Answer:
C. Agents
Explanation:
They are sales representatives for manufacturers or wholesalers and usually are hired on a commission basis.
Answer:
$42,950
Explanation:
Data and Calculations
Revenue $129,300
Less variable costs ($72,400)
Less fixed costs ($18,900)
add depreciation $4,950
Operating Cash flow $42,950
Thus
The annual operating cash flow $42,950.
Answer:
c. $59,000
Explanation:
The cash flow statements shows the effect of the company's activities on cash. These activities are classed into operating, investing and financing activities.
When an asset is sold, the amount received from the sale is an inflow of cash to the company. This inflow is recognized in the investing segment of the cas flow statement.
Hence, the amount that should be reported as a source of cash under cash flows from investing activities is $59,000.
Answer:
The correct answer is letter "D": Justifies ignoring the matching principle or the realization principle in certain circumstances.
Explanation:
According to the General Accepted Accounting Principles (GAAP), the materiality principle states that some accounting transactions could be ignored as long as they do not affect the Financial Statements. The issue relies on the accountant deciding which transactions to ignore since there is not a set guide established by the GAAP stating what could or could not be ignored.
Thus, <em>the matching or realization principle could be ignored as long as the transactions involved do not affect the Financial Statements.</em>
Answer:
c. It does not need to be extendable to many market opportunities
Explanation:
- The core competency is a be explained as horizontal a combination of the multiple resources and skills that separates them from the market place and thus forms the companies competitiveness. Hence it based on the unique factors of the firms and hard to copy and as few substitutes exist for it. It provides a potential access to a wide variety of markets.