Answer:
(a) Operating activity
(b) Financing activity
(c) Operating activity
(d) Investing activity
Explanation:
Basically there are three types of activities:
1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.
2. Investing activities: It records those activities which include purchase and sale of the fixed assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
So,
(a) Increase in accounts receivable come under the operating activities, and this is to be in a negative amount
(b) Issue of preference shares comes under financing activity, and this is added while computing the financing activities
(c) The depreciation expenses are added in the net income whereas the bond premium amortization is to be deducted from the net income. These both items have come under operating activities
(d) An increase in land value comes under the investing activity.
Answer: The secondary source on a topic may be biased because the information is translated and the text and information could be altered
Explanation:
Answer:
a) FIFO
Explanation:
FIFO means first in, first out. It is an inventory system where the first purchased inventory is the first to be sold . The cost of goods sold is $30 which is equal to the price of the first purchased inventory . Therefore, the FIFO inventory system was used.
LIFO means last in, first out. It is an inventory system where the last purchased inventory is the first to be sold.
Weighted average is when the weighted price of inventory is used as the cost of goods sold.
I hope my answer helps you.
Redesigning the organization so that it is more efficient and effective is called restructuring
Organizational design is a formal endeavor, a directed process for integrating people, information and technology in an organization.
Restructuring is an organizational activity to reform the company's operational strategy for goals or objectives in an effective and efficient manner. The restructuring step not only supports the improvement of financial conditions, but also operational progress which produces good results.
Corporate restructuring is very important because a company needs to evaluate its performance and make a series of improvements, so that it continues to grow and be competitive. There are 4 (four) forms of restructuring, namely: merger, consolidation, takeover and settlement..
Learn more about organizational design at:
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Answer:
June 30 Dr. Cr.
Salary Expense $14,800
Salary Payable $14,800
Explanation:
Total Weekly Salary Expense = $37,000
Number of working days in week = 5 days
Salary expense per day = $37,000 / 5
Salary expense per day = $7,400
As 3 days lie in July and year end is June 30
Number of days Accrued = 5 - 3 = 2 days
Salary Expense Accrued = 2 x $7,400
Salary Expense Accrued = $14,800
