please answer all 4 questions below Question 5...

90.2K

Verified Solution

Question

Accounting

please answer all 4 questions below image
image
image
image
Question 5 1.25 pts Rare Gems, Inc engaged in the following cash transactions during May: Purchase of Inventory $5,000 $7,000 Cash Proceeds from Loan Cash Collected from Sales New Stock Issued Salaries paid to Employees $26,500 $25,000 $4,600 Purchase of New Delivery Van $20,000 What is the net cash flow from financing? $32,000 $7,000 $25,000 $31,600 Rare Gems, Inc engaged in the following cash transactions during May: Purchase of Inventory $5,000 $7,000 Cash Proceeds from Loan Cash Collected from Sales $26,500 $25,000 New Stock Issued Salaries paid to Employees $4,600 Purchase of New Delivery Van $20,000 What is net cash flow from investing? ($25,000) ($20,000) $25,000 $32,000 Question 7 1.25 pts Rare Gems, Inc engaged in the following cash transactions during May: Purchase of Inventory $5,000 Cash Proceeds from Loan $7,000 Cash Collected from Sales $26,500 New Stock Issued $25,000 Salaries paid to Employees $4,600 Purchase of New Delivery Van $20,000 What is the net cash flow from operating? $21,900 $16,900 ($3,000) $26,500 Question 8 1.25 pts The following financial data is Blue Bird Bus Company (amounts in Millions): Accounts Payable $7,759 Cash $2,210 $53 Common Stock Cost of Goods Sold $51,278 Interest Expense $882 Inventories $8,790 Accounts Receivable $4,446 Property, Plant, Equipment $25,958 Sales $72,618 What is the amount of Current Assets? $2,210 $15,446 $6,656 $57,934

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students