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Bingel [31]
3 years ago
9

The order of presentation of activities on the statement of cash flows is a.operating, investing, and financing. b.operating, fi

nancing, and investing. c.financing, operating, and investing. d.financing, investing, and operating.
Business
1 answer:
Vlad [161]3 years ago
8 0

Answer:

a.operating, investing, and financing.

Explanation:

  • There are three categories of cash flows as the operation, investing and the financial activities and includes the cash activities related to the net income and financing activities include the activates related to the non current liabilities and the owner's equity.
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When does perfect competition achieve​ efficiency? Perfect competition achieves efficiency if​ _______.
Oduvanchick [21]

Answer:

C. price equals marginal social benefit for consumers and price equals marginal social cost for producers

Explanation:

3 0
3 years ago
Kelly Realty loaned money and received the following notes during 2018:Note Date Principal Amount Interest Rate Term(1) Oct. 1 $
hammer [34]

Answer:

Kelly Realty

1. Determination of Maturity Date and Value for each note:

Note        Principal      Interest Rate      Maturity Date          Maturity Value

1.              $28,000      6%                     Sept. 30 2019           $29,680

2.            $22,000      10%                     March 31, 2019        $23,650

3.            $14,000        14%                     Dec. 18, 2018          $14,490

b) Journal Entries to record receivables:

October 1:

Debit 6% Notes Receivable $28,000

Credit Cash Account $28,000

June 30:

Debit 10% Notes Receivable $22,000

Credit Cash Account $22,000

Sept 19:

Debit 14% Notes Receivable $14,000

Credit Cash Account $14,000

c) Journal Entries to record collection of principal and interest at maturity:

Sept. 30, 2019:

Debit Cash Account $29,680

Credit Interest on Note $1,680

Credit Notes Receivable $28,000

March 31:

Debit Cash Account $23,650

Credit Interest on Note $1,650

Credit Notes Receivable $22,000

Dec. 18, 2018:

Debit Cash Account $14,490

Credit Interest on Note $490

Credit Notes Receivable $14,000

d) Adjusting Entry:

Dec. 31, 2018:

Debit Interest on Notes Receivable $2,150

Credit Interest on Notes $2,150

Explanation:

a)     Note Date    Principal Amount          Interest Rate           Term

(1)    Oct. 1            $28,000                        6%                           1 year

(2)   Jun. 30          22,000                        10%                          9 months

(3)   Sep. 19           14,000                         14%                          90 days

b) Interest on the notes:

                                               Total             For 2018

1. 6% of $28,000 =                 $1,680         $1,680 x 4/12 =  $560

2. 10% of $22,000 x 9/12 =   $1,650         $1,650 x 6/9 =  $1,100

3. 14% of $14,000 x 90/360 = $490          $490 x 90/90 = $490

Total                                       $3,820                                   $2,150

c) Interests on notes receivable are prorated accordingly.

8 0
3 years ago
On March 1, Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms n/30. The cost of
Lisa [10]

Explanation:

The journal entries are as follows

a.

Merchandise Inventory A/c $254,500

              To Accounts payable A/c $254,500

(Being merchandise purchased on credit)

b.

Account payable Dr $30,000

         To Merchandise inventory $30,000

(Being the merchandise returned is recorded)

c.

Account payable Dr $224,500       ($254,500 - $30,000)

        To Cash $224,500

(Being the payment of the invoice is recorded)

7 0
3 years ago
You have just been hired as a brand manager of toothpaste for a large consumer products company. Your job mainly involves encour
vodka [1.7K]

Explanation:

If I am hired as brand manager I would do the following:

Step 1: To conduct an analysis with Production team & Sales Team

This step serves as the base to understand the challenges, process and the victory achieved so far. The aim is to promote the product. So it is necessary to analyze the challenges from both production team and mainly with sales team. I would do an analysis and find possible ways to fix those.

Step 2: Conduct a training program associated with step 1

After analyzing the possible way, since I don't have a direct control over the team, I would conduct a training program and will list down ways to face the challenge and promote the product. It will be conducted as a "Knowledge-sharing session"

Step 3: Concentrate on advertisement too

The best way to reach the product is through advertising through the media. The best advertisement can attract people and bring business.

Step 4: Re-analysis: This is where an hand-holding process gets initiated and continue through out. Once again go back to step 1 and the process continues.

6 0
3 years ago
As a result of a thorough physical inventory, Horace Company determined that it had inventory worth $320,000 at December 31, 201
Alex_Xolod [135]

Answer:

Option (b) is correct.

Explanation:

Correct amount of inventory to be reported:

Amount of inventory as per physical verification = $320,000

Cost of goods under consignment to Herschel Corporation = $47,000

Value of inventory to be reported:

= Amount of inventory as per physical verification + Cost of goods under consignment to Herschel Corporation

= $320,000 + $47,000

= $367,000

3 0
3 years ago
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