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Debora [2.8K]
2 years ago
7

Which of the following statements is not correct?

Business
1 answer:
Alexeev081 [22]2 years ago
5 0

Answer:

B. The owner's drawing account is closed to the Income Summary account

Explanation:

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Paige noted that she disbursed $7,847 in payments for operations in her travel agency and received $7,162 in cash receipts for s
AnnyKZ [126]

There is negative cash flow of $685 in the case given as the total amount of cash disbursements was $7,847 and the cash receipts $7,162 for services rendered. Hence, the correct option is negative cash flow.

<h3>What do you mean by cash flow from operating activities?</h3>

Cash flow from operating activities (CFO) shows the quantity of cash an organization brings in from its ongoing, everyday commercial enterprise activities, together with production and promoting items or presenting a service to customers.

The missing information in the question is:

Multiple Choice:

negative cash flow.

positive disbursement.

bad debt allowance.

tax credit payment.

Hence, There is negative cash flow of $685 in the case given as the total amount of cash disbursements was $7,847 and the cash receipts $7,162 for services rendered. The correct option is negative cash flow.

learn more about cash flow from operating activities here:

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2 years ago
Should a speaker minimize his or her use of nonverbal communication?
Katyanochek1 [597]

no they should not   100% correct

8 0
2 years ago
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This information relates to Sherper Co. 1. On April 5 purchased merchandise from Newport Company for $22,000, terms 2/10, n/10.
Feliz [49]

Answer:

April 5, purchased merchandise on account terms 2/10, n/10

Dr Merchandise inventory 22,000

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April 6, paid freight costs

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    Cr Cash 900

April 7, purchase equipment on account

Dr P, P & E - Equipment 26,000

    Cr Accounts receivable 26,000

April 8, returned some merchandise (April 5th purchase)

Dr Accounts payable 2,000

    Cr Merchandise inventory 2,000

April 15, paid merchandise invoice

Dr Accounts payable 20,000

    Cr Cash 19,600

    Cr Purchase discounts 400

         or

May 4, paid merchandise invoice

Dr Accounts payable 20,000

    Cr Cash 20,000

If the company pays the invoice on April 15th, it will get a 2% discount which must be recorded as a purchase discount.

5 0
3 years ago
In periods of low demand, companies can use direct marketing to target ________ customers and produce quick results.
KiRa [710]

There are different types of marketing.  In periods of low demand, companies can use direct marketing to target known customers and produce quick results.

Direct marketing is simply known to be a form of advertising that focus on targets of a person or company so as to generate new business, raise the profile of an organization or product and for sale.

This type of marketing channel are  emails, online adverts, flyers, database marketing, promotional letters, newspapers, etc.

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2 years ago
The temperature in Gavin’s oven is a sinusoidal function of time. Gavin sets his oven so that it has a maximum tem- perature of
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It equals so divide 45 in 377
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