Answer:
Cash flows from financing activities = -$12600
Explanation:
Before we determine this company's cash flows from financing activities we should understand what components or cash flows are and/or can be associated with financing activities of a business. Cash flows from financing activities include all those cash flows that are received/paid in financing/funding the entity's operations. All those cash flows that are related to raising funds/finance for the business which normally include cash from issuance of equity/debt/, settlement of mature instruments etc.
So in the question the cash flows that relate to financing activities are as follows;
<em>issued common stock =$64000</em>
<em>paid cash dividend = $14600</em>
<em>settlement of note payable = $50000</em>
<em>payment to acquire treasury stock = $12000</em>
<em />
Cash flows from financing activities = $64000 -$14600 -$50000 -$12000
Cash flows from financing activities = -$12600
In this situation, the company is facing negative cash flows as company has received lower cash from financing and has paid/settled greater amounts.
<em>Note: purchasing of equipment is a cash outflow from investing activities and net income generated is a cash inflow from operating activities.</em>
Answer: d. Rent Revenue, Fees Earned, Miscellaneous Expense
Explanation:
Temporary accounts are also referred to as nominal accounts and they are the accounts that are closed when the year ends and began afresh the following accounting period and they basically relates to fees, expenses and gains.
From the options above, the answer will be option D "Rent Revenue, Fees Earned, Miscellaneous Expense"
Answer:
Bay area segment profit is $29,663
Explanation:
Restin Los Angeles Bay Area Central valley
Revenue 1168000 336000 371000 461000
Variable 654800 184800 205000 265000
Controllable 261000 82000 92000 87000
N controllable 111000 32000 37000 42000
Fixed 23100 6645 7337 9118
Profit 118100 30555 29663 57882
Fixed cost is apportioned to each segment using the percentage revenue generated
Answer:
Dogecoin (DOGE), Floki Inu (FLOKI), and RoboApe Token (RBA) are the top three meme coins on the market in 2022.
Explanation:
Hope it helps!