The four answers in which airplanes changed the way the world does business are :
By making long distance travel cheaperTravel longer in less timeby opening up new commercial marketsBy increasing travel opportunitiesWhy are planes so important?From the first successful flights to the ability to fly faster than the speed of sound, airplanes have made the world accessible to all. As for America, in the early days, the airplane was the instrument that held this vast country together.
How did the first plane help society?Clearly, airplanes have impacted society by allowing us to travel much farther and much faster. But the invention of the airplane wasn't just about accelerating long-distance travel. Food and agricultural products are also airlifted to move from one part of the world to another.
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Cross-sectional regression models linking personal disposable income to consumption expenditure are likely to be hampered by Multiple Choice None of the options are correct. homoscedasticity. nonlinearity. heteroscedasticity. autocorrelation.
Cross-sectional regression models linking personal disposable income to consumption expenditure are likely to be hampered by heteroscedasticity.
Heteroskedasticity refers to things wherever the variance of the residuals is unequal over a variety of measured values. Once running a multivariate analysis, heteroskedasticity leads to an associated unequal scatter of the residuals (also referred to as the error term).
Heteroscedasticity is especially thanks to the presence of outlier within the knowledge. Outlier in Heteroscedasticity means the observations that square measure either little or giant with relevance the opposite observations square measure gift within the sample. Heteroscedasticity is additionally caused thanks to omission of variables from the model.
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Which of the following by itself is consistent with the directions that the price level and real GDP changed at the onset of the Great Depression?:a. aggregate demand shifted right.b. aggregate demand shifted left.c. aggregate supply shifted right.d. aggregate supply shifted left.
The price level may rise, fall, or remain the same as real GDP falls.
What changes occurred to GDP during the Great Depression?
Between 1929 and 1933, real GDP declined by 29%. In 1933, the unemployment rate peaked at 25%. 25% decrease in consumer prices 32% of wholesale prices went down. Exactly 7,000 banks, almost 33% of the financial framework, bombed somewhere in the range of 1930 and 1933.
How much was the GDP when there was a Great Depression?
GDP in the United States dropped to just 57 billion U.S. dollars in 1933, the lowest level ever recorded, before rising shortly before the Second World War.
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Chair Company contracts to deliver a dozen suites of dining room tables and chairs to Purnit ure Store on May 1. On April 15. Chair tells Furniture that delivery will be delayed until June 1. Furniture may a. Awalt performance, sue Chair for Anticipatory Breach, or suspend its own performance b. Only await performance c. Only sue Chair d. Only suspend its own performance Chapter 22
Furniture may await performance, sue Chair for Anticipatory Breach, or suspend its own performance.
There are a few things to keep in mind when shopping for furniture. First, think about the style of the room you are furnishing. Second, take into account how much use the furniture will get. If you have kids or pets, you'll want to choose furniture that is durable and easy to clean.
Third, make sure to measure the space you have available before making any decisions. Based on the performance you want, you must decide the material. And finally, consider your budget. It's important to set a realistic budget before you start shopping.
Hence, the correct option is "A".
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True/False1.Is optimal portfolio the combination of securities that achieves the highest expected return for a desired level of risk.2. Risk premium must always be larger than required return.
Is optimal portfolio the combination of securities that achieves the highest expected return for a desired level of risk. This statement is true.
What Is the Optimal Portfolio?A portfolio that has been perfectly balanced between risk and return is said to be optimal. The best portfolio balances investments with tolerable risk and the highest potential returns, or investments with the lowest risk for a given return.
A portfolio that minimizes your risk for a certain level of return or maximizes your return for a certain level of risk is the ideal portfolio. It implies that risk and return cannot be viewed separately. To achieve bigger rewards, you must accept greater risk.
An asset portfolio that maximizes expected return for a specific degree of risk can be put together by investors using the Modern Portfolio Theory (MPT), a theory of investments.
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Which of the following is not a question that will help assess your financial condition as you approach retirement?
We can save according to our retirement plan, moving from safe investments to unstable, growth-type investments the following isn't a question on the way to assist assess our economic circumstance as you approach retirement.
