Answer:
Balance Sheet as at year end
ASSETS
Cash (5000 + 600 - 800 - 2000) $2,800
Trade Receivable ( -600) ($600)
TOTAL ASSETS $2,200
EQUITY AND LIABILITIES
EQUITY
Retained Earnings (5000 -800 - 2000) $2,200
TOTAL EQUITY $2,200
LIABILITIES
Liabilities $0
TOTAL LIABILITIES $0
TOTAL EQUITY AND LIABILITIES $2,200
Explanation:
The Balance sheet contains balances of Assets, Liabilities and Equity as at the Reporting date.
So given the above transactions above, we have to identify which accounts (Assets, Liabilities or Equity) are affected by each transaction, than record under the relevant heading as shown in the solution.
Answer:
Cash flow from financing activities
Explanation:
There are 3 ways of reporting financial data of an organisation. The balance sheet, cash flow statement, and income statement.
Cash flow statement shows the sources of cash coming into and going out of an organisation.
The major sources are operations, financing, and investing activities.
Financing activities are those in which a company a company raises capital by selling shares, and pays back it's investors.
In the given scenario where Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. They are raising cash so this is a financing activity.
<span>Lucinda could buy either 2 kewpie dolls and 1 beanie baby, or 1 beanie baby and 2 kewpie dolls at $6 a piece if she has $18. Rationally, Lucinda would want at least one of each toy. Whether she went with the first or second option the amount she would spend would be as follows: $6Ă—3 toys=$18.</span>
Hi, you've asked an incomplete question. The attached image shows the full text.
<u>Explanation:</u>
Historical context: his use of old English expressions indicates dates back to the period around the 1600s.
Intended audience: John Rolfe's audience appears to be the governor of Virginia and his associates.
Author's Purpose: He seems to use his religious beliefs to get support and understanding of his decision to marry Pocahontas.
Author's Point of view: His expresssion "not without a seared conscience" indicates his own concerns about the decision he took.
Answer:
Individualistic
Explanation:
Individualistic mindset focuses on the individual and gives them more emphasis than the group.
The opposite of individualism is collectivism or group mentality which emphasise the group over the individual.
To discuss the merger between the two companies, ABC company only sent one person while XYZ company sent 5 people from different departments.
ABC is most likely have a individualistic mindset and they feel one person can handle the negotiation.
On the other hand XYZ sent representatives from each department. This shows the organisation has to agree to the deal so all departments are involved.
