Answer:
Nonoperating
Explanation:
The activities through which revenue and expenses occur which do not take part in the operations of business is consider as nonoperating.
Answer:
Explanation: Both the marginal cost curve and the average variable cost curve are U-shaped. For many firms, this is true because their production exhibits increasing returns at low levels of output and decreasing returns at high levels of output. At the minimum of average cost, the marginal cost curve intersects the average cost curve. This is because when marginal cost is above average cost, average cost is decreasing and when marginal cost is below average cost, average cost is decreasing.
AICPA: <span>The national professional organization of practicing Certified Public Accountants (CPAs), whose various committees and boards have been an important contributor to the development of GAAP.
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Answer:
B. using a percentage of the price of an item
Explanation:
Answer:
The net financing cash flows is $5000 as shown below.
Explanation:
The net financing cash flows is calculated below:
Receipt from bank for long-term borrowing $6000
Payment of dividends <u> ($1000)</u>
Net financing cash flows $5000
Receipt of $10000 relates to operating cash flows as it is cash receipt in the ordinary course of business
Payment to suppliers of $5000 is an operating cash flow as well as suppliers are paid for supplying the items that the business deals in, same applies to payment to workers of $2000.
Lastly, the payment for machinery of $8000 relates to investing activities of the business as it an expenditure incurred to generate more returns.