\
Funding is an asset or item gathered with the intention of generating earnings or popularity. In a monetary outlook, an investment is the acquisition of goods that aren't consumed today but are used in the future to generate wealth.
Investment. The act of redirecting sources from being eaten up today so that they will create advantages in the future the use of belongings to earn profits or profit financial device. The system lets in the transfer of money between the savers and debtors.
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Which of the following is least likely to result in an emphasis-of-matter paragraph being added to an unmodified auditor's report on the financial statements of a nonpublic client that sells jewelry through a retail store?
a. A decision by the auditor to emphasize that the client is a part of a larger organization.
b. A change from FIFO to specific identification accounting for inventory.
c. A question as to whether the client will be able to remain a going concern.
d. Use of an unacceptable method to value inventory with results that differ materially from GAAP.
d. It is least probable that the financial statements of a nonpublic customer that sells jewelry through a retail store will have an emphasis-of-matter paragraph added to the report if an inappropriate method of valuing inventory was used and the results deviated considerably from GAAP.
The widely used standards and safeguards known as generally accepted accounting principles (GAAP) are used to ensure accurate and valuable financial reporting. Fiscal periods, for instance, may not correlate to actual calendar dates as employed in accounting.
When preparing their financial statements, U.S. corporations must abide by the FASB's set of accounting standards known as GAAP. The objective of GAAP is to improve the consistency, comprehension, and comparability of financial data.
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Prepare a complete statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)
Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses.
Cash balance December 31, 2013 is $70,944 the required answer for the given question.
What is Comparative balance sheet?The financial status of an organisation throughout several time periods for which comparison is done or is necessary is shown on a comparative balance sheet.
Forten Company
Statement of Cash Flows
For the year ended December 31, 2013
Cash flow from operating activities:
Net income $145,200
Adjustments to net income:
+ Depreciation expense $20,000
+ Loss on sale of equipment $4,500
+ Decrease in prepaid expenses $500
- Increase in accounts receivable $18,000
- Increase in merchandise inventory $29,106
- Decrease in accounts payable $53,125 -$75,231
From operating operations, net cash flow $69,969
Cash flow from investing activities:
income from the selling of equipment $15,100
cash outflow from equipment purchases -$63,000
Net cash flow generated from investments -$47,900
Cash flow from financing activities:
income from the sale of common shares $70,000
Flow of funds from the bank's short-term payable notes $4,000
Bank's short-term notes payable cash outflow -$44,125
Cash outflow from dividends -$53,000
Net cash flow from operating transactions -$23,125
Net cash decrease -$1,056
Cash balance December 31, 2012 $72,000
Cash balance December 31, 2013 $70,944
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cash paid for property, plant and equipment is found in the cash outflows from the activities section of the statement of cash flows. (enter only one word per blank.)
The term "cash flow from investing activities" refers to the inflow and outflow of cash from investing in assets (including intangibles), purchasing assets such as property, plant and equipment, shares, debt, and from sale proceeds of assets or disposal of shares/debt, or redemption of investments such as a collection from loans advanced or debt issued.
cash inflows and outflows from operating activitiescash inflows and outflows connected to external financing sources (owners and lenders). Inflows and outflows of cash resulting from the sale or acquisition of investments and long-lived assets. Gross revenues and gross payments are the components of cash flows from operating operations that are reported.
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Which of the following is not a type of financial banking?
Investment banks, insurance firms, and mutual funds just like SBI Mutual Fund.
What makes money important?Money woes are at the heart of the discipline of finance. It's a crucial element for every individual or business. It is essential for a company since all businesses must make money in order to survive. It is considered a specialty business that requires experienced people for this reason.
What does finance include for a company?It makes reference to the entire quantity of cash and credit that a corporation has utilized. The execution of all other economic activities, as well as the purchase of goods, services, and raw materials, require business finance. In particular, it is required for conducting out all business processes.
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In pricing a property using the market data approach, adjustments are made to the price of the _____ property.
subject and comparable
subject
comparable
subject or comparable
In pricing a property using the market data approach, adjustments are made to the price of the comparable property.
