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Ray Of Light [21]
3 years ago
5

Write a letter to your father asking for money to buy textbooks and pay for your school fees​

Business
1 answer:
saul85 [17]3 years ago
8 0

Answer:

pay

Explanation:

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Fenland Co. plans to retire $120 million in bonds in five years, so it wishes to fund a savings account at the beginning of each
solniwko [45]

Answer:

240,000,000

Explanation:

Each year you would need to invest 240,000,000 into the saving account over a period of five years to get to the desired amount. If they are only putting in 12%of the retirement funds that would 14,400,000 and that would take about 8 years.

8 0
3 years ago
What method would salespeople use to find new customers?
abruzzese [7]

Answer:

B.  prospecting

Explanation:

<em>The method that sales people would use to find new customers would be </em><em>prospecting</em><em>.</em>

In sales, prospecting means the identification of potential customers for a particular good/service. It represents the first step in sales process.

<u>After the list of potential customers have been created, the next step would be to find a way of reaching out to these customers in order to create leads which can end up in sales and turns a prospective customer to a paying customer.</u>

5 0
2 years ago
Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the b
Anna71 [15]

Answer:

The following statements are true about the chart of accounts:

a. Different companies use different charts of accounts based on individual company need.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

a. Different companies use different charts of accounts based on individual company need.

b. The chart of accounts contains the balance of all of the accounts in a ledger.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

d. The chart of accounts can be ordered in any sequence because they are not formal financial systems.

The explanation of the answer is now provided as follows:

A chart of accounts can be described as a list of financial accounts that an accountant sets up for an organization and makes available to the bookkeeper for inputting transactions into the general ledger.

Therefore, the chart of accounts for each account type should be organized in a logical sequence. Depending on the needs of the business, different organizations employ different charts of accounts.

Based on the explanation above, the following statements are true about the chart of accounts:

a. Different companies use different charts of accounts based on individual company need.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

8 0
3 years ago
Which of the following items will not appear in the operating section of patnode's 2005 indirect method cash flow statement?
galben [10]

Answer:

B. Add: decrease in accounts payable $1,000.

Explanation:

Operating Cash Flow (OCF) can be described as the cash that comes from the normal operating activities a company during a particular period.

The operating cash flow section starts with net income and other items that appear under it include change in current assets and current liabilities.

The following are 4 rules that employed to determine the nature of an adjustment to a current asset or current liability under the operating cash flow section of the cash flow statement:

Rule 1: When a current asset increases, you deduct.

Rule 2: But when a current asset reduces, you add.

Rule 3: When a current a liability increases, you add.

Rule 4: But when a current liability reduces, you deduct.

The 4 rules are now applied to this question as follows:

A. Deduct: increase in accounts receivable $3,000.

Account receivable is a current asset and there is an increase in it. Based on Rule 1, we deduct. Therefore, what is done is correct and will appear in the operating section of the cash flow.

B. Add: decrease in accounts payable $1,000.

Accounts payable is a current liability and there is a decrease in it. Based on Rule 4, we should deduct. Therefore, what is done is wrong and will not appear in the operating section of the cash flow.

C. Add: increase in taxes payable $2,400.

Taxes payable is a current liability and there is an increase in it. Based on Rule 3 above, we add. Therefore, what is done for this is correct and will appear in the operating section of the cash flow.

D. Add: decrease inventories $6,000.

Inventory is a current asset and there is a decrease in it. Based on Rule 2 above, we add. Therefore, what is done is correct and will appear in the operating section of the cash flow.

Conclusion

Based on the analysis above, only option B is wrong and will not appear in the the operating section of the cash flow. Therefore, the answer is B. Add: decrease in accounts payable $1,000.

4 0
3 years ago
A rival good A. is exclusive. B. is one that rival firms are trying to obtain. C. cannot be shared. D. is one that is used up as
ANTONII [103]

Answer: Option (D) is correct.

Explanation:

A good is said to be rival in nature if the consumption of that good by one individual will impact the availability of good for the others. This means that less quantity will be available for the others.

For instance, if a city has only one fire station, two fire trucks and four firefighters then it is characterized as rival in consumption because consumption of fire protection by one individual will make the fire protection unavailable for the others, due to its limited availability.

Suppose if there is an emergency call received from about 15 houses then the fire protection have to choose 3 or 4 houses among them because of limited resources. This shows that fire protection is unavailable for others.

5 0
2 years ago
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