A Balance Sheet provides a snapshot of a firm's financial position at a specific point in time.
A Balance Sheet could be a financial tool and a book of accounts that has two sides: an assets side and a liabilities side. And either side of a Balance Sheet always matches. All the transactions that passed off in an exceedingly fiscal year are recorded on the Balance Sheet. The transactions of revenue nature come in the assets side and therefore the transactions of expenditure nature or capital nature enter the liabilities side. Any update or omission not recorded within the Balance Sheet or any transaction that can't be recorded within the Balance Sheet must be within the Notes To Accounts.
A Balance Sheet provides a snapshot of a firm's financial position at a specific point in time.
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Answer:
Location Economies
Explanation:
Location economies is a phenomenon which helps the organization gain advantage due to its location which means it enjoys favorable PESTLE factors of a country. Favorable PESTLE factors include political, economical, social, technological, legal and environmental factors.
In the question, it is clear that the Canadian economic policies and stable political environment has led the industries to grow due to business easing policies of the country. Hence Finder Technologies Inc. has enjoyed Location Economies phenomenon.
Answer:
Cash basis OF accounting method $701,600
Accrual basis of accounting method$726,500
Explanation:
Computation of Al's gross income for 2020 using cash basis of accounting method
Gross income
Cash $687,600
Add advance payment $14,000
Total $701,600
Therefore Al's gross income using cash basis of accounting method will be $701,600
Computation of Al's gross income for 2020 using accrual basis of accounting method
Cash received $701,600
($687,600+$14,000)
Less: Income received but will not be earned until 2021 ($14,000)
Less: Beginning of year accounts receivable ($57,600)
Add End of year accounts receivable $96,500
$300,000
Total $726,500
Therefore Al's gross income using accrual basis of accounting method will be $726,500
Answer: The quantity of labor increases, and the effect on the wage rate is indeterminate.
Explanation:
The supply of people who can make bicycles has increased at the same time the demand for bicycles has increased. The supply curve would therefore shift to the right and so would the demand curve for labor. They will intersect at a new point where the quantity of labor has now increased.
Unfortunately, the effect on the wag rate would be indeterminate because the wage rate might just stay the same on account of the supply increasing along with the demand instead of either of them increasing unilaterally. When tis happens, the change is said to be indeterminate.
Answer:
correct option C. increase production.
Explanation:
given data
producing = 37 units
marginal cost MC = $3
sell MR = $5
solution
the profit is maximum at MR = MC ..............1
and here MR = $5 and MC = $3
then production should be increased up to the MC = MR = $5
so correct option is C. increase production
