On her way to office, Mandy bought a cup of cappuccino from a newly opened café. She loved the drink, and recommended the café to her colleague. In the given scenario, Mandy's recommendation is an example of ________.
Fill in the blank(s) with the appropriate word(s).
Answer: a referral
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Scranton, Inc. reports net income of $230,000 for the year ended December 31. It also reports $87,700 depreciation expense and a $5,000 gain on the sale of equipment. Its comparative balance sheet reveals a $35,500 decrease in accounts receivable, a $15,750 increase in accounts payable, and a $12,500 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.
A. $263,750. B. $319,950. C. $351,450. D. $356,450. E. $376,450.
A retail firm commonly has a positive cash flow in its early years; therefore, drawing accounts in this time period are unnecessary
Indicate whether the statement is true or false
In addition to possessing strong communication skills, today's workers must also be media savvy, which means ________.?
A) ?exercising good judgment when posting messages on the Internet and writing e-mails B) ?using effective marketing tools to promote a company's products and services C) ?increasing their computer programming skills D) ?connecting with large numbers of people on LinkedIn
Which of the following items would require an adjusting entry after preparation of the bank reconciliation?
A) errors made by the bank revealed by the bank reconciliation B) all items on the bank's side C) errors made on the books revealed by the bank reconciliation D) outstanding checks