The retailers who dispose of the goods and services through the internet to their customers are called online retailing.
<h3>Who is the retailer?</h3>
The retailer is the person who sold its products to the final consumers without any involvement of any intermediary in between and this activity is called retailing.
When the retailers are engaged in selling the manufactured products through the online websites or any e-commerce platform, then that type of retailing is considered to be electronic retailing.
Therefore, online retailing is the one where goods or services are sold through the medium of the internet to the customers.
Learn more about the retailers in the related link:
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Answer:
Given list of cash activities is divided among operating activities, financing activities and investing activities in the explanation section.
Explanation:
- Paid for Advertising Operating Activity
- Paid for Office Equipment Investing Activity
- Issued Capital Stock Financing Activity
- Paid officers salaries Operating Activity
- Sold services Operating Activity
- Paid rent : Operating Activity
- Paid dividends: Financing Activity
- Issued a note payable: Financing Activity
- Paid rent: Operating Activity
- Sold excess office equipment: Investing Activity
Operating Activities include cash generated from operations, Interest Paid and Tax Paid.
Investing Activities include payment to acquire or proceeds from sale of property, plant and equipment, proceeds from government grants, interest and dividend received.
Financing Activities include proceeds from issue of shares, proceeds from long term borrowings, dividends paid etc.
The statement ‘When people
conduct business without regard for government controls on price or quantity is
called a black market’ is true. The transactions made in the black market is
illegal because it does not follow the set of rules by the government.
Answer and Explanation:
The balance sheet is shown below:-
The computation of note payable is below:-
Notes Payable = $1,198,000 - $649,600
= $548,400
Total notes payable by the company are$1,198,000, of which $649,600 is common stock issue and $548,400 is cash liquidate.
Windsor Company
Partial Balance sheet
December 31, 2020
Particulars Amount
Current Liabilities:
Notes Payable $548,400
Long term Debt:
Notes Payable $649,600
