Answer:
1. Cash will increase by $18,700 for the services to be rendered over the 12 months.
2. Cash will reduce by $64,000 for the legal service acquired.
3. No effect on cash as the transaction is on accounts.
4. Cash will decrease by $1,250 for the supplies purchased.
5. Cash will decrease by $6,000 for the dividends paid.
6. Cash will decrease by $20,000 due to operating expenses
7. no effect on cash
8. no effect on cash.
Explanation:
The business transactions recorded by Hart, Attorney at Law, These transactions have impact on the cash. The inflow and outflow of cash is recorded in the cash flow statement. Transaction no. 3, 7 and 8 will have no effects on cash balance of the company.
Answer:
c) movement along
Explanation:
A change in price of shampoo would lead only to a movement along the demand curve for shampoos. The movement could either be up or down. If price increases, the movement is up and if prices decreases, the movement is down.
Changes in price affect the quantity demanded. If price is increased, quantity demand falls and if price falls, quantity demanded rises.
Other factors lead to a shift of the demand curve. Some of them include:
1. Change in consumers income
2. Change in taste
3. Change in price of subsituites.
I hope my answer helps you
<span><span>(d)
George can disaffirm the contract, but he must pay for the reasonable value of
the goods. A minor who
has been emancipated has all the </span>contractual<span> rights and obligations of a person who has reached the age of majority
and the right to disaffirm is the 1st right granted to minors in
contract law cases.</span></span>
The net income or net loss is calculated on the
statement of owner’s equity.
Answer:
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Explanation:
