<span>The manager could keep track of the NAICS number from their best customers and find a list of companies with identical NAICS numbers. He/she could also find the numbers for all government units, including local, state and federal. NAICS are very useful for analyzing target customers.</span>
Answer:
Cash Sales : we add up all the cash sales for the week to get total cash sales, cash sales will be from cash receipts journal and or cash register tapes.
Cash shortages will be the difference between cash sales and cash counts or cash on hand.
Journal Entry
Debit Cash ( as per the cash count), Debit Cash shortage(difference and is an expense) Credit cash Sales (as per register)
Explanation:
The Question is incomplete but when dealing with cash there must be internal controls put in place to monitor or reduce any potential risks, risks like cash shortages. Jim must everyday count the cash with the cashier that was at the cash register. Daily the cash register tape must be compared to the deposits that is a control to avoid cash shortages and each employee must have separate register tapes or there must be identification and or a way to know which clerk made what transactions.
Answer:
How much are total liabilities at the end of the year?$80,000
Explanation:
Beg Balance deb cre End.Balance
Total assets 120000 105000 225000
Liabilities 80000 80000
Equity 40000 40000
Earning 120000 120000
Dividens paid 15000 -15000
Total equity 40000 15000 120000 145000
0 120000 -120000 0
Answer:
a.$121,375
Explanation:
Increase in account receivable means there is more credit sales were made during the year than the cash received from the customers. So, cash will be used in the period by account recivables.
According to indirect method cash flow will be adjusted as follows
Net Income $143,124
Net Increase in Rceivables ($21,749)
( $67,072 - $45,323) <u> </u>
Cash Flow from Operating Activites <u> $121,375</u>
