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3 years ago

Will Achieving profitability automatically assure sufficient amounts of cash?

1 answer:

3 0

No, it doesn't necessarily assure sufficient amounts of money because profitability can still reflect in non-monetary forms eg: through assets.

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The charter of Vista West Corporation specifies that it is authorized to issue 209,000 shares of common stock. Since the company

stealth61 [152]

Answer:

209,000 shares

Explanation:

The company is authorized to issue 209,000 shares which represent maximum shares that can be issued. Authorized shares is the maximum number of shares a company can issue and this is stated in the corporate charter.

5 0

3 years ago

On October 1, Courtland Company sold merchandise in the amount of $5,800 to Carter Company, with credit terms of 2/10, n/30. The

Vilka [71]

Answer:

The journal entry that Courtland makes on October 8 is:

Debit Cash $5,684

Debit Sales Discount $116

Credit Receivable Accounts $5,800

Explanation:

On October 1, when Courtland Company sold merchandise, the following entries were made:

1. Debit Cost of goods sold $4,000

Credit Merchandise $4,000

2. Debit Receivable Accounts $5,800

Credit Sales $5,800

Credit terms of 2/10, n/30 means that 2% discount for the payment within 10 days and the full amount to be paid within 30 days.

Carter pays and takes the appropriate discount:

2% x $5,800 = $116

Cash Courtland Company receives: $5,800-$116 = $5,684

The journal entry that Courtland makes on October 8 is:

Debit Cash $5,684

Debit Sales Discount $116

Credit Receivable Accounts $5,800

3 0

3 years ago

What is the most likely illegal scheme to evade estate taxes?

nata0808 [166]

I belive this is Undervaluing asserts.
hope this helps!

5 0

3 years ago

According to the leader-member exchange theory, the individual worker is __________, and therefore, each dyadic relationship wil

nataly862011 [7]

According to the leader-member exchange theory, the individual worker is the situation, and therefore, each dyadic relationship will be somewhat different.

The leader-member exchange theory is a relationship-based approach to leadership theory that suggests leaders and members develop distinctive relationships. These relationships depend on their social give and take. The standard of these exchanges within an organization can heavily influence employee outcomes. This theory emphasizes the two-way relationship between leaders and followers.

The main motive of the leader-member exchange theory is to denote an explanation of the outcomes of leadership on members, organizations, and teams. This theory suggests that leaders do not treat every subordinate in the same way. In return, this treatment of the subordinates by their leader determines their work-related attitudes.

Learn more about Leader-member exchange theory: https://brainly.in/question/9862449

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7 0

2 years ago

Give the journal entry (FOR FULL CREDIT ALWAYS GIVE JOURNAL ENTRIES IN PROPER FORM: see Hints/FAQ tab for guidelines) when a bui

Digiron [165]

The journal entry of a building being purchased will be, a debit in the building account by $60,000; and the cash account and payables account will be credited by $20,000 and $40,000 respectively.

<h3>What is a Journal Entry?</h3>

A method of recording the monetary transactions of a business firm throughout a financial period, in such a way that effects of the same are reflected in the financial statements, is known as recording of journal entries.

Hence, the effect of the journal entry has been given above, and an image is also provided for better understanding of the concept for the readers.

Learn more about journal entry here:
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8 0

2 years ago