2 years ago

Transactions involving the purchase and sale of fixed assets would be considered _______ activities.

1 answer:

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Transactions involving the purchase and sale of fixed assets would be considered INVESTING activities.
Investing activities refers to those activities carried out by the company which involve sales or purchases of fixed assets such as building and equipment.

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The use of __________ has increased productivity along the assembly line and within service-based businesses while simultaneousl

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Answer:

Robots.

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The use of mechanism and robotic arm has become a important determinate for the production and manufacturing process in todays 21st century.

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3 years ago

If real GDP increases, A. the money demand curve shifts to the right. B. there is a movement down along a stationary money dema

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3 years ago

On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the

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Answer:

The correct answer is:

Debit: Account receivable $5,800

Credit: Sales revenue $5,800

Debit: Cost of goods sold $4,000

Credit: Merchandise inventory $4,000

Explanation:

On 1st May

Upon sale of inventory on credit

Debit: Account receivable $5,800

Credit: Sales revenue $5,800

On 1st May

To record cost of goods sold of merchandise inventory:

Debit: Cost of goods sold $4,000

Credit: Merchandise inventory $4,000

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3 years ago

Marci rewarded her team with a bonus when she found that their performance exceeded the standards she had set. Which step of the

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Step 4 of the control process does giving the reward represent.

Stage4:

When your business is in this stage of the life cycle, you have two choices: sell or reinvest. If you decide to sell, you’ll want to work with the right people to make sure you’re following state and federal finance laws.

Reinvesting in your company can result in its renewal. Ideally, you want to start this process before your business is in a decline. For example, if you notice there’s a change in the industry, modify your strategy.

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