Answer:
-$3,770
Explanation:
The computation of the net income or net loss using the cash method for May month is shown below:
= Received cash for meals served to customers - prepaid rent paid - electricity paid for cash - paid cash for kitchen equipment
= $1,650 - $2,400 - $220 - $2,800
= -$3,770
As the journal entry for prepaid rent is
Prepaid rent A/c Dr $2,400
To Cash A/c $2,400
(Being the cash is paid in advance)
Answer:
deposit money
Explanation:
this is because it can not be online but checks are a way of transferring currency and so can not be currency so A deposit money is cancelled out answer
Answer:
II, III, IV are correct
Explanation:
According to my knowledge and understanding cash flow projection for a new product should include:
II. Capital expenditures for equipment to produce the new product,
III. Increase in working capital needed to finance sales of the new product,
IV. Interest expense on the loan used to finance the new product launch.
whereas Money already spent for research and development of the new product is irrelevant as it was incurred already and not incremental.
If Kelly's company is selecting a manager to expand operations in china. kelly's boss says the new manager must display high cultural intelligence. what would most likely help kelly get the job is: displaying appreciation for diversity.
<h3>What is cultural intelligence?</h3>
Cultural intelligence can be defined as the ability of a person to know about different culture and to as well adapt and relate with people that are of culture that is different from his.
Based on the scenario kelly can get the job if he display the appreciation for cultural diversity which will inturn enables the recruiter known that kelly has knowledge about other cultures.
Therefore what would most likely help kelly get the job is: displaying appreciation for diversity.
Learn more about Cultural intelligence here:
brainly.com/question/4289199
brainly.com/question/14726265
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Answer:
The statement is: False.
Explanation:
A creditor lends money to another person or entity or provides goods or services with the expectation of being paid back in the future. The creditor credits money as a loan. If the creditor is a bank or other type of financial institution, the loan will be documented with a formal agreement specifying the creditor and debtor's rights and duties.