Answer:
a. True
Explanation:
A revolving credit agreement is a line of credit, that is, a default limit that a firm can use to borrow money as much as possible until this limit is reached. The firm will have to pay the bank for a commitment to lend or extend such funds. The bank will also put some factors about the firm's ability to pay into consideration before revolving credit can be used.
Answer:
The firm's cash flow to creditors during 2016 was -$131,000.
Explanation:
Cash flow to creditors
= Interest expense - (Ending LT Debt - Beginning LT Debt)
= $99,000 - ($1,680,000 - $1,450,000)
= -$131,000
Therefore, The firm's cash flow to creditors during 2016 was -$131,000.
The correct answer is "ending inventory of one period is the beginning inventory of the next period."
An inventory error not only affects the current year's cost of goods sold, gross profit, net income, current assets, and equity, but also the next period's statements because ending inventory of one period is the beginning inventory of the next period.
That is why the manager has to be strict regarding the inventory of a company. Inventory has a cost that can be translated into money. So accountants have to be perfect regarding the inventory. So yes, ann error in keeping the inventory affects the company in that the ending inventory of one period is the beginning inventory of the next period. An internal audit can reveal the mistakes in accurately keeping the inventory. So it is better to put extra attention in the process so nothing wrong would be revealed after the audit.
Answer:
Workforce diversity challenges, technological challenges, and economic challenges
Explanation:
The challenges (trends) Consolidation Tech Plus (CTP), Inc. Should be aware of in the environment of human resource management that require HR to play a more central role in this growing organization are :
Workforce diversity challenges includes Acceptance and Respect, Accommodation of Beliefs ,Ethnic and Cultural Differences,
Gender Equality among others
Technological challenges includes Information security, Risk management and governance,
Regulatory compliance, Technology integration and upgradation, Resource management among others
Economic challenges includes Conflict and Poverty, Competing in a New Era of Globalization,Global Imbalances,Rise of New Powers among others
