Answer:
C. Recording Income.
Explanation:
The first step to prepare a cash flow statement is to show the Net Income of that company. It is an operating cash flow activities, one of three activities of cash flow statement.
Answer Choice A can not be the answer as the company cannot record any goals in cash flow because cash flow is a statement of cash inflow and outflow.
Answer choice B cannot be the answer as expenses are not shown in the cash flow statement either (If indirect method). However, after adjusting prepaid and advance or paid to suppliers are shown below the noncash account.
Answer choice D is not an option as tax information can be shown only if they are accrued or prepaid.
Therefore, C is the correct answer.
The cost of goods sold in a retail store totaled $325,000. fixed selling and administrative expenses totaled $115,000 and variable selling and administrative expenses were $210,000. if the store's contribution margin totaled $590,000, then sales must have been: 1,125,000
Our mind when we see something that pleases our mind it's a want, something the mind doesn't crave but knows you need for something is a need
Answer:
chain of command
Explanation:
A company's chain of command refers to how a company is hierarchically structured, meaning what position has authority or decision power over another position within the company. The highest authority is always held by the board of directors ⇒ then the CEO ⇒ then CFO, COO, (CIO) ⇒ department managers ⇒ middle managers ⇒ lower managers or supervisors ⇒ common employees
In this case, Victor is a common employee at the bottom of the pyramid, and he has two problems:
- he ran out of bicycle repair kits, and
- he doesn't know who should he inform about it.