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gulaghasi [49]
2 years ago
12

The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers $

380,000 Interest on notes receivable 6,000 Collection of notes receivable 50,000 Sale of investments 30,000 Issuance of notes payable 100,000 Cash Paid for: Purchase of inventory 160,000 Interest on notes payable 5,000 Purchase of equipment 85,000 Salaries to employees 90,000 Payment of notes payable 25,000 Dividends to shareholders 20,000 The balance of cash and cash equivalents at the beginning of 2021 was $17,000. Required: Prepare a statement of cash flows for 2021 for Bluebonnet Bakers. Use the direct method for reporting operating activities. (Amounts to be deducted should be indicated with a minus sign.)
Business
1 answer:
levacccp [35]2 years ago
8 0

Answer:

multiple lang yan ate be

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Water and electrolytes.

Explanation:

The water and electrolytes are important in the hydric balance, and good function of the digestive and excretor system.   If this 2 are not well balance, some organs can be exposed to stress, and can malfunction.   As a result of this, the intestines can be obstructed

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Accrued Vacation Pay A business provides its employees with varying amounts of vacation per year, depending on the length of emp
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Answer:

On Jan 31

Vacation pay expense Dr $8,900

        To vacation payable $8,900

(Being the vacation expense is recorded)

Explanation:

The journal entry is as follows

On Jan 31

Vacation pay expense Dr $8,900

        To vacation payable $8,900

(Being the vacation expense is recorded)

The computation is shown below:

= Estimated amount of the current year's vacation pay ÷ total number of months in a year

= $106,800 ÷ 12 months

= $8,900

For recording this transaction we debited the vacation expense as it increased the expenses while at the same time it also increased the liabilities so the vacation payable is credited

6 0
4 years ago
Dechico Corporation purchased a machine 3 years ago for $456,000 when it launched product G92L. Unfortunately, this machine has
Marta_Voda [28]

Answer:

the $490,000 that an alternative project could have returned.

Explanation:

Opportunity costs are the costs (or benefits lost) from choosing one alternative activity or investment over another.

In this case, if Dechico decides to continue to produce product G92L, it will not be able to invest in the new project that could have generated a $496,000 return.

7 0
3 years ago
Hoffman Corporation issued $55 million of 8%, 10-year bonds at 102. Each of the 55,000 bonds was convertible into one share of $
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Answer:

Dr Cash 56.1

Cr Premium on bonds payable 1.1

Cr Convertible bonds payable 55.0

Explanation:

Hoffman Corporation

Journal entry

Dr Cash 56.1

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4 years ago
Matthewo wns an insurance policy (face amount of $1,630,000) on the life of Emily with Uma listed as the designated beneficiary.
slavikrds [6]

Answer:

  • a. $0
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Explanation:

Matthew owns an insurance policy that has designated Uma as the beneficiary. If Emily dies, the money will go to Uma and not to Matthew so Matthew will not include any amount in his estate.

If Emily dies, no amount goes to her estate either because Emily was not the beneficiary, Uma was. Emily dying will simply lead to Uma's estate getting the money and not Emily's.

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