Reference no: EM132636287
Issued 35,000 shares of common stock in exchange for $350,000 in cash.2.Purchased equipment at a cost of $50,000. $15,000 cash was paid and a note payable to the seller was signed for the balance owed.3.Purchased inventory on account at a cost of $100,000. The company uses the perpetual inventory system.4.Credit sales for the month totaled $125,000. The cost of the goods sold was $75,000.5.Paid $5,500 in rent on the warehouse building for the month of March.6.Paid $6,500 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021.7.Paid $75,000 on account for the merchandise purchased in 3.8.Collected $60,000 from customers on account.9.Recorded depreciation expense of $1,500 for the month on the equipment.
Question 1: Analyze each transaction by indicating the cash effect and classify each as a financing, investing, and/or operating activity (a transaction can represent more than one type of activity).
Question 2: Analyze each transaction by indicating the cash effect and classify each as a financing, investing, and/or operating activity (a transaction can represent more than one type of activity.
|
How construct statement of cash flows using direct method
: Prepare a statement of cash flows, using the direct method to present cash flows from operating activities. Assume the cash balance at the beginning
|
|
What are the potential outcomes of the error
: A pharmacy technician asks the pharmacist if it's suitable to substitute Fiorinal No. 3® for Sedapap®, which was prescribed, because of the nearly identical.
|
|
Calculate total assets and total liabilities and equity
: Smeldon, After calculating the ending balance of each account after transaction?. Calculate total assets and total liabilities and equity.
|
|
How is the shortage impacting healthcare delivery
: How is the shortage impacting healthcare delivery? Be specific by providing examples and support your response with academic resources. (1-2 paragraphs)
|
|
Analyze each transaction by indicating the cash effect
: Analyze each transaction by indicating the cash effect and classify each as a financing, investing, and/or operating activity (a transaction can represent)
|
|
Describe ways you can impact the issue through advocacy
: Think about a health issue that you are passionate about (other than the one you addressed in your assignments) and list three ways you can impact the issue.
|
|
How did find the fixed cost price
: To begin the breakeven analysis by unit we can assume the fixed costs, How did find the fixed cost price, variable cost, and avg price per unit cost?
|
|
How the time value of money has an impact on the potential
: How the time value of money has an impact on the potential investment returns and retirement savings of participants in both the Defined Benefit Plan
|
|
Explain the methods to evaluate public health programs
: Select methods to evaluate public health programs. Advocate for political, social, and economic policies and programs that will improve health in diverse.
|