Answer:
it is the financial skill to know how to do personal financial management, budgeting, and investing.
Answer:
stated above 1.4 Name the sector in which your business mentioned above operate in. 2 Use the table to answer question 1.1-1.3 CHALLENGES BUSINESS ENVIRONMENTS (1.2) (1.1) (3) (1) EXTENT OF CONTROL (1.3) Question 1 1.1 . Do a research on three challenges
I would say the best answer to go with is A. Not to sure.
Answer:
$248,000
Explanation:
Given that 20% of sales are for cash, Of the credit sales, 10% are collected during the month of sale, 30% in the following month, and 60% in the second following month. It means that credit sales is 80% of sales.
Cash collection for January will include 20% sales in January, 8% (10% * 80%) sales in January, 24% (30% *80%) sale in December and 48% (60% * 80%) of sales in November.
The forecasted amount of total CASH COLLECTIONS FROM SALES in January
= 20% * $200,000 + 8% * $200,000 + 24% * $400,000 + 48% * $200,000
= $40,000 + $16,000 + $96,000 + $96,000
= $248,000
Answer:
The correct option is B,-$5,200 as found in the attached.
Explanation:
The net cash flows provided/used by investing activities are cash flows(both inflows and outflows) on assets that are capable of generating earnings directly or indirectly for the business.
By direct ,I mean assets that are used directly in the business to enhance the business earnings while indirect relates those that are not used in core business operations.
Cash flow from investing activities is computed:
Cash received from sale of equipment $14,800
cash paid to purchase investment ($20,000)
Cash flow used in investing activities ($5,200)
The correct option is B as found in the attached .
