Answer:
Dr Equipment $6,300
Dr Accumulated depreciation $3,780
Dr Loss on disposal $5,040
Cr Machinery $11,340
Cr Cash $3,780
Explanation:
Whispering Company
Journal entries
Dr Equipment $6,300
Dr Accumulated depreciation $3,780
Dr Loss on disposal $5,040
Cr Machinery $11,340
Cr Cash $3,780
Loss on disposal
$6,300+$3780=$10,080
$11,340+$3,780=$15,120
$15,120-10,080=5,040
Answer:
Financing activities.
Explanation:
In the financing activities of the cash flow statement the stockholder equity section should be considered i.e. if there is an issuance of the common stock or preferred stock or both so the same would be represented as cash inflow but if there is a dividend so it would be represent as a cash outflow
So as per the given situation it is a part of the financing activities
Answer: $90,000
Explanation:
If sales in 2008 and 2009 were steady at $30 million, but the gross margin increased from 2.9% to 3.2% between those years, the amount by which the cost of sales would be reduced would be:
= $30 million × (3.2% - 2.9%)
= $30 nillioy× 0.3%
= $30 million × 0.003
= $90,000
Answer:
E) A proactive stance allows a company to take advantage of opportunities as they arise.
Explanation:
A proactive marketing stance entails collecting data to use in planning organized promotion campaigns in advance. This marketing stance frees up energy and time which enable a firm to benefit from new opportunities that may arise. A proactive marketing stance ensures that a firm is ready to take advantage of trending windows of opportunity, trending news, and emerging events.
