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wariber [46]
2 years ago
15

You can actually give yourself a raise by increasing the flow of money into your own account and decreasing the money flowing ou

t.true or false?
Business
1 answer:
Nookie1986 [14]2 years ago
4 0

Answer:

True

Explanation:

If more money is coming into your account as compared to going out then you are in "positive cash flow". This means that you are in a situation where you can easily pay your bills and also save some money which is good.

If less money is coming into your account as compared to going out then you are in "negative cash flow". This means that you are in a situation where it is very diificult for you to cover your bills and you need more money to survive.

To conclude, the statement is true that you can give yourself a raise by increasing the flow of money into your account and decreasing the out flow.

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What considerations should govern your decision making as a consumer?
Lena [83]
The price of an item, the amount you pay per 100 grammes and comparison of quality and/or price from different brands/stores. 
5 0
3 years ago
Tito Company reports a $20,000 increase in inventory and a $5,000 decrease in accounts payable during the year. Cost of Goods So
Neporo4naja [7]

Answer: Cash payments made to suppliers were $307,000

Explanation:

In order to find cash paid to suppliers we start from the cost of goods sold, add any increase in inventory to it, subtract any decrease in inventory, add any decrease in accounts payable, subtract any increase in accounts payable.

So 282,000+20,000+5,000= 307,000

7 0
3 years ago
Jacob and Mason go to a diner that sells burritos for $5 and tacos for $3. They agree to split the lunch bill evenly. Mason choo
Rainbow [258]

Answer:

$1

Explanation:

The marginal cost refers to the cost of producing one additional unit or serving one more customer.

In this case, we have to determine the additional cost of Jacob ordering a burrito instead of a taco. As Mason chose the tacos and they agreed to split the lunch bill evenly, if Jacob decides to eat the tacos, the cost for each of them is:

$3+$3=$6/2= $3

If Jacob decides to eat the burrito:

$3+$5= $8/2= $4

So, the marginal cost to Jacob ordering a burrito is:

$4-$3= $1

7 0
3 years ago
Recognizing something as a revenue instead of as a liability has a positive effect on the reported financial statements because:
Pani-rosa [81]

Revenue and liability has influence on reported financial statements because;

  • it understates liabilities
  • it overstates revenues

<h3>What is revenue and liability?</h3>

Revenue serves as the money that is been generated by the company as a profit while a liability serves as future sacrifices of economic benefits.

However, recognizing something as revenue instead of liability is dangerous because it can results in overstated net income.

Learn more about revenue at;

brainly.com/question/25855858

4 0
2 years ago
On October 29, Lobo Co. began operations by purchasing razors for resale. The razors have a 90-day warranty. When a razor is ret
saul85 [17]

Answer: Please refer to Explanation

Explanation:

It is stated that the company expects warranty costs to equal 8% of dollar sales and that the cost of 1 razor is $15 to make.

Nov 11

DR Cash $4,900

CR Sales $4,900

(To record Sale of Razors)

Nov 11

DR Cost of goods sold (70*15) $1,050

CR Merchandise inventory $1,050

(To record Cost of Goods Sold)

Nov 30

DR Warranty expense (4,900 * 8%) $392

CR Estimated warranty liability $392

(To record Warranty Expense)

Dec 9

DR Estimated warranty liability (14 *$15) $210

CR Merchandise inventory $210

(To Record Warranty Liability)

Dec 16

DR Cash $14,700

CR Sales $14,700

(To record sale of Razors)

Dec 16

DR Cost of goods sold (210 * 15) $3,150

CR Merchandise inventory $3,150

( To record Cost of Goods sold)

Dec 29

DR Estimated warranty liability (28*15) $420

Merchandise inventory $420

( To record Warranty Liability)

Dec 31

DR Warranty expense (14,700*8%) $1,176

CR Estimated warranty liability $1,176

(To record Warranty Expense)

Year 2

Jan 5

DR Cash $9,800

CR Sales $9,800

(To record sale of Razors)

Jan 5

DR Cost of goods sold (140 *15) $2,100

CR Merchandise inventory $2,100

(To record Cost of Goods sold)

Jan 17

DR Estimated warranty liability (33*15) $495

CR Merchandise inventory $495

(To record Warranty Liability)

Jan 31

DR Warranty expense (9,800 * 8%) $784

CR Estimated warranty liability $784

(To record Warranty Expense)

3 0
3 years ago
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