Answer:
A : It would increase the asset Supplies by $3,200 and increase the liability Accounts Payable by $3,200.
Explanation:
The supplies are an assets, it will be used to operate the business and generate cashflow. As we are purchasing them, it will increase
These supplies are purchases on account, which means are not paid, so the comapny take a debt to acquire this assets.
So, liability will icnrease by the same amount of assets.
Sales tickets
Sales tickets Telephone bill
Sales tickets Telephone bill Invoice from supplier Bank statement
<h3>What is a source document ?</h3>
The source document is the original record of a business transaction. The parties involved in a transaction, any payments made, the date, and the specifics of the transaction are all recorded in a source document.
- Typical examples of source documents are sales receipts, checks, purchase orders, invoices, bank statements, and payroll records. These are all original documents that were created as a result of a transaction and the initial components of an accounting system.
Learn more about Source document here:
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Answer:
$17.1 million
Explanation:
The proper cash flow amount to use as the initial investment in fixed assets when evaluating this project can be calculated as follows
DATA
Fair value of land = 4.6 million
Cost to build a plant = 11.8 million
Grading cost = 0.7 million
Solution
Initial investment = Fair value of land + Cost to build a plant + Grading cost
Initial investment = $4.6 million + $11.8 million + $0.7 million
Initial investment = $17.1 million
Potential competition exists
