In 1888, Thomas Adams was the first person to build a vending machine that dispensed chewing gum. The gum, named Tutti-Frutti, was available around New York City subway stations.
Answer: you have to pay back the loan once you start making money. in general you have to pay back the loan. everyone wants free money.
Answer:
B. $12,500
Explanation:
Accumulated depreciation is the cumulative depreciation of an asset up to a single point or current point in its life.
Each period, the depreciation expense recorded in that period is added to the beginning accumulated depreciation balance. Therefore when there's an entry of depreciation of an equipment, the current value is added to the previous total of the old entry. Therefore the balance of the the depreciation after current entry is the beginning balance of the depreciation plus the balance entered into the record.
In this case, the beginning balance was $10,000 and the entry was $2,500
Hence, balance of accumulated depreciation account after entry is 10000 + 2500 = $12,500
Answer:
company's product line in the dog food market
Explanation:
In the description provided, it can be said that Prime Cuts will be an addition to the company's product line in the dog food market. A product line is a group of related products all marketed under a single brand name and are sold by the same company to the same targeted group of consumers. Such as in this scenario, all of the products listed are dog treats/food with different ingredients and are all sold by the same company to people looking for dog food.
Answer:
d) Purchasing $18,000 (000) worth of plant and equipment
D. As the cost are forecast they can change over the course of the expansion making possible to be above budget. This may lead to an emergency loan if the cash flow and inflow of the company are don't go as planned which could be the case during a project of this magnitude.
Explanation:
<em>Missing information:</em>
a) A $5 dividend
b) Liquidate the entire inventory
c) Retiring the oldest bond
d) Purchasing $18,000 (000) worth of plant and equipment
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A) dividends would not be the cause as they are determinated by the company they can chose not to declare it.
B) lquidate the inventory means selling and not replenish. This generates cash it doesn't use cash
C) re-rolling the debt (by issuing new bonds) is a course of action planned and that in hte end will not affect the cash of the company as will be paying the bonds and receiving from the new bonds thus the changes in cash would be controlled.
D. As the cost are forecast they can change over the course of the expansion making possible to be above budget. This may lead to an emergency loan if the cash flow and inflow of the company are don't go as planned which could be the case during a project of this magnitude.
