Answer:
The correct option is c. she/he must account for a delay between the sale and the actual collection of the proceeds
Explanation:
As in the given question, it is mentioned that the credit sale is made, so the owner would remember the delay between the sale and the actual collection so that he knows the gap between these two.
Moreover, for cash budgeting purposes, it is necessary to remember when the owner received the cash and the date on which credit sale was made.
So, all other options are incorrect because it doesn't make any comparison between these two thing which is important for cash budgeting purposes.
Hence, The correct option is c. she/he must account for a delay between the sale and the actual collection of the proceeds
It would be the real-business-cycle theory which is the principle that mainly revolves around the idea that the macroeconomic models are one of the significant factors that are responsible for the occurrence of economic shocks. In addition, the theory is also called the RBC theory.
Answer:
The journal entries required for the redemption as well as the two instances of stock sale is given in details below:
Explanation:
DR CR
11-Oct Treasury stock 5000shares @$5 each 25000
Cash 25000
Being own shares repurchased
1-Nov Cash 31000
Treasury stock 1000 shares issued @$31 each 25000
Paid-in-capital treasury stock 6000
Reissuing treasury stock a higher price
25-Nov Cash 80000
Paid-in-capital treasury stock 6000
Retained earnings 14000
Treasury stock 100000
Reissuing treasury stock at a lower price
Answer:
After the election, democracy holders were elected, so very few qualifying voters took the trouble to exercise their right to vote in the province.
Social security policy exempted farm workers and domestic employees as these were the primary groups of black labor, and the south would exclude them.
After the Republicans lost chance in the South due to the blacks losing their democratic right to vote, the Democrats maintained an electoral hegemony in the area.
Answer: a) Financing Activity b) Investing Activity c) Investing Activity d) Financing Activity.
Explanation:
In the Cash Flow Statement there are 3 types of Activities, namely:
1) Operating Activity: This is for revenue and expenses that are accounted for calculation of Net Income.
2) Investing Activity: This includes the purchase and sale of assets: property, plant and equipment.
3) Financing Activity: This includes cash inflows from issuance of bonds, stocks and it also includes cash outflow from paying dividends to stockholders.
