Classify the transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity:

1. Common stock is sold for cash
2. Bonds payable are issued for cash at a discount
3. Interest on a short-term note receivable is collected
4. Merchandise is sold to customers for cash
5. Cash paid to purchase inventory

Answers

Answer 1

Answer:

1.  financing activity

2. financing activity

3. investing activity

4. operating activity

5. operating activity

Explanation:

Operating Activities includes Firms activities in sale and purchase of Inventory.

Investing Activities shows cash resulting from acquiring and sale of assets as well as receipt of interest on the investments.

Financing Activities shows cash resulting from raising capital or debt and the repayment of debt.


Related Questions

What percentage of authorized shares was issued by Coca-Cola at December 31, 2015, and by PepsiCo at December 26, 2015

Answers

Answer:

December 26

Explanation:

Because Pepsi Co is buy

When a market is in equilibrium, the: multiple choice 1 quantity demanded equals the price. quantity demanded equals the quantity supplied at the market price. quantity demanded equals the quantity supplied and they both equal the price. quantity supplied equals the price. The market for cell phones reaches equilibrium because cell phone sellers have an incentive: multiple choice 2 to decrease quantity and so do cell phone consumers, so the price goes to to equilibrium. for prices to rise and some cell phone consumers will not buy at higher prices, driving the price to equilibrium. to increase quantity and so do cell phone consumers, so the price goes to to equilibrium. for prices to fall and some cell phone consumers only buy at higher prices, driving the price to equilibrium.

Answers

ANSWER:

2 Batteries

Explanation:

Asteria earned a $27,000 salary as an employee in 2020. How much should her employer have withheld from her paycheck for FICA taxes

Answers

Answer:

$2,070

Explanation:

Calculation to determine How much should her employer have withheld from her paycheck for FICA taxes

Social security tax 6.2%

Medicare tax which is 1.45%

Social security tax = $27,000 x 6.2%

Social security tax = $1,674

Medicare tax = $27,000 x 1.45%

Medicare tax =$391.5

FICA taxes Paycheck withheld= - $1,674 + $391.5

FICA taxes Paycheck withheld=$2,065.5

FICA taxes Paycheck withheld=$2,070 (Approximately)

Therefore How much should her employer have withheld from her paycheck for FICA taxes will be $2,070

The following information is available for Jorgensen Company: a. The Cash Budget for March shows a bank loan of $10,000 and an ending cash balance of $48,000. b. The Sales Budget for March indicates sales of $120,000. Accounts receivable is expected to be 70% of March sales.

Answers

Answer:

Accounts receivable is

Explanation:

Expected accounts receivable is 70% of sales amount. The sales budget is $120,000 then accounts receivable will be $84,000. The rest of sales will be in cash, so the cash collection for the month of march will be $36,000. The new cash balance will be $36,000 + $48,000 = 84,000.

Murphy's, Inc., has 45,000 shares of stock outstanding with a par value of $1 per share. The market value is $10 per share. The balance sheet shows $70,500 in the capital in excess of par account, $45,000 in the common stock account, and $133,500 in the retained earnings account. The firm just announced a stock dividend of 12 percent. What will the balance in the capital in excess of par account be after the dividend?

Answers

Answer: $119100

Explanation:

The balance in the capital in excess of par account be after the dividend will be calculated thus:

Firstly, we'll calculate the change in capital in excess of par and this will be:

= Number of shares × dividend rate × (market value - par value)

= 45,000 × 12% × ($10 - $1)

= (45000 × 0.12) × $9

= 5400 × $9

= $48,600

Then, the balance in the capital in excess of par after the dividend will be:

= $70,500 + $48,600

= $119,100

A $1,000 par value bond pays interest of $35 each quarter and will mature in 10 years. If your simple annual required rate of return is 12 percent with quarterly compounding, how much should you be willing to pay for this bond

Answers

Answer:

the present value is $1,115.57

Explanation:

the computation of the present value is shown below:

Given that

Future value be $1,000

RATE is 12% ÷ 4 = 3%

NPER is 10 × 4 = 40

PMT is $35

The formula is shown below:

=-PV(RATE,NPER,PMT,FV,TYPE)

= $1,115.57

Hence, the present value is $1,115.57

Because of their sharp quality text output and fast printing speeds, ___ printers are often preferred by businesses.

Answers

Answer:

Laser printer

Explanation:

Laser printers are quicker than inkjet printers (producing more pages per minute), generate higher-quality output (with some limitations), and are better suited for high-volume production. Laser printers produce significantly finer lines than inkjet printers, making them ideal for text, logos, and corporate information graphics.

Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO) for a magazine publisher: a. Staples used to bind magazines b. Wages of printing machine employees c. Maintenance on printing machines

Answers

Answer:

Staples used to bind magazines

Direct materials

Wages of printing machine employees

Direct Labor

Maintenance on printing machines

Factory Overhead

Paper used in the magazine

Direct Materials

Explanation:

The given answers above are correctly grouped based on Direct Materials, Factory Overhead, and Direct Labor.

Suppose Skyler invests in an annuity that pays 3.2% annual interest, compounded monthly. If she contributes $155 every month for 10 years, how much interest would she earn during that time

Answers

Answer: $3,286.47

Explanation:

Find the future value of the annuity after 10 years.

Number of periods = 10 * 12 months = 120 months

Interest = 3.2% / 12 = 3.2/12%

Future value of annuity = Annuity * ( (1 + rate)^ number of periods- 1) / rate

= 155 * ( ( 1 + 3.2%/12) ¹²⁰- 1) / 3.2%/12

= $21,886.47

The find the amount that the money would have come to without being invested:

= 155 * 120 months

= $18,600

Interest is:

= 21,886.47 - 18,600

= $3,286.47

As a researcher, what would you do if you set to reject the null and found the null to be true?

Answers

Set the significance level of the probability of making a type error to be small 0.01, 0.05, or 0.10 compare the P value to if the P value is less than or equal to reject the no hypothesis in favor of the alternative hypothesis.

In the event that the null hypothesis was true, I would report my results honestly and transparently. If my results did not support my expectations, my goal as a researcher would be to learn as much as possible from them.

The first thing I would do is to make my data and my statistical analysis error-free. If my results were influenced by outliers or other unusual patterns in the data, I would check for them. I would recheck the statistical methods I used to ensure that they were appropriate and correct for the type of data I collected.

Once I was confident that my data and analysis were correct, I would consider whether there were any other explanations for the null hypothesis.

Therefore, In the event that the null hypothesis was true, I would report my results honestly and transparently.

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which of the following is false? when a cboe call option on ibm is exercised, ibm issues more stock. an american option can be exercised at any time during its life. a put option will always be exercised at maturity if the strike price is greater than the underlying asset price

Answers

Answer:

The false statement is:

when a CBOE  call option on IBM is exercised, IBM issues more stock.

Explanation:

CBOE = Chicago Board Options Exchange. CBOE pioneered the options trading in 1973.   It has remained the largest U.S. options market operator.  It supports options trading on thousands of publicly listed stocks and exchange-traded products.  Exercising a call option on the exchange platform does not affect the outstanding IBM stock and will never force IBM Corporation to issue more stock.

An analyst prepares the following common-size income statements for Perez Company: 20X1 20X2 20X3 Sales 100% 100% 100% Cost of goods sold 50% 52% 53% Selling and administrative expense 16% 12% 9% Interest income 4% 4% 4% Pretax income 30% 32% 34% Income tax expense 15% 16% 17% Net income 15% 16% 17% Based only on this information, Perez's improving net profit margin is most likely a result of:

Answers

Answer:

Perez Company

Based only on this information, Perez's improving net profit margin is most likely a result of:

Decreasing Selling and Administrative Expenses over the years.

Explanation:

a) Data and Calculations:

Perez Company

Common-size Income Statements for three years:

                                                         20X1     20X2     20X3

Sales                                                 100%     100%      100%

Cost of goods sold                            50%      52%       53%

Selling and administrative expense  16%       12%         9%

Interest income                                   4%         4%         4%

Pretax income                                   30%       32%      34%

Income tax expense                          15%       16%        17%

Net income                                        15%       16%        17%

b) A review of the common-size income statement of Perez Company shows that its selling and administrative expenses continued to reduce an average of 300 percentage points year on year.  This reduction can be clearly seen in its improved net income, which also continued to improve year on year.  However, the improvement was hampered by increasing income tax expense, which witnessed the same increase.

