Answer:
Z-Mart purchased $3,000 worth of merchandise on credit. Transportation costs were an additional $100, paid cash to the cartage company on delivery. Z-Mart returned $300 worth of merchandise and paid the invoice on time, and took a 2% purchase discount. The amount of this payment was <u>$2744</u>
Explanation:
Purchases excluding freight $3,000
Less:Goods returned -$300
Add:freight charges $100
Net Purchases $2,800
Less:Discount on payment($2,800*2%) -$56
Net cash paid $2,844
Answer:A
Explanation:
Cash register : This is a type of occupational fraud in which an employee processes a fraudulent reversing transaction on a cash register to justify the removal of cash from that cash register.
I would say thats a business operations need!
Hope this help! :)
Answer:
b.$54,543 from investing activities
Explanation:
The disposal of an asset has two effects on the cash flow statement. The first is that the gain/loss from the disposal is recognized in the operating activities segment of the cash flow statement while the cash received from the disposal is recognized as an inflow in the investing activities section of the statement.
As such, where a building with a book value of $37,771 is sold for $54,543 cash, the amount received $54,543 is an inflow in investing activities.
Option b.$54,543 from investing activities
