Answer and Explanation:
1. Interest Revenue $23,000
Sales Revenue $510,000
To Income Summary $533000
(Being closing of revenues accounts are closed)
2. Income Summary $453,000
To Sales returns $20,000
To Sales Discounts $7,000
To Cost Of goods sold $310,000
To Freight out $2,000
To Advertise Exp $15,000
To Interest Exp $19,000
To Salaries & Wages $55,000
To Utility $18,000
To Depreciation $7,000
(Being closing of expenses accounts are closed)
3. Income Summary $80,000
To Retained Earning $80,000
(Being profit is recorded)
4. Retained Earning $30,000
To Dividends $30,000
(Being closing of dividend is recorded)
Answer:
A good use of free cash flow is to Invest in nonoperating assets
Explanation:
Free cash flow (FCF) is a measure of how much cash a business generates after accounting for capital expenditures such as buildings or equipment. This cash can be used for expansion, dividends, reducing debt, or other purposes.
If the underlying objective is to maximize shareholder wealth by increasing the firm’s value. Any use of FCF that negatively affects the firm’s value is not considered a good use of the FCF.
A good use of FCF would be to invest in nonoperating assets such as marketable securities, investments in other companies, etc.)
Answer:
Before starting her import business, Elena should try to gather relevant information from companies that import goods, and if possible information about companies that import African goods.
Explanation:
Elena might be right about American consumers liking African products, but if importing those goods is too difficult, or is subject to several trade barriers, or some other issues, then Elena might have to reconsider her idea. Sometimes no matter how good a business idea is, if it is impractical to carry out, then t is useless.
Calling a face-to-face meeting with the employees is the best way that Hector can announce about change of the bonus structure.
Face-to-face meeting is a type of meeting where the participant of discussion are all present physically therein.
The major advantage of the Face-to-face meeting is that its allows effective communication and feedback from or among the participants
Therefore, the correct answer is Option B because it is the best way by which Hector can announce about change of bonus structure.
The missing options includes <em>"Héctor should send each employee a personal note, Héctor should call a face-to-face meeting with the employees, Héctor should send a companywide e-mail, Héctor should post an announcement in the break room, near the coffee machine."</em>
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<em>brainly.com/question/14617264</em>
