Answer:
The answer is true
Explanation:
The law of comparative advantage describes how, under free trade, an agent will produce more of and consume less of a good for which they have a comparative advantage.
Answer and Explanation:
The preparation of the operating activities section is presented below:
Cash flows from operating activities
Net income $374,000
Adjustments made
Add: Depreciation $44,000
add: Amortisation expanses $7,200
Add: Accounts receivable decrease $17,100
Add: Inventory decrease $42,000
Less: Prepaid expense increase -$4,700
Less: Accounts payable decrease -$8,200
Add: Wages payable increases $1,200
Less: Gain on sale of machinery -$6,000
Net cash provided by operating activities $466,600
Answer:
Revenue that has been earned by the end of December is $ 140,000
Explanation:
When entity uses the accrual method of accounting, the transaction is recorded as and when it occurs.
The subscription revenue received relates to services to be rendered over 12 months. Therefore the Revenue is recognised as magazines are issued over - time.
<em>From the first issue June to end of December , there exists 7 issues of magazines.</em>
Revenue to be recognised = $240,000 × 7/12
= $ 140,000
It helps advertisers with conversion tracking because it manages a single tracking url at the campaign level, or group level that is separate from the landing page url
Answer:
payback 2.5 years
Explanation:
the payback will be the point in time at which the project cash flow equal the invesmtent.
This method do not consider the time value of money so we don't have to adjust any period cashflow or outflow.
investment: 5,000
increase in cash-flow 2,000
Investment/cash flow = 5,000 / 2,000 = 2.5 years
The depreciation are not considered as this are not cash flow.
