Answer:
False
Explanation:
As a company's sales level increases, its current assets will increase, e.g. cash, inventories, accounts receivables increase. generally, also the fixed assets increase, specially if the firm was previous producing at full capacity even before total sales increased. But as sales increase, not only do the company's assets increase, its current liabilities generally increase also, and its profits should increase. In this case, 60% of the company's profits are reinvested in the company, and the liabilities represent more than half of the total assets. Therefore, it is possible that the company needs external financing, but it is also possible that it doesn't. You cannot assume that the company will necessarily need external financing, because retained earnings and the increase in current liabilities might be enough to finance the company's growth in sales.
Answer:
Transactions that create revenue :
Transaction B
Transaction C
Transaction D
Journal Entries :
<u><em>Transaction B</em></u>
Cash $900 (debit)
Sales Revenue $900 (credit)
<u><em>Transaction C</em></u>
Cash $10,000 (debit)
Unearned Revenue $10,000 (credit)
<u><em>Transaction D</em></u>
Cash $3,500 (debit)
Accounts Receivable $3,500 (credit)
Explanation:
Transactions that create revenue
Hint ; Revenue is the increases in income that results in increases in assets and decreases in liabilities
Tim should be in governance.
Suzette should be in planning
A) strategic
B) tactical
C) operational
D) short-term
E) none of the above
its b tactical
Answer: a constant standard of living
Explanation: