<span>A company that is most motivated to make money has a
letter D: profit motive. Profit motive is an economics term relating to an
organization (specifically business) expected to earn more profit than the expenses
they have given. This type of organization differs from nonprofit because NGOs
are more on accomplishing their advocacy without expecting profits in return.</span>
The cash flow statement plays a vital role for each type of company as it shows the cash positions with respect to the liquidity because the cash should be the most liquid asset and the same would be presented in the organization's hands.
Moreover, they always try to have a sufficient cash amount so that the risk attached to the unfavorable economic situation could be eliminated. So the business wants to store a high value of cash amount and have sufficient liquidity and the same would be presented in the cash flow statement.
Learn more about cash flow here:brainly.com/question/24179665
#SPJ4
P=present value
F=future value=500
n=number of years=2
i=annual interest rate=3%
We have
F=P(1+i)^n
=>
P=F/(1+i)^n
=500/(1.03^2)
= 471.30 to the nearest cent
Explanation:
The Answer Is C. That's It
Answer:
The answer and procedures of the exercise are attached in the following archives.
Explanation:
The first part of the journal entry would record the expenses as the receipt. Hence the expense account would be a debit. A corresponding entry would be a credit to the cash account to record the receipt of such expenses. This is done basis the basic accounting rule that increase in the asset and expense account signifies as debit and vice versa whereas increase in the liability and revenue account would be regarded as the credit.
The second journal entry would increase the petty cash account by $50 to raise the balance of existing petty cash from $280 to $330. A corresponding effect would be a credit to the cash account.