Houses which can be similar (similar) to every other ought to have comparable marketplace values, and consequently similar assessed values. One manner to evaluate whether or not your home has been assessed pretty, or uniformly, is to compare its assessment to the evaluation of different comparable houses.
A similar property is one that is most just like the challenge belongings. The similarities must healthy all the overall info of the property. wellknown descriptions of a property consist of the wide variety of bedrooms, baths, square footage size, and so forth.
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What is free cash flow and why is it important?
Free cash flow is the cash available to a company, it is important because it allows the company's needs to be met.
What is free cash flow?As we have already mentioned, it is all the money coming from a company's cash, that is to say, it is the amount of liquid money that an entity has with which it can make quick purchases or pay its suppliers.
The free cash flow is of great advantage because it helps companies to quickly solve any inconvenience that may arise, that is why it is considered necessary to manage cash within companies.
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if an agent has represented himself or herself as possessing special skills, the agent is expected to use them. a. true b. false
If an agent has represented himself or herself as possessing special skills, the agent is expected to use them. (a)true
Specialized skills are specific talents or abilities you have that make you a qualified candidate for a job. They may relate directly to the position, such as technical or practical skills, or they may have a more generalized purpose that makes them useful in many settings.
What are possessed skills?
Here are the seven essential employability skills with examples:
Positive attitude. Being calm and cheerful when things go wrong.Communication. You can listen and say information clearly when you speak or write.Teamwork.Self-managementWillingness to learn. Thinking skills (problem solving and decision making)Resilience.learn more about possessed skills to visit this skill
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Regarding a bond's characteristics, which of the following is the principal loan amount that the borrower must repay?A. call premiumB. maturity dateC. par or face valueD. time to maturity value
The correct option is C ; Par or face value A bond is a contractual arrangement between the bond's issuer and the bondholders.
The bond issuer, maturity date, coupon, face value, bond price, and bond yield are the most essential common features shared by all bonds.
The major drivers of a bond's coupon rate are two characteristics of the bond: credit quality and time to maturity. If the issuer has a low credit rating, the chance of default is higher, and the interest rate on these bonds is higher.
Bonds with a long maturity date often pay a higher interest rate. Bond characteristics include their maturity, coupon (interest) rate, tax status, and callability. Bonds are subject to a variety of risks, including interest rate risk, credit/default risk, and prepayment risk.
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TRUE/FALSE preemployment drug testing tends to discourage drug users from applying for jobs or for applying with companies that perform drug tests.
The answer is true that is pre-employment drug testing discourages drug users for applying for jobs.
What is pre-employment drug test?A prospective hire's drug use or abuse of prescribed medications is discovered through a pre-employment drug test. It can also be used for workers who are returning to their jobs after an illness or injury; in this case, it's known as a pre-placement drug test.
Despite the fact that drug use is fairly widespread in the United States, many employers conduct drug tests on applicants before hiring them because of the danger and legal issues associated with drug use.Pre-employment drug testing tends to deter drug users from looking for jobs or applying with companies that do drug tests, hence the answer is "yes." Drug users frequently want to avoid the humiliation of attending a job interview only to be informed that their drug use disqualifies them.
As a result, drug users are less likely to apply for jobs where drug testing is required.
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There are five ways in which the complexity increases as three or more parties simultaneously engage in negotiation. One of those listed below is not a correct statement. Which one?
A) There are simply more parties involved in the negotiation.
B) More parties bring more issues and positions to the table, and thus more perspectives must be presented and discussed.
C) When negotiations become socially more complex, the social norms emerge that affect member participation, which reduces the stronger pressures to conform and suppress disagreement.
D) As the negotiations become procedurally more complex, the parties may have to negotiate a new process that allows them to coordinate their actions more effectively.
E) As the negotiations become more strategically complex, the parties must monitor the moves and actions of several other parties in determining what each will do next.
The correct response is C). When negotiations become socially more complex, the social norms emerge that affect member participation, which reduces the stronger pressures to conform and suppress disagreement.
