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kow [346]
1 year ago
8

The planning cycle is viewed as a linear process with a sequence of steps; however, it can also be considered cyclical so that a

t any point in the planning process you can go back and change decisions.
Business
1 answer:
Lisa [10]1 year ago
5 0
A linear process with a sequence
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Net cash provided by operating activities was $12,000. Net cash provided by investing activities was $2,000. Net cash used in fi
ser-zykov [4K]

Answer:

$25,000

Explanation:

The cash balance at the end of the year can be calculated as follows:

=> $12,000 + $2,000 + $7,000 + $4,000

7 0
3 years ago
Read 2 more answers
Which of the following is true of work?
Mademuasel [1]

Answer:

a. A job needs to be divided into types of work so that it can be coordinated in some logical way. ==>TRUE.

b. Work is the output that comes from the accomplishment of tasks. ==>FALSE.

c. Work is effort directed toward accomplishing results.==>TRUE.

d. Ideally, the work to be done in any organization should be significantly less than the amount of work that the organization needs to have done.==>FALSE

Explanation:

For a Job to be effectively executed, the steps required to carry out the job needs to be properly outlined, this itemized steps can be regarded as the work that needs to be done to properly execute the job.

Every work done has to be goal oriented, this is done to give the workers a sense of direction and also to avoid wasting time, energy and resources on things irrelevant to the job at hand.

Work done on an organization has to be equal to or more than it had planned to carry out in order to achieve the organization overall objectives.

5 0
3 years ago
Whispering Company sells goods that cost $301,000 to Ricard Company for $402,000 on January 2, 2020. The sales price includes an
Jobisdone [24]

Answer:

The amount of revenue to be recognized at 31st March is $383500

Explanation:

The revenue amount that should be recognized in the income statement as at March 31,2020 is the  sales price of $365000 plus three months of installation fee since installation is expected to last six months and three months have passed since installation began.

Hence, the amount of revenue as at 31st March is calculated thus:

Sales price                                                                     $365000

Installation fee for 3 months(3/6*$37000)                   <u>$18500</u>

Total revenue as at 31st March                                    $ 383,500

The rationale behind this is that revenue is only recognized when the seller has discharged his or her obligation under the contract not when cash is received and it is very clear that installation has been undertaken for 3 out of 6 months

7 0
3 years ago
If the economy is in a recession, according to Keynesian economists, which fiscal policy is likely help this economic issue?
VashaNatasha [74]

Answer:

<em>e</em><em>x</em><em>p</em><em>a</em><em>n</em><em>s</em><em>i</em><em>o</em><em>n</em><em>a</em><em>r</em><em>y</em><em> </em><em>f</em><em>i</em><em>s</em><em>c</em><em>a</em><em>l</em><em> </em><em>p</em><em>o</em><em>l</em><em>i</em><em>c</em><em>y</em><em>.</em>

Explanation:

<em>e</em><em>x</em><em>p</em><em>a</em><em>n</em><em>s</em><em>i</em><em>o</em><em>n</em><em>a</em><em>r</em><em>y</em><em> </em><em>f</em><em>i</em><em>s</em><em>c</em><em>a</em><em>l</em><em> </em><em>p</em><em>o</em><em>l</em><em>i</em><em>c</em><em>y</em><em> </em><em>i</em><em>s</em><em> </em><em>m</em><em>o</em><em>s</em><em>t</em><em> </em><em>a</em><em>p</em><em>p</em><em>r</em><em>o</em><em>p</em><em>r</em><em>i</em><em>a</em><em>t</em><em>e</em><em> </em><em>w</em><em>h</em><em>e</em><em>n</em><em> </em><em>a</em><em>n</em><em> </em><em>e</em><em>c</em><em>o</em><em>n</em><em>o</em><em>m</em><em>y</em><em> </em><em>i</em><em>s</em><em> </em><em>i</em><em>n</em><em> </em><em>r</em><em>e</em><em>c</em><em>e</em><em>s</em><em>s</em><em>i</em><em>o</em><em>n</em><em> </em><em>a</em><em>n</em><em>d</em><em> </em><em>p</em><em>r</em><em>o</em><em>d</em><em>u</em><em>c</em><em>i</em><em>n</em><em>g</em><em> </em><em>b</em><em>e</em><em>l</em><em>o</em><em>w</em><em> </em><em>i</em><em>t</em><em>s</em><em> </em><em>p</em><em>o</em><em>t</em><em>e</em><em>n</em><em>t</em><em>i</em><em>a</em><em>l</em><em> </em><em>G</em><em>D</em><em>P</em><em>.</em><em> </em>

5 0
2 years ago
Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. Durin
hjlf

Answer:

Global Marine

a. Indication of the accounts and amounts for each transaction:

a. Cash $5,500,000 Common stock $500,000 Additional Paid-in Capital $5,000,000

b. Treasury stock $125,000 Additional Paid-in Capital $1,125,000 Cash $1,250,000

c. Cash $510,000 Treasury stock $50,000 Additional Paid-in Capital $460,000

d. Cash $490,000 Treasury stock $50,000 Additional Paid-in Capital $440,000

b. Journal Entries:

a. Debit Cash $5,500,000

Credit Common stock $500,000

Credit Additional Paid-in Capital $5,000,000

To record the issuance of 100,000 shares of the common stock at $55 cash per share.

b. Debit Treasury stock $125,000

Debit Additional Paid-in Capital $1,125,000

Credit Cash $1,250,000

To record the repurchase of 25,000 shares at $50 cash per share.

c. Debit Cash $510,000

Credit Treasury stock $50,000

Credit Additional Paid-in Capital $460,000

To record the re-issuance of 10,000 shares from treasury for $51 per share.

d. Debit Cash $490,000

Credit Treasury stock $50,000

Credit Additional Paid-in Capital $440,000

To record the re-issuance of 10,000 shares from treasury for $49 per share.

Explanation:

a) Data and Calculations:

Authorized common stock shares, 1,000,000 at $5 par value

Net income earned during the year = $400,000

Selected transactions:

a. Cash $5,500,000 Common stock $500,000 Additional Paid-in Capital $5,000,000

100,000 shares of the common stock at $55 cash per share.

b. Treasury stock $125,000 Additional Paid-in Capital $1,125,000 Cash $1,250,000

25,000 shares at $50 cash per share.

c. Cash $510,000 Treasury stock $50,000 Additional Paid-in Capital $460,000

10,000 shares from treasury for $51 per share.

d. Cash $490,000 Treasury stock $50,000 Additional Paid-in Capital $440,000

10,000 shares from treasury for $49 per share.

8 0
3 years ago
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