Answer:
The income statement shows the income items and expense items that are earned by a company for an accounting period. The balance sheet shows assets, liabilities, and the ending balances of equity items. The statement of changes in stockholders equity shows the changes of equity accounts, such as retained earnings and common stock, from its beginning balance to its ending balance. The statement of cash flows shows the inflow and outflow of cash for an accounting period.
Explanation:
The best strategy would be to invest in a property and then rent it to recover our investment and obtain additional profits.
<h3>What is an inversion strategy?</h3>
An investment strategy is an organized method of investing money in a business and making a profit in the future. This strategy allows us to organize our ideas to establish the best option that is within our reach to make the most of our investment.
<h3>What investment strategy should we use in this case?</h3>
In this case, taking into account that we no longer have pending obligations to pay, we can have $350. In this way, we can look for a property that can be paid in installments and acquire it.
Once we have paid the total value of our property, we can lease it, recover our investment and earn in the medium term.
Learn more about investments in: brainly.com/question/16822436
Answer:
The balance in retained earnings will be $3,810
Explanation:
For computing the ending balance of the retained earning, first, we have to compute the net income
So, the net income would be equal to
= Service revenue + interest revenue - Salaries and wages expense - Travel expense
= $206 + $31 - $90 - $37
= $110
Now we can find out the ending balance of retained earnings. It is shown below:
= Beginning retained earning balance + net income - dividend paid
= $3,700 + $110 - $0
= $3,810
Answer:
The value of the investment at the time of his first deposit is $1,000.
At the end of the first year, the investment will be worth $1,070.
Explanation:
The value of a deposit investment is determined by the interest rate and time. Time affects the value of an investment by this small-scale businessman in many ways. The passage of time increases the value of his investment. However, the total increase may not be due to the interest rate, but inflation also affects asset's value. For this businessman to make a gain in the investment, the interest rate must be higher than the inflation rate. Otherwise, the investment loses money due to the effects of inflation, which reduces the real value of an asset over time.
Answer:
The mayor thinks demand is inelastic, and the city manager thinks demand is elastic.
Explanation:
- Inelastic demand is when there is no noticeable change in product demand as the price of the product changes drastically. This type of environment is seen when there are no good substitute for the product.
- Elastic demand is when a slight change in product price changes the market demand for the product. This occurs when there are substitutes.
- Here, the mayor thinks there is inelastic demand and the city manager thinks the demand is elastic.
