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Allushta [10]
3 years ago
12

When making financial decisions, it is important that you critically evaluate the source.

Business
2 answers:
svetoff [14.1K]3 years ago
7 0
Hello,

Here is your answer:

The proper answer is option A "true". It is extremely important to find the source of the information because the source could not be verified (which means its giving false information).

Your answer is A.

If you need anymore help feel free to ask me!

Hope this helps!
algol133 years ago
3 0

Answer:

True

Explanation:

If you are planning on making financial decisions based on information you obtain from different media (e.g. online publications, financial magazines, TV analysts, etc.) you must first verify how reliable that information is.

Remember that anyone can post an article on the internet, but you are responsible for checking his/her personal background and previous experience. Has he/she done it in the past and how good or bad were the results.

You must also consider how relevant the information is, and remember that many the same as news media is always biased, financial information is always biased also.

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What happens if you only make the minimum payment on your credit card statement? |
natali 33 [55]

Answer:

then your credit does not go into default

Explanation:

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6 0
3 years ago
Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $137,
Talja [164]

Answer:

a)

Dr Bad debts expense 1,787

Cr Allowance for doubtful accounts 1,787

b)

Dr Bad debts expense 4,813

Cr Allowance for doubtful accounts 4,813

Explanation:

Mazie Supply Co. Journal entry

a)

Dr Bad debts expense 1,787

($4813-$2,338+$688)

($4,813-$3,036)

Cr Allowance for doubtful accounts 1,787

b)

Dr Bad debts expense 4,813

(3%×$137,500+$688)

($4125+$688)

Cr Allowance for doubtful accounts 4,813

6 0
4 years ago
Hello can someone help me with this because i'm confused about it
Ede4ka [16]

Answer: whats the question?

Explanation:

4 0
3 years ago
Read 2 more answers
I The indirect and direct methods of preparing the statement of cash flows are identical except for
NemiM [27]

The cash flow statement (CFS) measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses. The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1

In this article, we'll show you how the CFS is structured, and how you can use it when analyzing a company.

KEY TAKEAWAYS

A cash flow statement is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.

The cash flow statement measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses.

The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1

The main components of the cash flow statement are cash from operating activities, cash from investing activities, and cash from financing activities.

The two methods of calculating cash flow are the direct method and the indirect method.

4 0
3 years ago
Assuming Dell sales will grow 50% in 1997, how might the company fund this growth internally?
stealth61 [152]

Dell can fund this growth internally by:

  • The $469 million increase in current liabilities serves as a source of funds.
  • The estimated increase in net profits to $395 million is approximately $123 million.
  • The short-term investment is assumed to be the same as in 1996, namely $591 million.

<h3>What is funding?</h3>
  • Business financing is a funding option that allows business owners to obtain business loans to cover expenses such as temporary cash flow interruptions, expansion projects, stock and equipment, and seasonal spikes in activity.
  • Retained earnings, debt capital, and equity funding are the three major sources of corporate financing.

So, according to the given chart:

  • As a result, an additional operating asset of $794 million is required to sustain growth.
  • The $469 million increase in current liabilities serves as a source of funds.
  • The estimated increase in net profits to $395 million is approximately $123 million.
  • The short-term investment is assumed to be the same as in 1996, namely $591 million.
  • As a result, we can confidently predict that growth will be funded internally.

Therefore, Dell can fund this growth internally by:

  • The $469 million increase in current liabilities serves as a source of funds.
  • The estimated increase in net profits to $395 million is approximately $123 million.
  • The short-term investment is assumed to be the same as in 1996, namely $591 million.

Know more about funding here:

brainly.com/question/25887038

#SPJ4

8 0
2 years ago
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