Is purchasing merchandise inventory considered an investing or operating activity? Explain.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
Purchasing merchandise inventory is an operating activity in ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
Question Posted:
Students also viewed these Accounting questions
-
Is the purchase of securities an operating activity or an investing activity? Explain.
-
Explain the relationship between inventory turnover and purchasing needs.
-
Explain why the Merchandise Inventory account will usually require adjustment at year-end.
-
The gun 25kV In a television tube, a beam of electrons from 0.22mm de ofonmeter; they arrive5.6 x 104 electrons per second. Calculate the magnetic fieldIt isproduced by the beam at a point1.5mm from...
-
Harlow Corporation manufactures and sells a single product. In preparing the budget for the first quarter, the company's cost accountant has assembled the following information: The company uses the...
-
A distillation column that has a total condenser and a partial reboiler is fed 500 kmol/h of an equimolar mixture of pentane and hexane. The feed is saturated liquid. It is necessary to produce...
-
A rectangular cartop carrier of \(1.6-\mathrm{ft}\) height, \(4.0-\mathrm{ft}\) length (front to back), and 4.2-ft width is attached to the top of a car. Estimate the additional power required to...
-
On its acquisition-date consolidated balance sheet, what amount should TruData report as goodwill? a. 0. b. $15,000. c. $35,000. d. $100,000. On July 1, TruData Company issues 10,000 shares of its...
-
Johnson Ceramics, a division of Sesnie Corporation, has an operating income of $64,000 and total assets of $400,000. The required rate of return for the company is 9%. The company is evaluating...
-
Dwight Donovan, the president of Donovan Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to...
-
Explain why the accounting equation must balance after each transaction.
-
If owners contribute resources to a company, Owners Equity increases. If a company records Sales Revenue, Owners Equity also increases. How are Contributed Capital and Sales Revenue dissimilar?
-
The classic One-Step step stool shown to the right is assembled from a prefabricated seat (with bolts attached), one bottom leg, one top leg, five nuts, and four leg tips. Construct a product...
-
Lori is a student who teaches golf on Saturdays. In a year, she earns $20,000 after paying her taxes. At the beginning of 2017, Lori owned $1,000 worth of books, DVDs, and golf clubs and she had...
-
After you have studied Economics in the News on pp. 156157, answer the following questions. a. How do the real GDP growth rates of Canada and the United States compare since 2006? b. How do the real...
-
What is the market opportunity for social robots in the senior care industry?
-
What challenges that make fiscal stimulus difficult to implement does the news clip illustrate? What are the potential consequences of a stimulus being too much and being pursued for too long? Chinas...
-
Why would banks want to be seen as friends of students and offer student accounts with no charges? Banks are in business to make money for their shareholders, not to put the interests of customers...
-
If we add Pascals matrix (Problem 55) and the identity matrix, we find [P] + [I] . For the order shown in Problem 55, Find the inverse of this matrix. Data from Problem 55 If we take the first few...
-
Determine the resultant moment produced by the forces about point O. 0.25 m 0.125 m, 0 0.3 m- 60 F = 500 N F = 600 N
-
Use de Moivres theorem to calculate the third and fourth powers of the complex numbers Data from De Moivres theorem
-
Key figures for Apple and Google follow. Required 1. Compute the debt-to-equity ratios for Apple and Google for both the current year and the prior year. 2. Use the ratios from part 1 to determine...
-
Separately analyze transactions a and b from QS 10-2 by showing their effects on the accounting equation specifically, identify the accounts and amounts (including + or ) for each transaction. QS...
-
Ellis Company issues 6.5%, five-year bonds dated January 1, 2020, with a $250,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $255,333. The annual market...
-
Explore the application of intensified separation processes, such as membrane technologies, simulated moving bed (SMB) chromatography, and extractive distillation, in optimizing the efficiency and...
-
Using the pipework isometric drawing in Figure 6. list the number of welds of each type and size required; create a list of cut lengths for each pipe (neglect weld size and spacing); and . determine...
-
XYZ Inc. sells two products, A and B. The selling price, variable cost and contribution margin per unit of product are shown below: Product A Selling Price $ 24 B $ 28 Variable Cost $ 10 $ 24...
Study smarter with the SolutionInn App