A disagreement about/over the price of the work: We got into a disagreement about/over the price of the work. Literary critics were completely divided (about the value of the book). Synonyms, antonyms, and examples in a thesaurus. The two neighbours got into heated arguments. Factual differences fall under this category. For instance, there may be a difference of opinion over whether the earth is spherical or flat. The second kind of conflicts involves a suggested plan of action, such whether to visit Greece or Italy. Conflict is a heated argument and disagreement about a significant issue. Conflict occurs when two individuals or organizations have a significant disagreement or argument and have not yet come to a resolution. Information conflicts, values conflicts, interest conflicts, interpersonal conflicts, and structural conflicts are the five basic causes of conflict. Conflicts over information occur when persons have conflicting or incomplete information or disagree on the information's relevance.
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which of the following are important elements of a cash disbursement control system? (select all that apply.) a. All expenditures are authorized before a check is prepared b. Checks are signed only by authorized individuals c. The bank-generated deposit slip should be compared with the check listing d. The person opening the mail is not the person who maintains the accounting records e. The person opening the mail is not the person who maintains the accounting records
All expenditures are authorized before a check is prepared and Checks are signed only by authorized individuals are important elements of a cash disbursement control system.
In order to achieve certain investment or fund management goals, controlled disbursement is utilized to control the daily flow of checks through the banking system. Typically, once-daily check distributions are required. These actions include payment authorization, cash management strategies, and reconciliation of vendor accounts. A cash receipts control system includes controls like comparing the bank-generated deposit slip with the check listing and making sure the person opening the mail is not the person who maintains the accounting records. Cash management is the careful oversight of cash balances, forecasted cash payments, and forecasted cash receipts to ensure that adequate cash balances exist to meet obligations.
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You can decrease the cash cycle by: improving the cash discount offered to customers who pay their accounts early. increasing the percentage of customers paying with credit rather than cash. increasing the amount of raw materials kept in inventory. paying your suppliers earlier to receive a discount on your purchases. increasing your inventory to prevent stock-outs.
Cash cycle, a measure of liquidity of company, can be decreased by better cash discounts for early paying customers.
What does cash cycle mean?Also known as the cash conversion cycle (CCC), it's the time between buying the raw materials used to make a product and selling the product to make money.
It's one of the best ways to check your company's sales efficiency. It helps companies quickly know how to buy, sell, and receive cash. A low or (better yet) negative CCC means that working capital has not been tied up for a long time and the business is highly liquid.
How do you calculate cache cycles?Cash Conversion Cycle = DIO + DSO - DPO
DIO stands for Days Inventory Outstanding. DSO stands for Days Sales Outstanding. DPO stands for Days Payable Outstanding.
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for questions 7-11, consider a market served by a monopolist. the monopolist has a linear marginal cost (shown here as marginal private cost, mpcm) and a downward-sloping demand curve d0. here is the graphical representation of that market.
Equating the monopolist's marginal revenue with its marginal cost, which is the same profit-maximizing condition, yields the monopolist's profit-maximizing level of output and associated profit-maximizing price.
What is a monopolist individual?
A monopolist is a person, organization, or business that dominates and controls the market for a particular item or service. Due to the absence of substitute products or services and competition, monopolists can command high prices since they have sufficient market power.
What does monopolist look like in practice?
A company that sells its product exclusively and without any close substitutes is said to have a monopoly. An unchecked monopoly has the ability to set prices and has market power. DeBeers and diamonds, Microsoft and Windows, etc.
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corbin appliance group has decided to adopt the six sigma approach. by doing this, the company will be able to___
Corbin appliance group has decided to adopt the six sigma approach. by doing this, the company will be able to Recycle returned product. Using the Six Sigma methodology, businesses can increase the efficiency of their business operations.
