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Answer:
b) cash 1000
account receivable 1000
Explanation:
Since in the question it is given that the company received payment from one of his customers on August 5 for the service performed on July 21
So under the accrual basis accounting, the journal entry is as follows
Cash Dr $1,000
To Account receivable $1,000
(Being the payment received is recorded)
While debiting the cash and credited the account receivable
<h2>Depending on the need would be the apt answer for this type of question.</h2>
Explanation:
Employees normally consider meeting as waste of time, or they might sell products instead of attending meeting. We must re-insist the purpose of meeting.
Meeting,
- can make employer understand employee better and vice-versa
- is to communicate latest update, expectation
- is to track current events and to hand-hold wherever necessary
- is to review the road map to reach the organizational goals
- is to appreciate the best work so that it would be a motivational factor for everyone
- meant to trigger the work more efficiently
The meeting are organized to support both organization and employees to be on track and it is scheduled only as per need. So it is not often and whenever it is essential.
Answer:
$8,000
Explanation:
Data provided in the question:
Sales = $50,000
EBIT = $10,000
Depreciation = $4,000
Increase in Fixed assets = $2,000
Tax rate = 30%
Increase in net operating income = $1,000
Now,
PAT = EBIT - Tax
= 10,000 - (30% of EBIT)
= $10,000 - (30% of $10,000)
= $10,000 - $3,000
= $7,000
Operating cash flow = PAT + depreciation
= $7,000 + $4,000
= $11,000
Therefore,
Free cash flow
= Operating cash flow - Increase in Fixed asset - Net working capital
= $11,000 - $2,000 - 1,000
= $8,000
