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IRINA_888 [86]
3 years ago
9

Economists differ in their views of the role of the government in promoting economic growth. at the very least, the government s

hould __________.
Business
1 answer:
viktelen [127]3 years ago
4 0
<span>Economists differ in their views of the role of the government in promoting economic growth. at the very least, the government should lead the country.</span>
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Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES
Strike441 [17]

Answer:

Net Income                              $

Income before income taxes 3,860

Income tax expense                <u>1,544</u>

Net income                              <u> 2,316</u>

<u />

Explanation:

Net income is calculated as income before income taxes minus income tax expense.

8 0
3 years ago
Which of the following is a correct application of Marginal Analysis? a. You buying 4 pairs of shoes for $240 because you are wi
RoseWind [281]

Answer:

Option d is the right one.

Explanation:

  • Marginal research or analysis to optimize future gains as a decision-making method. In comparison to the expenses incurred by this same behavior, it calculates added benefits. The illustration described demonstrates that the marginal gain is smaller than that of the marginal cost.
  • This involves purchasing goods until the marginal gain is equal to the marginal cost.

The other options aren't sufficient for the scenario provided. But that will be the best alternative for option d.

6 0
3 years ago
Calculating Net Cash Flow from Operating Activities (Indirect Method) Lincoln Company owns no plant assets and reported the foll
qwelly [4]

Answer:

(a) Net Cash flow from operating activities = 115,000

(b) Net Cash flow from operating activities (NCOA) to current liabilities (CL) :

Current liabilities = 22000+9000 = 31000

NCOA to CL = 115,000/31000 = 3.71

Explanation:

Income Statement

                                                                                       $

Sales                                                                        750,000

Cost of Goods sold                                               <u> (470,000) </u>

Gross profit                                                             280,000

Wages expenses                                                   (110,000)

Rent expenses                                                        (42,000)

Insurance expenses                                              <u> (15,000)</u>

Net Income                                                             <u>  113,000</u>

<u />

Cash flow Statement

Net Income                                                                 113,000

Cash flow from operating activities :  

Increase in Receivables (54,000-49,000)                (5,000)

Decrease in Inventories (66,000-60,000)                6,000

Increase in prepaid Insurance (8000-7000)             (1000)

Increase in Accounts Payable (22000-18000)         4000

Decrease in wages payable (11000-9000)               <u>(2000)</u>

Net increase in cash flow from Operating activities 115,000

5 0
3 years ago
Blake Company purchased two identical inventory items. The item purchased first cost $18.00, and the item purchased second cost
murzikaleks [220]

Answer:

c. Ending inventory will be lower if Blake uses weighted average than if FIFO were used

Explanation:

To check which answer is correct, we simply evaluate each option step by step.

<u>Option A</u>

Gross margin is the difference between selling price and cost.

Under FIFO gross margin is $14. (32 -18 =14)

Under LIFO gross margin is $13. (32-19 = 13)

Thus statement is incorrect as gross margin is higher if FIFO is used.

<u />

<u>Option B</u>

If FIFO is used, the dollar amount of ending inventory will be $19 as ending inventory will contain product purchased later that is at $19. In contrast, if LIFO is used, the dollar amount of ending inventory will be $18. Thus the statement becomes incorrect that it will be the same.

<u />

<u>Option C</u>

The ending inventory under FIFO is $19.

The ending inventory under LIFO is $18

The endng inventory under AVCO or weighted average will be, 18+19 / 2 = 18.5

Thus the statement is correct as the ending inventory under weighted average $18.5 is lower than ending inventory under FIFO $19. So, C is the correct Answer.

3 0
3 years ago
Match the example with the business structure that makes sense for it. To match the items, click the example, and then click the
Kazeer [188]

Answer:

Doug and Vanessa- partnership

Esperanza- sole partnership

Robyn- c corporation

Cuba- s corporation or LLC

Ming- nonprofit corporation

I hope this helps someone!!

7 0
3 years ago
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