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zmey [24]
3 years ago
12

Each of these items must be considered in preparing a statement of cash flows for Teal Mountain Company. for the year ended Dece

mber 31, 2022. For each item, state how it should be shown in the statement of cash flows for 2022.
(a) Issued bonds for $300,000 cash. Choose the type of cash inflows and outflows
(b) Purchased equipment for $270,000 cash. Choose the type of cash inflows and outflows
(c) Sold land costing $30,000 for $30,000 cash. Choose the type of cash inflows and outflows
(d) Declared and paid a $75,000 cash dividend.
Business
1 answer:
igomit [66]3 years ago
5 0

Answer:

a. Cash flow from Finance Activities - Cash Inflow  $300,000.

b. Cash flow from Investment Activities - Cash Outflow $270,000.

c. Cash flow from Investment Activities - Cash Inflow  $30,000.

d. Cash flow from Finance Activities - Cash Outflow $75,000.

Explanation:

The Statement of Cash flows shows 3 types of Cash flow headings which are :

  1. Cash flow from Operating Activities
  2. Cash flow from Investment Activities
  3. Cash flow from Financing Activities

Operating Activities are Trading activities. Investing Activities involve buy and sell of assets or investment. Finance Activities involve sourcing of finance

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Fixed expenses are $384,000 per month. The company is currently selling 6,000 units per month. The marketing manager would like
allochka39001 [22]

Answer:

A reduction of $12,500 in net operating income

Explanation:

The net operating income/loss is the difference between the sales and the total costs.

The change in the company's net operating income is the net of the increased commission and the total decrease in salaries. The commission is a variable cost that is dependent on the total number of units sold.

Hence the overall effect on the company's monthly net operating income of this change

= $46,000 - ($9 * 6500)

= ($12,500)

6 0
4 years ago
Which are pathways in the Marketing, Sales, and Service career cluster? Select all that apply.
cricket20 [7]
<h2>Answer:</h2>

All these apply

  • Marketing Information Management and Research
  • Marketing Communications and Promotion
  • Professional Sales and Marketing
  • Distribution and Logistics
  • E-Marketing
<h3>Explanation</h3>

All of the above mentioned choices fall in the pathways that come in the fields of Sales and Marketing. Marketing research is an important arena and so is the art of communicating and carrying out promotion tasks. Distribution is another big arena of sales and so is the trending field of E-Commerce where all these tools can be carried out online.

8 0
4 years ago
Oil Products Company purchases an oil tanker depot on January 1, 2017, at a cost of $600,000. Oil Products expects to operate th
anzhelika [568]

Answer:

The Journal entries are as follows:

(i) On January 1, 2017

Plant Assets A/c Dr. $600,000

      To cash                                 $600,000

[To record the depot]

(ii) On January 1, 2017

Plant Assets A/c Dr. $41,879

       To To Asset retirement obligation $41,879

[To record the Asset retirement obligation]

Missing information: Based on an effective-interest rate of 6%, the present value of the asset retirement obligation on January 1, 2017, is $41,879.

4 0
4 years ago
Specialized savings accounts are accounts that _____.
Eduardwww [97]
Use special methods to help people save money :)
8 0
3 years ago
A company enters into a short futures contract to sell 25,000 units of a commodity for 950 cents per unit. The initial margin is
Ksju [112]

Answer:

$958

Explanation:

The amount that is excess in the initial margin account can be withdrawn. So we calculate the price increase that will result in a $2000 increase in initial margin.

The present price per unit of the commodity is 950 cents for 25,000 units

A unit increase of the price (which is in cents) will be 1/100= 0.01

Therefore an increase in price of 0.01 will lead to gain of 0.01 * 25,000= $250

Let's get price increase that will result in $2,000 gain

$250 = 1 unit price increase

$2,000 = x

x= (2000 * 1) ÷ 250= 8 units increase

Therefore the price at which $2,000 can be withdrawn is 950 + 8= 958 cents

8 0
3 years ago
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