A long-term investment classified as equity securities with controlling influence implies that the investor can exert a controlling influence over the investee. An investor who owns more than ____% of a company's voting stock has control over the investee.

Answers

Answer: 50%

Explanation:

The Equity Securities with controlling influence refers to the long-term investment whereby the investor exert controlling influence over the investee. In such case, the investors own 50% or more of the voting stock.

On the other hand, the Equity securities with significant influence refers to the long-term investment whereby the investor exerts significant influence over the investee. In such case, the investors own 20% or more of the voting stocks but should be less than 50%.

Leisure Enterprise’s total cost of producing speedboats is given by TC = 10 Q 3 – 4 Q 2 + 25 Q + 500. On the basis of this information, the marginal cost of producing the 25th speedboat is:

Answers

Answer:

The marginal cost of producing the 25th speedboat is 18,575.

Explanation:

Note that the given Leisure Enterprise’s total cost (TC) of producing speedboats is correctly stated as follows:

TC = 10Q^3 - 4Q^2 + 25^Q + 500 …….………….. (1)

Where Q represents the quantity of speedboats produced.

To obtain the marginal cost (MC) of producing speedboats, equation (1) is differentiated with respect to Q as follows:

MC = dTC/dQ = 30Q^2 - 8Q + 25 ………………… (2)

Finding the marginal cost (MC) of producing the 25th speedboat implies that Q = 25.

Substituting Q = 25 into equation (2), we have:

MC = (30 * 25^2) - (8 * 25) + 25 = 18,575

Therefore, the marginal cost of producing the 25th speedboat is 18,575.

Based on a predicted level of production and sales of 12,000 units, a company anticipates reporting operating income of $26,000 after deducting variable costs of $72,000 and fixed costs of $10,000. Based on this information, the budgeted amounts of fixed and variable costs for 15,000 units would be

Answers

Answer:

Fixed Cost = $10,000

Variable Costs = $90,000

Explanation:

Variable Cost per unit = $72,000 ÷ 12,000

                                      = $6

Variable Costs at 15,000 units = $6 x 15,000

                                                   = $90,000

Fixed Cost (given) = $10,000

To determine the net cash provided (used) by operating activities, it is necessary to analyze Group of answer choices the current year's income statement. a comparative balance sheet. additional information. all of these.

Answers

Answer:

All of these.

Explanation:

All of these are the correct answer because to determine the net cash from the operating activities, there is a requirement of the current year's income statement, additional information such as depreciation and amortization and a comparative balance sheet. In order to get cash from operating activities, the changes and non-cash capital, other non-cash adjustments, depreciation is added to the net income.

Bella Bags is a British company that sells luxury leather purses manufactured in London. Currently, its products are carried at high-end department stores all across Europe. The company prides itself on its exceptional customer service. However, the company has been criticized in the past for carrying only two designs of bags. There is currently growing market demand for high-end luxury accessories. Bella Bags faces fierce competition from established luxury brands. Which of the following best characterizes an actionable strategy for Bella Bags that works on reducing the company's weaknesses to avoid threats?
A) Reduce the threat of high competition by expanding the product line and offering more variety
B) Promote the company's exceptional customer service to leverage the increasing demand for luxury goods
C) Reduce the threat of high competition by promoting the company's narrow product offering
D) Reduce the threat of high competition by leveraging the increasing demand for luxury goods

Answers

Answer:

A

Explanation:

A monetary growth rule means that :__________a) the Fed will raise interest rates if it thinks the economy is growing faster than potential. b) the Fed will lower interest rates if it thinks a recession is on the horizon. c) the money supply should grow in response to economic conditions. d) the money supply should grow at a constant rate.

Answers

Answer:

d) the money supply should grow at a constant rate.

Explanation:

The Federal Reserve System (popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, the Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

Monetary growth rule is a theory that was proposed by Friedman and it states that the Federal Reserve System (Fed) should be required to set or target the money supply growth rate to be equal to the growth rate of Real gross domestic product (GDP) each year and leaving the price level of goods and services unchanged.

Basically, this growth rate of gross domestic product (GDP) is usually set between 1% and 4%. Also, the monetary growth rule is also referred to as the K-Percent rule.

