Answer:
$17,400
Explanation:
Given that,
Purchased cash registers on April 1 = $18,000
Estimated useful life of asset = 5 years
Using straight line depreciation method,
Depreciation:
= (Original cost - Salvage cost) ÷ Estimated useful life
= ($18,000 - $0) ÷ 5
= $3,600 per year
Two months depreciation:
= Depreciation per year × (2 ÷ 12)
= $3,600 × (1 ÷ 6)
= $600
Book value of the cash registers on May 31:
= Original cost - Two months depreciation
= $18,000 - $600
= $17,400
What business are you in? The question sounds easy enough. ...
How will the business make money? ...
What does your business need to get off the ground? ...
What is the operating budget? ...
Who are your customers? ...
How will you reach your customers? ...
What sets you apart from the competition? ...
What are your strengths and weaknesses?
What business are we in? ...
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Who is our customer? ...
What does our customer value? ...
What is our target market? ...
What products and services do we provide? ...
What is our sales and marketing strategy?
Answer:
Just use G maps and search stakehouse.
Explanation:
Answer:
B. $170,000.
Explanation:
X company
statement of cash flow
For the year ended
Net income (balancing) (Note - 1) $170,000
Cash flow from operating activities
Depreciation expense $25,000
Increase in account receivable $(20,000)
Increase in inventory $(10,000)
decrease in Prepaid Expenses $25,000
Decrease in Accounts Payable $(20,000)
Increase in Deferred Revenue $30,000
<u>Cash flow $30,000</u>
Net cash flow from operating activities $200,000
Note 1:
Net cash flow from operating activities - Total changes in working capital= $200,000-$30,000 = $170,000.
Answer:
0.31
Explanation:
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income
Income elasticity of demand = percentage change in quantity demanded / percentage change in income
Percentage change in income =
= 2.3
when income was $300, ramen was demanded twice, that is 2/7 times a week. converting to fraction gives 0.29
Percentage change in quantity =
= 0.72
0.72/2.3 = 0.31