Answer:
$29,750
Explanation:
Given that
Borrowed amount = $350,000
Interest rate = 8.5%
The computation of interest expense is shown below:-
Interest expense in the first annual payment = Borrowed amount × Interest rate
= $350,000 × 8.5%
= $29,750
Therefore, for computing the interest expense in the first annual payment we simply multiply borrowed amount with interest rate.
Answer: 12,000
Explanation:
Given that,
Stockholder's equity at the beginning of the year = 70,000
Stockholder's equity at the end of the year = 60,000
Dividends = 22,000
Net Income = Ending Balance + Dividends - Beginning Balance
= 60,000 + 22,000 - 70,000
= 12,000
Therefore, the net income for the year was 12,000.
Answer:
d. $8,000
Explanation:
‘Cash Flow Statement’ is one of major financial statement that indicates the inflow and outflow of cash along with the reasons by categorizing each cash transaction in three activities i.e., operating, investing or financing activity. Non-cash transactions are not considered while preparing a cash flow statement.
- Operating Activities records the cash transactions involved in the operations of the business are recorded under ‘operating activities’ in the cash flow statement. Examples: Revenue earned, expenses incurred etc.
- Investing Activities records the cash transactions that show the changes in long-term investments are recorded under ‘investing activities’ in cash flow statement. Example: Purchase of plant, sale of equipment etc.
- Financing Activities records the cash transactions that show the changes in the finances or long-term debt of the company are recorded under the ‘financing activities’ in the cash flow statement. Example: Debt paid off, new shares issued etc.
Net cash flow from financing activities section is shown below:
Answer: C. identifying the positive elements of an organization or work unit that is performing well
Explanation:
The Appreciative Inquiry Process is a proposed method of organisational change that aims at capitalizing on the strengths of a company. In other words, this process believes that a company should focus on what it is good at and then improve performance from there.
The first step is the Discovery step. This is where the company explores, identifies, then appreciates the processes in the business that are already working well hence option C is correct.
Answer:
It will be a nominal increase. Not a real increase in the purchase power of the persons
Explanation:
We will check for the effect of inflation:
18,000 x 251/218 = 20.724,77
18,000 dollars in 2010 have aprroximate the same purchase power of 20,725 dollars in 2018
Therefore, there was no real wroth in the GDP per capita from this time period.
It was all nominal increase, there was no improve in the purchase power of the consumer.
