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3 years ago

Why is looking at cash flow an important step in a good financial plan?

1 answer:

8 0

Cash flow refers to the constant movement of money, both where and how much you're spending as well as how much you're earning in return. Looking at cash flow is an important step in a good financial plan because it can help you determine places where you need to scale back on spending. For example, if you buy a $2 cookie every day, it won't feel like you're spending a lot of money. But after a month, you will have spent $60 on cookies that could have gone to something else, like car repairments. By being aware of this spending, you can save more money and have better control of spending habits.

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What caused consumer prices to rise following the war? . a.low demand and a surplus of produced goods . b.low demand and a short

katrin [286]

High demand and a shortage of produced goods

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3 years ago

Read 2 more answers

How would you describe Ghosn’s style of leadership?

boyakko [2]

Answer:

The leader for this situation doesn't have faith in close control of his group (ELS, 2010). Regardless of whether he is accountable for huge organizations that rely upon significant choices, Ghosn wants to permit his subordinates to set up their own timetables.

Explanation:

hope this helps, sry if it doesnt

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3 years ago

Talks-A-Lot, Inc. sells cell phones to customers and expects that 10% of phones sold will be returned for repair under its warra

poizon [28]

Answer:

amount of warranty liability that should be reported at December 31, 2021 is $3,375

Explanation:

When the Sale was made, the Warrant Liability is recorded as follows:

Warranty Cost $5,625 (Debit)

Warranty Provision $5,625 (Credit)

Warranty Cost = 750 cell phones × $75 × 10% = $5,625

When Warranty Claims were received during the year the records are as follows :

Warranty Provision $2,250 (Debit)

Cash $2,250 (Debit)

Warranty Cost = 30 × $75 = $2,250

At December 31, 2021 the amount of warranty liability should be

Warranty Provision = $5,625 - $2,250 = $3,375

6 0

3 years ago

Which of the following debit and credit rules is correct? A. Decreases in assets and liabilities are credited. B. Increases in

Andrei [34K]

Answer:

B. Increases in liabilities and stockholders' equity are credited.

Explanation:

As Liabilities and Stockholder's equity have credit balance, so a credit entry will increase their value and debit entry will decrease its balance. On the other hand assets accounts have debit balance, a credit entry will decrease its balance and debit entry will increase it. So the correct option is B. Increases in liabilities and stockholders' equity are credited.

6 0

3 years ago

Slapshot Company makes ice hockey sticks and sold 1,890 sticks during the month of June at a total cost of $378,000. Each stick

Grace [21]

Answer:

Slapshot Company

Income statement for the month of June

Sales ( 1,890 x $360) $680,400

Less Costs of Sales ($378,000)

Gross Profit $302,400

Selling Costs :

Commissions $68,040

Other Selling Expense $64,700

Administrative Expense $53,800 ($186,540)

Net Income $115,860

Explanation:

The Income statement shows the Profit earned during the reporting period. This is determined as Gross Profit (Sales - Cost of Sales) minus the Operating Expenses.

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3 years ago