Answer:
Part (a) The net income of carter is $115 million.
Part (b) The closing cash balance at the end of year is $360.
Explanation:
Part (a) Net Income Computation:
Sales $825
Cost of goods sold <u>(</u><u>$290</u><u>)</u>
Gross Profit $535
Other Expenses <u>(</u><u>$425</u><u>)</u>
Net income $115 Million
Part (b) The cash balance of Carter is not dependent on non cash flows. So the cash transactions would be considered here for cash balance computation.
Opening Cash position $290
Collection from Sales $710
Inventory Invoices paid ($350)
For Everything <u>($290)</u>
Closing Cash balance $360
Answer:
False
Explanation:
The first step of the functions of management is planning. The managers need to first of all learn about the task thoroughly so they know what they are dealing with and what precisely needs to be done in this regard.
This first step is followed by three more steps which include organizing, leading, and controlling.
Therefore, the above statement is false. The first step is known as planning.
I hope the answer is helpful.
Answer:
may be estopped from denying that Glynis had authority.
Explanation:
In this case, Glynis apparently had the authority to collect Esteban's money, since his conduct made other people believe that.
Apparent authority is defined as a situation where a reasonable person (Floyd) will believe that the agent (Glynis) has authority to act on behalf of the principal (Esteban). If such a situation exists, then the principal is bound by the agent's actions.
Answer:-A decrease in the probability of an economic boom
Explanation:When the probability of an economic boom is decreased it will cause investors to loss interest investing in an economy because the rate of return will be expected by the investing public to be low.
The higher the probability of an economic boom occuring the higher the rate of return expected on the stocks, this is a normal economic situation where investors follow the trends available to take economic decisions.
Answer:
Disclose unaffiliated customers sales and also the intra-company sales between geographical areas.
Explanation:
Public companies are required to disclose the amount of sales to unaffiliated customers by geographical region. At the same time, they must also disclose the intra-company sales between geographical areas. It is to be noted that the above said requirements are to be reported separately.