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3 years ago

Ayayai Inc. had the following balance sheet at December 31, 2019.

Business

1 answer:

Mrrafil [7]3 years ago

8 0

Answer:

(a) Increase in cash = $50,200

(b) Total Assets = Liabilities and Stockholders' Equity = $298,900

Explanation:

Note: There are errors as date and name inconsistency in the requirements in this question. The requirements are therefore correctly stated before answering the question as follows:

(a) Prepare a statement of cash flows for the year 2020 for Ayayai Inc.

(b) Prepare the balance sheet as it would appear as of December 31, 2020.

The explanation of the answer is now provided as follows:

(a) Prepare a statement of cash flows for the year 2020 for Ayayai Inc.

Note: See part (a) of the attached excel file for the statement of cash flows for the year 2020 for Ayayai Inc.

In the attached excel file, we have:

Increase in cash = $50,200

(b) Prepare the balance sheet as it would appear as of December 31, 2020.

Note: See part (b) of the attached excel file for the balance sheet as it would appear as of December 31, 2020.

In the attached excel file, we have:

Total Assets = Liabilities and Stockholders' Equity = $298,900

Download xlsx

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7 0

2 years ago

SCREEN SHOT / MAX POINTS / WILL MARK BRAINLIEST Match the term to the definition. mixed economy The method a country uses to ans

Stolb23 [73]

Answer:

Mixed economy - combined elements of the command and market economies

Market economy- The resources are owned and controlled by the people of the country

Economic system - The method a country uses to answer the three economic questions market economy

Traditional economy- Goods and services are produced the way it has always been done

Capitalism- The private ownership of economic resources by individuals, rather than by the government

Command economy- The resources are owned and controlled by the government command economy

3 0

3 years ago

Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The nego

Assoli18 [71]

Answer:

Land $434,696

Land improvements $108,609

Building $1,720,600

To Cash $2,263,905

(Being the amount paid in cash is recorded)

Explanation:

The journal entry is shown below:

Land $434,696

Land improvements $108,609

Building $1,720,600

To Cash $2,263,905

(Being the amount paid in cash is recorded)

The land, land improvements and the building increases the assets so it is debited while the cash is credited as the cash is paid

The computation of the land is shown below:

= Purchase price of the land + purchase price for the old building + paid amount for tear down the old building + cost to fill and level the lot

= $224,000 + $119,000 + $37,000 + $54,696

= $434,696

7 0

3 years ago

Which of the following is true?

pentagon [3]

Answer:

c.Rents occur at the beginning of each period of an annuity due.

Explanation:

First, know the difference between Ordinary annuity and Annuity due.

In Ordinary annuity, recurring payments occur at the end of the payment period; for example at the end of every month, end of ever year , end of every quarter etc.

On the other hand, in the case of Annuity due, the recurring payments occur at the beginning of the period like at the beginning of the month, beginning of the year;Jan 1st, or beginning of every quarter

In the case of rent, tenants pay rent at the beginning of each month making this type of payment an Annuity Due.

3 0

3 years ago

Katie Homes and Garden Co. has 14,000,000 shares outstanding. The stock is currently selling at $66 per share. If an unfriendly

Nesterboy [21]

Answer:

a. 2,800,000 shares

b. $49.50

Explanation:

a. Poison is a tactic used by a company threatened with an unwelcome takeover bid to make itself unattractive to the bidder

Shares that the unfriendly outside group must acquire for the poison pill to go into effect is

= 20% of 14,000,000 shares.

= 14,000,000 × 20%

= 2,800,000 shares

b. The new purchase price for the existing stockholders will be

=$66 × (1 - 0.25)

= $49.50

7 0

3 years ago