Answer:
The answer is B.
Explanation:
Some business transactions are so huge or large to the extent that there might be omission or error in recording transactions when they occur.
Adjusting entries are done to update entries for previously unrecorded expenses or revenues. They are usually done at the end of the months.
Since accrual methods are the most preferred, they are done to make Financial statement achieve the objective of 'completeness'
Answer: Brand
Explanation:
Brand managers are the ones in charge of how a product is perceived by the public, especially their niche. They do this through Marketing which is publicizing the product.
They are therefore in charge of marketing the product to their niche so that the product can be bought and by being given total marketing responsibility over Diet Cherry 7Up, Ms Roberts is now most definitely, the Brand Manager.
Answer:
d. $52,100
Explanation:
Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.
These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $46,300
Adjustment made:
Add: Decrease in accounts receivable $2,200 ($23,800 - $21,600)
Add: Increase in accounts payable $3,600 ($24,500 - $28,100)
Total of Adjustments $5,800
Net Cash flow from Operating activities $52,100
Free enterprise means people can run their business in the way they see fit.
In a free enterprise system, the products and services offered and the prices they are sold at are totally controlled by competition, supply and demand in the market and not controlled by government regulations.
Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.