Examlex
The following information was extracted from the records of Vincent Limited: Opening balance of machinery: $840 000
Closing balance of machinery: $960 000
Cost of new machinery: $240 000
Proceeds from sale of machinery: $48 000
(Cost $120 000; Carrying amount $40 000)
The total cash flows from investing activities is determined as:
Interdepartmental Communications
The exchange of information and collaboration between different departments within an organization.
Information Systems
Systems designed to collect, process, store, and distribute information, facilitating decision-making and coordination within organizations.
Budgeting
The process of creating a plan to spend your money, which entails allocating resources to various functions based on projected revenues and expenses.
Organisational Goals
Objectives that a company or an organization aims to achieve, which guide its internal decision-making processes.
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