Business, 23.09.2021 09:30, noreenhussain
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
a. Cash used for purchase of office supplies, $2,300.
b. Cash provided from consulting to customers, $49,600.
c. Cash used for purchase of mining equipment, $81,000.
d. Cash provided from long-term borrowing, $68,000.
e. Cash used for payment of employee salaries, $24,800.
f. Cash used for payment of office rent, $12,800.
g. Cash provided from sale of equipment purchased in c. above, $23,300.
h. Cash used to repay a portion of the long-term borrowing in d. above, $44,000.
i. Cash used to pay office utilities, $5,100.
j. Purchase of company vehicle, paying $10,800 cash.
Required:
Calculate cash flows from operating activities.
Answers: 1
Business, 21.06.2019 19:20, salvadorperez26
You wish to buy a cabin in 15 years. today, the cabin costs $150,000. you believe the price of the cabin will inflate at 4% annually. you want to invest a single amount of money (lump sum) today and have the money grow to equal the future purchase price of the cabin 15 years from now. if you can earn 10% annually on your investments, how much do you need to invest now, in order to be able to purchase the cabin?
Answers: 3
Business, 22.06.2019 00:00, adayisenga
Which part/word/phrase in the passage refers to a businessโs financing activity seen in a cash flow statement? nathan works as an accountant in a footwear manufacturing company. he is currently preparing the cash flow statement for his employer. during the given accounting period, the company purchased raw materials worth $25,000. it also bought new equipment worth $75,000 to increase its production output. further, it borrowed a long-term bank loan of $100,000 to facilitate further expansion. finally, the company spent $50,000 on advertising its latest brand of footwear in the market. {lol i guessed its "it borrowed a long-term bank loan of $100,000 to facilitate further expansion" and thats correct}
Answers: 1
Business, 22.06.2019 09:20, swello1937
Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.
Answers: 2
Below are cash transactions for Goldman Incorporated, which provides consulting services related to...