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4 years ago

Which of the following are elements you should include in meeting minutes? Check all that apply.

Business

1 answer:

GREYUIT [131]4 years ago

6 0

Answer:

The correct answer are A and D.

Explanation:

Meeting minutes is the one which involve the name of the group, time as well as date and the place of the meeting, names of the absentees and attendees, record and reports of old business as well as new business, approval of previous minutes, the precious wording of motions which comprise of action taken and vote and the person signature and name.

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ABC, Inc. is considering purchase of a new equipment. The sales are expected to be $808,133 and the total cash expenses are expe

Tanya [424]

Answer:

Net Operating Cash Flow = $286,285

Explanation:

Total expected Sales = $808,133

Total Expected Expense = $394,925

Therefore cash revenue = $413,208

After this depreciation will be charged = $77,434

Net profit after depreciation = $335,774

Tax @ 37.8% = $126,923

Net profit after tax = $335,774 - $126,923 = $208,851

Add: Depreciation since non cash in nature = $77,434 + $208,851 = $286,285 = Net Operating Cash Flow

8 0

3 years ago

Jefferson County bought a new backhoe using General Fund cash. When the asset was acquired, what was the appropriate entry that

GalinKa [24]

Answer:

a. Debit Equipment; Credit Cash.

Explanation:

Backhoe is a fixed asset therefore, cannot be categorized as an expenditure, further it is paid in cash therefore, cash account will be credited, and further

Equipment will be debited, as asset account is debited if created or any value added in it , also in categorization the equipment will be clubbed in fixed assets but directly the amount will not be debited to fixed assets.

Therefore correct entry will be:

Debit Equipment

Credit Cash

6 0

3 years ago

What is the price paid for the use of borrowed money referred to as?

marshall27 [118]

Interest
Interest is the monetary charge for borrowing money—generally expressed as a percentage, such as an annual percentage rate (APR). Key factors affecting interest rates include inflation rate, length of time the money is borrowed, liquidity, and risk of default. Interest can also express ownership in a company.

3 0

3 years ago

Business documents follow a certain format because they have been doing so for years.

FromTheMoon [43]

False i believe

hope this helps

8 0

4 years ago

Read 2 more answers

Which example is an economic property but not a law?

tensa zangetsu [6.8K]

Answer:

The correct option is;

Buy low and sell high

Explanation:

To "buy low and sell high" is a market strategy that involves the idea of buying stocks or goods or other financial instruments, when the market value is at the lowest, and sell when the prices are high or at their peak

That is a profit is made when traders buy stocks or goods at a price lower than they sell

The idea to buy low and sell high is aptly applied to stock market trading that have cycles of high and low prices. But it is also very much applicable to real estate and property, as these are more tangible items although they operate sometimes at a smaller scale.

7 0

3 years ago