Given the scenario described herein, one good solution for the business to invest in a new product when it is short on cash is <u>B. Liquidate some inventory to increase cash flow.</u>
<h3>What is Cash?</h3>
In accounting, cash includes bills, coins, bank balances, money orders, and checks. Cash is the first item in most balance sheets, especially if the company is reporting liquidity. Cash happens to be the most liquid of all assets. Cash also includes cash equivalents, which are assets readily converted into cash.
Thus, the company does not need to raise prices, fire employees, or cut wages to raise cash. It can liquidate some inventory at lower prices if necessary.
Learn more about meeting cash requirements at brainly.com/question/735261
Answer: 15.68%
Explanation:
Mr. Warner's cost of not taking the cash discount will be calculated as:
= (3%/100% - 3%) × (360/85 - 14)
= (3%/97%) × (360/71)
= 0.0309278 × 5.0704225
= 0.156817
= 15.68%
Mr. Warner's cost of not taking the cash discount is 15.68%
Answer:
The adjusting entry at the end of January:
Debit Unearned revenue: $480
Credit Revenue: $480
Explanation:
When recceived $600 on January 15 from customer, the company must record:
Debit Cash: $600
Credit Unearned revenue: $600
because all lessons are not provided by the company, the company can't recording revenue.
On January 31, the company provided 8 lessons, so the company must recording revenue for these lesson (8x$60=$480) by adjusting entry.
The correct answer is: " management" .
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" <u> Management </u> is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources. "
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An effective "mnemonic" for these 4 (four) components of management is:
"PLOC" ; or more appropriate, in the order in which they occur: "POLC" .
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Note that "organizational resources" include "data" (e.g. data management) ; as well as management of employees among various departments; hierarchies of management among departments; supply chain marketing and management, and labor-management relations and human resources management.
Effective management skills include: conceptual skills, technical skills, and human skills.
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Answer:
Overhead absorption rate
= Overhead absorbed/Actual labour cost x 100
= $4,400/$800 x 100
= 550% of direct labour cost
Explanation:
Since the overhead absorbed is $4,400, there is need to divide the overhead absorbed by actual direct labour cost multiplied by 100. This gives the overhead application rate.
