Answer:
1. Paying somebody else and himself represent cash outflow.
2. Party bookings represents forecasted cash inflow.
Explanation:
Remember, a cash flow shows where money is coming from into the accounts of a business and where money goes to from the accounts of the business. Inflows represent credit transactions into the business account, while the outflows represents debit transactions to external sources.
Thus, paying somebody else £1200 a month to run the business as well as himself (Mr Flake) both represents outflow of cash from his ice-cream business. But the 6 more party bookings for September represents cash inflows since he will be receiving a pay from the clients.
Answer:
Cash account for $10,100
Explanation:
The journal entry is shown below:
Cash Dr $10,100
To Note receivable $10,000
To Interest revenue $100
(Being the receipt of the payment is recorded)
The computation of the interest revenue is
= $10,000 × 6% × 60 days ÷ 360 days
= $100
For recording this entry we debited the cash account and credited the note receivable and the interest revenue account
We assume the 360 days in a year
Answer:
The value of a customer is $193.2.
Explanation:
The value of the customer can be calculated by considering the profit they generate, retention rate, and the discount.
Value of a customer = Profit per year * Retention rate * (1 - discount)
Value of a customer = 300 * 0.7 * (1 - 0.08)
Value of a customer = 300 * 0.7 * 0.92
Value of a customer = 193.2
Thus, the value of a customer is $193.2.
Answer:
Chronological
Explanation:
The pattern would be chronological because she has used a sequence which is according to the progression of time which in this case starts from early days and get through schools days to date. This is a chronological pattern is best used when history is told because random sequence doesn't makes sense in this case and also that the person who tells the history makes it more interesting when he make the flow of information in a chronological pattern. So the right answer here is Chronological patter.
Answer:
A market
Explanation:
A market traditionally was defined as a geographical and physical location where buyers are sellers meet to transact business.
With the advancement in the area of information communication technology (ICT), the word market has been redefined as not just a geographical location but any arrangement which bring a potential buyer and seller of goods and service into close contact for the purpose of transacting business.