Answer:
$292,300
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is presented below:
Cash flow from Operating activities
Net income $194,700
Add: Depreciation expense $47,700
Add: Loss on the disposal of plant assets $4,900
Add: Decrease in accounts receivable $19,900
Add: Increase in accounts payable $21,900
Add: Decrease in prepaid expenses $3,200
Net Cash flow from Operating activities $292,300
Answer: only disaffirm the entire contract.
Explanation: Egbert, age sixteen, who purchases a $500 video-game system and a $50 computer chair from CompuStore. Egbert changes his mind and wants to avoid the contract for the video-game system but not the computer chair. However, Egbert may only disaffirm the entire contract.
when a binding price ceiling is imposed on a market for a good, some people who want to buy the good cannot do so. So the correct answer of your question is True.
Binding Price Ceiling
On the other hand, if a price ceiling's level is set below the equilibrium price that would develop in a free market, it renders the free market price illegal and alters the outcome of the market. As a result, we can begin examining the impacts of a price ceiling by figuring out how a legally binding price ceiling will impact a market that is competitive.
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Complete Question
Answer:
Answer is USD 5,540
Explanation:
By applying Expected profit formula we get:
= (33000*0.11)+(15000*0.37)+(-7000*0.52)
= $5,540
Answer:
b. $50,000 and $250,000.
Explanation:
The computation is shown below:
The required reserve is
= Check-able-deposit liabilities × reserve ratio
= $500,000 × 20%
= $100,000
The excess reserves is
= Actual reserves - required reserves
= $150,000 - $100,000
= $50,000
And, the amount that increase the loan is
= Excess reserves ÷ reserve ratio
= $50,000 ÷ 20%
= $250,000