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Pie
3 years ago
13

Kiley Corporation had these transactions during 2022. Classify transactions by type of activity.

Business
1 answer:
Allushta [10]3 years ago
7 0

Answer:

Cash flow from Operating Activities

f. Collected $16,000 from sale of goods.

g. Paid $18,000 to suppliers.

Cash flow from Investing Activities

e. Sold a long-term investment with a cost of $15,000 for $15,000 cash.

Cash flow from Financing Activities

b. Issued $50,000 par value common stock for cash.

d. Declared and paid a cash dividend of $13,000.

None-Cash Activity

a. Purchased a machine for $30,000, giving a long-term note in exchange.

c. Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.

Explanation:

Operating Activities - Results from business daily trading operations with customers and suppliers.

Investing Activities - Results from purchases and sell of assets and investments

Financing Activities - Results from a company`s efforts in raising and repayment of capital

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People who combine natural resources, labor, and capital in a profitable venture are called entrepreneurs.
svlad2 [7]
Answer
It’s not accurate but...,
Entrepreneur is an individual who creates business
Bearing most of the risks and enjoying most of the reward
Commonly seen as an innovator, a source of new ideas, goods, service and business
Hope it helps at least a little
Sorry if it’s not correct or useless
8 0
3 years ago
Ken, a C.P.A., charges an annual fee to all of his clients for his services. Ken's services sometimes include investment advice
blondinia [14]

Answer:

C) When he begins advertising the availability of the investment advisory services.

Explanation:

The Investment Advisor Act of 1940 states that an individual is subject to regulation as an investment advisor if the individual gives investment advice and advertises himself/herself as offering such investment advisor services.

In this case, the moment Ken begins advertising his advisor service, he is subject to regulation under the Investment Advisor Act of 1940.

7 0
3 years ago
J & B Corp. is investing in a major capital budgeting project that will require the expenditure of $20 million. The money wi
DaniilM [7]

Answer:

a) WACC = 12.20%

Explanation:

Weighted average cost of capital is computed by allocating weights to different capitals.

Cost of bonds = Cost of debt = 5%

Cost of preferred stock = 9%

Cost of equity = 16%

As it is new issued and not from retained earnings.

With weights cost will be as follows

Bonds = 5% X $5/$20 = 1.25%

Preference share = 9% X $3/$20 = 1.35%

Equity = 16% X $12/$20 = 9.6%

WACC = 1.25 + 1.35 + 9.6 = 12.20%

7 0
4 years ago
Read 2 more answers
Suppose that a house is worth $350,000 today. If house prices are expected to decline by 15% for each of the next two years. How
zhenek [66]

Answer: $‭252,875‬

Explanation:

This concerns a value in future (2 years) so the future value formula can be used;

= 350,000 * ( 1 - 15%) ²

= $‭252,875‬

House will be worth $‭252,875‬ at the end of 2 years if it declines in value at 15% per year.

5 0
3 years ago
While Aros Inc. incurs a cost of $20 for a pair of shoes, Shoes Cult Inc., its competitor, manufactures a pair of shoes at $22.
Marat540 [252]

Answer:

D. Shoes Cult has a competitive advantage over Aros.

Explanation:

Competitive advantage is defined as the advantage an entity has when they are able to produce a good at cost that is lower than the cost incurred by other parties in the same industry. This results in higher profit margins for businesses that have low production cost.

In this scenario Aros produces shoes for $20 while Shoes Cult produces the same shoes for $22. They both have the same price ceiling of $30.

Aros has competitive advantage over Shoes Cult because they produce at a lower cost and make more profit than Shoes Cult.

Assume they both sell at the maximum price. Profit for Aros= 30- 20=$10

Profit for Shoes Cult= 30-22= $8

6 0
3 years ago
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