Answer:
B. the cash that a firm generates from its normal business activities using its existing assets
Explanation:
It represent the cash from the main activity. It is a good indicator wether the company needs external financing or it can sustain his grow with own funds.
It is stated in the cash flow statement. along with investing and financing activities.
Dates back to the Roman Republic.
Answer: a. Accounts Receivable
Explanation:
The Direct Write-off method is usually used by businesses where Uncollectible Receivables are not common. This way when it does occur, they simply debit the Bad Debts accounts and credit the Accounts Receivables to show the event.
This method of Accounting violates the Matching Principle under the Accrual basis because it usually does not recognize bad debts in the same period that the inventory was sold. It only records bad debts when they are declared which could be periods afterwards.
A. Pure competition
Pure competition describes a market with a wide range of competing businesses all selling the same product, in this case milk.
Monopolies are a single company running the market, and oligopoly markets have a small number of players who together control the vast majority.
