Concept Introduction:
Organizational activities: Organizational activities are the activities that are performed to maintain the operation of a business. Financing, investing or operating activities are the three major organizational activities.
Operating activities: Operating activities include regular business activities such as cash received from sale of products, supplier payments, client servicing.
Investing activities: Investing activities are performed for buying and selling of assets such as building, machinery.
Financing Activities: Financing activities are performed for arranging or repaying, equity or debt such as payment of dividends, cash received from owner.
1.
To Describe: The given activities into Financing, investing or operating activities

Want to see the full answer?
Check out a sample textbook solution
Chapter 1 Solutions
FUNDAMENTAL ACCT PRIN TEXT+CONNECT CODE
- What is the required sales to achieve this income? Please solve general accounting question do fastarrow_forwardSamantha works as a sales assistant. She receives a weekly wage of $280 plus a commission of $0.12 per dollar of goods sold. During one week, Samantha sold goods worth $2,100. The following deductions apply to her gross earnings: pension contribution of 6.5% of gross earnings and income tax of $55. Calculate Samantha's net earnings for the week.arrow_forwardSolve this financial accounting problemarrow_forward
- Fennel Industries had 6,420 actual direct labor hours at an actual rate of $15.60 per hour. Original production had been budgeted for 950 units, but only 880 units were actually produced. Labor standards were 7.2 hours per completed unit at a standard rate of $16.10 per hour. What is the direct labor rate variance?arrow_forwardPlease explain the solution to this general accounting problem with accurate principles.arrow_forwardZara Freight Co. has a current stock price of $36. Over the past year, the company reported net income of $4,800,000, total equity of $19,200,000, sales of $33,800,000, and has 3.8 million shares of stock outstanding. What is the price-sales ratio?arrow_forward
- I am looking for the correct answer to this general accounting question with appropriate explanations.arrow_forwardIn 2022, Rolling Mills, a producer of organic oat flour, had the capacity to produce 12,000,000 pounds of product at a conversion cost per pound of $0.18. The conversion cost per pound was $0.14 in 2021 (the previous year). The direct material cost per pound for both years was $0.09 per pound. In 2022, Rolling Mills produced 10,500,000 pounds, while actual production for the previous year was 9,200,000 pounds. What was the cost of unused capacity in 2022?arrow_forwardCompute the total manufacturing costsarrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education





