Answer:
The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is $26400.
Explanation:
Cash flow from customers = Account receivable, beginning + Credit sales - Account receivable, ending
= 2,100 + 6,500 - 1,100
= $26400
Therefore, The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is $26400.
Straight line method formula is depreciable amount /
estimated useful life.
Plugging in our data from the problem above:
[(30,000,000 + 2,000,000)
- 2,400,000
= ----------------------------------------------------
40
years
32,000 000 – 2,400,000
= ----------------------------------
40 years
29,600,000
= ---------------
40 years
= 740,000 is the depreciation for the first full year.
The most important decision-specific characteristics that make accounting information helpful are relevance and faithful depiction.
Accounting data is the information that is recorded in the books of accounts and is utilized by management to make decisions. Financial statements are created using this data.
The information provided should be pertinent to the financial statement users and aid in their decision-making. Users may rely on the reported information to develop their opinions and make decisions because dependability guarantees that correct information is reported. According to the feature of relevance, the information must be both confirmatory and predictive in order for users to make and assess economic decisions. The type and substance of information have an impact on its relevance. A depiction would need to have three qualities in order to be an exact replica. It would be whole, impartial, and error-free.
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Answer:
are never final, as managing strategy is an on-going, dynamic process.
Explanation:
In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;
I. Value.
II. Vision.
III. Mission.
Hence, a company's direction, objectives, and strategy are never final because managing strategy is a continuum or an on-going, dynamic process. Thus, it's never a now and then task.