Hence, a monetary growth rule means that the money supply should grow at a constant rate.

one markeitng action that can be taken to sell a single product or service to muylpele market segments is to

Answers

Answer: C. develop separate promotional campaigns.

Explanation:

Different market segments will have different norms and values that companies will have to take advantage of in order to sell their goods or services.

They will therefore need to develop separate promotional campaigns that are aimed at taking advantage of these norms and values in order to appeal to the people in the different segments.

_______________ skills, though developed through job training and work experience, are generally acquired during the course of your formal education.

a. Interpersonal
b. Technical
c. Conceptual
d. Communication

Answers

Answer:

D

Explanation:

lannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $270. Annual fixed costs are $800,000. Current sales volume is $4,200,000. Compute the current margin of safety in dollars for Flannigan Company

Answers

Answer:

$2,200,000

Explanation:

Margin of safety means by how much sales can fall before a firm starts making a loss.

Margin of safety  = Current Sales - Break even sales

where,

Break even sales = Fixed Cost ÷ Contribution margin ratio

                             = $800,000 ÷ 0.40

                             = $2,000,000

therefore,

Margin of safety  = $4,200,000 - $2,000,000

                            = $2,200,000

The calculation of WACC involves calculating the weighted average of the required rates of return on debt and equity, where the weights equal the percentage of each type of financing in the firm's overall capital structure.
(rstd, rps, rs, rd)
_______ is the symbol that represents the required rate of return on short-term debt in the weighted average cost of capital (WACC) equation.
Co. has $2.3 million of debt, $1 million of preferred stock, and $2.2 million of common equity. What would be its weight on debt?
a. 0.42
b. 0.18
c. 0.40
d. 0.16

Answers

Answer:

a. 0.42

Explanation:

Calculation to determine What would be its weight on debt?

First step is to calculate the Total firm capital

Total firm capital= $2.3 + $1 + $2.2

Total firm capital= 5.50 million.

Now let determine the weight on debt using this formula

Weight on debt= Debt in the firm/ Total firm capital

Let plug in the formula

Weight on debt = $2.3 million/ 5.50 million

Weight on debt = 0.4182.

Weight on debt=0.42 (Approximately)

Therefore What would be its weight on debt is 0.42

Networked organizations are so closely linked online that each can find out what the others are doing instantaneously, as an event takes place. These organizations operate

Answers

Answer: b. in real time

Explanation:

When something is said to operate in real time, it means that is is happening instantaneously. Networked organizations that are so closely linked that their actions are seen instantaneously are therefore operating in real time.

These organizations can be in multiple countries but doing work on a similar platform. For instance, people around the world could be working on a single Go-0gle Sheets file and seeing the changes they all make in real time.

Networked organizations are so closely linked online that each can find out what the others are doing instantaneously, as an event takes place. These organizations operate in real-time. Hence option B is correct.

The key characteristic of networked organizations is their ability to access and exchange information rapidly, allowing them to respond quickly to changes and make informed decisions.

In networked organizations, individuals, teams, departments, or even entire organizations are connected through digital networks and communication platforms.

This enables them to share data, knowledge, and resources in real-time, fostering collaboration, coordination, and synergy among different entities.

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Networked organizations are so closely linked online that each can find out what the others are doing instantaneously, as an event takes place. These organizations operate

a. as inverted organizations.

b. in real time

c. as digital natives

Amazon Corporation has preferred stock outstanding that pays a $11.45 annual dividend. It price is $147. What is the required rate of return (yield) on the preferred stock?

Answers

Answer:

7.79%

Explanation:

Calculation to determine the required rate of return (yield) on the preferred stock

Using this formula

Cost of preferred stock=Annual Dividend per share/Current price of preferred stock

Let plug in the formula

Cost of preferred stock=$11.45/$147

Cost of preferred stock=0.0779*100

Cost of preferred stock=7.79%

Therefore the required rate of return (yield) on the preferred stock is 7.79%

When Kimberly finds out that members of her team are using unethical practices to make sales and obtain information, her solution is to hold a Code of Ethics workshop. Is this an appropriate response for her to have?a. Yes; as the manager of these two employees, she is responsible for making sue they know what the expectations of behavior are. b. Yes; she is not allowed to take any disciplinary actions. c. No; she should fire both of them immediately. d. No; it is not her responsibility to educate these employees. They should be in charge of deciding their own ethical behavior.

