Answer:
D. Cash flow statement
Explanation:
A cash flow statement refers to a financial statement which is used to record and summarize the amount of liquid assets (cash and cash equivalents) entering and leaving a business entity.
Cash flow can be defined as the net amount of cash and cash-equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;
1. Operating cash flow: all cash generated from the business activities of an organization.
2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.
3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.
Hence, if you want to make sure a company has enough money available to pay its bills, the financial statement which would be most helpful is the cash flow statement because it is used to measure and analyze how well the company is doing financially in terms of generating revenue to pay its bills and debts.
Answer:
b. Project management
Explanation:
Wikis can be used to provide highly interactive environment which is necessary for the project management, as it helps to collaborate, facilitate feedback, and store the information for future use.
Answer:
The amount of gain or loss should be recorded on this exchange: b. $8,000 gain
Explanation:
Book value of the old sailboat = old sailboat's cost - accumulated depreciation = $110,000-$22,000 = $88,000
Trade-in allowance of the old sailboat - Book value of the old sailboat = $96,000 - $88,000 = $8,000 >0
Hunter Sailing Company only paid $28,000 in addition to the old sailboat to acquire the new sailboat.
Therefore, the company should record gain on this exchange of $8,000
Answer:
$3,568.89
Explanation:
By definition, the 2 10, Net 30 is a cash discount term where customers have 30 days to pay for a purchase but can receive a two percent discount if the entire purchase paid in full within ten days.
Hence, if the list price of goods from mens wear to adya maha inc is 3,568.89 the terms are 2/10 n/30 the date of the invoice is may 1
if the invoice is paid on may 12 then the price is the full amount of $3,568.89
Notice that if they had settled by May 10 it would have been $3,568.89 x 98% = $3,497.5
Answer:
Oral contracts for the sale of land can be enforceable if the buyer paid part of the cost of the land, has taken possession and made permanent improvement to the land.
Explanation: A contract is an agreement either written or spoken that is intended to be enforceable by law.
Oral Contracts represents spoken agreements. In the case of the possession of a land, it is considered fraudulent. However, it can be enforceable by law if the buyer paid a part of the price, has taken possession and permanently done some improvements on the land.
