Answer:
<u>Cashflow Statement </u>
Note the direct method is required for this question. This means, we reconcile the Net Income to Operating Profit by adjusting for Non-Cash items included in Income and Changes in Working Capital.
Explanation:
I have attached the full question as an image below.
<span>b) SRAS shifts left. but i am not sure</span><span />
Answer:
A specific phobia, Generally known as claustrophobia.
Explanation:
Claustrophobia is an anxiety disorder, in which the irrational fear having no escape route or closed in can lead to a panic attack. The triggers for this phobia include being inside an elevator, or in a room without any windows and on being an airplane. It has also been reported that in some people wearing tight- necked clothing can also lead to claustrophobic feelings. It can be due to conditioning and genetic factors. People suffering this phobia tend to avoid closed spaces. In the USA, up to 5 percent of people suffer from this phobia
Answer:
Goods are actual tangible items that a person can buy in other to satisfy their needs and/ wants while Services are intangible but are provided to a person by another person in order to satisfy the needs and/or wants of the person the services are being provided for.
GOODS;
- Material items or products that customers will buy to satisfy a want or need
- Jewelry
- Groceries
- Computers
- Cars
- Clothing
- Ice Cream
- Magazines
SERVICES
- Tasks performed by people that customers will buy to satisfy a want or need
- Cutting Hair
- Doctor
- Cleaning Business
- Package Delivery Business
- Massage
- Therapist
- Dentist
- Waiting Tables
- Teaching
Answer: c. Interest expense and property taxes, other expenses, depreciation expense.
Explanation:
In terms of deductibility, interest expenses such as mortgages take precedence along with taxes on property.
After this comes other expenses starting first with direct expenses incurred in providing Jamison's services then there will be other expenses such as insurance, periodic repairs and admin expenses.
At the bottom of the hierarchy is depreciation expense which is the last expense that can be deducted