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2 years ago

How many of the following transactions are operating activities?

Business

1 answer:

Lady bird [3.3K]2 years ago

6 0

Answer:

The correct answer are A, B and D

Explanation:

Operating activities are the one of three activities of the cash flow, these activities are those which are incurred for the business and are directly related to providing its services or goods to the market. These are the core business activities of the company like selling service, manufacturing, distributing and marketing.

The following are the transactions of operating activities:

1. Paid the utility bill amounts to $750

2. Purchased supplies for $12,000

3. Borrowed from bank amount of $50,000

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2 years ago

A house is appraised for $25,000, and shows an assessed value of $20,000. The taxes on the house are $300 annually. What would t

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Answer:

$600

Explanation:

In this situation, first we have to know that tax levy on assessed value.

<u>Computation of tax rate:</u>

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2 years ago

On March 14, Teal Co. accepted a 120-day, 6% note in the amount of $10,000 from AZC Co., a customer. On the due date of the note

Y_Kistochka [10]

Answer:a credit to Interest revenue for $200

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Interest = Principal x rate x time ( period )

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=$200

Account titles and explanation Debit Credit

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2 years ago

The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicat

Anastasy [175]

Answer:

Total overhead cash disbursement= $155,160

Explanation:

Giving the following information:

The direct labor budget indicates that 7,500 direct labor-hours will be required in February. The variable overhead rate is $8.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $110,250 per month, which includes depreciation of $18,090.

First, we need to calculate the allocated variable overhead:

Variable overhead= 7,500*8.4= 63,000

Depreciation is not a cash disbursement:

Fixed overhead= 110,250 - 18,090= 92,160

Total overhead cash disbursement= 63,000 + 92,160= $155,160

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2 years ago