Answer:
a) Permanent source of finance
b) Spontaneous source of finance
c) Permanent source of finance
Explanation:
With transaction b), The credit is for day to day operations making it a spontaneous funding but credit usually do not take more than 90 days to pay therefore temporal can also fit in nonetheless Spontaneous is more appropriate as the credit is a spontaneous source of funding.
Answer:
FIFO.
Explanation:
Note: This question is not complete. The complete question is therefore given before answering the question as follows:
The inventory method that will always produce the same amount for cost of goods sold in a periodic inventory system as in a perpetual inventory system would be:
FIFO.
LIFO.
Weighted average.
None of these answer choices is correct.
The explanation to the answer is now given as follows:
First-in, first-out (FIFO) is an inventory method under which the oldest inventory items are recorded in the account as being issued or sold first.
A periodic inventory system refers to an inventory valuation method under which there is an update to the inventory account at the end of an accounting period instead of after every sale and purchase of inventory items.
A perpetual inventory system to an inventory valuation method under which there is an update to the inventory account after every sale and purchase of inventory items. This is done by using computer softwares such as computerized point-of-sale systems and enterprise asset management software.
When FIFO inventory method is being used, both the periodic inventory system and perpetual inventory system will always produce the same amount for cost of goods sold.
Based this explanation, the correct option for this question is FIFO.
Answer:
$44,300
Explanation:
The account payable had a beginning balance of $11,400
The company purchased $52,000 worth of supplies
The ending balance is $19,100
Therefore the amount in which the company paid to the creditors can be calculated as follows
= $11,400+$52,000-$19,100
= $6,400-$19,100
= $44,300
Answer: Find the explanation below.
Explanation:
I would use an Unstructured Interview to hire my new employees. This is a less rigid form of interview that allows the interviewer to gain a deeper knowledge of a prospective employer.
My rationale and the expected effect on my business:
Unlike the structured interview, it deals with open-ended questions that are highly flexible. I would have the opportunity to truly understand my potential employees and see if they have the qualities I seek for my business growth. For my business, I need smart, honest, articulate individuals who can easily adapt and show understanding of situations. I would present different work scenarios and ask about their reactions to them. This would help me understand their personalities.
My concern about this interview approach is that it may take a lot of time to probe my candidates so as to determine their honest opinions on my questions.
Start a business that provides food, water, shelter, or safety. These are the <u>basic needs</u> at the bottom of Maslow's hierarchy that must be met before other needs can be addressed.
