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3 years ago

11

Money includes only the few types of wealth that are regularly accepted by sellers in exchange for goods and services. true or f

alse

2 answers:

Rom4ik [11]3 years ago

7 0

Answer: True

Explanation: think about reality what do people do for money

Yuri [45]3 years ago

6 0

Answer:

True

Explanation:

other than mone and other services most people will not accept anything else

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A. Cash receipts from customers for services rendered __________ Operating __________Inflow

vaieri [72.5K]

Answer:

a. Cash receipts from customers for services rendered

Indication: <u>Operating activities </u>and <u>Cash Inflow</u>

b. Sale of long-term investments for cash

Indication: <u>Investing actiivity</u> and <u>Cash Inflow </u>

c. Acquisition of property, plant and equipment for cash

Indication: <u>Investing activity</u> and <u>Cash Outflow</u>

d. Payment of income taxes

Indication: <u>Operating activity</u> and <u>Cash Outflow</u>

e. Bonds payable issues for cash

Indication: <u>Financing Activity</u> and <u>Cash Outflow</u>

f. Payment of cash dividends declared in previous year

Indication: <u>Financing activity</u> and <u>Cash Outflow</u>

g. Purchase of short-term investments (not cash equivalents) for cash

Indication: <u>Investing activity</u> and <u>Cash Outflow</u>

h. Purchases of inventory for cash

Indication: <u>Operating activity</u> and <u>Cash Outflow</u>

<u />

<u>Definition of terms</u>

<u>Operating Activity:</u> This activity will show how much the cash flow from the business in operating . This included net profit and changes in assets and liabilities and amortization expenses .

<u>Investing Activities</u>: This part is shows the where the money is invested or investment is sold.

<u>Financing Activities</u>: This activities will show the cash flow from financing activities between the reporting period example. Raising or payment of the fund through the common stock , preference and bonds etc.

5 0

4 years ago

Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its rece

otez555 [7]

Answer:

Allowance for Doubtful Account

Accounts written off $56 Beginning balance $375

[$375+$14-$333]

Bad debt expense $14

Ending balance $333

Accounts Receivable (Gross)

Beginning balance $13,389 Accounts written off $56

[$13014+$375]

Net sales revenue $69,943 Cash collected $67,956

[$13389+$69943-$56-$15320]

Ending balance $15,320

[$14987+$333]

3 0

3 years ago

At the beginning of the year, Crane Company estimates annual overhead costs to be $2400000 and that 400000 machine hours will be

andriy [413]

Answer:

the amount of overhead applied during the year is $2,250,000

Explanation:

The computation of the overhead applied is shown below;

= Estimated annual overhead ÷ machine hours × actual machine hours

= $2,400,000 ÷ 400,000 machine hours × 375,000 hours

= $2,250,000

hence, the amount of overhead applied during the year is $2,250,000

7 0

3 years ago

Joel and Rachel are both retired. Married for 50 years, they’ve amassed an estate worth $2.4 million. The couple has no trusts o

Mariulka [41]

If Joe or Rachel dies in 2006-2008, there will be no federal estate tax liability since there is an unlimited marital deduction for the surviving spouse. Only when both die there will be an estate tax liability over the $2 million exemption amount.

8 0

3 years ago

Upon acquiring a new computer operating system, management at Berryhill worried that computer virus might cripple the company's

IgorLugansk [536]

Answer:

Reduce

Explanation:

The answer is that Berryhill chose to reduce the risk of being crippled by computer virus. A risk refers to the potential of having a situation that can cause a negative effect or the loss of something important. In this case, Berryhill reduced the risk because the company was worried that a computer virus would affect the operation and they decided to minimize this danger by installing an anti-virus and building a firewall.

8 0

3 years ago