Answer:
Accounts Adjusted T-Balance Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit
Cash $8,800 $8,800
Inventory $77,750 $77,750
Sales Revenue $446,000 $446,000
Sales Returns $9,210 $9,210
and Allowances
Sales Discounts $4,730 $4,730
Cost of Goods $243,700 $243,700
Sold
The answer is <span> business buying
This group of people usually made their decision based on a certain matrics that they use in order to evaluate companies performance and determined what's necessary for the company to buy within their budget based on that evaluation.
This comittee is considered succesful if they managed to keep the company from spending more than their budget while still accomplishing the goals.
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Answer:
a double coincidence of wants
Money provides a measuring stick with which to express relative values of goods and services, simplifying comparisons.
Money eliminates the need to find trading partners who happen to possess what you want and want what you possess.
Money enables you to specialize in tasks you're good at, knowing you can earn the money needed to buy the products of other individuals, skilled in different tasks
Explanation:
Functions of money
1. Medium of exchange : money can be used to exchange for goods and services. For example, money serves as a medium of exchange when you pay $20 for your favourite jeans.
Without money, you would have to find someone that has jeans and wants to sell it and also wants what you have. This is known as double coincidence of wants
2. Unit of account : money can be used to value goods and services, For example, $20 is the value of your favourite jeans
3. Store of value : money can retain its value over the long term, this it can be used as a store of value
Answer:
Explanation:
Net Income 490776
Add back depreciation 37752
Add back amortization 4719
Deduct gain on asset disposal (6292)
Increase in receivable (26500)
Decrease in payable (13075)
Increase in inventory (26775)
Increase in salary payable ( 2100)
Cash flow 458,505
The non cash expenses which are depreciation and the amortization cost are added back and non cash income like gain on the disposal of asset deducted to arrive at the net cash flow.
A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the better off the person is financially. A debt ratio is your income to debt computed amount. These amounts will let you and lenders know how financially stable you typically are. If you have a large income and large debt but are paying on it, that will help compared with not paying down your debt.