Answer:
Cash flow from operating <u> 150,900</u>
Explanation:
<em>The operating activities section of he cash flow statement would like this</em>
$
Net Income 54,000
Adjustments:
Add depreciation expense 9.500
Add loss on sale of land 4,900
decrease in account receivable 24,000
Decrease in inventory 14,500
Decrease in payable <u>44,000</u>
Cash flow from operating <u> 150,900</u>
<em>All decrease in assets and increase in liabilities are added. All increase in assets and decrease in liabilities are subtracted.</em>
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Answer:
It is True
Explanation:
NAKES system is unique among the classifications of economic activities because it was developed based on a conceptual framework (that of production function or production process) that guided its construction as much as possible. In it, activities that have similar production functions are classified in the same category and those that have different production are accommodated in different ones.
It was developed following this unique principle, which allows groupings to be created systematically, always under the same logic, which helps to avoid controversies and interpretation errors.
The System consists of five levels of aggregation: sector (the most aggregate, identified with two digits), subsector (three), branch (four digits), sub-frame (five) and activity class (the most disaggregated level, identified with six digits).
It is common to try to use NAKES to classify products, if the user has that intention with certainty the classifier will disappoint his expectations because the objective of the System is to classify economic activities, not products.
Answer:
The Concept of Opportunity Cost
Explanation:
An opportunity cost is the cost associated with choosing to enjoy a particular benefit or pursue a particular venture at the expense of enjoying the benefit of its best alternate choice. In other words, when you enjoy the benefits of action A, the opportunity cost is the potential benefit of action B that one had to give up to achieve action A.
According to the question, money and resources devoted to war on terrorism represents the choice of the nation and the benefits maybe that the country is free from terrorist attacks. However, the opportunity cost is that the benefit of freedom from terrorist attacks comes at the expense of goods that could have been produced if the country should choose to pursue production of goods.
Answer:
Answer for the question:
This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $31,400 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $32,760. 3 Buys office furniture for $3,840, on the account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,230 (not paid by Roads at this time). 10 Receives cash of $240 as commission for acting as rental agent renting an apartment. 27 Pays $730 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,730 in salary for October.Prepare the debit-credit analysis for each transaction. (If there is no transaction, then enter no effect for the account and 0 for the amount.)
Is given in the attachment.
Explanation:
Answer:
Investing all of your money into 1-2 funds so that you can focus on making money through compound interest.
Explanation: