The answer should be b. going to the movies with friends
Answer:
Investing cash flow from current year = -$250,750. This means that the company invested $250,750 in purchasing new equipment and land during the year.
Explanation:
cash flow from investing activities = money received from the sale of assets - money spent purchasing new assets
- money received from the sale of assets = $175,000
- money spent purchasing new equipment = plant & equipment year 20x1 - plant & equipment year 20x2 + cost of old equipment = $1,000,000 - $1,025,000 + $225,000 = $200,000
- money spent purchasing new land = land 20x2 - land 20x1 = $725,750 - $500,000 = $225,750
Cash flow from investing activities = $175,000 - $200,000 - $225,750 = -$250,750
Answer:
D. The company's ability to improve and create value
Explanation:
The financial perspective is concerned the businesses are still very much in increasing the revenue and focus how to curtail the cost so as to be increasing the profit and creating value for the concern. So here balanced score card is used to assess businesses meeting their financial goal to what extent.
Answer:
B) proportional
Explanation:
In the case of the proportional tax structure the marginal tax rate should be equivalent to the average tax rate without considering the high level of taxable income or low level of taxable income
Therefore in the given case, the tax structure should be proportional
hence, the correct option is B
And, the same is to be considered
Answer:
Date Explanation Debit Credit
January 1 Petty Cash $200
Cash $200
Explanation:
Step 1: Journal Entries to Establish the Fund on January 1
Date Explanation Debit Credit
January 1 Petty Cash $200
Cash $200
Being the establishment of petty cash fund
Step 2: Preparing Journal Entries to reimburse funds on January 8
Date Explanation Debit Credit
January 8 Postage $74
Transportation $29
Delivery $16
Miscellaneous $43
Cash $162
Being the reimbursement of Petty Cash Fund.
Petty Cash is usually a fund established by an organisation to take care of day to day expenses. At the end of a period or at the exhaustion of the fund, an account is given and then the amount spent is reimbursed.
