Answer:
True....its very very true..
Answer:
C. $6,700.
Explanation:
First we calculate the net cash flow in August
Estimated cash receipt = $120,800
Estimated cash disbursement = $134,500
Net cash flow= $120,800 inflow - $134,500 outflow = $13,700 outflow
Now calculate the closing cash balance = Opening Cash balance + net cash flow during the period = $17,000 - $13,700 = $3,300
Limit for minimum cash balance = $10,000
Cash need to be borrowed = $10,000 - $3,300 = $6,700
Company need to borrow $6,700 to maintain the cash balance of $10,000
She knows that her service is PERISHABLE, meaning if no one stays in the room, it generates no revenue that evening.
Perishable services refers to those services whose capacity can not be stored for sale in the future. One characteristic that is common to perishable services is that the system of the services are usually assigned for delivery during a specific period of time.
Answer:
No net affect: There is both an increase in Assets and a decrease in Assets
Explanation:
The journal entry is as follows
Inventory Dr $2,000
To Cash $2,000
(Being the inventory is purchased for cash is recorded)
This journal entry states that the inventory is purchased for cash. The inventory is purchased that increases the asset and on the other side the cash is paid for the purchase of increased which decrease the asset
So, there is no impact on the asset side or accounting equation
Answer:
Letter c is correct. <u><em>Recession.</em></u>
Explanation:
A recession corresponds to a contraction in the economy over a period of time, there is a drop in production and consumption, rising unemployment, falling profitability, falling family income and others. It can be measured by levels of productivity, employment, consumption and other variables.
However, when there is a recession in a country, it is normal for spending to be cut, including a reduction in the marketing budget, because the period is not favorable for consumption, so companies cut spending in various areas because there is a risk of falling revenues.
Although recession marketing is common, studies show that companies that maintain or increase advertising ensure increased sales and participation during and after the recession. This can occur for a variety of reasons, as brands can provide consumers with an image of stability in the midst of crisis, which improves brand reliability. There is also a decrease in advertising costs, and the possibility of the company winning market, because it is important that the company has an active voice in making ads regardless of the economic situation.
