Homework Answers
Source of cash will be including borrowing of money from the bank because borrowing of money from the bank will be increasing the overall cash in the company.
Rest of the examples are mostly related with the application of cash because repurchase of the common stock and making payment to supplier and purchasing of inventory will be leading to outflow of cash and they are application of cash.
Making a sale to a customer on credit is not also increasing the cash and it is not a source of cash as it is a Credit transaction.
Correct answer will be option( A) Borrowing $ 1 million from the bank
Add Answer to:
Which of the following is a source of cash? Borrowing $1 million from a bank. Purchasing...
Which one of the following is a source of cash? Multiple Choice Ο Repurchase of common...
Which one of the following is a source of cash? Multiple Choice Ο Repurchase of common stock Ο Acquisition of debt Ο Purchase of inventory Ο Payment to a supplier Ο Granting credit to a customer Which one of the following is a source of cash? Multiple Choice Ο Increase in accounts receivable Ο Decrease in common stock Ο Increase in fixed assets Ο Decrease in accounts payable Ο Decrease in inventory
Which of the following is NOT a source of cash from financing activities? a. repayment of...
Which of the following is NOT a source of cash from financing activities? a. repayment of long-term debt b. proceeds from issuance of common stock c. proceeds for long-term borrowing d. both a and c
Which of the following would be classified as investing activities? Paying suppliers for supplies Borrowing money...
Which of the following would be classified as investing activities? Paying suppliers for supplies Borrowing money from a bank Providing services to customers on account Paying dividends to shareholders - Purchasing equipment Issuing stock to shareholders for cash Purchasing land
Which one of the following is a source of cash? O increase in common stock O...
Which one of the following is a source of cash? O increase in common stock O decrease in retained earnings increase in accounts receivable O decrease in long-term debt Which one of the following is classified as an investment activity on the statement of cash flows? O purchase of inventory O purchase of equipment O repayment of a long-term debt O sale of common stock
QUESTION 1 10 points Save Answer Match transactions with suitable and applicable primary source documents. -...
QUESTION 1 10 points Save Answer Match transactions with suitable and applicable primary source documents. - The owner contributes a computer to the entity, R8 000. A. Petty cash voucher 1 - Sold merchandise to various customers and received R10 000 cash. B. Invoice (- Bought inventory on credit from a supplier, R3 000. C. Cash register roll A customer returned defective goods to us, which he has bought D. Original credit note originally for R800. E. Journal voucher Paid...
Classify the following cash flows as operating investing, or financing activities Classy as a source or...
Classify the following cash flows as operating investing, or financing activities Classy as a source or a use of cash or indicate it is added or subjected on the Statement of Canon 1. Issued bonds payable. 2. Purchased shares as an investment 3. Issued common shares for cash 4. Paid dividends. 5. Increase in Accounts Receivable 6. Received payments from customers 7. Collected proceeds from sale of long-term investments 8. A loss on the Income Statement 9. Paid Accounts Payable...
Order the following purchasing process tasks in order from the start (1) to the end (7)....
Order the following purchasing process tasks in order from the start (1) to the end (7). Determination by Purchasing to fulfill internal customer needs with a supplier the firm already has an existing contractual relationship with, or approach a new supplier that is not currently qualified to provide products and services to the firm. The physical transmital of the purchase requirements involving the shipping and receiving processes requiring several important documents. Review of the spending pattern of the organization and...
with show work please If a company reports operating profit of $70 million, earns net income...
with show work please
If a company reports operating profit of $70 million, earns net income of $50 million in Year 8. has 20 million shares of common stock outstanding, pays a dividend of $1.50 per share, and has annual interest costs of $15 million--all in Year 8, then the company's total earnings for Year 8 would be $10 million (net income of $50 million less interest costs of $10 million less dividend payments of $30 million = $10 million)....
Complete the following table with the appropriate source document. [10 marks] Transaction Source document Cash received...
Complete the following table with the appropriate source document. [10 marks] Transaction Source document Cash received from the owner, debtors, tenant etc Cash received from customers for sales or services rendered Payments made by Electronic transefer Credit sales of goods Credit purchases of goods, stationery etc. Return of goods by debtors Return of goods to creditors Payments made from petty cash Charges made by the bank, interest etc. Various miscellaneous transactions
Question 5 When preparing the statement of cash flows under the indirect method, an appropriate procedure...
