Answer:
An example of service is a man or woman who is a US Marine. Service is defined as someone or something that is intended to provide help to those providing assistance to others. An example of service is an elevator in a hotel that is meant to be used by hotel staff.
Explanation:
Answer:
$129,000
Explanation:
The indirect method fir calculating cash flows generally starts with net income and then adds or subtracts depending on the non-cash revenue or expense accounts. I.e. it starts at the end and comes back.
In this case, we are starting with net income and we need to add or subtract the changes in accounts receivable. Since accounts receivable decreased during the year it means that more money was collected increasing the cash flow.
Cash flow = net income + change in accounts receivable = $120,000 + ($40,000 - $31,000) = $120,000 + $9,000 = $129,000
Answer:
The advantages of using secondary data are several, but its main advantage is that it is the cheapest way to gather large sets of information. A lot of secondary data is available on the internet, so it is time saving. Using secondary data saves work, efforts and money.
We can also use secondary data to determine more specifically which primary data we need to gather, again saving resources.
Answer:
15%
Explanation:
The computation of the internal rate of return is shown below:
Given that
Year Cash Flow
0 -$27,100
1 $11,100
2 $14,100
3 $10,100
The formula to compute IRR is
= IRR()
After applying the above formula, the internal rate of return is 15%
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