Answer:
A is the correct answer
Explanation:
Most small businesses use a simple organizational structure. In this, decision making is centralized with the owner. It doesn't have any formal departments and layers. There are both advantages and disadvantages of running the company with this structure. It enables the owner to keep tight control over the company's operation. No decisions can be made without the owner's approval and the owners of aware of every decision made. These companies make decisions quickly as there are no layers of management where the request needs to climb before approval.
Answer and Explanation:
The classification is as follows
1.
A. financing activity = Cash outflow as cash is gone
B. Operating activity = Cash inflow as cash is received
C. Operating activity = Cash outflow as cash is gone
D. Financing activity = Cash outflow as cash is gone
E. Investing activity = Cash outflow as cash is gone
2.
A. Investing activity = Cash outflow as cash is gone
B, Investing activity = Cash inflow as cash is received
C. Operating activity = Cash outflow as cash is gone
D. Operating activity = Cash inflow as cash is received
E. Operating activity = Cash inflow as cash is received
F.financing activity = Cash inflow as cash is received
Answer: True
Explanation:
A convenient product is the product that is relatively inexpensive item that merits little shopping effort.
A convenient product refers to an inexpensive product which requires a little amount of effort from the consumer to purchase it. Some examples of convenience products include soft drink, bread, coffee.
Therefore, the statement given is true.
Answer:
$130,500
Explanation:
Given that,
service revenue = $720,000
Total cost (fixed and variable) per client = $2,500
Served = 115 clients during the year
operating expenses = $302,000
Gross profit:
= Service revenue - Total cost
= $720,000 - ($2,500 × 115)
= $720,000 - $287,500
= $432,500
Net income = Gross profit - operating expenses
= $432,500 - $302,000
= $130,500
