1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OlgaM077 [116]
3 years ago
5

Paying taxes to governmental bodies is considered a cash outflow in the operating activities section on the statement of cash fl

ows.
True or False?
Business
1 answer:
ikadub [295]3 years ago
7 0

Answer:

true

Explanation:

tax is a compulsory financial charge imposed upon on a tax payer by the government. In preparation of a company profit or loss account and other comprehensive statement , it is mandatory that the company is expected to deduct the approved tax rate after arriving at its operating profit. paying of taxes is a cash outflow in the operating activities of a cash flow statement because it is paid within one year and paid from the operating activities of the company.

You might be interested in
Suppose the Imperial Galactic Bank has received $1,000 of deposits and all banks face a required reserve ratio of 10 percent. Wh
Bumek [7]

Answer:

Money Multiplier= 1/ reserve ratio = 1/10% = 10

Change in Money Supply = Change in Reserves * Money Multiplier

= 1,000 * 10 = 10,000

So, option d is the correct option.

4 0
3 years ago
What are 3 categories of soft skills?
dimaraw [331]
Personal, social and methodical skills
5 0
2 years ago
Read 2 more answers
In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price minimum ave
Pepsi [2]

Answer:

A. minimum average variable cost exceeds price.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market

In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

6 0
3 years ago
A company plans on selling 500 units. The selling price per unit is $10. There are 60 units in beginning inventory, and the comp
BaLLatris [955]

Answer:

Units to be produced will be 540

So option (a) will be the correct answer

Explanation:

We have given number of units sold = 500 units

Beginning inventory is given = 60 units

And ending Inventory= 100 units

We have to find units to be produced

Units to be produced is given by

Units to be Produced= Ending Inventory + Units to be Sold - Beginning Inventory = 500 + 100 - 60 = 540 units

So 540 units are produced

So option (a) will be the correct answer

5 0
2 years ago
Which of the following questions is the most appropriate way for a retail associate to understand if a customer prefers inexpens
Aleonysh [2.5K]

Answer:

"What clothing brands do you usually prefer?"

Explanation:

The retail salesman will infer if the customer likes expensive or cheap brands as this person is trained to know the difference in prices of all the brands that the branch sells.

4 0
2 years ago
Other questions:
  • Dee's has a fixed asset turnover rate of 1.12 and a total asset turnover rate of 0.91. Sam's has a fixed asset turnover rate of
    8·1 answer
  • Keesha Co. borrows $200,000 cash on November 1 of the current year by signing a 90-day, 9%, $200,000 note. 1. On what date does
    6·1 answer
  • IF YOU HELP ILL DO ANYTHING!! 20 POINTS AND BRAINLIEST!!
    7·2 answers
  • What role does the idea of machine/machinery play in constructivist settings?
    5·1 answer
  • On april 6, apple entered into a signed contract with bean, by which apple was to sell bean an antique automobile, having a fair
    8·1 answer
  • What does an exchange rate tell you?
    15·2 answers
  • Compile a job advertisement for a receptionist vacancy.Advertisement should include the name of the business and the title of th
    7·1 answer
  • Lily's Pastries produces cupcakes, which sell for $5.10 each. During the current month, Lily produced 3200 cupcakes, but only so
    5·2 answers
  • Which of the following is not a function of prices in a market system? Group of answer choices Prices send signals to buyers and
    12·1 answer
  • A check is__? (1 point)
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!