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2 years ago

Smiley Corp.'s transactions for the year ended December 31, 2018 included the following:

Business

2 answers:

Olenka [21]2 years ago

8 0

Answer:

Explanation:

The following information was taken from the 2018 financial statements of Dunlop Corporation:

Bonds payable, January 1, 2018

$ 800,000

Bonds payable, December 31, 2018

4,800,000

During 2018

• A $720,000 payment was made to retire bonds payable with a face amount of $800,000.

• Bonds payable with a face amount of $320,000 were issued in exchange for equipment.

In its statement of cash flows for the year ended December 31, 2018, what amount should Dunlop report as proceeds from issuance of bonds payable?

mixas84 [53]2 years ago

7 0

Answer:

b. -$350,000

Explanation:

The calculation of net cash used in financing activities is shown below:-

Net cash used in cash flow from financing activities = Borrow from bank - Dividend paid + Issue common Stock - Loan repaid

= $1,250,000 - $1,200,000 + $500,000 - $900,000

= -$350,000

Therefore for calculating the net cash used in financing activities we simply applied the above formula.

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Which financial leverage ratio is used with two other ratios to mathematically produce the return on equity ratio?

ipn [44]

Answer: c. Total Assets/ Equity

Explanation:

To measure the Return on Equity with 3 ratios, the <em>DuPont Analysis</em> can be used. This is a technique of deconstructing the Return on Equity ratio into various constituent ratios so that their effect on Return on Equity is better know.

The basic DuPont Analysis is;

Return on Equity = $\frac{Net Income}{Revenue} * \frac{Sales}{Total Assets} * \frac{Total Assets}{Equity}$

Total Assets/ Equity or the Assets to Shareholder Equity ratio is the answer.

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2 years ago

Resources are adequate, but demand varies widely over the life of the project. Delaying noncritical activities to lower peak dem

-BARSIC- [3]

Answer:

resource smoothing

Explanation:

According to the definition provided in the question we can say that this is regarding resource smoothing. Like mentioned in the question this term refers to a management technique that adjusts the resources so that the requirements do not surpass the resource limits that the company has specified, by delaying the noncritical activities in order to allow for the important ones first.

If you have any more questions feel free to ask away at Brainly.

3 0

2 years ago

Journalize the following transactions that occurred in November 2018 for May's Adventure Park. Assume May's uses the gross metho

gregori [183]

Answer:

May's Adventure Park

Journal Entries for November 2018:

Nov. 4: Debit Inventory $5,000

Credit Accounts Payable (Vera Company) $5,000

Nov. 6: Debit Freight-in $100

Credit Cash $100

Nov. 8: Debit Accounts Payable (Vera Company) $2,500

Credit Inventory Returns $2,500

Nov. 10: Debit Cash Account $1,100

Credit Sales $1,100

Nov. 10: Debit Cost of Goods Sold $400

Credit Inventory $400

Nov. 11: Debit Accounts Receivable (Geary Corporation) $11,100

Credit Sales $11,100

Nov. 11: Debit Cost of Goods Sold $6,105

Credit Inventory $6,105

Nov. 12: Debit Freight-out $20

Credit Cash Account $20

Nov. 13: Debit Accounts Receivable (Caldwell Company) $9,500

Credit Sales $9,500

Nov. 13: Debit Cost of Goods Sold $5,225

Credit Inventory $5,225

Nov. 14: Debit Accounts Payable (Vera Company) $2,500

Credit Cash Discount $75

Credit Cash Account $2,425

Nov. 17: Debit Sales Returns $500

Credit Accounts Receivable (Caldwell Company) $500

Nov. 17: Debit Inventory $500

Credit Cost of Goods Sold $500

Nov. 18: Debit Inventory $3,600

Credit Accounts Payable (Rainman Corporation) $3,600

Nov. 20: Debit Cash Account $10,878

Debit Cash Discount $222

Credit Accounts Receivable (Geary Corporation) $11,100

Nov. 26: Debit Accounts Payable (Rainman Corporation) $3,600

Credit Cash Discount $72

Credit Cash Account $3,528

Nov. 28: Debit Cash Account $9,000

Credit Accounts Receivable (Caldwell Company) $9,000

Nov. 29: Debit Inventory $12,300

Credit Accounts Payable (Sandra Corporation) $12,300

Nov. 29: Debit Freight-in $170

Credit Cash Account $170

Explanation:

Journal entries are made to debit and credit the accounts involved in each business transaction. They are the first accounting records made to capture transactions after they have been analyzed to know the accounts affected and which accounts in the ledger will be debited or credited. They are usually accompanied with short explanations, e.g. the trade terms.

7 0

2 years ago

The question, "What are the distinguishing characteristics of effective leaders?" sparked which approach to the study of leaders

Sergio [31]

Answer:

behavioral approach to the study of leadership

Explanation:

In simple words, The behavioral approach is only concerned with what managers do and what they behave. The behavioral approach broadened the science of leadership to encompass the activities of leaders toward followers in diverse settings by moving the study of leadership to leader behaviors. Monitoring and analyzing a leader's movements and behaviors in response to a given circumstance is central to behavioral leadership theory.

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2 years ago

Capital budgeting projects typically assume that all cash flows transpire at the end of the year. The reason for this is that:

garri49 [273]

Explanation:

This is an easy way for a manager to make an effective decision to carry out a capital budget project by analyzing a company's inflows and outflows from a period and determining what is the rate of resources and what are the aggregate risks for realization. investment that brings a positive return consistent with organizational objectives.

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2 years ago