Answer:
True
Explanation:
Return from operating activities are returns made from the regular and recurring operations of a business. Since they are from the normal operations of a company, they are less risky than returns made from the non-operating activities of a company which do not re-occur.
As such, a firm that earns more of its return from operating activities which are recurring is usually considered less risky than a firm than earns more of its return from non-operating activities which are usually one-off.
Answer:
B) Debit Sales Revenue for $7,968, debit Sales Discounts for $332, and credit Accounts Receivable for $8,300.
Explanation:
The journal entry is shown below:
Cash A/c Dr $7,968
Sales Discount A/c Dr $332
To Accounts receivable $8,300
(Being cash received recorded)
The computation of the account receivable
= Credit sales - returned goods
= $9,000 - $700
= $8,300
And, the discount would be
= Accounts receivable × percentage given
= $8,300 × 4%
= $332
The remaining amount would be credited to the cash account.
Answer:
a) functional planning
Explanation:
Functional planning is a type of planning made to achieve consistent working of the company taking into account the function and of each and every department.
It is achieved by setting goals, continuously assessing the functions of every department, measuring the achieved goals (success) and projecting the future achievement of the company (foresight).
Answer:
The amount of its liabilities is 280000
Explanation:
In a business balance we can see the following accounting equation
liabilities + owners' equity= assets
liabilities = assets -owners' equity
liabilities = $700,000-$420,000
liabilities = $280,000
The answer is functional.
Functional groups in working context, means a group of people that are categorized by their work function – or more specifically the specialized work field that they are responsible for.
This is apparent in the example, with classifications such as accounting department and customer service department. Other examples would be marketing department and research & development department.
