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3 years ago

Companies prefer that their working capital is a positive amount rather than a negative amount. True or false

Business

1 answer:

Roman55 [17]3 years ago

5 0

Answer:

True

Explanation:

The working capital is the difference between the current assets that is used in daily operations e g cash to current liabilities that are to be met in daily operations e g suppliers credit.

It's better kept at ratio 2:1 for the Company to continuously meets his obligations in order to ensure perpetuity.

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From the following list of steps in the accounting cycle, identify what two steps are missing: Transactions are analyzed and rec

weeeeeb [17]

Answer:

The Accounting Cycle refers to the process of recording and analyzing the transactions of a business into it's books so that proper financial statements may be recorded and used.

It happens in 10 steps which are;

1. Transactions are analyzed and recorded in the journal.

2. Transactions are posted to the ledger. ( Missing)

3. An unadjusted trial balance is prepared.

4. Adjustment data are assembled and analyzed.

5. An optional end-of-period spreadsheet (work sheet) is prepared.

6. Adjusting entries are journalized and posted to the ledger.

7. An adjusted trial balance is prepared.

8. Financial statements are prepared. (Missing)

9. Closing entries are journalized and posted to the ledger.

10. A post-closing trial balance is prepared.

Step 2

After posting transactions to their journals, the transactions go to the General ledger.

Step 8.

Using the details from the adjusted trial balance, the Financial Statements can then be prepared with the correct figures.

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3 years ago

HELP please!!! i’ll give brainliest (IT’S WHERE IT SAYS SLIDE 7) question* please explain, it’s very important

ollegr [7]

Yes because the economy would not succeed with the economic resources it is given the economy will rely on the resources to grow and expand in ways we do not even know.

hope this helps!!!!

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4 years ago

A _____ is subsidiary to the work-in-process account and is the primary document for accumulating all costs related to a particu

kolezko [41]

I think it’s C I’m not for sure

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4 years ago

What was the dominant pattern of race relation in colonies during the new imperialism period.

Amanda [17]

White colonizers conquered lands where nonwhite people lived was the dominant pattern of race relations in colonies.

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3 years ago

Ravi Singh is working his way through college as an independent distributor of the Rapier Knife Co. The Rapier product line incl

vovikov84 [41]

Answer:

the correct answer is A. engaged in direct selling but is part of an indirect channel.

Explanation:

if you can see, ravi is actually dealing with his customers head on and maintain a direct and friendly relationship with them, the question states that he even makes presentations to customers at their homes. so there is no doubt that he is engaged in direct selling!

but the indirect channel he use is the way he gets the goods to sell. here he buys them from a supplier and sell them at a markup price. although this might be an indirect way, it does not mean that he is not engaged in "direct marketing". marketing aspect relates to how the seller is engaging with the market and customers.

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3 years ago