Answer:
The correct option is c. she/he must account for a delay between the sale and the actual collection of the proceeds
Explanation:
As in the given question, it is mentioned that the credit sale is made, so the owner would remember the delay between the sale and the actual collection so that he knows the gap between these two.
Moreover, for cash budgeting purposes, it is necessary to remember when the owner received the cash and the date on which credit sale was made.
So, all other options are incorrect because it doesn't make any comparison between these two thing which is important for cash budgeting purposes.
Hence, The correct option is c. she/he must account for a delay between the sale and the actual collection of the proceeds
Answer and Explanation:
a. The events described should be shown in the attachment below;
b. The balance of account receivable at the end of year 1 is $2,500
c. The balance of account payable at the end of year 1 is $7,500
d. The amount of gross margin and net income is
Gross margin = $22,500 - $15,000 = $7,500
Net Income = $7,500 - $4,000 = $3,500
e. The amount of net cash flow from operating activities is $3500
Answer:
see below
Explanation:
Banks pay interest on customer deposits. It means that a customer's deposit will grow if left at the banks for some period. When a customer deposits, the bank retains only a small fraction of the money in its custody. The bigger portion is loaned out to other customers. Therefore, a bank uses customer deposits to create loans. In return, the banks will pay customers interest for the use of their deposits. Banks also charge interest when they loan out money.
Mya is a manager who practices <u>intellectual stimulation</u> with her employees.
<h3>What is
intellectual stimulation?</h3>
Intellectual stimulation can be defined as a form of leadership style in which a manager (leader) encourages innovation and creativity among his or her subordinates (employees), as well as critical thinking and problem-solving skills.
In this context, we can infer and logically deduce that Mya is a manager who practices <u>intellectual stimulation</u> with her employees because she gave them full authority to solve the advertising problem and implement the solution.
Read more on intellectual stimulation here: brainly.com/question/14568042
#SPJ1
