Some advantages is that everyone has different strengths that can be used to build a better team. Some weaknesses are that not all team members get along and some don’t want to do the work.
Answer:
Dr.Office Supplies, $110; Dr. Merchandise inventory, $140; Dr. Miscellaneous expenses, $70; Cr. Cash over and short, $4; Cr. Cash, $316
Explanation:
The journal entries are shown below:
1. Petty cash A/c Dr $400
To Cash A/c $400
(Being petty cash fund established)
2. Office supplies A/c Dr $110
Merchandise inventory A/c Dr $140
Miscellaneous expense A/c Dr $70
To Cash over and short A/c Dr $4
To Cash A/c Dr $316
(Being disbursement of cash recorded)
Answer:
The net operating cashflows are 18,876 dollars.
Explanation:
Operating cashflows are cashflows which an entity generates from it core operations. In other words cash flow related to investment and finance activities do not form part of an entity operaing cashflows.
So in this example interest will not be part of operating cashflows.
For more details please refer to below given calculations.
OCF
Sales 46,200
Cost (23,100)
Tax (4,224) (W-1)
OCF 18,876
(W-1) Calculating profit to find tax paid
(46,200-23,100-2,200-1,700)*22%
Answer:
B) Comprehensive Resource Management
Explanation:
Comprehensive resource management requires that you follow standard procedures in order to:
- identify requirements
- perform inventories
- ordering, storing and acquiring missing materials
- mobilize resources including personnel, equipment and supplies
It is very important that you plan how to properly plan how to effective allocate your resources.