Question 5 When preparing the statement of cash flows under the indirect method, an appropriate procedure would be to subtract an increase in accounts receivable. subtract an increase in wages payable. subtract amortization expense. determine cash paid to suppliers. add a gain from the sale of a fixed asset. 1 points Question 6 Which of the following statements is incorrect, regarding the effect of depreciation on a statement of cash flows using the indirect method? Depreciation expense is not an...
Which one of the following is a source of cash? Multiple Choice Ο Repurchase of common stock Ο Acquisition of debt Ο Purchase of inventory Ο Payment to a supplier Ο Granting credit to a customer Which one of the following is a source of cash? Multiple Choice Ο Increase in accounts receivable Ο Decrease in common stock Ο Increase in fixed assets Ο Decrease in accounts payable Ο Decrease in inventory
Which of the following would be classified as investing activities? Paying suppliers for supplies Borrowing money from a bank Providing services to customers on account Paying dividends to shareholders - Purchasing equipment Issuing stock to shareholders for cash Purchasing land
Which one of the following is a source of cash? O increase in common stock O decrease in retained earnings increase in accounts receivable O decrease in long-term debt Which one of the following is classified as an investment activity on the statement of cash flows? O purchase of inventory O purchase of equipment O repayment of a long-term debt O sale of common stock
QUESTION 1 10 points Save Answer Match transactions with suitable and applicable primary source documents. - The owner contributes a computer to the entity, R8 000. A. Petty cash voucher 1 - Sold merchandise to various customers and received R10 000 cash. B. Invoice (- Bought inventory on credit from a supplier, R3 000. C. Cash register roll A customer returned defective goods to us, which he has bought D. Original credit note originally for R800. E. Journal voucher Paid...
Classify the following cash flows as operating investing, or financing activities Classy as a source or a use of cash or indicate it is added or subjected on the Statement of Canon 1. Issued bonds payable. 2. Purchased shares as an investment 3. Issued common shares for cash 4. Paid dividends. 5. Increase in Accounts Receivable 6. Received payments from customers 7. Collected proceeds from sale of long-term investments 8. A loss on the Income Statement 9. Paid Accounts Payable...
Order the following purchasing process tasks in order from the start (1) to the end (7). Determination by Purchasing to fulfill internal customer needs with a supplier the firm already has an existing contractual relationship with, or approach a new supplier that is not currently qualified to provide products and services to the firm. The physical transmital of the purchase requirements involving the shipping and receiving processes requiring several important documents. Review of the spending pattern of the organization and...
with show work please
If a company reports operating profit of $70 million, earns net income of $50 million in Year 8. has 20 million shares of common stock outstanding, pays a dividend of $1.50 per share, and has annual interest costs of $15 million--all in Year 8, then the company's total earnings for Year 8 would be $10 million (net income of $50 million less interest costs of $10 million less dividend payments of $30 million = $10 million)....
Complete the following table with the appropriate source document. [10 marks] Transaction Source document Cash received from the owner, debtors, tenant etc Cash received from customers for sales or services rendered Payments made by Electronic transefer Credit sales of goods Credit purchases of goods, stationery etc. Return of goods by debtors Return of goods to creditors Payments made from petty cash Charges made by the bank, interest etc. Various miscellaneous transactions
Most questions answered within 3 hours.
-
**86 at 40 not 88. please show how got Tr in calculations thank
you
2) The...
asked 41 seconds from now -
McGlaun Company pays its employees every two weeks. The firm
last paid its employees on September...
asked 12 minutes ago -
You have been gifted a Mogwai as a pet and decide to do a little
online...
asked 17 minutes ago -
given the standard of 200 mg/dl and the absorbance of that
standard is 0.640. What is...
asked 20 minutes ago -
Exercise 8-51 Algo
An accounting professor is notorious for being stingy in giving
out good letter...
asked 28 minutes ago -
month
total distribution cost
level of activity (unit produced)
july
230.000
3500
august
250.000
3750
september...
asked 29 minutes ago -
A smoke detector system uses two devices, A and B. If smoke is
present, the probability...
asked 1 hour ago -
Your division head has assigned another important project to you
and your team. This project is...
asked 42 minutes ago -
Under normal use conditions, the Mean Time To Failure of a
heating coil can be modeled...
asked 1 hour ago -
Consider the probability that fewer than 34 out of 116 CDs will
be defective. Assume the...
asked 57 minutes ago -
4J Manufacturing Company uses a job order cost accounting system
and keeps perpetual inventory records. Prepare...
asked 46 minutes ago -
Please write code in C++
using recursive function
Write a program that computes the sequence of...
asked 44 minutes ago