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zvonat [6]
2 years ago
14

A business would like to invest in a new product, but they are short on extra

Business
1 answer:
pickupchik [31]2 years ago
7 0

Given the scenario described herein, one good solution for the business to invest in a new product when it is short on cash is <u>B. Liquidate some inventory to increase cash flow.</u>

<h3>What is Cash?</h3>

In accounting, cash includes bills, coins, bank balances, money orders, and checks. Cash is the first item in most balance sheets, especially if the company is reporting liquidity.  Cash happens to be the most liquid of all assets. Cash also includes cash equivalents, which are assets readily converted into cash.

Thus, the company does not need to raise prices, fire employees, or cut wages to raise cash.  It can liquidate some inventory at lower prices if necessary.

Learn more about meeting cash requirements at brainly.com/question/735261

You might be interested in
Which of the following is the least liquid investment A. Savings account B. CD C. Mutual fund D. Cookie jar
Drupady [299]
Hello there!


The correct answer is option D- Cookie jar

As always, it is my pleasure to help students like you!

4 0
3 years ago
If a company is using the accrual basis accounting method, when should it record its earned revenue?
BigorU [14]

Answer: b

Under the accrual basis of accounting, expenses are matched with the revenues related to it and/or are reported when the expense occurs, and not just when the cash is paid. The company should record its earned revenue when services are rendered. Payment may come at a later date.

4 0
3 years ago
The date the board of directors votes to declare and pay a cash dividend is called the?
harkovskaia [24]

The date the board of directors votes to declare and pay a cash dividend is called the date of declaration.

<h3>What does the declaration date mean?</h3>

A declaration date refers the date on which the board of directors of a company announces the next date of dividend payment. The board of directors of a company announces a cash dividend on a declaration date, which involve paying a certain amount of money per common share.

A declaration statement is issued that mainy includes the details such as the size of the dividend, the record date and its payment date.

Basically, the date on which the directors vote to declare and pay a dividend is called the declaration date.

Learn more about declaration date here:-

brainly.com/question/23156395

#SPJ4

5 0
1 year ago
The company estimates future uncollectible accounts. The company determines $4,400 of accounts receivable on January 31 are past
Salsk061 [2.6K]

Answer:

Journal entry

Explanation:

Before passing the journal entry we need to do the following calculations

Uncollected amount is

= $4,400 × 50%

= $2,200

Uncollected amount is

= ($4,400 - $2,200) × 0.03

= $2,200 × 0.03

= $66

So, the total amount is

= $2,200 + $66

= $2,266

Now the journal entry is

Bad debt expense $2,266

        To Allowance for uncollectible accounts $2,266

(Being the uncollectible account is recorded)

4 0
3 years ago
How does tax help to stablise the prices of the product​
sammy [17]

Tax helps in stablising the price of product ; because tax is added to the price of product as value added that's why increase in tax system also increases in price of product; also businessmen needs to pay tax from their profit.

5 0
3 years ago
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