100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
REAL EXIT EXAMS WITH CORRECT ANSWERS AND QUESTIONS VERIFIED 2024/2025 £16.43   Add to cart
Quickly navigate to
Preview
  2.  
  3. ATI FADERM WITH AND
  4.  
  5. ATI FADERM WITH AND

Exam (elaborations)

REAL EXIT EXAMS WITH CORRECT ANSWERS AND QUESTIONS VERIFIED 2024/2025
 9 views  0 purchase
  • Module
  • ATI FADERM WITH AND
  • Institution
  • ATI FADERM WITH AND

Examples of public gatherings that may need place of assembly safety personnel - ANSWER Cabarets, indoor skating rinks, bowling alleys, museums, dance halls, movie theaters, tv studios admitting an audience, sports arenas, circuses, stadiums, performing arts theaters, passenger terminals, etc. Wh...

[Show more]

Preview 1 out of 4  pages

Document information

  • August 9, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • real exit exams with correct answers and question
  • real exit exams with correct answers and questio
  • real exit exams with correct answers and questio

Written for

  • ATI FADERM WITH AND
  • ATI FADERM WITH AND

Seller

avatar-seller
NurseEdwin

Reviews received

Content preview

Financial Accounting
2024/2025

Tom's Grocery purchased 5 new cash registers for their new store and they paid $2,400 each for
a total of $12,000 on August 1, 2013, the day they were delivered. The cash registers are
expected to have useful lives of 5 years and they are not expected to have any salvage value.
Tom's Grocery uses straight-line depreciation. The cash registers were recorded as long-lived
assets at the time of the purchase and now Tom's needs to make an entry showing the expense
related to these cash registers up to December 31, 2013. - ANSWER ✓✓✓The depreciable value
of the cash registers is $12,000 and they have an estimated useful life of 5 years (or 60 months),
so the monthly depreciation would be $200 per month ($12,). To recognize the 5
months' worth of depreciation ($200 per month * 5 months = $1,000) at 12/31/13, the company
would record a debit to Depreciation (an expense, part of owners' equity) for $1,000 and a credit
to Accumulated Depreciation (a contra-asset, part of assets) for $1,000.



Which of the following is a common finding in looking at statement of cash flows of a startup
company? - ANSWER ✓✓✓A significant positive cash flow from financing activities



Company A estimates that it needs 30% of sales in net working capital. In year 1, sales were $1
million and in year 2, sales were $2 million. Associated with the change in net working capital
from year 1 to year 2 is a cash: - ANSWER ✓✓✓outflow of $300,000. The company would need
to make a cash investment (outflow) of $300,000 to increase their net working capital from the
$300,000 needed to support $1 million of sales to the $600,000 needed to support $2 million of
sales.



All You Need To Know (AYNTK) magazine received $60,000 cash in annual subscriptions in
December 2013. AYNTK is a monthly publication and all of these subscriptions commence in
January 2014. What entry should AYNTK make on December 31, 2013 to record the payments
received for these subscriptions? - ANSWER ✓✓✓debit Cash for $60,000 as the company now
has the cash, and credit Deferred Revenue for $60,000 as the company now has the obligation

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseEdwin. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £16.43. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

70055 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£16.43
  • (0)
  Add to cart