Answer:
The correct answer is C
Explanation:
Guns and butter is policy of the economy, where the decision of whether the country is more interested in spending the money on people. It states or explains the relationship among the investment of the nation in defense and the civilian goods.
But in business, guns and butter, will be a phrase which states the trade- off the nations face while selecting to produce or manufacture more or less military or the consumer goods.
Answer:
because organized goals are too complex to be addressed directly.
Explanation:
Answer:
The $7,000 balance of prepaid expenses should be added in the net income.
Explanation:
If the indirect method of cash flow statement is followed, then the decrease in current assets would increase the cash balance as it is an inflow of cash whereas the increase in current assets would decrease the cash balance as it is an outflow of cash.
But in the current liabilities, the conditions are opposite which means a decrease in current liabilities would decrease the cash balance whereas the increase in current liabilities would increase the cash balance.
In the question, it is given that the opening balance of the prepaid expenses is $15,000 and the ending balance is $8,000 which show decrements of $7,000 which will add to the net income.
Hence, the $7,000 balance of prepaid expenses should be added in the net income.
Your friend is in the category of people considered to have HIGH INCOME.
Friend's salary is more than $1 million and he lives off a credit card. He has high income but net worth can't be determined.
