Answer: $480
Explanation:
The net cash inflow from operating activities on Packard's statement of cash flows for Year 2 will be calculated thus:
Revenue earned = $1000
Less : Expenses paid = ($520)
Operating cashflow = $480 inflow
The net cash inflow from operating activities on Packard's statement of cash flows for Year 2 will be $480.
Answer:
The price level and GDP will fall.
Explanation:
A decline in money supply will increase the interest rate, as a result the investment will decline. This will cause production to decrease. An increase in tax will cause the cost of production to increase, reducing the supply. The taxes will decrease the disposable income, further reduing demand and cnsumption. A pessimistic expectation of business will also cause production to decline.
A rise in the value of dollars will make exports expensive, reducing exports. All of this will cause the GDP and price level to decline.
The statement is true.
In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per the company's records because the excess amount would be reduced from the bank balance in the company's records, So the company books are not correct. To make them correct the excess amount should be added back to the balance as per the company's records.
For example, if the check amount was 500 but the company recorded it as $550. Then means that the company records show $50 less compared to the bank statement. Therefore, that $50 is added back and then it comes equal to the bank statement balance.
When a note is written to settle open account an entry that converts the accounts receivable account to a note receivable account is required. This entry is required because when the note is written to settle accounts the company has to receive notes in the future and the amount of the account.
<em>Your question is incomplete. Please read below to find the missing content.</em>
In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per company's records.
TRUE
FALSE
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The answer is Embargo
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Answer:
True
Explanation:
Profit function would be maximised.
Profit = Revenue - Cost
Let units of both goods be = A ,B
Revenue per unit good A = 100
Revenue per unit good B = 90
Variable Cost per unit good A = 30
Variable Cost per unit good B = 25
Profit Function = (100 - 30)A + (90 - 35)B
= 60A + 65B
{The function is right without including 'average fixed cost' part of 'total cost' in the function because : average fixed cost is a constant & constant figure doesn't effect optimisation (via differentiation , ∵ d (c) = 0)