Answers

Answer:

The answer is "Option a".

Explanation:

If Kimberly discovers if her team members use immoral techniques in sales and information, then can organize a workshop on the code of ethics. It is responsible for making sure that he knows the standards of conduct, which is the proper answer for her supervisor of the 2 employees. This code of ethics focuses on people and organizations' values and standards for governing their decisions, as well as on distinguishing the difference between right and wrong.

Exercise 5-10 Lower of cost or market LO P2 Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 27 $ 55 $ 59 Bats 20 83 77 Shoes 41 100 96 Uniforms 45 41 41 Compute the lower of cost or market for ending inventory applied separately to each product.

Answers

Answer:

Martinez Company

Ending inventory is:

= $8,806.

Explanation:

a) Data and Calculations:

Product       Units   Cost per Unit   Market per Unit

Helmets       27             $ 55                   $ 59

Bats             20                 83                      77

Shoes           41               100                      96

Uniforms     45                 41                       41

Lower of cost or market value Valuation:

Product       Units   Cost per Unit   Market per Unit     LCM

Helmets       27             $ 55                   $ 59               $1,485

Bats             20                 83                      77                1,540

Shoes           41               100                      96               3,936

Uniforms     45                 41                       41                1,845

Total cost of ending inventory                                    $8,806

Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows $27,861 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following
Deposit in transit 3,350
Outstanding checks 1,350

Answers

Answer: $29,861

Explanation:

In order to adjust the bank statement balance to the books, the following is done:

= Bank statement + Deposit in transit - Outstanding checks

= 27,861 + 3,350 - 1,350

= $29,861

A project with an initial investment of $461,300 will generate equal annual cash flows over its 10-year life. The project has a required return of 8.1 percent. What is the minimum annual cash flow required to accept the project

Answers

Answer:

The minimum annual cash flow required to accept the project is:

= $63,883.17

Explanation:

a) Data and Calculations:

Initial investment cost of the project = $461,300

Project's estimated life = 10 years

Project's required return rate = 8.1%

The minimum annual cash flow required to accept the project is derived from an online financial calculator as follows:

N (# of periods)  10

I/Y (Interest per year)  8.1

PV (Present Value)  461300

FV (Future Value)  0

Results:

PMT = $63,883.17

Sum of all periodic payments = $638,831.69

Total Interest = $177,531.69

Introduction to Business class is to observe the use of groups in a large manufacturing business. The students notice that most groups are arranged by reporting relationships. Bill discovers a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees. Jane finds that the executives of the company have formed a team consisting of themselves, some middle managers, and a few hourly employees to work on improving work processes and efficiency within the company. This group has been in existence for 5 years and is going strong. The group of managers that Bill discovers is an example of:

A) an informal interest group

B) a formal group

C) A fun group

D) a quality group.

Answers

The correct answer is B) a formal group.

The group of managers that Bill discovers is an example of a formal group.

During their visit to a large manufacturing business, Bill discovers a formal group. It is a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees.

When we are referring to an organization, a formal group can be understood as a workgroup that is formed by design, depending on a hierarchical composition. The members of this group have specific tasks according to the work they perform in the company.

Usually, these groups are formed based on the experience of their members because they want to accomplish goals in a more effective way and to improve the decision-making process of difficult issues.

Gotham City acquires $25,000 of inventory on November 1, 20X7, having held no inventory previously. On December 31, 20X7, the end of Gotham City's fiscal year, a physical count shows $8,000 still in stock. During 20X8, $6,500 of this inventory is used, resulting in a $1,500 remaining balance of supplies on December 31, 20X8.

Based on the preceding information, what would be the correct account balances for 20X7 if Gotham City used the purchase method of accounting for inventories?

Answers

Answer:

$25,000; $8,000

Explanation:

Based on the information given , we were told that they acquires the amount of $25,000 of inventory on NOVEMBER 1, 20X7, in which on DECEMBER 31, 20X7, a PHYSICAL COUNT shows $8,000 was still in stock which means wthat the CORRECT ACCOUNT BALANCES for 20X7 if Gotham City used the PURCHASE METHOD of accounting for INVENTORIES will be Expenditure of the amount of $25,000 and Inventory of supplies of the amount of $8000.

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