A collection of methods and equipment for process improvement is called Six Sigma. While employed by Motorola in 1986, American engineer Bill Smith introduced it. By locating and eliminating the sources of errors and reducing variability in production and business processes, Six Sigma initiatives aim to increase manufacturing quality. This is accomplished by employing empirical and statistical quality management techniques as well as Six Sigma professionals. Each Six Sigma project has a set methodology and clear value objectives, like lowering pollution levels or raising customer happiness. This improvement in performance and decrease in process variance contributes to the reduction of defects as well as an improvement in revenue, employee morale, and product or service quality. There are numerous examples of this, including the recycling of materials, the use of affordable and practical everyday materials, speeding up each cycle, and first lowering, then eliminating production flaws. Since the product quality will significantly improve as a result of Six Sigma, both customer happiness and customer service will generally increase.
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What are the 4 accounting concepts?
The four basic accounting principles in use are materiality, complete disclosure, consistency, and conservatism.
What is the essence of conservatism?A political philosophy known as conservatism emphasizes tradition & relies on the person to uphold society. François-René de Chateaubriand coined the phrase for the first time in 1818 as part of the Bourbon Restoration, an effort to undo the effects of the French Revolution.
What makes a person conservatism?They support minimal taxes, unrestricted markets, privatization, deregulation, and a reduction in government spending and debt. Social conservatives believe that secularism & moral relativism pose a challenge to traditional social values, which are frequently based in ways to combat and religion.
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Suppose that the corn market is purely competitive. If the corn farmers are currently earning negative economic profits, then we would expect that in the long run the market's:
Supply curve will shift to the _____
Assume that there is just competition in the corn market. If maize growers are currently experiencing a loss, we can anticipate that the market's supply curve will eventually shift to the LEFT.
when businesses are long-term viable in a perfectly competitive market?
In a world with perfect competition, enterprises never make a profit. Long-term accounting profits are something that businesses can achieve, but profitability are something else.
What will transpire over time if enterprises engaged in perfect competition suffer losses? Due to the failure of some vendors, demand will spike and costs will increase.
When a corporation engages in pure competition, what does its price equal in the long run?
When a market is competitive and in lengthy equilibrium, each firm's net gain is equal to zero. Furthermore, this implies that the
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repeated games are conducive to explicit cooperation. tacit cooperation. corruption. failing to have a nash equilibrium.
b)Repeated games conducive to tacit cooperation.
Yes, repeated games are conducive to tacit cooperation. This is because, over time, players in the game learn to understand each other’s strategies and behaviors, allowing them to cooperate in order to achieve mutual goals.
For example, in a repeated Prisoner's Dilemma game, both players may come to an understanding that they can both benefit by cooperating in the long run, even though it may not be in their best interest to cooperate on each individual move.
Therefore option B is a correct answer.
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Roland mows Karla's lawn for $25. Roland's opportunity cost of mowing Karla's lawn is $20, and Karla's willingness to pay Roland to mow her lawn is $28. Refer to Scenario 8-2. Assume Roland is required to pay a tax of $3 each time he mows a lawn. Which of the following results is most likely? a. Karia now will decide to mow her own lawn, and Roland will decide it is no longer in his interest to mow Karia's lawn b. Roland and Karla still can engage in a mutually-agreeable trade c. Roland is willing to mow Karla's lawn, but Karla will decide to mow her own lawn d. Karis is willing to pay Roland to mow her lawn, but Roland will decline her offer
Option d is the correct selection: Karla and Roland can still come to an agreement on a trade.
A consumer's willingness to pay can be thought of as the highest price they can afford for a product or service. When a customer's willingness to pay is greater than the price he actually pays, that customer has earned a surplus. In a similar vein, when a producer receives a price that is greater than the minimum price he is willing to accept, he earns surplus.
What is an example of opportunity cost?Time spent studying and money used for other purposes are the opportunity costs. Wheat is planted by a farmer; Planting a different crop or making a different use of the resources (land and farm equipment) is an example of the opportunity cost.
What is the name of opportunity cost?The next best option is commonly referred to as opportunity cost. The loss of gain that could have been gained if another option was chosen is also referred to as the alternative cost. It can also be described as the loss of a benefit as a result of making a different choice.
