the four financial statements are: (1) balance sheets; (2)income statements (3) cash flow statements (4) statement of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time. income statements show how much money a company made and spent over a period of time.
Net income links to both the balance sheet and cash flow statement. In terms of the balance sheet, net income flows into stockholder's equity via retained earnings. ... In terms of the cash flow statement, net income is the first line as it is used to calculate cash flows from operations.
Answer:
The seller's proceeds is <u>$89,654</u>.
Explanation:
The seller's proceed is the difference between the total inflows and the out flows. This can be calculated as follows:
<u>Particulars $ $ </u>
<u>Inflows:</u>
Purchase price or sales proceeds 360,000
Refund on property tax in advance <u> 350 </u>
Total inflows 360,350
<u>Outflows:</u>
Commission (23,400)
Documentary transfer tax (396)
buyer's policy of title insurance (650)
Escrow fees (250)
Loan payoff <u> (246,000) </u>
Total outflows <u> (270,696) </u>
Proceeds <u> 89,654 </u>
Therefoe, the seller's proceeds is <u>$89,654</u>.
Answer: Decreasing cost industry
Explanation:
A decreasing‐cost industry is an industry where the costs decrease as there is expansion in the industry. In this situation, the industry's long run supply curve will slope downward because as there is more production of output, minimum average cost of production for every firm decreases with the decrease in costs.
A decreasing cost industry is characterized by the lower costs and prices due to economies of scale and technological advancement.
I believe that the answer is d) All of the above
Answer and Explanation:
The identification is as follows:
As we know that
M! money supply involved all the currecies that have physical existance i.e. notes, coins, demand deposits etc
While on the other hand, M2 involves M1 + near money i.e. mutual funds, checking deposits, money market etc
Since Susan has 2 year CD so it would be classified as a M2 money supply
Since larry withdraw from the bank so it would be included in M1 and M2
And, since raphael has $25,000 in money market so would be classified as a M2 money supply