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3 years ago

Which is NOT a money management skill discussed in the reading material?

Business

1 answer:

aleksandrvk [35]3 years ago

4 0

Answer:

Option B. Managing your time in a healthy manner

Explanation:

The reason is that the money management moves around the money and managing time has no association with the money savings or money generation or money spending. So the things that matter while managing the flow includes the estimation of cash outflow and inflow in the coming period, budgeting the cash flow, least cash amount required to tackle emergent issues and other issues like opening saving account, short term investment, etc.

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Faust Company uses the perpetual inventory system. Faust sold goods that cost $2,300 for $3,600. The sale was made on account. W

mario62 [17]

Answer:

increase total assets by $1,300.

Explanation:

The net effect is shown below

The first entry is

Cost of goods sold Dr $2,300

To Merchandise Inventory $2,300

(Being the cost of inventory is recorded)

Now the second entry is

Account receivable Dr 3,600

To Sales revenue 3,600

(Being the sales is recorded)

Now the net effect is

= 3,600 - 2,300

= 1,300

This 1,300 reflect the increase in the total assets

4 0

3 years ago

Guaranteed Appliance Co. produces washers and dryers in an assembly-line process. Labor costs incurred during a recent period we

Aleks [24]

Answer:

$180,000.

Explanation:

The Guaranteed direct labor cost to be recognized by the company is the cost of labour incurred directly in the course of production.

From the cost group given, the cost of plant supervisor, corporate executives, and security guards are all indirect cost.

The only direct cost for this company is the assembly-line workers cost at $180,000.

6 0

3 years ago

If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account that had been written

AlladinOne [14]

Answer: the correct answer is a. includes a credit to Bad Debt Expense of $3,650.

Explanation: the Debt was not going to be paid but then the company received the money so it corresponds the credit to Bad Debt Expense of $3,650.

6 0

3 years ago

The following events took place for Digital Vibe Manufacturing Company during March, the first month of its operations as a prod

AysviL [449]

Answer:

Explanation:

a. In the income statement, the total revenues and the total expenses are recorded.

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

Before preparing the income statement, first, we have to compute the net loss or net income which is shown below:

= Sales - cost of good sold - selling expenses - administrative expenses

= $875,000 - $525,000 - $125,000 - $80,000

= $145,000

b. The computation of the inventory balances are shown below:

Direct material = Purchased material - used material

= $168,500 - $149,250

= $19,250

Work in progress = Used material + direct labor wages + factory overhead - transferred units

= $149,250 + $360,000 + $120,000 - $600,000

= $29,250

Finished goods = Transferred units - cost of goods sold

= $600,000 - $525,000

= $75,000

The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

6 0

3 years ago

Which of the following statements is a fact about buyer behavior?

vladimir1956 [14]

Answer:

Explanation:

A p e x

5 0

3 years ago