Answer:
Dr Cash$561,360
Dr Finance charge expense $8,640
Cr Finance arrangement $570,000
Explanation:
Preparation of the journal entry to record the borrowing on the books of High Five Surfboard.
Dr Cash$561,360
[$570,000-($720,000*1.2%)]
$570,000-$8,640
=$561,360
Dr Finance charge expense $8,640
($720,000*1.2%)
Cr Finance arrangement $570,000
(Being to record the borrowing on the books of High Five Surfboard )
E)
Diversification is a corporate strategy to enter a new market, where the business does not currently operate, and it provides a new product for that new market.
Wendy’s pretzel burger ad made me hungry and wanted to buy burger
<span>The preferred method of resolving a partner's deficit balance according to the uniform partnership act is that the other partners must contribute personal assets to cover the deficit balance.</span>
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.