QUESTION 7 of 20: Money market refers to:

The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a g

VLD [36.1K]

Answer:

There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.

6 0

4 years ago

Clemens Cars' job cost sheet for Job A40 shows that the cost to add security features to a car was $15,500. The car was delivere

Lapatulllka [165]

Answer:

Cash 20,200 debit

Sales revenue 20,200

COGS 15,500

Finished Goods Invenotry 15,500

Explanation:

The revenue will be recognize by the amount billed to the customer. It is paying on cash, so our cash increases. We record that by debiting cash.

And we credit the sales revenue to increase our revenue.

Then we recognize the cost of goods sold, which are 15,500

This decrease our finished goods inventory by this ammount. Also, we post the expense for the cost of the goods sold.

6 0

4 years ago

What form of capital will Woolworths obtain?

Amanda [17]

The form of capital does Woolworths have is-

Woolworths Group manages its capital structure with the objective of enhancing long‑term shareholder value through funding its business at an optimized weighted average cost of capital.

Woolworths organization restrained is a locally owned indexed public employer, deriving revenue from the retail sale of supermarket food and trendy products.
Woolworths group restrained is a locally owned indexed public company, deriving sales from the retail sale of supermarket food and well-known merchandise.
Woolworths Strategic Framework to ensure its relevance to our organization within the context of the hastily evolving consumer panorama as we pursue our aspiration of being a leading, reason driven, and really related store.

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3 0

1 year ago

For the following purchasing and sales transactions, prepare the appropriate journal entry assuming a perpetual inventory system

fredd [130]

Answer:

Cougar Corp.

Journal Entries

1. Jan. 1:

Debit Inventory $6,500

Credit Accounts payable $6,500

To record the purchase of inventory on account, credit terms 1/10, net 30.

2. Jan. 2:

Debit Freight-in $110

Credit Cash $110

To record the freight for January 1 purchase.

3. Jan. 5:

Debit Accounts receivable $3,700

Credit Sales Revenue $3,700

To record the sale of goods on account, credit terms, 2/15, net 30.

Debit Cost of Goods Sold $2,600

Credit Inventory $2,600

To record the cost of goods sold.

4. Jan. 6:

Debit Accounts Payable $950

Credit Inventory $950

To record the return of goods on account.

5. Jan. 7:

Debit Freight-out $210

Credit Cash $210

To record the payment for freight for goods sold.

6. Jan. 9:

Debit Accounts Payable $5,550

Credit Cash $5,494

Credit Cash Discounts $56

To record the payment on account.

7. Jan. 10:

Debit Cash $3,626

Debit Cash Discounts $74

Credit Accounts Receivable $3,700

To record the receipt of cash on account.

Explanation:

a) Data and Analysis:

1. Jan 1: Inventory $6,500 Accounts Payable $6,500

2. Jan. 2: Freight-in $110 Cash $110

3. Jan. 5: Accounts Receivable $3,700 Sales Revenue $3,700

4. Jan.6: Accounts payable $950 Inventory $950

5. Jan. 7: Freight-out $210 Cash $210

6. Jan. 9: Accounts Payable $5,550 Cash $5,494 Cash Discounts $56

7. Jan. 10: Cash $3,626 Cash Discounts $74 Accounts Receivable $3,700

5 0

3 years ago

Which of these is an example of a cash inflow?

Schach [20]

unselected increase in accounts receivable is an example of a cash inflow.

<h3>What types of cash flows are there?</h3>

In the cash flow statement's operating activities section, net income is often the first line item. This metric, which gauges a company's profitability, is calculated directly from the net profit displayed in the income statement of the business for the relevant period.

<h3>What elements have an impact on the cash flow statement?</h3>

Increasing Current Assets at All (Accounts Receivables, Prepaid Expenses, Inventory etc. taken from the Balance Sheet) Any drop in Current Liabilities that has occurred (Accounts Payable, Accrued Liabilities, Income Tax Payable etc. taken from the Balance Sheet). the operating activities' net cash flow.

<h3>Where in the financial statements does cash flow from operating activities appear?</h3>

Operating Activities Cash Flow Following the balance sheet and income statement in a company's financial statements comes a component of the Statement of Cash Flows called Cash flow from Operating Activities.

Learn more about cash outflow:

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5 0

2 years ago