Answer:
a) subtotals of each of the three main sections.
Explanation:
A cash flow statement is a representation of the cash inflows and outflows from various activities in a business. The three main sources of cash flow are operating activities, investing activities, and financing activities.
Operating activities include daily production activities that a business usually engages in like manufacturing or selling.
Financing activities are those that affect the capital base of the organisation.
Investing activities are those that involve purchase or sale of assets, and investment in securities.
To get a better knowledge of the cash flow of the organisation we will need to evaluate subtotals of each of these three sections
Answer:
where marginal cost and marginal revenue meet.
Based on the concept of expected value, the units that the company should order to meet February demand is <u>57 units.</u>
<h3>What is expected value?</h3>
In mathematics under the probability distribution theory, the expected value is the weighted average of possible values of some random variables. The weights are based on the theoretical probabilities of the variables.
<h3>Data and Calculations:</h3>
Cost per unit = $20
Selling price per unit = $50
<h3>Projected Demand</h3>
Demand Units Probability Expected Demand Units
1. 50 units 40% 20 units (50 x 40%)
2. 60 units 50% 30 units (60 x 50%)
3. 70 units 10% 7 units (70 x 10%)
Total expected demand units = 57 units
Thus, the expected demand in February is <u>57 units</u>.
Learn more about calculating expected values at brainly.com/question/10675141
Answer:
c. used to indicate where changes in technology and machinery need to be made
Explanation:
Standard Costs are established through past experiences and hence they can be used to control costs, and plan production schedules.
Changes in technology and machinery need to be made is part of perfomance management with a future outlook.
Answer:
differing opinions on the point we are on the Laffer Curve
A
Explanation:
The Laffer Curve is a supply side economic theory developed by Arthur Laffer in 1974.
The curve depicts the relationship between tax rates and tax revenue
According to this theory, higher income tax rate reduces the incentive of labour to work and invest due to the fact that labour would have to pay higher tax. This means that at some point, increase in the tax rate would decrease government revenue rather than increase it.
The theory submits that there is an optimal tax rate at which tax income is maximised. Once this point is surpassed, increase in tax rate would reduce government revenue
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Effects of a binding price ceiling
1. It leads to shortages
2. it leads to the development of black markets
3. it prevents producers from raising price beyond a certain price
4. It lowers the price consumers pay for a product. This increases consumer surplus
A rent ceiling would lead to shortage of houses and a reduction of the quality of available housing.
