Based on the fact that Kim's flowers borrowed the money and used it to buy a new delivery vehicle, this business activity should be categorized as both a financing activity and an investing activity.
<h3>What should they classify this business activity as?</h3>
Because Kim's Flowers got the money as a loan, it would be recorded as an inflow for financial activities.
They then used it to purchase a delivery vehicle which is an investment and a capital asset so this will count as an investment activity.
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I'm pretty sure it's option D
Answer:
The change in Accounts Receivable is added to net income; The change in Inventory is added to net income.
Explanation:
Account receivable:
= Ending balance - Beginning balance
= 24,000 - 28,000
= -4,000
Decrease in account receivable
Inventory:
= Ending balance - Beginning balance
= 65,000 - 68,000
= -3,000
Decrease in inventory
Since the Current assets have decreased therefore they should be added to net income.
The change in Accounts Receivable is added to net income; The change in Inventory is added to net income.
Note: The options are missing from the question, so i have attached the options with the answer.
Answer:
Insurer pay the beneficiary = $50,000
Explanation:
Data provided in the question:
Amount of the policy bought by the S = $50,000
Accidental death cover = 50,000
Now,
When the S dies the insurer will pay the beneficiary the total amount for which is covered under the accidental cover i.e equal to the amount 50,000
hence,
Insurer pay the beneficiary = $50,000
Answer:
Not using service if part of law is violated.
Cease of account in case of rules break attempt.
Limit the access according to the designation of employees.
Explanation:
Acceptable use policy is the document which lists the terms and conditions which needs to be agreed to access the corporate network. The AUP included set of rules which must be agreed in order to access the network by user. The documents can includes rules regarding the administrative controls, operational controls and technical controls.
