Answer:
The answer is: C) $14,000
Explanation:
ABC Tax Planning Services paid six months of rent in advance, from January to July. It spends $7,000 per month on rent, so the six months prepaid rent would be $42,000. On April 30, 2018, ABC had already rented the offices for 4 months, so it had only two months left in its Prepaid Rent account, equivalent to $14,000 (2 x $7,000).
Answer: The correct options are;
Option C
Option E :
Explanation:
The recent crisis led to more debt to GDP ratio jumped from 69% in 2008 to 79% in 2009. This level is higher than the maximum in the Great Depression and the increase in percentage points over two years is the same as that over six years during the great depression
Also,
The banking system was not hit hard during the great depression because the central banks of different countries were less coordinated, had different
objectives and policy instruments and some countries still had obligations and/or debts from
World War I. All countries had separate currencies, and lenders of last resort did not exist to
the extent they do today.
According to a discussion paper titled "The Great Recession versus the Great Depression: Stylized Facts on Siblings That Were Given
Different Foster Parents".
Answer: Option D
Explanation: In simple words, operating activities refers to the activities that are related to the core operation of the business.
While preparing cash flow statement from the method, the accountant records the inflow and outflow of the activities directly, however, in case of applying the indirect method the accountant takes the accrual basis to cash basis accounting transactions into consideration.
While preparing cash flow statement other two sections are prepared in a same way in which all the inflows and outflows are recorded directly.
Thus, from the above we can conclude that the correct option is D.
Answer:
True
Explanation:
Organizing as a management function refers to designing and structuring an organization, defining roles and responsibilities and specifying reporting responsibilities. Organizing involves creation of organizational hierarchy and delegation of responsibilities.
In the given case, Eve is involved in redesigning department so as to ensure quick responses and better efficiency. Organizing function of management includes effective deployment of resources for efficient operations.
Thus, Eve's efforts constitute a part of the organizing function of the management.
Answer:
True
Explanation
A franchise is a license given to a franchisor by a franchisee that allows the franchisor sell products of the franchisor in exchange for some type of consideration.
