According to scrum guide, a sprint is a time box of a month
or less during which a usable, “DONE” and potentially releasable sum of all
product backlog items (increment) is created. At the end of the sprint, the development
team is required to complete the new increment. Done means the new increment
must be in a usable condition. It must meet the Scrum Team’s definition of done.
When an increment is described as done, it is used to assess
when work is fully complete on the product backlog of items. It guides the
development team in understanding how many increments can be selected during a
sprint planning.
Answer:
$307,390
Explanation:
Given that,
Cost of Goods Available:
= Beginning Inventory + Net Purchases
= $140,000 + $658,000
= $798,000
Cost of goods Sold:
= [(100 - Gross profit ratio) ÷ 100] × Sales
= [(100 - 29) ÷ 100] × $691,000
= $490,610
Ending Inventory:
= Cost of goods available - cost of good sold
= $798,000 - $490,610
= $307,390
Answer:
C. Sale of goods on credit
Explanation:
The current liabilities refer to the financial obligations that a company has to pay within one year and it includes accounts payable, short term debt and wages payable. According to this, the answer is that the option that does not affect the current liabilities section of the balance sheet is sale of goods on credit.
Information resources are defined as the data and information used by an organization. Examples of information resources are databases with customer purchase information.
Primary literature is where new research or theories are first revealed, and includes journals and conferences.
Secondary literature provides a more digested overview of a subject e.g. books.
Tertiary literature records facts and brief descriptions of key information, as in reference material.
Answer:
The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is $26400.
Explanation:
Cash flow from customers = Account receivable, beginning + Credit sales - Account receivable, ending
= 2,100 + 6,500 - 1,100
= $26400
Therefore, The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is $26400.