + (399 + 57) - 190

= 380 units

Now 380 units sold would include 57 units of July 22 purchases and balance i.e. (380-57)  323 units of July 7 purchases

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3 years ago
Suppose the demand for corn increases while at the same time the supply of corn also increases. As a result, the equilibrium pri
kvv77 [185]

Answer:

Rise, fall, or remain unchanged and equilibrium quantity of corn will increase.

Explanation:

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4 0
3 years ago
Able Pads, Inc., sells plain white printer paper in a perfectly competitive market. What does its individual demand curve look l
nirvana33 [79]

Answer:

The demand curve will look like a straight  line .

Explanation:

Perfect competition is that in which there are large number of buyers and large number of sellers of a commodity and no individual sellers or buyer can control the prices. If the seller try to influence the price then they will loss their buyers as there are many other seller also exist in the market.

Under perfect competition , the firm produce homogeneous product. Both buyers and sellers have full knowledge of the market.

The curve under perfect competition is indicated by horizontal . It shows that a firm can sell any quantity of a product at the prevailing price . And no quantity if they  influence the price.

<u>The figure under shows the curve:</u>

3 0
3 years ago
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