A _____ is a form of business ownership that is considered to be separate from its owners or stockholders.

The following is a condensed version of the comparative balance sheets for Sweet Corporation for the last two years at December

notsponge [240]

Answer:

Cash flow from operating activities

Net income $352,000

Adjustment to reconcile net income to

net Cash flow from operating activities

Depreciation expense $26,350

Loss on investment sold $15,500

Decrease account receivable $7,750

Decrease current liabilities -$26,350

Net cash flow from operating activities $348,250

Cash flow from investing activities

Sale of investment $12,100

Purchase of equipment -$89,900

Net cash used investing activities -$77,800

Cash flow from financing activities

Dividend paid -$66,000

Net cash used financing activities -$66,000

Net cash increase (decrease) $204,450

Beginning Cash $120,900

Ending Cash $325,350

6 0

2 years ago

Suppose that there are 50 firms in a monopolistically competitive industry in country A and 50 firms in the same monopolisticall

blondinia [14]

Answer:

The total number of firms in this industry will decrease in the long run because increased competition will mean lower profit margins which will lead to some firms earning sub normal profits which will force them to leave the industry.

Explanation:

3 0

3 years ago

Aaron purchased footballs from Matthew for $370. Matthew had purchased the footballs from Tom by providing Tom with a bad check.

LenaWriter [7]

Answer:

The principle in Law 'Nemo dat quod non habet' states that an individual connot give what he does not have

Indeed Tom can rescind the contract with Matthew as he possesses voidable title to the balls

Explanation:

Until consideration has moved from Matthew to Tom the validity of the agreement/Contract remains inconclusive.

Considering his Account is not funded means he has no valid title to the Balls, he is merely in possession of the Balls but not the Owner.

Tom can sue demanding a return of the Balls irrespective of Matthew having sold them to Aaron.

Another illustration could be given of a thief who sells off a property. Inspite of the Buyer being unaware, because the thief has a voidable title it makes the transaction invalid.

8 0

3 years ago

foreign steel exports, a company based in brazil, colludes with other steel-export companies from around the world to agree on t

Tanya [424]

This type of agreement is a violation of the Sherman Act.

A piece of antitrust law from the United States, the Sherman Antitrust Act of 1890, established the idea of unlimited competition between companies. It was authorized by Congress, and its main author is Senator John Sherman. The Sherman Act forbids "any contract, combination, or conspiracy in restraint of trade," as well as "every monopolization, attempted monopolization, conspiracy, or combination to monopolize." In order to avoid monopolistic alliances that impede trade and erode economic competition, the Sherman Antitrust Act was created in 1890. It prohibits both formal cartels and attempts to monopolize any sector of American commerce.

To learn more about Sherman Act: brainly.com/question/2119756

#SPJ4

7 0

1 year ago

Presented below are three transactions. Mark each transaction as affecting owner's investment (I), owner's drawings (D), revenue

emmasim [6.3K]

Answer:

a. revenue (R), affecting owner's investment (I)

b. not affecting owner's equity (NOE)

c. expense (E) and affecting owner's investment (I)

Explanation:

Revenues and Expense form Profits which are included in the statement of changes in equity through the Retained Income line item, thus these two also affect owners investment.

7 0

3 years ago