Answer:
B) low social rapport and direct interaction
Explanation:
Since this teams are usually not located in the same place. The rapport and the interaction is low.
Answer:
A relevant account from the chart of accounts
Explanation:
QuickBooks is an accounting software that is designed to assist users with little accounting experience manage their financial records.
Transactions in QuickBooks are classed as products and services. These are mapped to relevant accounts in the chart of accounts.
For example mapping can be done to asset or liability accounts.
When mapping there are three classes products and services can be mapped to:
-Inventory
-Non inventory
-Services
When setting up new product and service the appropriate class is chosen and relevant account is assigned to the product or service.
For example sales tax is mapped by default to sales tax payable account.
Yes , it is true . when it is in a progressive tax system
Answer:
The accounting cycle is all about managing,updating and reporting on the firm's accounts.
Explanation:
The accounting cycle can be listed in the following nine steps as:
- Step 1: analyzing transactions as sales, purchase,etc
- Step 2: All the transactions need to be recorded
- Step 3: All the information should be transferred from journal to the ledger
- Step 4: An unadjusted trial balance should be formulated
- Step 5:Adjusted entries are prepared
- Step 6: An adjusted trial balance is constructed
- Step 7: a financial statement is prepared
- Step 8: Closing entries are prepared
- Step 9: The post closing trial balance is prepared
Answer:
$21,000
Explanation:
Given;
net change in cash = $50,000
net cash provided by investing = $5,000
net cash provided financing activities = $14,000
net change in cash = net cash provided by operating + net cash provided by investing + net cash provided financing activities
50000 = net cash provided by operating + 5000 + 14000
net cash provided by operating = 50000 - 5000 - 14000
= 21000
net cash provided by operating is $21,000