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Listed below are bundles, each comprised of three independent proposals for which the PW has been estimated. For a capital investment limit of $45,000 and a MARR of 9% per year, the bundle selected isBundle Investment, for Bundle, $ PW at 9%, $1 −18,000 −1,4002 −26,000 8,5003 −34,000 7,1004 −41,000 10,500
Assuming that the bundles are mutually exclusive and only one bundle has to be chosen, we will choose bundle 4.
This is so because the bundle provides the highest net present worth for the future cashflows.
Also, bundle 4 has an investment of $41,000 which is well within the maximum investment limit.
Cash flow is the net amount of cash and cash equivalents coming into and going out of a business. Inflows are represented by money received, and outflows are represented by money spent.
Ability to generate positive cash flows, or more specifically, ability to maximize long-term free cash flow, is fundamentally what determines a company's ability to create value for shareholders. After deducting any funds used for capital expenditures, a company's free cash flow (FCF) is the cash it generates from its regular business operations.
The amount of money a company receives and expends is known as its cash flow. Businesses receive revenue from sales and spend that revenue on overhead. Additionally, they might make money from investments, royalties, licensing deals, and interest payments. They might also sell goods on credit with the expectation of receiving the money owed at a later time.
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what restriction would the government impose in a closed economy?
The type of restriction that a government would impose in a closed economy are:
restriction of trade with countriesestablish import costsretain traditional traditions solelyoutlaw private landholding.What is a closed economy?Basically, a closed economy means a country that produces all of its own goods and services and does not participate in international trade. This type of economies are virtually nonexistent today although some countries come closer than others to having one.
In countries with open economies, some governments may close off a specific sector or industry from international competition through the use of quotas, subsidies, and tariffs; but this practice often referred to as protectionism.
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Stock splits and stock dividends have the following effects on Total Stockholders' Equity:
Select one:
a. Stock Splits DECREASE | Stock Dividends DECREASE
b. Stock Splits INCREASE | Stock Dividends NO CHANGE
c. Stock Splits NO CHANGE | Stock Dividends DECREASE
d. Stock Splits NO CHANGE | Stock Dividends NO CHANGE
The following impacts stock splits and dividends have on total stockholders' equity Stock Dividends remain unchanged as Stock Splits rise. Hence, Option B is correct.
A stock split is a corporate move in which a corporation issues more shares to present shareholders in order to increase the number of outstanding shares.
Splitting a stock can increase trading liquidity and appear to be a more inexpensive investment. The number of outstanding shares rises and the price per share falls correspondingly in a stock split, while the market capitalization and value of the company remain constant.
Even when the company's fundamental worth has not altered, a stock split may make the shares appear more reasonable. Additionally, it might make the stock more liquid.
Therefore, Option B is correct.
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Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses FORTEN COMPANY Comparative Balance Sheets December 31 Current Year Prior Year Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets 66,400 82,380 292,156 1,320 442,256 146,500 $84,500 61,625 262,800 2,115 411,040 119,000 42,125) 51,500) $546, 631 $478,540 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term notes payable Total liabilities Equity Common stock, $5 par value Paid-in capital in excess of par, common stock Retained earnings $131,175 64,141 13,300 77,441 139,375 59, 750 199,125 136,94.1 161,250 179,250 54,000 176,440 118,165 FORTEN COMPANY Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses $637,500 296,000 341,500 Depreciation expense 31,750 143,400 175,150 Other expenses Other gains (losses) Loss on sale of equipment Income before taxes Income taxes expense Net income 16,125) 150,225 39,650 $110,575 Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $16,125 (details in b) b. Sold equipment costing $79,875, with accumulated depreciation of $41,125, for $22,625 cash c. Purchased equipment costing $107,375 by paying $52,000 cash and signing a long term note payable for the balance d. Borrowed $5,100 cash by signing a short-term note payable e. Paid $55,625 cash to reduce the long-term notes payable f. Issued 3,600 shares of common stock for $20 cash per share g. Declared and paid cash dividends of $52,300 Required: 1. Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) FORTEN COMPANY Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations: Cash flows from investing activities 0 Cash flows from financing activities: 0 0 Net increase (decrease) in cash Cash balance at December 31, prior year Cash balance at December 31, current year 0
Cash at the end of year $66,400
What is Forten Company's current year income statement?Cash flow from all activities -$18,100
Cash at the starting of the year $84,500
Cash at the end of year $66,400
The indirect way of creating a comprehensive statement of cash flows using a spreadsheet.
