Um.. is that a question or just telling us?...
A decrease in the inventory account during the year should be reported on the statement of cash flows as in financing activities as a use of funds.
What is in a cash flow statement?
On the cash flow statement, the entire amount of cash and cash equivalents that enter and exit a business are displayed. The CFS focuses on a company's ability to manage its cash, particularly how successfully it produces cash flow. The income statement and balance sheet both receive information from this financial statement.
What is financing activities in cash flow statement?
The cash flow statement's financing activity describes a company's capacity to raise capital and return it to investors via capital markets. The issuance and sale of additional shares of stock, as well as the growth, addition, and modification of existing debt, are also included in these acts. This list also includes dividend payments made in cash.
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Here are the options:
A. Check the receiving room for the product to be in the shelves.
B. Let them no the truck comes in on Tuesday.
C. Tell the Customer to check back again later.
D. Show the Customer the other brands of Shampoo that's available on the shelf
Answer:
<u>D. Show the Customer the other brands of Shampoo that's available on the shelf.</u>
Explanation:
This is the option because it provides an opportunity to still make a sale. Remember, the customer only complained of not seeing a particular brand
It therefore, means that if shown other brands of Shampoo that's available on the shelf they may opt-in to buy them.
Answer: Contact efficiency.
Explanation:
Phoenix automated retail provides contact efficiency for their customers as they help reduce the stages the consumers pass through before they can hire their products. Contact efficiency is a method of eliminating unnecessary stages in the supply chain between the consumer and the product they seek to purchase.
Answer:
$2,000
Explanation:
The computation of the amount pay to the tax authorities during the year is shown below;
Let us assume the accrued payment be $6,000
Let us assume the amount pay to the tax authorities be X
Beginning Taxes payable account balance + Accrued payment - X = Ending taxes payable account balance
$3,000 + $6,000 - X = $7,000
$9,000 - X = $7,000
So, the X is
= $9,000 - $7,000
= $2,000
hence, the amount pay to the tax authorities is $2,000