Business
Business, 02.10.2020 16:01, leilakainani26

All-Star Automotive Company experienced the following accounting events during Year 1 1. Performed services for $15,900 cash.
2. Purchased land for $8.900 cash.
3. Hired an accountant to keep the books.
4. Received $49,000 cash from the issue of common stock
5. Borrowed $11,800 cash from State Bank.
6. Paid $5.900 cash for salary expense.
7. Sold land for $11.800 cash.
8. Paid $4.900 cash on the loan from State Bank.
9. Paid $6,100 cash for utilities expense.
10. Paid a cash dividend of $2,900 to the stockholders.

Required
a. Indicate how each of the events would be classified on the statement of cash flows as operating activities (OA), investing activities
(1A), financing activities (FA), or not applicable (NA).
Event / Classification
1
2
4
5
5
7
8
10

2 part question. Please help me with both


All-Star Automotive Company experienced the following accounting events during Year 1

1. Performe

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 19:50, elijahbebeastin
One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.
Answers: 1
image
Business, 22.06.2019 00:00, kluckey3426
Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people
Answers: 1
image
Business, 22.06.2019 02:30, linaaaaa7
Consider how health insurance affects the quantity of health care services performed. suppose that the typical medical procedure has a cost of $160, yet a person with health insurance pays only $40 out of pocket. her insurance company pays the remaining $120. (the insurance company recoups the $120 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) consider the following demand curve in the market for medical care. use the black point (plus symbol) to indicate the quantity of procedures demanded if each procedure has a price of $160. then use the grey point (star symbol) to indicate the quantity of procedures demanded if each procedure has a price of $40. q d at p=$160 q d at p=$40 0 10 20 30 40 50 60 70 80 90 100 200 180 160 140 120 100 80 60 40 20 0 price of medical procedures quantity of medical procedures demand if the cost of each procedure to society is truly $160, the quantity that maximizes total surplus is procedures. economists often blame the health insurance system for excessive use of medical care. given your analysis, the use of care might be viewed as excessive because consumers get procedures whose value is than the cost of producing them.
Answers: 1
image
Business, 22.06.2019 14:20, ssalusso7914
Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)
Answers: 2
Do you know the correct answer?
All-Star Automotive Company experienced the following accounting events during Year 1 1. Performed...

Questions in other subjects:

Konu
Mathematics, 14.04.2020 01:53
Konu
Mathematics, 14.04.2020 01:53