Ride sharing is transformational innovation, according to the innovation matrix.
Uber and Lyft use transformational innovation
- Transformational innovation includes making discoveries and creating products for the market.
- Companies like Uber use credit and debit cards for reservations, a novel tactic.
- Such ideas were virtually unknown to markets in many nations.
- In some markets, it gave businesses like Uber a competitive edge.
To learn more about transformational innovation, refer to-
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Answer: $21,000
Explanation:
Financing activities refer to those that a company engages in, in relation to capital needed to run the affairs of the business which means it included Equity and Debt.
Financing Activities: Interest paid, dividends paid, money borrowed from bank, stock repurchase
Net cash flows from financing = Money borrowed from bank - Interest paid - dividends paid - Stock repurchase
= 50,000 - 6,000 - 8,000 - 15,000
= $21,000
Answer:
$14,520 in check-able deposit liabilities and $117,480 in total reserves.
Explanation:
The bank has $132,000 in excess reserves and excess reserves ratio is 11%. The bank will have total reserves of $132,000 * 89% = $117,480. The total liabilities will be equivalent to the excess reserves which is $14,520 [$132,000 - $117,480].
Answer:
$8,020
Explanation:
estimated uncollectible receivables = $7,100
accounts receivables = $121,000
unadjusted debit balance of allowance for uncollectible accounts = $920
credit sales during the year = $192,000
bad debt expense = unadjusted debit balance + estimated uncollectible receivables = $7,100 + $920 = $8,020
the adjusting journal entry:
Dr Bad debt expense 8,020
Cr Allowance for uncollectible accounts 8,020
The allowance for uncollectible accounts account is a contra asset account that has a normal credit balance.
