Answer:
Employee Exchange Strategy
Explanation:
According to my research on different business strategies used by companies, I can say that based on the information provided within the question this is an example of the Employee Exchange Strategy. This strategy is when employees are exchanged between companies or departments, usually during seasonal ups and downs. This is done to either avoid contractual conflicts or to avoid layoffs during off seasons.
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Answer:
D) positive cash flow of $21,900 from investing activities
Explanation:
To calculate Sonesta's cash flow associated to this transaction we can use the following formula:
cash flow = net book value of the asset - loss on sale of the asset
cash flow = $30,900 - $9,000 = $21,900
The cash flow was generated by an investing activity since Sonesta sold an asset, not its products.
Answer:
1. Accounts receivable
2. Notes receivable
3. Other receivable
Explanation:
Sold merchandise on account for $64,000 to a customer - Accounts receivable. Since the merchandise is sold on credit to a customer, the same is recorded in the current assets of the balance sheet as accounts receivable.
Received a promissory note of $57,000 for services performed - Notes receivable. Since the promissory note is received for service performed which we term as a note receivable. This also come under the current assets of the balance sheet
Advanced $10,000 to an employee - Other receivables - As an advance is given to an employee neither is an account receivable nor it notes receivable. So, it is term as an other receivable
