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Gwar [14]
3 years ago
15

Following are transactions for Valdez Services, a company owned by Brina Valdez.

Business
1 answer:
Alexus [3.1K]3 years ago
6 0

Answer:

Transaction b and c

Explanation:

Revenue is the term of accounting which is defined as the income or money which is generated from the operations of the normal business and it involve the deductions for the returned merchandise and discounts.

It is created when the business offer some service to the clients and in return the money for the services provided by the company.

So, the transaction which generate the revenue are:

The company offered the service to customer and against it received the cash which amounts to $875.

The company offered the services to the customer on credit worth $2,300.

Therefore, these two transactions are the one which generate the revenue to the company.

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In order to retain certain key executives, Smiley Corporation granted them incentive stock options on December 31, 2017. 150,000
Mice21 [21]

Answer:

Check the explanation

Explanation:

Kindly check the attached image below to see the step by step explanation to the question above.

3 0
3 years ago
Match each description with the corresponding group performance factor that best describes it.
Sladkaya [172]

Answer:

i b) Group cohesiveness

ii c) Group heterogeneity

iii a) Group norms

iv d) Social loafing

Explanation:

i b) Group cohesiveness (this terms refers to the strong link between members of a social group as a whole)

ii c) Group heterogeneity (Refers to inter functional collaboration, individuals from different fields will be working together)

iii a) Group norms (refers to the informal rules that a group adopts and regulate on its own)

iv d) Social loafing  (this terms refers to the idea that people are prone to exert less effort while working in a group, considering that others will take care of the work)

3 0
3 years ago
Hi-Tech, Inc., reports net income of $65.0 million. Included in that number are depreciation expense of $5.5 million and a loss
Greeley [361]

Answer:

Net Cash Flows from operating activities is $68.5 million.

Explanation:

The indirect Method would be used here because all we will find the cash expenses and revenues that were converted into within the year and are reported in the income statement by calculating the increase and decrease in the current assets and current liabilities. Here we will also eliminate the non cash expense effects by adding them back.

The net cash flows from operating activities can be calculated using the following method:

                                                                 Millions

1. Net Income                                                65

<u>Add Non Cash Deductions</u>

2. Depreciation                                             5.5

3. Loss on sale of Equipment                       1.5

<u>Add / (Less) the increase or </u>

<u>decrease in current Assets or </u>

<u>liabilities</u>

4. Increase in Trade Receivables                (2.5)

5. Increase in Trade Payables                      3.5

6. Increase in inventory                               <u> (4.5) </u>

Net Cash Flows from operating activities $68.5

4 0
4 years ago
Downtown Coffee Roasters is a premium cafe that is reputed for its superior customer service. The coffee shop also serves gourme
77julia77 [94]

Answer:

D.  C

Explanation:

As Downtown Coffee Roasters is a premium cafe which is reputed for its superior customer service. The coffee shop also serves gourmet food to its customers, which allows it to charge a premium price. Whereas, Budget Beans is a chain of coffee shops that charges the lowest price in the industry due to its self-service policy. However, Perky's Coffee Inc. has found a balance between these two strategic groups by using automated ordering to free up its employees to work as master baristas and bakers, thus focusing on creating excellent products. It charges a price slightly above that of Budget Beans. In this scenario, Perky's Coffee is following a  blue ocean strategy. In blue ocean strategy, organizations pursuit differentiation and low cost at the same time simultaneously which Perky's Coffee Inc. is doing here in this case. Perky's has created a totally new demand by following this strategy quite successfully and has made the competition totally and almost irrelevant.

8 0
3 years ago
Logistics Company had the following items listed in its trial balance at 12/31/2018: Balance in checking account, Bank of the Ea
Elena L [17]

Answer: $352,000

Explanation:

The information needed to calculate the cash and cash equivalent are:

Balance in checking account, Bank of the East = $ 382,000

The restricted cash included in the checking account = $49,000

Treasury bills = $19,000

We subtract the restricted cash from the balance in the checking account and then add it to the treasury bills. This will be:

= ($382,000 - $49,000) + $19,000

= $333,000 + $19,000

= $352,000

4 0
3 years ago
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