Below are several transactions for Meyers Corporation for 2021. Issue common stock for cash, $49,000.
Purchase building and land with cash, $34,000.
Provide services to customers on account, $6,900.
Pay utilities on building, $950.
Collect $4,900 on account from customers.
Pay employee salaries, $8,900.
Pay dividends to stockholders, $3,900.
Required:
For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether Meyers should classify it as operating, investing, or financing in a statement of cash flows. (Enter N/A if the question is not applicable to the statement. List cash outflows as negative amounts.)
Calculate net cash flows for the year. (List cash outflows as negative amounts.)
Assuming the balance of cash on January 1, 2021, equals $4,300, calculate the balance of cash on December 31, 2021.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

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