FORTEN COMPANY
Statement of Cash Flows
For the Year ended December 31
Cash Flow from Operating Activities:
Net Income $110,575
Translation of net income to working capital from operating activities adjustments:
Depreciation $31,750
Loss on sale of Equipment $16,125
Increase in Accounts Receivables -$20,755
($61625 - $82380)
Increase in Inventory -$29,356
($262800-292156)
Decrease in Prepaid Expenses $795
($2115-1320)
Decrease In Accounts Payable -$67,034
($64141 - $131175)
Increase in Short term note payable $5,100
($13300-8200)
Total Adjustments -$63,375
From Operating Activities Net Cash Flow (A) $47,200
Cash Flow from Investing Activities:
Cash Received from sale of Equipment $22,625
Purchase of Equipment (In cash) -$52,000
Inflow of Net Cash Into Investing Activities (B) -$29,375
($22,625-$52,000)
Cash Flow from Financing Activities:
Repayment of Long Term Note Payable -$55,625
monetary gain from the sale of common stock $72,000 (3600*$20)
Dividend paid -$52,300
From Financing Activities Net Cash Flow (C) -$35,925
Total Cash flow from all activities
(A+B+C) -$18,100
($47,200+-$29,375+-$35,925)
Cash at the starting of the year $84,500
Cash at the end of year $66,400
($84,500-$18,100)
As a result, the full statement of cash flows produced by the indirect technique using a spreadsheet will be:
Cash flow from all activities -$18,100
Cash at the starting of the year $84,500
Cash at the end of year $66,400
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which of the following should not be on a company's menu of actions to consider in crafting a strategy of social responsibility?
Actions that prioritise shareholder returns and profits over commitments to the environment, communities, and workers should not be on a company's menu of actions to consider in crafting a strategy of social responsibility.
What is social responsibility?
A person has a moral obligation to work and collaborate with other people and organisations for the good of the community that will inherit the world they leave behind. This is known as social responsibility.
Every person has a responsibility to uphold the balance between the economy and the ecosystem in which they live. There may be a trade-off between material economic development and the welfare of society and the environment. Social responsibility applies to everyone whose actions have an impact on the environment, not just businesses. It strives to remove obstacles and guarantee safe healthcare for residents in remote areas.
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ch. 20 problems and applications q10 suppose that congress passes a law requiring employers to provide employees some benefit (such as healthcare) that raises the cost of an employee by $2 per hour. assume that firms were not providing such benefits prior to the legislation.
If the cost of an employee rises by $2 per hour, the demand for labor falls as employees find it more expensive to hire laborers, while the supply of labor rises as more workers are willing to work.
Wage rates have fallen as a result of increased supply and decreased demand, as shown in the graph. As a result, both employers and employees have suffered. As a result, the given statement is false.
If the market wage was $1 above the minimum wage before the mandate, the wage rate with the employer mandate will be $9 per hour, resulting in a decrease in employment and an increase in unemployment.
The correct statements are as follows:
The equilibrium labor quantity will decrease.The labor supply curve remains unchanged.Employers are worse off now than they were before the mandated benefit.To learn more about Wage rate, please refer:
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integrating a business software module into an erp has several advantages. which of the following business software modules includes customer payment information?
TPS is a business software module which includes customer payment information.
What is TPS?TPS or a transaction process system refers to an information processing system for business transactions. It involves the collection, modification and retrieval of all transaction data. The features of a TPS include performance, reliability and consistency.
SABRE, was the first transaction processing system made by IBM for American Airlines, which became operational in 1964. It was designed to process up to 83,000 transactions a day, the system ran on two IBM 7090 computers. This transaction processing system was migrated to IBM System or 360 computers in 1972. It became an IBM product first as an Airline Control Program and later as a Transaction Processing Facility.
TPS business software module is also called the transaction processing or real-time processing.
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